The Losers In The Bailout

The New York Daily News profiles the biggest losers in the Bailout debacle. The top 4 losers are listed below:

- President Bush: Despite a prime-time address to the nation and heavy White House jawboning, two-thirds of House Republicans voted against the leader of their party. Bush has privately told associates the country doesn't listen to him anymore. He showed leadership by pushing hard, but lacks the moral authority to follow through.

- Pelosi: She delivered more of her Democrats than the opposition, but a tough floor speech gave some Republicans a fig leaf to vote no.
The speaker also violated a cardinal rule: never bring a crucial bill to the floor unless the votes are there.

- House Republicans: They retire the pettiness trophy by claiming Pelosi's partisan rhetoric turned them off. "Because somebody hurt their feelings they decide to punish the country?" House Financial Services Committee Chairman Barney Frank needled.

As John McCain might say: "Oh, please!"

- John McCain: He rushed back to Washington to take charge of the negotiations and whip balking Republicans into line. Oops.

Personal finance expert Suze Orman stated last night that we may not come out of this economic mess for 7 years. We all better fasten our seat belts, it's going to be a very, very bumpy ride.