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Where Did the Republican Party Lose Its Way? · Episode 1
The Promise and the Roll Calls, 1981 to 2011
Watch the whole series · E2: The Bedroom, the Hospice and the Exam Room →
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October 3, 2008: the House passes a $700 billion rescue for Wall Street, 263–171, and Republican President George W. Bush signs it within hours. Look at the Clerk's tally, though. House Republicans voted 91 yea and 108 nay. How did the party of free markets and balanced budgets end up split over its own president's bank bailout?
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Episode 1 of Where Did the Republican Party Lose Its Way? goes back through the roll calls, starting in 1981: • Reagan's Economic Recovery Tax Act, which cut the top rate from 70% to 50%, was introduced by a Democrat, Dan Rostenkowski, and cleared the House 323–107. • The 1982 repair, the Tax Equity and Fiscal Responsibility Act, passed the House by just 19 votes. • The 1994 Contract with America promised an end to government "too big, too intrusive, and too easy with the public's money." • The 1995 balanced-budget amendment fell two votes short in the Senate. • The 2001 Bush tax cut passed despite a written warning about "pushing our country back into deficits."