Can you imagine a Dem controlled House and Senate agreeing with this?
Neither can I.
Yes, Senate and House Dems have agreed to the tax incentive enhancements because they are terrified of the political consequences of their original proposals. Republicans were prepared to run ads against them based on the original bailout.
Pelosi set up her own members for this defeat by not delivering the 12 votes she needed on Monday. She has been hoisted by her own petard and undercut by Reid. In effect, she’s been told she is incompetent.
GOP has won and McCain can take his victory lap.