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Bailout Fails

After a series of often quite impassioned speeches on the House floor, the bailout bill just went to a vote, and has lost.

Leadership had hoped all week to get 100 yes votes from each side of the aisle. It looks like only 60+ Republicans will end up voting for; they are running 2-to-1 against. Democrats couldn't make up the whole difference.

Big question now, whether they can salvage something quickly for another try today; otherwise the effects will be swift and harsh -- the Dow is already plunging.

Update: The Democrats are holding open the voting (one member not casting a vote yet), desperately trying to get members to switch. They would need 11 to flip, I believe.

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3 Comments

  • tehsuxs said:

    How does the majority not pass this bill?

    Is this how the left gets things done?

    17% approval rating is right...watch out for the floor pelosi

    September 29, 2008 4:25 PM
  • LorenzoJennifer said:

    Lost and under-reported in the press:  last week, the Congress (on 9/23) and Bush more'n likely has already but quietly signed a $25 Billion bailout for the Detroit auto industry.  Did the Detroit auto makers put country first and ask for a delay on their bailout so that Congress could concentrate all the more on the mortgage meltdown and other financial failures?  Did De-e-e-e-troit put the country first? Well, of course!  Ya say ya wanna buy a green car?  Lemme show ya a sporty 4-cylinder hatchback right over here.  As you can see, it comes in a nice forest green.

    September 30, 2008 12:46 PM
  • amyfausset said:

    <object width="425" height="344"><param name="movie" value="www.youtube.com/.../sxBl9BXLom4&hl=en&fs=1"></param><param">www.youtube.com/.../param><param name="allowFullScreen" value="true"></param><param name="allowscriptaccess" value="always"></param><embed src="www.youtube.com/.../sxBl9BXLom4&hl=en&fs=1" type="application/x-shockwave-flash" allowscriptaccess="always" allowfullscreen="true" width="425" height="344"></embed></object>

    December 19, 2008 4:29 PM

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