The $1 Trillion Men (and women): The House Of Representatives
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The $1 Trillion Men (and women): The House Of Representatives
The Bailout Bill Goes Down
Apparently Nancy Pelosi, Majority Leader in the House, does not know how to count very well. Leading up to one of the most important votes in recent history, it would seem that she did not know how many in her own party would vote yes, let alone how many in the other party would vote yes. The result; only 205 yes when 217 was needed to pass this bailout bill, a bill that most pundits and industry insiders say is necessary so that we avoid slipping into an even deeper recession or worse. To read the whole story, please go to The Commercial Mortgage, Real Estate and Political Hotline at http://commercialmortgagehotline.blogspot.com .
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I'm afraid you've simply gotten it wrong, Michael. The speaker delivered 60% of her party's members. She relied on the Republican leadership's statements that they could deliver a sufficient number of their colleagues to pass the bill. They did not.