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Posted on 09/29/2008 3:29:05 PM PDT by Libloather
House to Reconvene Thursday After Bailout Bill Fails
Stock Market Drops Nearly 800 Points
Last Edited: Monday, 29 Sep 2008, 3:49 PM MDT
By The Associated Press
WASHINGTON -- In a stunning vote that shocked the capital and worldwide markets, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive without it. The Dow Jones industrials plunged nearly 800 points, the most ever for a single day.
Democratic and Republican leaders alike pledged to try again, though the Democrats said GOP lawmakers needed to provide more votes. Bush huddled with his economic advisers about a next step. The House was to reconvene on Thursday instead of adjourning for the year as planned.
Stocks began falling even before the 228-205 vote to reject the bill was officially announced on the House floor. The 777-point decline for the day surpassed the 721-point previous record, on the day after the Sept. 11, 2001, terror attacks, though in percentage terms it was well short of the drops on Black Monday of October 1987 and at the start of the Depression.
**SNIP**
Said Boehner, after the vote: "Americans are angry, and so are my colleagues."
(Excerpt) Read more at myfoxcolorado.com ...
Now more than ever...Lets Roll!!!
And Pelosi will shove another bill down our throats.
777 - the number of perfection, thrice
And if it isn’t right, we will spit it back at her
“though the Democrats said GOP lawmakers needed to provide more votes”
Phooey! You already got more than 60 GOP votes. How about you get the extra votes from your own party?
Freddie Mac executives , Fannie Mae executives and Democrats can use their ill got gain to pay back the mortgage mess. Where is the special prosecutor for congress!
The Pubs who supported it:
Calvert R CA legislator Aye
Camp (MI) R MI legislator Aye
Campbell (CA) R CA legislator Aye
Cannon R UT legislator Aye
Cantor R VA legislator Aye
Castle R DE legislator Aye
Cole (OK) R OK legislator Aye
Crenshaw R FL legislator Aye
Cubin R WY legislator Aye
Davis, Tom R VA legislator Aye
Dreier R CA legislator Aye
Ehlers R MI legislator Aye
Emerson R MO legislator Aye
Everett R AL legislator Aye
Ferguson R NJ legislator Aye
Fossella R NY legislator Aye
Gilchrest R MD legislator Aye
Granger R TX legislator Aye
Herger R CA legislator Aye
Hobson R OH legislator Aye
Inglis (SC) R SC legislator Aye
King (NY) R NY legislator Aye
Kirk R IL legislator Aye
Kline (MN) R MN legislator Aye
LaHood R IL legislator Aye
Lewis (CA) R CA legislator Aye
Lewis (KY) R KY legislator Aye
Lungren, Daniel E. R CA legislator Aye
McCrery R LA legislator Aye
McHugh R NY legislator Aye
McKeon R CA legislator Aye
Miller, Gary R CA legislator Aye
Peterson (PA) R PA legislator Aye
Pickering R MS legislator Aye
Porter R NV legislator Aye
Pryce (OH) R OH legislator Aye
Putnam R FL legislator Aye
Radanovich R CA legislator Aye
Regula R OH legislator Aye
Reynolds R NY legislator Aye
Rogers (AL) R AL legislator Aye
Rogers (KY) R KY legislator Aye
Ryan (WI) R WI legislator Aye
Saxton R NJ legislator Aye
Sessions R TX legislator Aye
Shays R CT legislator Aye
Simpson R ID legislator Aye
Smith (TX) R TX legislator Aye
Souder R IN legislator Aye
Tancredo R CO legislator Aye
Upton R MI legislator Aye
Walden (OR) R OR legislator Aye
Walsh (NY) R NY legislator Aye
Weldon (FL) R FL legislator Aye
Wilson (NM) R NM legislator Aye
Wilson (SC) R SC legislator Aye
Wolf R VA legislator Aye
TANCREDO????
What was McCain’s official position on this bill and what is it now?
I wanna know who told these bozos they could take off! Who do they think they are working for anyway?
PATHETIC!!!!!
I am surprised Cantor voted YES.
Good luck with that ...being in the minority.
If this can wait until Thursday, how urgent is it really needed?
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Yeah, I don’t get it either.
I am curious as to why the entire Congress is shutting down for a Jewish Holiday?????????If this Bailout is so Damn important why aren’t these poeple working day and night to come up with a New Plan to Save the System????????????
Paulson should be in prison for attempting to hold America hostage.
Does this mean that Johnny Mac ain’t campaigning until at least Thursday? He really needs to get back out there.
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