First Bush goes on TV and tells Americans that if the bailout isn't passed, the economy and life as you know it is doomed. Then Nancy Pelosi goes on a partisan rant just before the vote, guaranteeing the bailout bill doesn't pass:
Megan McArdle and David Bernstein share their thoughts.
Here is a breakdown of how Representatives from across the country voted. The finally tally was 205 for, 208 against. Those whose seats are most vulnerable voted 'no'.