Bailout plan rejected - CNNMoney

[steve2470]

http://money.cnn.com/2008/09/29/news/economy/bailout/index.htm?cnn=yes

NEW YORK (CNNMoney.com) -- The fate of a controversial $700 billion financial bailout plan was in doubt Monday as a House vote turned against it.

The next steps were not immediately clear but supporters were scrambling to put it up for another vote.

What was supposed to be a 15-minute vote stretched past the half-hour mark as leadership scrambled for support. Investors who had been counting on the rescue plan sent the Dow Jones industrial average down as much as 700 points while watching the measure come up short of the necessary support, before rebounding slightly. The key stock reading was down more than 500 points.

The measure needs 218 votes for passage. Democrats voted 141 to 94 in favor of the plan, while Republicans voted 65 to 133 against. That left the measure with 206 votes for and 227 against.

more at link above

[closeupready]

1. Has the roll call/vote been published yet?

I want to see how my rep voted. THanks.

[David__77]

2. Thank you to the Democrats and Republicans who opposed this.

There are some who won't get swept up in the establishment's attempt to cement its hegemony. This bill does NOTHING to improve the economy.

[liberalmuse]

4. This bill as it was (watered down by the fucking 'pubs)...

shouldn't have passed. I thank John McCain for fucking up the negotiations, because HR 3997 was not what would have come forth if he had not interfered. We might have gotten something a bit more acceptable. Either way, I'm not happy it didn't pass, I'm apprehensive and angry as hell we are even in this position. This is the choice we've been given: 'Financial indenturment for you and your posterity, or complete global meltdown.' Goddamn these treasonous bastards! This is fucking shameful.

[busymom]

3. wow...offline a few hours and log back on to chaos.