I just posted my initial thoughts about John McCain's failure on this bailout negotiations.
By the way, it's incredible that Republicans are saying that the reason why they voted against the bill was because Nancy Pelosi offended them.
Update (12:56PM): Chris Matthews says the bill's defeat is a failure of Republican leadership. I've posted video at HuffPost.
Update 2 (1:02PM): Barney Frank was absolutely hilarious in response to the GOP crybabies, offering to be nice to them if that what it takes to get their votes. Video posted at HuffPost.
Update 3 (1:27PM): Mike Allen notes that McCain claimed credit for the bill before it lost. Ambinder suggests that means McCain deserves blame for its failure. Jay Carney poses the same thought.
Update 4 (2:12PM): The McCain campaign is totally losing it. They are actually blaming Barack Obama for the crash of the bailout plan. I've posted video, and Obama's statement in response, at HuffPost.
© Jed Lewison