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By The Way, The Economic Rescue Bill Passed The Senate

By Justin Gardner | Related entries in Economy, Legislation

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, as did Obama’s running mate, Sen. Joe Biden of Delaware.

Count me in the “aye” category.

Now hopefully the House won’t screw this one up, but it’ll be interesting to see what the Republicans will do. Because something tells me that Dems will motivate enough of their members to vote for it, but Repubs will still resist.

We shall see…

This entry was posted on Wednesday, October 1st, 2008 and is filed under Economy, Legislation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “By The Way, The Economic Rescue Bill Passed The Senate”

gerryf Says:
October 2nd, 2008 at 7:33 am
I dunno, I was watching CNN this morning and John McCain made some pretty partisan comments about Democratic Party leadership.

If the Dems are anywhere as infantile as the Republicans they will probably all vote no.
Noc Says:
October 2nd, 2008 at 7:55 am
Here is a great interview by Warren Buffet.

“The american economy has gone into cadiac arrest and is lying on the floor. Paramedics should not sit there and debate whether to put the electrical pads an inch higher or lower. They shouldn’t tak ethis opportunity to criticize the patient for not getting regular checkups. They need to resuscitate the markets.”

“Paulson and Sheila Bair have done a great job”

http://www.charlierose.com/shows/2008/10/01/1/an-exclusive-conversation-with-warren-buffett

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