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Old 10-02-2008, 02:35 AM
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Exclamation Senate Passes $700B Rescue Bill

Looks like a done deal. So much for what the people want, or don't want in this case. God help us all.
Quote:
Senate passes $700B rescue; House votes lured

By JULIE HIRSCHFELD DAVIS and CHARLES BABINGTON
Associated Press Writers

WASHINGTON (AP) -- After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republicans opposition softened.

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.

In the final vote, 39 Democrats, 34 Republicans and independent Sen. Joe Lieberman of Connecticut voted "yes." Nine Democrats, 15 Republicans and independent Sen. Bernie Sanders of Vermont voted "no."

President Bush issued a statement praising the Senate's move. With the revisions, Bush said, "I believe members of both parties in the House can support this legislation. The American people expect and our economy demands that the House pass this good bill this week and send it to my desk."

The rescue package lets the government spend billions of dollars to buy bad mortgage-related securities and other devalued assets held by troubled financial institutions. If successful, advocates say, that would allow frozen credit to begin flowing again and prevent a deep recession.

News from the Associated Press - newsjournalonline.com
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Old 10-02-2008, 03:43 AM
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Bail out is prepared and I helped!!
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Old 10-02-2008, 05:38 AM
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Quote:
Originally Posted by Chosen1 View Post
Looks like a done deal. So much for what the people want, or don't want in this case. God help us all.
How much of it is PORK for Democrat operatives and projects not connected with the bailout?

Do OBAMA and Dodd get to keep the hundreds of thousands in campaign contributions from Fannie Mae?


The whole thing is wrong.. GOVERNMENT IS IN TROUBLE.
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Old 10-02-2008, 08:46 AM
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Quote:
Originally Posted by Chosen1 View Post
Looks like a done deal. So much for what the people want, or don't want in this case. God help us all.
Barbara Boxer told her Senate colleagues that out of 90,000-95,000 calls and e-mails she received from fellow Californicators, 85,000 of them were opposed to the bill. Yet the broad still voted for the damned thing!

Oh, does anyone here realize that there's a whole bunch of pork barrel spending and other unrelated things in that bill?
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Old 10-02-2008, 09:36 AM
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I told you.
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Old 10-02-2008, 11:43 AM
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Now the bill is over 400 pages: http://www.foxnews.com/projects/pdf/AY8C32_xml.pdf
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A panda walks into a cafe. He orders a sandwich, eats it, then draws a gun and fires two shots in the air.

"Why?" asks the confused waiter, as the panda makes toward the exit. The panda produces a badly punctuated wildlife manual and tosses it over his shoulder.

"I'm a panda," he says at the door. "Look it up."

The waiter turns to the relevant entry and, sure enough, finds an explanation.

"Panda. Large black-and-white bear-like mammal, native to China. Eats, shoots and leaves."

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Old 10-02-2008, 04:38 PM
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Didn't the House reject it, though?
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Old 10-02-2008, 04:49 PM
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Didn't the House reject it, though?
new senate bill
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Old 10-02-2008, 05:02 PM
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Ah.
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"Moreover, I am cognizant of the interrelatedness of all communities and states...Injustice anywhere is a threat to justice everywhere. We are caught in an inescapable network of mutuality, tied in a single garment of destiny. Whatever affects one directly, affects all indirectly. Never again can we afford to live with the narrow, provincial "outside agitator" idea. Anyone who lives inside the United States can never be considered an outsider anywhere within its bounds."



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Old 10-02-2008, 11:49 PM
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The amount of pork in this is a complete and udder embarrassment. So much for cutting earmarks and being the method of change....
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