The Republicans have been planning all along to use this bailout as an issue against Democrats, despite the fact that it is a bill by a Republican administration. They were so intent on using it that the RNC already had made attack ads and sent them to key states:
The Republican National Committee’s new advertisement critical of the the Wall Street “bailout” was produced and sent to television stations in key states before the package failed, officials at two stations said.
“Wall Street Squanders our money. And Washington is forced to bail them out with — you guessed it — our money. Can it get any worse?” asks the ad’s narrator, as the words “BAILOUT WITH OUR MONEY” cross the screen. (The answer: Obama’s plans would make it worse.)
Absolutely amazing. The Democrats should say they aren’t bringing the bill backup until the Republicans stop holding the American people hostage. We saw what this did to Wall Street and America’s 401k yesterday. They always put party before country. Will John McCain stand up and denounce the RNC for this? Will the media even ask him about it?