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 ...
bttt
I am on top of it!!!..
We were the majority today.
www.fedupusa.org
There’s a lot of great material on that site you can copy/paste/print out to fax to every Rep and Senator.
Just SAY NO to the NO BANKER LEFT BEHIND bill
Keep up the heat
We were just discussing that.
The economy is all but cartwheeling down range, and they run off to celebrate a Holiday?
How about they stay gone, and let the bailout die for good.
Cantor and Tancredo? Say it ain’t so!
He blamed Obama for it not passing.
McCain is an idiot.
www.fedupusa.org
A group you should be aware of
94 Dems walked across the aisle.....they will walk back on the next vote.
Gutless Dems and GOPers with backbone, no surprise and a pleasant surprise. Constitution wins the battle, outcome of war unknown. I don’t like what is behind Door #1, I want to see what is behind Door #2 and Door #3. One thing is known tho, as a Catholic this earth will someday face Armageddon, this is not Armageddon. Will it be difficult, YES, but what does NOT kill us, makes us stronger.
Reconvene on Thursday? What happened to Tuesday and Wednesday?!
Looks like a lot of blue state Repubs voted for it. I counted 7 from CA alone and noticed several NY and a few other blue’s too. Take away all the blue’s and not many red state Repubs left.
Happen to have a link for that? Thanks.
They are off for the Jewish holidays.
Jewish holiday. (Pelosi and crew may need that time to get a fresh box of Depends...)
You forgot my congressman, Kevin Brady from TX. He voted for the bailout and will get a call from me tomorrow.
I'm not so sure. House RATS want to win their next election. Maybe that's why Pelosi NEEDED Republicans to 'join her' - eh?
Our side may need to find a few RATS that can switch to a "no" vote.
That means well over half voted against it.
I shall call my congressman tomorrow, thank him for voting yes today and encourage him to vote yes on a similar bill.
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