Bailout bill defeat was bipartisan

House Financial Services Committee Chairman Barney Frank, D-Mass., accused House Republicans of defeating Round 1 of the bailout bill. A major item that Frank didn’t mention is that 12 Democratic members of his House Financial Services Committee voted with 83 other Democrats against the bill. Speaker Nancy Pelosi and Majority Leader Steny Hoyer weren’t working too hard to twist arms for passage.

If 12 Democratic members of the House Financial Services Committee thought the bill to bail out the financial services industry was bad, maybe it was.

If it looks like a political stunt and smells like a political stunt ...