Amy Holmes | Bio
CNN Political Analyst
The current Democratic spin is that House Republicans are stalling the bailout plan. Just one problem. House rules let the majority party, and that would be the Democrats, rule the roost. If Nancy Pelosi wanted to roll over the minority’s objections and pass this bill, she could.
Me thinks Pelosi is playing this out for as long as she can.
Yesterday, Congresswoman Melissa Bean, D-Illinois and self described “Obama Mama,” told me that the bailout is deeply opposed by the folks back home. Constituents are outraged that Congress is giving away $700 billion taxpayer dollars to greedy and incompetent Wall Street fat cats (okay, she didn’t actually use the term “fat cats”.) She told me in no uncertain terms that she believes that the banking system is genuinely on the brink, and legislators have no choice but to pass the bill and face an angry public and explain their vote. And it ain’t gonna be pretty.
One can reasonably presume that Pelosi knows all of this. She wants it both ways. And for at least the next six hours, she’ll get it. Duck the blame on a massively unpopular bill by running for cover under the objections of the Republican minority. Claim frustration that her party’s noble and principled efforts to do the necessary and difficult thing are being thwarted by small-minded Republicans. Don’t let Democrats get the blame for an unpopular bill, or suffer voter backlash for irresponsible inaction. Get Republicans on the hook, one way or another, squirming right alongside Democrats..
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