Senate passes $700B 'sweetened' rescue package

**Terri** · #1 10-01-2008, 10:34 PM

By JULIE HIRSCHFELD DAVIS and CHARLES BABINGTON
Associated Press
October 2, 2008

WASHINGTON (AP) -- 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.

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**Terri** · #2 10-01-2008, 10:47 PM

See how your senator voted.

**lpara** · #3 10-01-2008, 11:37 PM

I heard my senator today on a local radio talk show--he called in twice within an hour and said he was voting for it and then explained that it was a better deal--watching gretawire a vid of Brett Baer holding that 450 page bill really makes you wonder though.

I thought Laura Ingraham had a great 8 question synopsis of the whole thing. I'll try to find it since I got it in an email.

Cheesecake · #4 10-01-2008, 11:55 PM

Missouri Bond and McCaskill both voted for...........
They had lots of emails to the contrary, but they didn't listen to their constituants........

The FDIC increase should have been worked on years and years ago...it was way too low.

Diane Feinstein looked like she was going to cry with that last remark....did she say 90 thou emailed her against?

They must have known something we didn't know...(I know about the wooden arrows).

stormy · #5 10-02-2008, 12:07 AM

Some surprising Nay votes. I thought B. Sanders was allowed to put the part in there about 10% surtax on people making over 500K a year. And, he voted against it. Doesn't that seem wierd?

Of course, Landreaux is up for re-election, isn't she?

Surprisingly, both Tx. senators voted for it.

Seems like BO had more to say on this than anything that's ever happened in the senate--grandstanding?

Looks to me like he wouldn't want to draw that much attention to himself--knowing that people have to know his part in causing all this mess!! But, then maybe he's like Ifill and just has a convenient memory!!

**Charie** · #6 10-02-2008, 02:08 AM

Quote:

Looks to me like he wouldn't want to draw that much attention to himself--knowing that people have to know his part in causing all this mess!!

Stormy, most people have no idea that he was even involved in this.

Ya know what? I'd love to know how deeply Jamie Gorelick was involved. Every time there's a disaster happening her name pops up! Whassup with that?

stormy · #7 10-02-2008, 03:23 AM

I know Mark Levin told how much she got out of it--seems like it was about 26 Million. Is that deep enough for you?

I've seen the time $10 would look good to me--i guess I just don't think big enough.

Charie, I think they all know, they just don't want to acknowledge it--my gosh, it's been all over the internet and talked about on all the talk shows, They'd have to be blind/deaf and dumb not to know it!

I have a hard time believing a lot of those

sses are going to vote for him!

qrayjack · #8 10-02-2008, 04:17 AM

And why, cosmetic alterations to the bill aside, the different result in the House and Senate?

Quote:

All 435 House seats will be contested in the election on November 4, as opposed to 35 seats up for grabs in the Senate.

This is called serving America? This is called gross irresponsibility, cynical motivation and government by and for government.

An exception:

‘We Chose Panic,’ Senate’s Top GOP Banking Expert Declares as He Rips Bailout - By Terence P. Jeffrey, Editor-in-Chief

CNSNews.com) - The leading Republican on the Senate Banking Committee systematically shredded the $700-billion financial industry bailout bill in a speech delivered on the Senate floor last night shortly before the bill passed by a 75-24 vote.

Sen. Richard Shelby (R.-Ala.) concluded his indictment of the bill by telling Senate colleagues: “The choice we faced was between pursuing an informed response, or panic. I think we chose panic.”

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*We think so too, Senator. Thanks for saying it.

cltvcoyote · #9 10-02-2008, 10:59 AM

I just couldn't and still can't believe that all of our representatives voted against us. I sent letters, emails, and made phone calls and my two reps just went ahead and did what they did, without thinking of what I wanted, but of course I have as my Senator, Harry Reid...... so go figure.... however, I thought that Ensign would vote against it. Guess that is what a person gets for thinking.

MrJLDoug · #10 10-02-2008, 11:08 AM

...

How in the hell is adding another $100 Billion + in Pork to this bloated $ 700 B suppose to make this more attractive to conservative Republicans?

Quote:

There were worries, though, that the tax breaks would cause some conservative-leaning Democrats who voted for the rescue Monday to abandon it because it would swell the federal deficit.

What about the conservative- leaning Conservatives? This turkey wasn't big enough before so we throw in a lipstick wearing pig.