Monday, September 29, 2008

My best guess is that this is a good thing, especially since Congress could change its mind in as soon as Thursday.
In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it...
More than two-thirds of Republicans and 40 percent of Democrats opposed the bill. In all, 65 Republicans joined 140 Democrats in voting "yes," while 133 Republicans and 95 Democrats voted "no."

2 Comments:

Anonymous Dave W. said...

Actually the 65 and 95 are reversed. I assume that was corrected in the linked story. I too am cautiously optimistic--though of course it will be painful in the short term. I'm somewhat amused at much of the partisan rhetoric that's going on, though--although the vote was certainly skewed, 40% of House Democrats voted against it....

9/30/2008 2:10 AM  
Blogger Dave Milovich said...

Thanks; I missed that. 'Tis fixed now.

9/30/2008 10:11 AM  

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