December 22, 2008

HOW TO BLOW AN ELECTION IN ONE EASY VOTE:

2008 Key Votes: Financial Rescues And Pivotal Roll Calls (Caitlin Hendel, 12/22/08, CQ)

Not since the vote in December 1998 to impeach President Bill Clinton has a roll call in Congress drawn as much attention as the initial House rejection this year of President Bush’s plan to save the nation’s credit industry. From traders on Wall Street to bankers on Main Street, as well as in Europe and Asia, the world watched House vote 674 with the same intensity usually reserved for celebrity deaths, World Cup finals or highway car chases. You can even find video of it on YouTube.

After the vote was gaveled to a close at 205-228, the Dow Jones Industrial Average plummeted, losing the most points in one day in its 112-year history.


With the whole world watching the House GOP demonstrated just how out of touch they were.

Posted by Orrin Judd at December 22, 2008 8:34 AM
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