Republican members of Congress have blamed the defeat of the $700 billion Economic Stabilization Act on a speech given by House Speaker Nancy Pelosi prior to the vote.Bloomberg: U.S. House Rejects $700 Billion Financial-Rescue Plan (September 29, 2008) In the speech, given around noon on September 29, 2008, Pelosi blamed the economic policies of the Bush administration for the current financial crisis. The bill subsequently went down to defeat by 228 to 205 votes.
Quotes
"$700 billion a staggering number but only a part of the cost of the failed Bush economic policies to our country."Breitbart TV: Pelosi Attacks Bush... Prior to Vote on Bailout (Time: 5:31)
"The claim to be free market advocates when it's really an anything-goes mentality. No regulation, no supervision, no discipline, and if you fail, you will have a golden parachute. Those days are over. The party is over."Breitbart TV: Pelosi Attacks Bush... Prior to Vote on Bailout (Time: 5:31)
Pelosi Bailout Speech Video
The Hill: Republicans fault Pelosi speech for bailout's failure (September 29, 2008)
The Swamp: House blocks bailout: Parties split within (September 29, 2008)
Bloomberg: U.S. House Rejects $700 Billion Financial-Rescue Plan (September 29, 2008)
Politico: Mccain Blames Obama for House Vote (September 29, 2008)
Breitbart TV: Pelosi Attacks Bush... Prior to Vote on Bailout (Time: 5:31)