October 1, 2008



Allard, Barrasso, Brownback, Bunning, Cantwell, Cochran, Crapo, DeMint, Dole, Dorgan, Enzi, Feingold, Inhofe, Johnson, Landrieu, Nelson (FL), Roberts, Sanders, Sessions, Shelby, Stabenow, Tester, Vitter, Wicker, Wyden

74-25 is the Final vote.

Senate bailout vote pressures House (Mark Silva, 10/01/08, The Swamp)

So it is the Senate that goes first with the bailout -- some call it rescue -- of the nation's bad-mortgage-clogged banking institutions, with a vote tonight of 74-25.

The Senate's strong and bipartisan approval of a $700-billion rescue of the nation's struggling financial institutions, frosted with added new sweeteners for bank depositors and taxpayers, should help revive this historic attempt at righting the American economy in a resistant House.

The Senate vote tonight, with many Republicans voting for the plan and some Democrats against it, set the stage for a new run this week -- probably Friday -- at winning House approval of a federal intervention in the economy unseen since the Great Depression. [...]

Rep. Rahm Emanuel (D-Ill.), the House Democratic Caucus chairman and a key negotiator on the package, said he expected the tax cuts and bank protections added to the bill would probably help it pass the House: "It's a guess,'' he said. "I think we'll learn a lot on Friday."

The greatest obstacle for leaders remains wooing just a few members of the party of the president who is pushing the plan. House Republicans voted two-to-one against the Bush administration's plan to authorize the Treasury to purchase as much as $700 billion in bad mortgage-related assets from banks and other financial institutions, in an attempt to avert a freeze in credit for consumers and businesses alike.

As God is my witness, there are people on the Right who think they're winning this fight.

Posted by Orrin Judd at October 1, 2008 8:08 PM
blog comments powered by Disqus