Bailout fails to pass – socialism averted.

That’s right, it doesn’t make it through the house. The Bruce is happy that the federal government will not be spending an additional $700 billion quite yet. Let’s hope it stays that way.

I am particularly encouraged by the fact that so many Americans are opposed to this bill and in turn have guided their representative’s vote. It goes to show the fundamental disagreement the majority of us have with socialist economic policies.

Friends, it wasn’t just Republicans that didn’t vote for this bill. Here’s a little fact: Democrats could have passed this legislation without a single GOP vote. It illustrates how many Democrats are actually quite conservative – or to say it better, are relying on conservative voters from their districts to keep them in office.