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Senate passes bailoutPlan to buy $700B in troubled assets wins OK. Backers hope add-ons will yield more yes-votes in House.By Jeanne Sahadi, CNNMoney.com senior writerLast Updated: October 1, 2008: 9:56 PM ETNEW YORK (CNNMoney.com) -- The Senate on Wednesday night passed a sweeping and controversial financial bailout similar in key ways to one rejected by the House just two days earlier.The measure was passed by a vote of 74 to 25 after more than three hours of floor debate in the Senate. Both presidential candidates, Sens. Barack Obama, D-Illinois, and John McCain, R-Arizona, voted in favor.Like the bill the House rejected, the core of the Senate bill is the Bush administration's plan to buy up to $700 billion of troubled assets from financial institutions.Those assets, mostly mortgage-related, have caused a crisis of confidence in the credit markets. A major aim of the plan is to free up banks to start lending again once their balance sheets are cleared of toxic holdings.But the Senate legislation also includes a number of new provisions aimed at Main Street.-snip-
Welcome to the slippery slope.
Quote from: RightCoast on October 01, 2008, 09:04:05 PMWelcome to the slippery slope.Actually, were probably somewhere near half way down it now.
Quote from: Duke Nukum on October 01, 2008, 09:06:04 PMQuote from: RightCoast on October 01, 2008, 09:04:05 PMWelcome to the slippery slope.Actually, were probably somewhere near half way down it now.I was trying to make myself feel better, right now we're just 1 election from the punji sticks at the bottom.
Well I'm betting the house will dump this faster then a bag of shit on fire on your front porch.
Bailout passes Senate, House foes softenBy JULIE HIRSCHFELD DAVIS and CHARLES BABINGTONAssociated Press WritersWASHINGTON -- After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republicans opposition softened.Senators loaded the economic rescue bill with tax breaks and other sweeteners before passing it by a wide margin, 74-25, a month before the presidential and congressional elections.In the House, leaders were working feverishly to convert enough opponents of the bill to push it through by Friday, just days after lawmakers there stunningly rejected an earlier version and sent markets plunging around the globe.The measure didn't cause the same uproar in the Senate, where both parties' presidential candidates, Republican John McCain and Democrat Barack Obama, made rare appearances to cast "aye" votes, as did Obama's running mate, Sen. Joe Biden of Delaware.In the final vote, 40 Democrats, 33 Republicans and independent Sen. Joe Lieberman of Connecticut voted "yes." Nine Democrats, 15 Republicans and independent Sen. Bernie Sanders of Vermont voted "no."President Bush issued a statement praising the Senate's move. With the revisions, Bush said, "I believe members of both parties in the House can support this legislation. The American people expect and our economy demands that the House pass this good bill this week and send it to my desk."-snip-
There is only one thing these politicians will understand....VOTE them out of office! I wish McCain would have stood strong on this one and voted against this Bail Out, but he didn't. That being said, he is still the best choice for President.
Quote from: Airwolf on October 01, 2008, 09:25:24 PMWell I'm betting the house will dump this faster then a bag of shit on fire on your front porch.It will fly through the house -- trust me, my political sense is dead on this time.
House limits constituent emails to prevent crash - http://thehill.com/leading-the-news/house-limits-constituent-e-mails-to-prevent-crash-2008-09-30.html
Grouped by Home StateAlabama: Sessions (R-AL), Nay Shelby (R-AL), Nay Alaska: Murkowski (R-AK), Yea Stevens (R-AK), Yea Arizona: Kyl (R-AZ), Yea McCain (R-AZ), Yea Arkansas: Lincoln (D-AR), Yea Pryor (D-AR), Yea California: Boxer (D-CA), Yea Feinstein (D-CA), Yea Colorado: Allard (R-CO), Nay Salazar (D-CO), Yea Connecticut: Dodd (D-CT), Yea Lieberman (ID-CT), Yea Delaware: Biden (D-DE), Yea Carper (D-DE), Yea Florida: Martinez (R-FL), Yea Nelson (D-FL), Nay Georgia: Chambliss (R-GA), Yea Isakson (R-GA), Yea Hawaii: Akaka (D-HI), Yea Inouye (D-HI), Yea Idaho: Craig (R-ID), Yea Crapo (R-ID), Nay Illinois: Durbin (D-IL), Yea Obama (D-IL), Yea Indiana: Bayh (D-IN), Yea Lugar (R-IN), Yea Iowa: Grassley (R-IA), Yea Harkin (D-IA), Yea Kansas: Brownback (R-KS), Nay Roberts (R-KS), Nay Kentucky: Bunning (R-KY), Nay McConnell (R-KY), Yea Louisiana: Landrieu (D-LA), Nay Vitter (R-LA), Nay Maine: Collins (R-ME), Yea Snowe (R-ME), Yea Maryland: Cardin (D-MD), Yea Mikulski (D-MD), Yea Massachusetts: Kennedy (D-MA), Not Voting Kerry (D-MA), Yea Michigan: Levin (D-MI), Yea Stabenow (D-MI), Nay Minnesota: Coleman (R-MN), Yea Klobuchar (D-MN), Yea Mississippi: Cochran (R-MS), Nay Wicker (R-MS), Nay Missouri: Bond (R-MO), Yea McCaskill (D-MO), Yea Montana: Baucus (D-MT), Yea Tester (D-MT), Nay Nebraska: Hagel (R-NE), Yea Nelson (D-NE), Yea Nevada: Ensign (R-NV), Yea Reid (D-NV), Yea New Hampshire: Gregg (R-NH), Yea Sununu (R-NH), Yea New Jersey: Lautenberg (D-NJ), Yea Menendez (D-NJ), Yea New Mexico: Bingaman (D-NM), Yea Domenici (R-NM), Yea New York: Clinton (D-NY), Yea Schumer (D-NY), Yea North Carolina: Burr (R-NC), Yea Dole (R-NC), Nay North Dakota: Conrad (D-ND), Yea Dorgan (D-ND), Nay Ohio: Brown (D-OH), Yea Voinovich (R-OH), Yea Oklahoma: Coburn (R-OK), Yea Inhofe (R-OK), Nay Oregon: Smith (R-OR), Yea Wyden (D-OR), Nay Pennsylvania: Casey (D-PA), Yea Specter (R-PA), Yea Rhode Island: Reed (D-RI), Yea Whitehouse (D-RI), Yea South Carolina: DeMint (R-SC), Nay Graham (R-SC), Yea South Dakota: Johnson (D-SD), Nay Thune (R-SD), Yea Tennessee: Alexander (R-TN), Yea Corker (R-TN), Yea Texas: Cornyn (R-TX), Yea Hutchison (R-TX), Yea Utah: Bennett (R-UT), Yea Hatch (R-UT), Yea Vermont: Leahy (D-VT), Yea Sanders (I-VT), Nay Virginia: Warner (R-VA), Yea Webb (D-VA), Yea Washington: Cantwell (D-WA), Nay Murray (D-WA), Yea West Virginia: Byrd (D-WV), Yea Rockefeller (D-WV), Yea Wisconsin: Feingold (D-WI), Nay Kohl (D-WI), Yea Wyoming: Barrasso (R-WY), Nay Enzi (R-WY), Nay
Quote from: EaglesWings on October 01, 2008, 11:12:19 PMThere is only one thing these politicians will understand....VOTE them out of office! I wish McCain would have stood strong on this one and voted against this Bail Out, but he didn't. That being said, he is still the best choice for President. Not really. But he is the best choice between him and Obama.
