CNN is in overdrive blaming the Republicans for killing the bailout. This morning they ran a story headlined “The Death of the American Dream” about how angry the public is and how the bailout would have helped people, even though people are so angry and blaming Wall Street the people did not want the bailout.
In any event, consider these numbers:
Number of additional votes needed to pass the bailout: 12
Number of Democrats on Barney Frank’s committee who voted no: 12
Number of Democrats total who voted no on the plan: 95
Had Frank been able to control his committee or Pelosi the Democrats or had Barack Obama bothered to pick up the phone to support the plan he favored, it would have passed.
Aides to Mr. Obama said he had not directly reached out to try to sway any House Democrats who opposed the measure.