[IWE] First try at bailout fails in Congress
Thane Walkup
iwe@warhead.org.uk
Mon, 29 Sep 2008 11:39:29 -0700
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I like Brad DeLong's plan:
http://delong.typepad.com/sdj/2008/09/bring-congress.html
*Bring Congress Back into Session After the Election...*
...and go for the Swedish plan: nationalize the insolvent large financial
institutions: dare Bush to veto that after the election.
This Republican Party needs to be burned, razed to the ground, and the
furrows sown with salt...
On Mon, Sep 29, 2008 at 11:36 AM, Jay Mehaffey <jaym667@yahoo.com> wrote:
> http://money.cnn.com/2008/09/29/news/economy/bailout/index.htm?cnn=yes
> >The fate of the Bush administration's $700 billion financial bailout plan
> >was abruptly thrown in doubt Monday as a House vote turned
> >against the controversial measure.
> Lots of arm turning, but they still came up 13 votes short. The Dow Jones
> average
> dropped hard on the news. It's been down 200 or more all day, and is down
> 500
> right now.
>
> What happens now is an open question. More negotiation, but what the
> result will be is hard to say. Significant groups of both Democrats and
> Republicans don't like the bill, but there are a lot of opinions on why.
>
> Jay
>
>
>
--
If those who dance are fools, and those who watch are fools, I'd rather be a
dancing fool! - Old Japanese folk song
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<div dir="ltr">I like Brad DeLong's plan:<br><br><a href="http://delong.typepad.com/sdj/2008/09/bring-congress.html">http://delong.typepad.com/sdj/2008/09/bring-congress.html</a><br><br><div style="margin-left: 40px;">
<b>Bring Congress Back into Session After the Election...</b><br><br>...and go for the Swedish plan: nationalize the insolvent large financial institutions: dare Bush to veto that after the election.<br><br>This Republican Party needs to be burned, razed to the ground, and the furrows sown with salt...<br>
</div><br><br><div class="gmail_quote">On Mon, Sep 29, 2008 at 11:36 AM, Jay Mehaffey <span dir="ltr"><<a href="mailto:jaym667@yahoo.com">jaym667@yahoo.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="border-left: 1px solid rgb(204, 204, 204); margin: 0pt 0pt 0pt 0.8ex; padding-left: 1ex;">
<div><div style="font-family: times new roman,new york,times,serif; font-size: 12pt;"><div><a href="http://money.cnn.com/2008/09/29/news/economy/bailout/index.htm?cnn=yes" target="_blank">http://money.cnn.com/2008/09/29/news/economy/bailout/index.htm?cnn=yes</a><br>
>The fate of the Bush administration's $700 billion financial bailout
plan<br>>was abruptly thrown in doubt Monday as a House vote turned<br>>against
the controversial measure.<br>Lots of arm turning, but they still came up 13 votes short. The Dow Jones average<br>dropped hard on the news. It's been down 200 or more all day, and is down 500<br>right now.<br><br>What happens now is an open question. More negotiation, but what the<br>
result will be is hard to say. Significant groups of both Democrats and<br>Republicans don't like the bill, but there are a lot of opinions on why.<br><br>Jay<br><br></div></div><br>
</div></blockquote></div><br><br clear="all"><br>-- <br>If those who dance are fools, and those who watch are fools, I'd rather be a dancing fool! - Old Japanese folk song<br>
</div>
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