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Friday, October 3, 2008

The color of money

Moments before the House voted on the Emergency Economic Stabilization Act on Friday, House Minority Leader John Boehner, R-Ohio, and House Speaker Nancy Pelosi, D-Calif., each spoke on the floor. The two clash almost constantly, but on this occasion, they were in full agreement on the need for a financial-sector bailout bill.

Boehner urged passage, noting the bill was crafted by “members of both sides of the aisle.” Pelosi then declared that it was “my pleasure to work with Mr. Boehner.”

Their harmony may not last long. Pelosi made it clear that when Democrats return next year, they will begin pushing for passage of new regulations. “This crisis will lead to reforms,” she predicted. Republicans likely will oppose many of them.

But for the moment, they were on the same page. They even looked united. Boehner wore a green necktie and Pelosi wore a green pant suit — perhaps delivering a subliminal message that this vote was all about saving greenbacks.

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