Monday, September 29, 2008

Whoops! Bailout Fails in House

Updated: The dem/rep numbers are no longer accurate and the final tally is 205 Yay,228 Nay

The closeness of the bailout vote tells you how contentious this is.

The vote was 200 yay 224 nay. Dems: 136Yea 94 nay. Rep: 65 yea 130 nay.

Not going to happen today that is obvious. Can't say whether I am relieved or upset. Looks like the DOW is taking it hard and currently is down over 700 points in just a few minutes. Ouch!

Got to be another way to go about this like nationalization or whatever. I think the giveaway is just too much for many to swallow and I don't blame them.

There is no doubt that something has to be done but I think jiggering the Bush/Paulson plan was not it. New sheet of paper and start over.

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