I’m Stunned
September 29th, 2008 by 
reality
The House rejected the bailout plan. Maybe there is hope for democracy, the wave of anger was so deep and wide that it was not ignored. However, they are leaving the vote “open” while the leadership intimidates the “nay” voters into changing their votes, so it is not yet a done deal.
“Hey,” the leadership is saying, “we ate pizza this weekend so we’d seem like just plain folks, you can’t ignore that kind of sacrifice.”
Posted in Government | 
September 29th, 2008 at 12:42 pm
One trade session without PPT assistance will be strong enough argument for those having doubts. I bet legislation will be accepted tomorrow with minimal cosmetic changes.
September 29th, 2008 at 12:44 pm
You’re probably right. But still, for one brief, shining moment…
September 29th, 2008 at 1:05 pm
I have to eat crow on my previous post. Democracy might work.
We need to get things in balance fast. Let the markets work. It’s like peeling off a band aid. Do it quick. Bad banks go under. Good banks thrive and new banks are created to replace the void. Same process as all other industries.
I wonder what the odds are of a rate cut tomorrow AM?
September 29th, 2008 at 6:43 pm
A lot of people have been calling, emailing, faxing, to oppose this bailout. I am one of them and I did not think it would be voted down. Good for the republicans. The dems will pay for this vote by losing most of the independents like me.
Unfortunately, I concur with Vytas that they will somehow push it through. Sigh….