OK, I retract anything I might have said about staying away from politics.
The House today rejected the proposed bailout plan. Although I had misgivings about it, I had decided I was in favor of betting this extraordinary amount of money on the government being able to acquire these failed assets, stabilize the economy and ultimately recover the investment. But a large number of American people felt differently and made those feelings known to their congressional representatives. Those representatives, many of whom are up for re-election in about a month, heard those voices and voted down the bailout.
I am disappointed that the legislation did not pass. I believe both sides worked to get to a plan that would begin to fix some of the problems that are severely hurting our financial system.
My disappointment, however, is far surpassed by the anger I feel at one Nancy Pelosi, our esteemed Speaker of the House. Just before the vote in the House, Madam Speaker took it upon herself to remind her colleagues one more time just what, IN HER OPINION, got us to where we are today -- the failed policies of the Bush administration.
She might be right. I am not writing today to defend President Bush. But when it was time to vote on the proposal, it was time for her to put aside her own personal agenda (although I truly believe she is incapable of doing so) and simply call for a vote.
But no, Speaker Pelosi could not resist the temptation to make it personal one more time and kick the guy who, when she presided for the first time as Speaker at a State of the Union speech, graciously recognized her and her accomplishment at becoming first female Speaker.
There are those who say her statements today actually caused some Republicans to change their votes. I doubt that is true but that is not the point. The fact is that the timing of her statements was inexcusable and indefensable and her statements have nothing to do with anything but her own partisan political leanings.
I can only conclude that Nancy Pelosi has an agenda far more important to her than passing legislation to heal the economy and help the American people, and that is to make sure that a Republican no longer resides in the White House come January.
That's disgraceful. Please, Madam Speaker, do us all a favor. Resign as House Speaker and go ahead and start posturing for a cabinet position in the Obama administration.