Update: Here's how each representative voted on the bill, by state.
Update II: In a speech from the Rose Garden, President Bush noted the effect of the Bailout Bill will "take some time." He's expected to sign it this afternoon.
The US House has passed the new version of the financial Bailout Bill. In a vote of 263-171, with 91 Republicans voting "Yea" and 172 Democrats in favor, the changes in the bill put forward by the Senate combined with the news that the US job sector lost 159,000 jobs in the month of September lent a real sense of urgency to the vote. The bill needed a vote of 218 to pass, and it well surpassed that threshold.
What happens next? The bills will be reconciled with each other, both the Senate and House versions, and then it's sent to the president for his signature. It's unsure whether he will receive the bill today. President Bush is set to speak at 1:55 p.m. EST, and is expected to thank Congress for passing the bill. Are you as thankful? Was this the right move?
Alexander Wang
Tibi
Esprit
Socialism doesn't create growth.
1This is such a shame, but I was pretty sure it would happen. Oh well.
2Necessary evil really...
3Well, I hope it works.
4I hope it works - but I question the ideologic integrity of members who voted no on Monday, but came around after the measure was sweetened with tax breaks.
5booooooooooooo
6You can call it a rescue...just "DON'T CALL IT A COMEBACK"
7I'm glad this was passed. But stephley I agree with you about the point you raise re:idealogic integrity of some of the members.
8Bad idea altogether. I'm disappointed that John McCain voted for it. I'm disappointed that the same people that got us in this mess are now taking credit for this fiasco/bailout, like they have accomplished something positive for this country. This bailout is not a good thing. Its opening the floodgates because we the taxpayers are now going to be expected to bailout any other financial crisis that we may have in the future. If we did it once, we'll do it again. And again. And again.
9i'm still on the fence about this one. i think that in order to reassure the american people, it needed to pass, but i think that we still need to think long and hard about the implications that WE'LL feel as a result. i was watching the vote while i was at the gym and the speakers were talking about how there was just a minute left and over 1/3 of the senators didn't cast their vote. it was clear that this vote was much different than the last one, but i think that there were quite a few people who weren't willing to take sides until the last moment. this is one of the key pieces of legislation and well, think about elections in years to come. candidates always talk about how people voted on past issues, and to not cast a vote on this one, you're biting yourself in the butt.
10Not a surprise, considering the biggest news of the day was 159K jobs lost in September. We're getting closer and closer to a million for the year at the pace we're going. I dislike the Bailout, but I understand it. Let's hope it works and whoever is the next President will lead us back to prosperity.
11"I hope it works - but I question the ideologic integrity of members who voted no on Monday, but came around after the measure was sweetened with tax breaks."
12This will provide a momentary feeling of relief, and then the economy will crash even harder (i wonder what the bailout plan will look like then?!?)
13"i think that in order to reassure the american people, it needed to pass" Well it's passed and I am not reassured at all. Hey, we f*^#$ed around with your money, give us some more of it so you can get us out of this mess and all will be well again, bulls&*%.
14I don't know if we call it a "rescue" but the VP canidates sure did last night.
This is one of those small round bandaids for a ghapping wound. Even economist say if this is better than nothing..... this was merely prevent the economy from going into a nose dive, it's really not going to do much to boost the economy and has little to no incentives for the American people like many people wanted. I wished that Obama and McCain made these type of issue clear to the American people that they didn't like this plan and it was better than nothing..honesty would have been refreshing. The fact that the only way it got passed is because of the additon of some insane earmarks is what really makes me mad...we don't have money for that b.s.!
15Revised ( absent of the typos and readable ahahaha)
I don't know if we call it a "rescue" but the VP canidates sure did last night.
This is one of those small round bandaids for a gaping wound. Even economist say this is better than nothing..... this was merely prevent the economy from going into a nose dive, it's really not going to do much to boost the economy and has little to no incentives and protection for the American people like many people wanted. I wished that Obama and McCain made these type of issue clear to the American people that they didn't like this plan and it was better than nothing..honesty would have been refreshing. The fact that the only way it got passed is because of the additon of some insane earmarks is what really makes me mad...we don't have money for that b.s.!
16I agree Piper! I will be checking to see how my representatives in my state voted for it...
17You can tell this is taking a toll on Boehner. He is not nearly as tan as usual.
18(That was probably funnier to me than to any one else because a few friends and I have an ongoing joke about how tan he is.)
19I totally agree with Piper and others, this has opened the floodgates and not in a good way. It's a sad commentary on our country when it takes 700 billion dollars to shore up the economy as a temporary fix.
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