Posted on 09/30/2008 6:19:17 PM PDT by goldstategop
Hill sources buzzing. A Senate bailout vote is scheduled tomorrow at 9pm Eastern.
No bill details seen yet.
How it will go down…There will be up to 6 roll call votes on the following items:
(1)Motion to concur on the House message, H.R. 2095, Rail Safety; (2)a Dorgan amendment relating to H.R. 7081, the U.S. - India Nuclear agreement; (3)a Bingaman amendment relating to H.R. 7081, the U.S. - India Nuclear agreement; (4)passage of H.R. 7081, the U.S. - India Nuclear agreement; (5)a Dodd amendment to H.R. 1424, relating to the bailout package; and (6)passage of H.R. 1424, the bailout.
Get your fingers dialing:
202-224-3121.
More details:
The structure is this:
The Senate will call up H.R. 1424, the text of which will be substituted with the economic rescue plan (a Dodd amendment which must have the consent of both the Majority and Minority Leaders). The only other amendment in order will be a Sanders amendment that will be handled by a voice vote.
The bill will be subject to a 60-vote threshold for passage.
UPDATE II: House Republicans are saying the Senate vote tomorrow is the work of bicameral, bipartisan negotiations.
From a House GOP Leadership aide: “The Senate moving forward tomorrow with the economic stability package gets us one step closer to the bill becoming law – and that is a good thing. The decision is a product of bipartisan-bicameral discussions and we believe that changes to the bill will help us garner more support from House Republicans and smooth the bill to passage.”
Where’s the bill?
And…Dodd?! Dodd!!!???
Still more trickling in:
Senate leaders have scheduled a vote for Wednesday on the $700 billion Wall Street rescue plan rejected by the House.
Majority Leader Harry Reid and GOP Leader Mitch McConnell say, however, that they’re going to add a tax cut package already rejected by the House on Monday.
The bipartisan move caps a day of behind-the-scenes maneuvering on Capitol Hill over what sweeteners to add to the bill to attract votes from House Republicans.
Reid and McConnell’s move may prove popular with Republicans, but it risks a showdown with House leaders insisting that a popular measure extending certain business tax breaks be financed by tax increases elsewhere in the code.
The Senate plan would also raise federal deposit insurance limits to $250,000 from $100,000.
“Sweeteners?”
Translation: Earmarks to buy votes.
Isn’t that against House rules?
***
McConnell is toast.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Ohhh, this really p*sses me off big time.
$100,000 to $250,000...
Sounds like bait.
What about ACORN and other liberal groups? Do they still get money?
Either way, NO to bailout!!!!! NO to socialism!!!
Cronyism. Really bad legislation gets rammed through in the middle of the night. This is how the big boys get what they want, they go tell their millionaire lapdogs in the Senate to get with the program. The power elite will get their way come hell or high water. The public has their work cut out for them.
Why can’t they run with the Defazio/Kaptur “No Bailout” plan, it is far more reasonable as far as not sticking it to the taxpayer to save Paulson’s buddies?
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
Pinging all Newt toads. Can't wait to hear what his Monday morning quarterbacking has to say about this.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
They have set 9:PM vote, to likely be concluded much later, to shorten the news cycle on it before the House returns and they - Paulson-Bush-Pelosi push for simple up or down vote on the Senate Plan, with no debate - what you want to bet?
The are also trying to be sure less time is left for people to see if “turmoil” is really evident or not due to the previous failure.
Is the rush financial or political?
If it originates in the Senate, my understanding was that it can’t spend money, because revenue-related bills have to originate in the House. Are they saying that the bill can originate in the Senate because they are just borrowing it?
I emailed McCain and said I would not vote for him if he votes for this. I will just skip voting for president. How is he any different than Nobama if he wants this boondoggle?
I just emailed one of my senators and emailed the other one day before yesterday. I am sick of them ignoring the wishes of those they were sent t represent. Term limits, term limits, term limits!!!
I’ve e-mailed one of my senators, but the other senator, Debbie Stabenow of Michigan’s computer is down. I’ll bet the mailbox is full. Contact your senators so they all have full mailboxes when they get in on Wed. morning, the day of the vote. (both voice-mails are full, btw). Steve Wynn is on Hannity & Turtlehead right now speaking out on why the bailout should not go through.
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
I thought all money bills had to originate in the House..not the Senate??
"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus
This bill will be totally amended as step one in the Senate. Same bill, completely different language.
It ought to work.
I’m in Houston, so I can’t realistically get there to protest, but if I could, I certainly as hell would! I’d try to get in the chambers, shout these arrogant miscreants down!
Damn them! T-E-A P-A-R-T-Y!!!
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