The U.S. House of Representatives defeated the $700,000,000,000 “economic bailout” yesterday. Which means congress finally listened to the People! The people have been aginst this from the beginning, including almost everyone I’ve talked to. The bill was not quite sure where all the money would go…
Also, all the money was in the hands of one man. The Secretary of the Treasury who was by the wording of the bill required to make sure he assured the economic well being of the Citizens of the United States. Well, I don’t remember that being in the Constitution. I know we are to promote but not assure.
Well anyway. The bill was defeated. So they get to rework it. This is not something that needs rushed. It’s more important that this needs to be done correctly then quickly.
So here’s the vote.
Total: Aye: 205 Nay: 228 No Vote: 1
Democrats: Aye: 140 Nay: 95 No Vote: 0
Republicans: Aye: 65 Nay: 133 No Vote: 1
I just wanted to mention here, they only needed 12 more votes to pass it. They could have gotten that from Democrats alone. If you favor this bill (which I do not) you should be blaming Democrats. They could have, and if they really believed in the bill, should have forced it though. This shows even Democrats who were pushing for the bill the most don’t believe in it…. Just to note also, those 95 Democrats are on financial committees and in highly contested reelection runs.
Thank You Congress, for listening.
P.S. My Rep, Danny Davis, voted for it, so he’s lost some points in my mind for November.