97 of the No votes are Democrats. Congress needs 13 votes to pass. Below is the speech Nancy Pelosi made. Following it is information on how to Impeach the Speaker of the House.
Nancy Pelosi’s Speech
SPEAKER PELOSI: Madam Speaker, when was the last time someone asked you for $700 billion?
It is a number that is staggering, but tells us only the costs of the Bush Administration’s failed economic policies-policies built on budgetary recklessness, on an anything goes mentality, with no regulation, no supervision, and no discipline in the system.
Democrats believe in the free market, which can and does create jobs, wealth, and capital, but left to its own devices it has created chaos.
That chaos is the dismal picture painted by Treasury Secretary Paulson and Federal Reserve Chairman Bernanke a week and a half ago in the Capitol. As they pointed out, we confront a crisis of historic magnitude that has the ability to do serious injury not simply to our economy, but to the American people: not just to Wall Street, but to everyday Americans on Main Street.
It is our responsibility today, to help avert that catastrophic outcome.
Let us be clear: This is a crisis caused on Wall Street. But it is a crisis that reaches to Main Street in every city and town of the United States.
It is a crisis that freezes credit, causes families to lose their homes, cripples small businesses, and makes it harder to find jobs.
It is a crisis that never had to happen. It is now the duty of every Member of this body to recognize that the failure to act responsibly, with full protections for the American taxpayer, would compound the damage already done to the financial security of millions of American families.
Over the past several days, we have worked with our Republican colleagues to fashion an alternative to the original plan of the Bush Administration.
I must recognize the outstanding leadership provided by Chairman Barney Frank, whose enormous intellectual and strategic abilities have never before been so urgently needed, or so widely admired.
I also want to recognize Rahm Emanuel, who combined his deep knowledge of financial institutions with his pragmatic policy experience, to resolve key disagreements.
Secretary Paulson deserves credit for working day and night to help reach an agreement and for his flexibility in negotiating changes to his original proposal.
Democrats insisted that legislation responding to this crisis must protect the American people and Main Street from the meltdown on Wall Street.
The American people did not decide to dangerously weaken our regulatory and oversight policies. They did not make unwise and risky financial deals. They did not jeopardize the economic security of the nation. And they must not pay the cost of this emergency recovery and stabilization bill.
So we insisted that this bill contain several key provisions:
This legislation must contain independent and ongoing oversight to ensure that the recovery program is managed with full transparency and strict accountability.
The legislation must do everything possible to allow as many people to stay in their homes rather than face foreclosure.
The corporate CEOs whose companies will benefit from the public’s participation in this recovery must not benefit by exorbitant salaries and golden parachute retirement bonuses.
Our message to Wall Street is this: the party is over. The era of golden parachutes for high-flying Wall Street operators is over. No longer will the U.S. taxpayer bailout the recklessness of Wall Street.
The taxpayers who bear the risk in this recovery must share in the upside as the economy recovers.
And should this program not pay for itself, the financial institutions that benefited, not the taxpayers, must bear responsibility for making up the difference.
These were the Democratic demands to safeguard the American taxpayer, to help the economy recover, and to impose tough accountability as a central component of this recovery effort.
This legislation is not the end of congressional activity on this crisis. Over the course of the next few weeks, we will continue to hold investigative and oversight hearings to find out how the crisis developed, where mistakes were made, and how the recovery must be managed to protect the middle class and the American taxpayer.
With passage of this legislation today, we can begin the difficult job of turning our economy around, of helping those who depend on a growing economy and stable financial institutions for a secure retirement, for the education of their children, for jobs and small business credit.
Today we must act for those Americans, for Main Street, and we must act now, with the bipartisan spirit of cooperation which allowed us to fashion this legislation.
This not enough. We are also working to restore our nation’s economic strength by passing a new economic recovery stimulus package- a robust, job creating bill-that will help Americans struggling with high prices, get our economy back on track, and renew the American Dream.
Today, we will act to avert this crisis, but informed by our experience of the past eight years with the failed economic leadership that has left us left capable of meeting the challenges of the future.
We choose a different path. In the new year, with a new Congress and a new president, we will break free with a failed past and take America in a New Direction to a better future.
How to Impeach the Speaker of the House
Contact your Representatives and let them know that we are demanding the removal of the obstacles of democracy:
They Must Remove Nancy Pelosi as Speaker of the House immediately!
It is within their power, and it is within our RIGHTS to do so.
The Process to remove a seated Speaker of the House during session.
“It is well-settled that the U.S. Speaker may be removed from office by a resolution presenting a question of privilege declaring the office of Speaker vacant. 6 Cannon § 35.” CoxNewsweb here.
According to the 110th Congress House Rules Manual – House Document No. 109-157 From the U.S. Government Printing Office Online Database [DOCID:hruletx-66] [Page 410-428] ;
Rule IX : The Question of Privilege (emphasis added):
1. NOTE: Sec. 698. Definition of questions of privilege.
Questions of privilege shall be, first, those affecting the rights of the House collectively, its safety, dignity, and the integrity of its proceedings; and second, those affecting the rights, reputation, and conduct of Members, Delegates, or the Resident Commissioner, individually, in their representative capacity only.
2. (a)(1) A resolution .NOTE: Sec. 699. Precedence of questions of privilege.
Reported as a question of the privileges of the House, or offered from the floor by the Majority Leader or the Minority Leader as a question of the privileges of the House, or offered as privileged under clause 1, section 7, article I of the Constitution, shall have precedence of all other questions except motions to adjourn. A resolution offered from the floor by a Member, Delegate, or Resident Commissioner other than the Majority Leader or the Minority Leader as a question of the privileges of the House shall have precedence of all other questions except motions to adjourn only at a time or place, designated by the Speaker, in the legislative schedule within two legislative days after the day on which the proponent announces to the House his intention to offer the resolution and the form of the resolution.
3. NOTE: Sec. 701. Questions relating to organization.
Privileges of the House include questions relating to its organization (I, 22-24,
189, 212, 290), and the title of its Members to their seats (III, 2579-2587), which may be raised as questions of the privileges of the House even though the subject has been previously referred to committee (I, 742; III, 2584; VIII, 2307). Such resolutions includethose: (1) to declare prima facie right to a seat, or to declare a vacancy, where the House has referred the questions of prima facie and final rights to an elections committee for investigation
A resolution electing a House officer is presented as a question of the privileges of the House (July 31, 1997, p. 17021; Feb. 6, 2007, p. —-). A resolution declaring vacant the Office of the Speaker is presented as a matter of high constitutional privilege (VI, 35). For further discussion with respect to the organization of the House and the title of its Members to seats, see Sec. Sec. 18-30, 46-51, 56, and 58-60, supra.
4. NOTE: Sec. 702. Questions relating to constitutional prerogatives.
”Privileges of the House, as distinguished from that of the individual Member, include questions relating to its constitutional prerogatives…”
“The constitutional prerogatives of the House also include its function with respect to: (1) impeachment and matters incidental thereto…”
In short, the rules of the US House of Representative for the 110th Congress provides for the removal of a seated Speaker, during session, for the purposes of preserving the “dignity, and the integrity of its proceedings” under the constitutional prerogative of its function with respect to impeachment. Any member of the House can bring forth a resolution presenting a question of privilege to declare the Speakership vacant based on this provision.
This can be done and MUST be done to reclaim the integrity of the Congress and to hold this Administration accountable to the rule of law!