On Monday, the U.S. House of Representatives rejected a $700 billion bailout of Wall Street corporations proposed by President Bush and Treasurer Paulson. The bailout failed in a vote of 205 to 228 despite support from Republican and Democratic party leaders. In a recent poll, “46 percent [of those surveyed] say they don't know enough about the bailout plan, while 38 percent oppose the bill.”
Here is how each member of Congress voted:
NY Times Interactive Roll Call
Here’s how the six major presidential candidates come down on the issue:
Chuck Baldwin (Constitution) – OPPOSED
Bob Barr (Libertarian) – OPPOSED
Cynthia McKinney (Green) – OPPOSED
John McCain (Republican) – SUPPORTS
Ralph Nader (Independent) – OPPOSED
Barack Obama (Democrat) – SUPPORTS
What do you think? Do you oppose or support a $700 billion taxpayer bailout of Wall Street companies? Why or why not?
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18 comments:
NO BAILOUT! Sarah Palin supports it too, so I certainlydon't: http://www.nbc.com/Saturday_Night_Live/video/clips/couric-palin-open/704042/
The government's reaction to this crisis was hasty to say the least (similar to their decision to invade the sovereign country of iraq). I'm glad it failed.
This issue is about rich people losing assets - lots of them. The poor won't get poorer because this deal didn't get done.
Then again, I'm not an economist, although I do read the magazine in airports from time to time.
Barack Obama has gotten $25 million so far from financial investment firms including Goldman Sachs, insurance companies and other corporate paymasters.
John McCain has actually gotten less, about $22.1 million.
See http://www.youtube.com/watch?v=l-1Jj6YPYkQ
And we wonder why McCain/Obama support the billionaire bailout.
It looks like there may be a vote in the Senate tomorrow on the Billionaire Bailout. Call your Senators today.
New York:
Chuck Schumer - (202) 224-6542
Hillary Clinton - (202) 224-4451
Or visit Congress.org to find your representatives.
"This issue is about rich people losing assets - lots of them. The poor won't get poorer because this deal didn't get done."
I'm not an economist either, but
failing banks => failing credit market => businesses can't get loans => massive unemployment => poor people get poorer
The plan sucked and should be redrawn to keep people in their houses and public money out of the pockets of CEOs. But the issue is decidedly not about rich people going broke, and I doubt Obama supports the bailout out of concern for the welfare of the rich.
The last time the government let banks implode en masse, it didn't work out so hot. I'm hoping the government avoids a repeat of 1929.
Nate
"I doubt Obama supports the bailout out of concern for the welfare of the rich."
I'm not so sure.
See "Barack Obama has gotten $25 million so far from financial investment firms including Goldman Sachs, insurance companies and other corporate paymasters." at 5:59 PM.
SARAH PALIN believes in the bailout:
http://www.cbsnews.com/stories/2008/09/25/eveningnews/main4479062.shtml
We really can't forget those people on Main Street, can we?
failing banks => failing credit market => businesses can't get loans => massive unemployment => poor people get poorer
Well put. I'm just pissed off and irrational.
Anonymous
:)
"SARAH PALIN believes in the bailout."
... and HITLER was a VEGETARIAN. Therefore, Dennis Kucinich (a noted vegetarian) supports the extermination of the Jews.
SARAH PALIN believes that Alaska's close proximity to Russia and Canada greatly enhance her foreign policy experience. SARAH PALIN believes that humans and dinosaurs coexisted 6,000 years ago. SARAH PALIN supports the abolition of sex education in schools. SARAH PALIN doesn't know about any other SCOTUS cases besides Roe v. Wade. At one time, SARAH PALIN wanted to build a bridge to no where.
SARAH PALIN supports the bailout. Supporting her means supporting everything else she stands for, too. Like SARAH PALIN, ADOLPH HITLER stood for much more than one trait; a psychopathic vegetarian but a psychopath all the same.
P.S. Also, this is not to suggest in any way that SARAH PALIN is a psychopath because of her love of hunting.
We are no economists, but the following email appeared in our in box and we don't know if it was suggesting an alternate to the bail out package or a way for wall street to start investing. either way, email below:
"from Mr. Hamilton (rano.rano@libero.it)
to
date Tue, Sep 30, 2008 at 7:31 PM
subject BUSINESS INVESTMENT
mailed-by libero.it
I am a foreign Investor, I want to invest in your country and I am writting to seek your assistance in starting a business investment in your country and execute a business plan that will benefit me and you. If you can assist me in investing my money in your country on a business investment you can manage please e-mail me with your telephone number so I can explain to you more better and give you further information. My E-mail is - frankhamiltons@msn.com"
LOLZ, BLAWG KITTEH.
Mr. Hamilton has approached others on blogspot, apparently, and this blogger included some entertaining commentary...
http://alyssalisays.blogspot.com/
----------------------
Wednesday, October 1, 2008
From "Mr. Hamilton"
OK, so I got this message in my inbox from a Mr. Hamilton, who wants me to invest in a business with him in my country. Aw, that is so sweet, but unfortunately, I am only 4 years old...bankers won't take me seriously. So I thought I'd share his message with you and break it down in case he writes you too (don't hold your breath, he seems adamant that he wants ME to invest).
Here's the message:
"I am a foreign Investor, I want to invest in your country and I am writting to seek your assistance in starting a business investment in your country and execute a business plan that will benefit me and you. If you can assist me in investing my money in your country on a business investment you can manage please e-mail me with your telephone number so I can explain to you more better and give you further information. My E-mail is - frankhamiltons@msn.com"
Here's the breakdown:
I am a foreign investor...Yes, and I am Barbie. Nice to meet you. But you should never preface any paragraph with those words. Two things wrong here: 1) you are foreign, so why would you ever want me to help you with an investment? You're FOREIGN. Before the Canadian cops ever get to you, they have to swim oceans and stuff. You'll be off with my allowance like a mad hatter. 2) you are an investor. Enough said.
I want to invest in your country...Yes, and I am equally happy that you want to invest in my country and I in yours and...GIVE ME A BREAK!! You don't want to invest in my country, you want to invest in my allowance. Ain't no way your getting my bubblegum money. Swim as many oceans as you want pal; and don't insult my country, there are lots of bubblegum chewers over here - you'd be seriously outnumbered. Why don't you invest in a real job or an honest living...that's the only way to pay for Hubba Bubba.
I am writting to seek your assistance in starting a business investment in your country...really, you should hear yourself. Did you read this before you clicked SEND? You can't even spell "writing"...you're probably younger than me for all I know! And where would I ever get enough capitol to help you start on our glorious adventure? It would never work anyway; I only invest in gum, Barbie dolls, and hair clips. Get over it.
...that will benefit me and you. Take the you, and, will, that, and benefit out of that sentence and what do you have left? That's right spammer, in case you can't follow process of elimination, it says YOU. YOU would take my bubblegum money and YOU wouldn't care. That's how pathetic this whole charade is...you'd take money from a 4 year old. What about my future? What about all the dresses I will need in life? What about my education as a lawyer so I can stop people trying to invest in nothing?
If you can assist me in investing my money in your country on a business investment you can manage...Holy cow, you are a hoser. You sound like dad trying to win an argument against mom. Sales pitch lesson from a 4 year old #1: make me believe you.
Please e-mail me with your telephone number so I can explain to you more better and give you further information. While I'm at it Frank, why don't I send you the whole phonebook? Would that help you Frank? I am here for you my brother from another mother. I would like to include my social insurance number, my diary, safety deposit box key, and my package of Hubba Bubba...just in case you lose the phone book. Hopefully that will make you realize just how committed I am to this venture. Frank, I won't let you down.
My E-mail is - frankhamiltons@msn.com. Yep, and mine is iamasuckertakeallmygummoney@totallyhereforyoufrank.com
Wierdo.
And for those of you who want a really heartfelt story about this girl's adoption from China including the travel logs from the amazing journey made by her Canadian foster family, continue your reading here: http://www.chrisandtammy.ca/
For a direct link to the travel log detailing Chris and Tammy's amazing journey to adopt three year-old Alyssa Li in China, view the link here: http://www.chrisandtammy.ca/travel.asp
This includes interview recordings with the Canadian Broadcasting Centre (CBC!). What an amazing story...http://www.chrisandtammy.ca/radio.asp
Who needs R.Kelly, when we have stories like this. It brought tears to my eyes! For a BONUS cry, check out _Nights at Rodanthe_.
While the bailout failed, look what the HOUSE and SENATE did pass this week...
http://thomas.loc.gov/cgi-bin/bdquery/z?d110:HR02638:@@@R
----------------------------
H.R.2638
Title: Making appropriations for the Department of Homeland Security for the fiscal year ending September 30, 2008, and for other purposes.
Sponsor: Rep Price, David E. [NC-4] (introduced 6/8/2007) Cosponsors (None)
Related Bills: H.RES.473, H.RES.1488
Latest Major Action: Became Public Law No: 110-329 [GPO: Text, PDF]
House Reports: 110-181
Note: On 9/23/2008, the House Rules Committee reported H.Res.1488 for consideration of the Senate amendment to H.R. 2638 - Consolidated Security, Disaster Assistance, and Continuing Appropriations Act, 2009. Division A provides continuing appropriations for all agencies and activities that would be covered by the regular fiscal year 2009 appropriations bills, until enactment of the applicable regular appropriations bill or until March 6, 2009, whichever occurs first. Emergency FY09 appropriations for LIHEAP and advanced technology vehicle manufacturing loans are also included. Division B provides $22.9 billion in emergency supplemental appropriations for relief and recovery from hurricanes, floods, and other natural disasters. Division C provides $487.7 billion in FY09 funding for the Department of Defense. Division D provides $40 billion in FY09 funding for the Department of Homeland Security. Division E provides $72.9 billion in FY09 funding for Military Construction and Veterans Affairs. See the text of House amendment and joint explanatory statement from the House Rules Committee.MAJOR ACTIONS: .MAJOR ACTIONS:
6/8/2007 Introduced in House
6/8/2007 The House Committee on Appropriations reported an original measure, H. Rept. 110-181, by Mr. Price (NC).
6/15/2007 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 268 - 150 (Roll no. 491).
7/26/2007 Passed/agreed to in Senate: Passed Senate with an amendment by Yea-Nay. 89 - 4. Record Vote Number: 282.
9/24/2008 Resolving differences -- House actions: On motion that the House agree with an amendment to the Agreed to by the Yeas and Nays: 370 - 58, 1 Present (Roll no. 632).
9/27/2008 Resolving differences -- Senate actions: Senate agreed to the House amendment to the Senate amendment to the bill by Yea-Nay. 78 - 12. Record Vote Number: 208.
9/27/2008 Cleared for White House.
9/29/2008 Presented to President.
9/30/2008 Signed by President.
9/30/2008 Became Public Law No: 110-329 [Text, PDF]
How did our Senate vote? Most noteworthy perhaps is Senator Elizabeth Dole of NC, who voted AGAINST the bailout -- and it's an re-election year for her. House vote schedule for Friday. Ted Kennedy was absent and did not vote, because he is battling cancer.
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http://gothamist.com/2008/10/01/senate_passes_modified_bailout_bill.php
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http://www.senate.gov/legislative/LIS/roll_call_lists/roll_call_vote_cfm.cfm?congress=110&session=2&vote=00213
----------------------------------
U.S. Senate Roll Call Votes 110th Congress - 2nd Session
as compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate
Vote Summary
Question: On Passage of the Bill (H. R. 1424 As Amended )
Vote Number: 213 Vote Date: October 1, 2008, 09:22 PM
Required For Majority: 1/2 Vote Result: Bill Passed
Measure Number: H.R. 1424 (Paul Wellstone Mental Health and Addiction Equity Act of 2007 )
Measure Title: A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.
Vote Counts: YEAs 74
NAYs 25
Not Voting 1
Vote Summary By Senator Name By Vote Position By Home State
Alphabetical by Senator Name
Akaka (D-HI), Yea
Alexander (R-TN), Yea
Allard (R-CO), Nay
Barrasso (R-WY), Nay
Baucus (D-MT), Yea
Bayh (D-IN), Yea
Bennett (R-UT), Yea
Biden (D-DE), Yea
Bingaman (D-NM), Yea
Bond (R-MO), Yea
Boxer (D-CA), Yea
Brown (D-OH), Yea
Brownback (R-KS), Nay
Bunning (R-KY), Nay
Burr (R-NC), Yea
Byrd (D-WV), Yea
Cantwell (D-WA), Nay
Cardin (D-MD), Yea
Carper (D-DE), Yea
Casey (D-PA), Yea
Chambliss (R-GA), Yea
Clinton (D-NY), Yea
Coburn (R-OK), Yea
Cochran (R-MS), Nay
Coleman (R-MN), Yea
Collins (R-ME), Yea
Conrad (D-ND), Yea
Corker (R-TN), Yea
Cornyn (R-TX), Yea
Craig (R-ID), Yea
Crapo (R-ID), Nay
DeMint (R-SC), Nay
Dodd (D-CT), Yea
Dole (R-NC), Nay
Domenici (R-NM), Yea
Dorgan (D-ND), Nay
Durbin (D-IL), Yea
Ensign (R-NV), Yea
Enzi (R-WY), Nay
Feingold (D-WI), Nay
Feinstein (D-CA), Yea
Graham (R-SC), Yea
Grassley (R-IA), Yea
Gregg (R-NH), Yea
Hagel (R-NE), Yea
Harkin (D-IA), Yea
Hatch (R-UT), Yea
Hutchison (R-TX), Yea
Inhofe (R-OK), Nay
Inouye (D-HI), Yea
Isakson (R-GA), Yea
Johnson (D-SD), Nay
Kennedy (D-MA), Not Voting
Kerry (D-MA), Yea
Klobuchar (D-MN), Yea
Kohl (D-WI), Yea
Kyl (R-AZ), Yea
Landrieu (D-LA), Nay
Lautenberg (D-NJ), Yea
Leahy (D-VT), Yea
Levin (D-MI), Yea
Lieberman (ID-CT), Yea
Lincoln (D-AR), Yea
Lugar (R-IN), Yea
Martinez (R-FL), Yea
McCain (R-AZ), Yea
McCaskill (D-MO), Yea
McConnell (R-KY), Yea
Menendez (D-NJ), Yea
Mikulski (D-MD), Yea
Murkowski (R-AK), Yea
Murray (D-WA), Yea
Nelson (D-FL), Nay
Nelson (D-NE), Yea
Obama (D-IL), Yea
Pryor (D-AR), Yea
Reed (D-RI), Yea
Reid (D-NV), Yea
Roberts (R-KS), Nay
Rockefeller (D-WV), Yea
Salazar (D-CO), Yea
Sanders (I-VT), Nay
Schumer (D-NY), Yea
Sessions (R-AL), Nay
Shelby (R-AL), Nay
Smith (R-OR), Yea
Snowe (R-ME), Yea
Specter (R-PA), Yea
Stabenow (D-MI), Nay
Stevens (R-AK), Yea
Sununu (R-NH), Yea
Tester (D-MT), Nay
Thune (R-SD), Yea
Vitter (R-LA), Nay
Voinovich (R-OH), Yea
Warner (R-VA), Yea
Webb (D-VA), Yea
Whitehouse (D-RI), Yea
Wicker (R-MS), Nay
Wyden (D-OR), Nay
Vote Summary By Senator Name By Vote Position By Home State
Grouped By Vote Position
YEAs ---74
Akaka (D-HI)
Alexander (R-TN)
Baucus (D-MT)
Bayh (D-IN)
Bennett (R-UT)
Biden (D-DE)
Bingaman (D-NM)
Bond (R-MO)
Boxer (D-CA)
Brown (D-OH)
Burr (R-NC)
Byrd (D-WV)
Cardin (D-MD)
Carper (D-DE)
Casey (D-PA)
Chambliss (R-GA)
Clinton (D-NY)
Coburn (R-OK)
Coleman (R-MN)
Collins (R-ME)
Conrad (D-ND)
Corker (R-TN)
Cornyn (R-TX)
Craig (R-ID)
Dodd (D-CT)
Domenici (R-NM)
Durbin (D-IL)
Ensign (R-NV)
Feinstein (D-CA)
Graham (R-SC)
Grassley (R-IA)
Gregg (R-NH)
Hagel (R-NE)
Harkin (D-IA)
Hatch (R-UT)
Hutchison (R-TX)
Inouye (D-HI)
Isakson (R-GA)
Kerry (D-MA)
Klobuchar (D-MN)
Kohl (D-WI)
Kyl (R-AZ)
Lautenberg (D-NJ)
Leahy (D-VT)
Levin (D-MI)
Lieberman (ID-CT)
Lincoln (D-AR)
Lugar (R-IN)
Martinez (R-FL)
McCain (R-AZ)
McCaskill (D-MO)
McConnell (R-KY)
Menendez (D-NJ)
Mikulski (D-MD)
Murkowski (R-AK)
Murray (D-WA)
Nelson (D-NE)
Obama (D-IL)
Pryor (D-AR)
Reed (D-RI)
Reid (D-NV)
Rockefeller (D-WV)
Salazar (D-CO)
Schumer (D-NY)
Smith (R-OR)
Snowe (R-ME)
Specter (R-PA)
Stevens (R-AK)
Sununu (R-NH)
Thune (R-SD)
Voinovich (R-OH)
Warner (R-VA)
Webb (D-VA)
Whitehouse (D-RI)
NAYs ---25
Allard (R-CO)
Barrasso (R-WY)
Brownback (R-KS)
Bunning (R-KY)
Cantwell (D-WA)
Cochran (R-MS)
Crapo (R-ID)
DeMint (R-SC)
Dole (R-NC)
Dorgan (D-ND)
Enzi (R-WY)
Feingold (D-WI)
Inhofe (R-OK)
Johnson (D-SD)
Landrieu (D-LA)
Nelson (D-FL)
Roberts (R-KS)
Sanders (I-VT)
Sessions (R-AL)
Shelby (R-AL)
Stabenow (D-MI)
Tester (D-MT)
Vitter (R-LA)
Wicker (R-MS)
Wyden (D-OR)
Not Voting - 1
Kennedy (D-MA)
Vote Summary By Senator Name By Vote Position By Home State
Grouped by Home State
Alabama: Sessions (R-AL), Nay Shelby (R-AL), Nay
Alaska: Murkowski (R-AK), Yea Stevens (R-AK), Yea
Arizona: Kyl (R-AZ), Yea McCain (R-AZ), Yea
Arkansas: Lincoln (D-AR), Yea Pryor (D-AR), Yea
California: Boxer (D-CA), Yea Feinstein (D-CA), Yea
Colorado: Allard (R-CO), Nay Salazar (D-CO), Yea
Connecticut: Dodd (D-CT), Yea Lieberman (ID-CT), Yea
Delaware: Biden (D-DE), Yea Carper (D-DE), Yea
Florida: Martinez (R-FL), Yea Nelson (D-FL), Nay
Georgia: Chambliss (R-GA), Yea Isakson (R-GA), Yea
Hawaii: Akaka (D-HI), Yea Inouye (D-HI), Yea
Idaho: Craig (R-ID), Yea Crapo (R-ID), Nay
Illinois: Durbin (D-IL), Yea Obama (D-IL), Yea
Indiana: Bayh (D-IN), Yea Lugar (R-IN), Yea
Iowa: Grassley (R-IA), Yea Harkin (D-IA), Yea
Kansas: Brownback (R-KS), Nay Roberts (R-KS), Nay
Kentucky: Bunning (R-KY), Nay McConnell (R-KY), Yea
Louisiana: Landrieu (D-LA), Nay Vitter (R-LA), Nay
Maine: Collins (R-ME), Yea Snowe (R-ME), Yea
Maryland: Cardin (D-MD), Yea Mikulski (D-MD), Yea
Massachusetts: Kennedy (D-MA), Not Voting Kerry (D-MA), Yea
Michigan: Levin (D-MI), Yea Stabenow (D-MI), Nay
Minnesota: Coleman (R-MN), Yea Klobuchar (D-MN), Yea
Mississippi: Cochran (R-MS), Nay Wicker (R-MS), Nay
Missouri: Bond (R-MO), Yea McCaskill (D-MO), Yea
Montana: Baucus (D-MT), Yea Tester (D-MT), Nay
Nebraska: Hagel (R-NE), Yea Nelson (D-NE), Yea
Nevada: Ensign (R-NV), Yea Reid (D-NV), Yea
New Hampshire: Gregg (R-NH), Yea Sununu (R-NH), Yea
New Jersey: Lautenberg (D-NJ), Yea Menendez (D-NJ), Yea
New Mexico: Bingaman (D-NM), Yea Domenici (R-NM), Yea
New York: Clinton (D-NY), Yea Schumer (D-NY), Yea
North Carolina: Burr (R-NC), Yea Dole (R-NC), Nay
North Dakota: Conrad (D-ND), Yea Dorgan (D-ND), Nay
Ohio: Brown (D-OH), Yea Voinovich (R-OH), Yea
Oklahoma: Coburn (R-OK), Yea Inhofe (R-OK), Nay
Oregon: Smith (R-OR), Yea Wyden (D-OR), Nay
Pennsylvania: Casey (D-PA), Yea Specter (R-PA), Yea
Rhode Island: Reed (D-RI), Yea Whitehouse (D-RI), Yea
South Carolina: DeMint (R-SC), Nay Graham (R-SC), Yea
South Dakota: Johnson (D-SD), Nay Thune (R-SD), Yea
Tennessee: Alexander (R-TN), Yea Corker (R-TN), Yea
Texas: Cornyn (R-TX), Yea Hutchison (R-TX), Yea
Utah: Bennett (R-UT), Yea Hatch (R-UT), Yea
Vermont: Leahy (D-VT), Yea Sanders (I-VT), Nay
Virginia: Warner (R-VA), Yea Webb (D-VA), Yea
Washington: Cantwell (D-WA), Nay Murray (D-WA), Yea
West Virginia: Byrd (D-WV), Yea Rockefeller (D-WV), Yea
Wisconsin: Feingold (D-WI), Nay Kohl (D-WI), Yea
Wyoming: Barrasso (R-WY), Nay Enzi (R-WY), Nay
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