FROM CNN's Jack Cafferty:
All weekend we heard the phrase, "We're making progress." Today, we were assured that House leaders had the votes to pass this humongous bailout bill to save the economy from a meltdown. We should know better.
When the roll was called, the necessary votes were missing. Wall Street was like a yo-yo on a string. At one point, the Dow was down more than 700 points. And it all happened despite the efforts of John McCain to anoint himself the savior of the bailout package. It turns out members of McCain's own party balked at voting for the bailout in the house.
Watch: Cafferty: Incumbents out?
At the end of the day, President Bush couldn't get it done, House Speaker Nancy Pelosi couldn't get it done, John Boehner couldn't get it done, and McCain is left with egg all over his face after calling for the cancellation of last Friday's debate and announcing he was suspending his campaign.
Once again our government has failed us. The future of the bailout is very much an open question. With just five weeks before the election, look for everybody in Washington to bend over backwards.
Here’s my question to you: Is the failure of the bailout reason enough to vote all incumbents out of office?
Interested to know which ones made it on air?
I am beyond words to describe my disappointment and anger in our politicians. I sat and watched in disbelief as the vote came through this afternoon. What are we? Invisible? Just watch come the first Tuesday in November. With more of us out of work, more bank failures, and a total collapse of our economic system, watch the incumbents fall harder than today's stock market.
Jim from Iowa writes:
With there being no guarantee that the bailout would work, what if it didn't? The stock market would tumble, banks would fail, and the taxpayers would be out the $700 billion (plus all the interest that would accrue). The bailout was a bad idea, foisted on us by a president who's cried wolf more than once too often, a president interested only in the super-rich.
The Republicans can kiss this election goodbye. They have done more for Democrats than Democrats have. Unfortunately it is all bad for us, normal Americans!
Jan from Los Angeles, California writes:
Something has to happen, Jack. McCain played politics with this and now it is us who are going to suffer as the economy tanks. They didn't sell this bill correctly. When Good Year can't pay people, it is us who will suffer.
The hubris of our elected officials that are supposed to be looking out for us is finally biting them in "the can". Good! This bailout was a giant leap toward national socialism (dare I say fascism). I'd rather go live in a cardboard box than give up my rights. It's going to hurt everyone in the short term (including me), but artificially propping up these markets would kill the ideas this country was founded on in the short and long term.
Dave from Arizona writes:
I now know why revolutions happen. Our revolution must happen in November at the voting booth and get these self serving, incompetent and plain old dumb clowns out of office.