They Voted For You: The Bailout

U.S. Rep. Shelley Moore Capito, R-2nd, helped defeat the $700 billion bailout proposal meant to help Wall Street weather the latest financial crisis.

Reps. Alan Mollohan, D-1st, and Nick Rahall, D-3rd, voted for the "Emergency Economic Stabilization Act of 2008," which failed 205-228.

As President Bush had proposed the original bailout language and championed the bill's passage, "Monday's mind-numbing vote had been preceded by unusually aggressive White House lobbying," The Associated Press reports. "When the critical vote was tallied, too few members of the House were willing to support the unpopular measure with elections just five weeks away. Ample no votes came from both the Democratic and Republican sides of the aisle."

Update: The House Rules Committee offers both a summary and the full text of the failed measure.

Update II: Others with coverage include The Charleston Gazette, MetroNews and WOWK-TV.