The bailout passed 263-171. I’ll link to the roll call when it is posted.
Update [2008-10-3 14:22:19 by BooMan]: Roll Call
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BooMan
Martin Longman a contributing editor at the Washington Monthly. He is also the founder of Booman Tribune and Progress Pond. He has a degree in philosophy from Western Michigan University.
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http://www.google.com/search?q=263-171
Amazing what a little pork can do!
Amazing what a change in the narrative can do.
They were staunch defenders of the people’s money before the vote on Monday. By Tuesday they were a bunch of whiny brats who were playing politics with people’s lives and needed the grown-ups to step in and make them act responsibly.
The House GOP leadership’s decision to tell everyone that their members voted against the bill because Nancy Pelosi said some mean things about them certainly didn’t help them with that narrative shift either. Nor did the national GOP having ads ready to go blaming the Democrats for voting for the bailout package after it tanked.
This bill would have passed without the pork. The pork served two purposes – the first being that the Senate had been getting shot down by the House on a lot of this stuff all year and they realized they could get the House to eat it. The second being that it gave a few House members cover to change their votes once they realized that the narrative had stacked up against them and that suddenly voting against the unpopular package might actually be more unpopular than voting for it.
Its so hard to be a winger these days!
And the Down is off its gains. Now 112 down from 229
The real headline and the one to watch:
“Credit markets still tight after bailout approval”
How the credit markets get unclogged is the $62 trillion question.
They’ll be nationalized but it will have to wait for a new administrationl. Bush won’t/can’t even contemplate it. The question is whether or not this bailout bill has enough baling wire and duct tape to hold everything together until the inauguration. (If it’s McCain?…build yourself a bunker and stock it with whatever it takes you to get through the day)
“They’ll be nationalized but it will have to wait for a new administrationl. Bush won’t/can’t even contemplate it.”
It’ll be before January 20, 2009. This won’t wait.
It’s very serious. Very.
As the vultures who shilled for this bailout plan now circle to get a slice of the $700 blns, – which is hardly sufficient, – to address the core problem,
Emergency measures will be next.
because nothing the Feds do can help the crisis of confidence. Money has disappeared and Banks and the corporate sector have no capital. Ask some of the top corporate companies…working from day to day scrambling for cash to pay salaries, pensions and buy raw materials. Debt can’t be rolled off or over. The engine has seized.
http://clerk.house.gov/cgi-bin/vote.asp?year=2008&rollnumber=681
What is wrong with Herseth Sandlin? Chicken. Seriously. I might just have to call her office…or, would it be mean of me to yell at a pregnant lady? <eyeroll>
well, I hope it works.
Cus if it doesn’t i am going to mock all of its supporters forever. A number of people have told me how stupid and ignorant I am for not supporting something I believe to be a massive giveaway to the same people who got us into this mess, without the regulatory regime to prevent a future crash (and subsequent handout). Others suggested I have an irrational hatred of wall street and don’t own anything.
I do however appreciate the alternative energy tax cuts that have been written into this bill (i will appreciate them more if they make it out of conference) .
At the end of the day though I think Obama is going to have to break a number of promises about health care, infrastructure repair, etc. in order to rescue the asshats who destroyed our economy. Change (a large chunk of change, actually) that wall street may believe in, but which main street will come to regret IMO.
So hey for all our sakes let’s hope it works. And if it doesn’t… well i’ll be there to remind you again and again and again and again…
It doesn’t matter. I long ago gave up any hope that criminal incompetence will be punished. In American politics being wrong is evidently a virtue. The people that accurately predicted economic calamity were shut out of the discussion. We told the economist to shut the fuck up while we listen to criminals like Bush and Paulson. We let the people that spent a year lying to us, telling us everything was hunky dory, lead us in “fixin'” the economy.
America is stuck in a viscous cycle.
Even Obama and the Democrats are looking to Paulson and Bush to “fix” this economy.
This is one of the biggest injustices ever perpetrated on the American people.
I will never forgive the Democrats and Obama for this treason.
“vicious cycle”.
a “a viscous cycle” makes me think of a washing machine filled with 10W40.
Oops. My bad.
Makes me think of my religion teacher in Catholic high school teaching us about the rhythm method and “viscosity”.
They were supposed to bring 100, and they only brought 90.
What kind of assholes are in that party? They didn’t support their president, their Sec Commerce, their majority leader, their candidate.
What a bunch of turds.
Those voting nay were patriotic Americans that weren’t rushed by their party and the conventional wisdom into betraying America.
Good for those in any party that didn’t get frogmarched into this atrocity.
The true winners here:
Feingold
Kucinich
Bernie Sanders
Fazio
Here’s Bernie Sander’s take on this:
http://angrybear.blogspot.com/2008/10/let-rich-bail-them-out.html
These are the true American heroes today.
More Dems switched from no to yes than Republicans. So now it’s even more the case that a majority of Dems voted for but a Republican majority voted against this Republican bill.
And Nancy Pelosi thinks she is a great leader.
I thought this bill was supposed to make the stock markets go up?
Oh, right. That was just fearmongering to frogmarch us into a boondoggle.
Following Bush’s lead, Obama used fear to sell us rubes on Main Street a shit sandwich. They both put guns to our heads and said we had no choice but to pay off Wall Street or this sucker is gonna blow.
Well, this sucker is gonna blow alright. Thanks to Bush, Paulson, Obama, and the other criminals on Wall Street.
Hmm…As news of the bailout’s passage broke, the Dow plunged over 200 points in minutes. Not the reaction the bill’s promoters expected.
Why the Bailout Stinks
Once again, the Republicans threatened to veto a bill that they said it was tremendously urgent to pass, and the Democrats blinked.
Some Rep congressguy just said at least the bill has the tax cuts. I’d heard early on that the Senate version extended the Bush tax cuts, but then couldn’t find any other mentions of this. So does it or doesn’t it extend what are generally referred to as the Bush tax cuts? Or was the critter talking about the alternative minimum tax and the energy credits? Anybody know for sure?
the AMT, Alternative Minimum Tax. It’s not an extension of the Bush tax cute.
Whew. I’ll trust you’re right on this, so that’s a big load off my mind. The AMT is bad enough, but I don’t see anything to prevent the next Congress/administration from making changes. The Bush tax cuts would have been a huge problem, OTOH.
Anyway, we need a radical change in the tax system, so most of what’s in this bill is irrelevant to the real economic challenges. Now is the time when liberal/left economic solutions will get better acceptance than has been the case for generations. I wish we had a better vessel to carry them than the Democratic Party, but here’s hoping.