The Bailout…

doesn’t look like it’s going to pass the House floor.

Update: It failed.

The vote was 207-226 against the measure, with one member not voting, half an hour after voting began. Voting remains open even though the “official” time has expired for casting a ballot.

There was broad bipartisan opposition to the measure, with 95 Democrats and 133 Republicans voting against the bill. Republicans voted more than 2-1 to oppose the bill.

Update 2x: The gavel hasn’t fallen yet and already 2 people have changed their vote to ‘yes’, possibly feeling pressure from the large losses in the DOW after the rejection. Supposedly the Dems are trying to get 4-10 R’s to switch their vote to ‘yes’ and then a huge number of Dem’s will change theirs to ‘yes’ as well. Similar to the strategy that the GOP had with NAFTA in the 90s of getting a good number of Democrats to vote for it to cover themselves politically against any populist blowback.

This entry was posted in Chris' Page, Domestic Politics, Economics and tagged , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>