-UPDATE-
HERE IS THE HOUSE ROLL CALL TALLY.
There you have it for today:
I tried to get on line to the House site and the server is busy. It’s been that way all morning with various the Representative’s web sites, like Waxman, for example. When it cools down a little I’ll pull out the vote count, so we can all see who voted yea or nay.
House rejects bailout plan
By DAVID ROGERS | 9/29/08 2:44 PM EDT Updated: 9/29/08 2:44 PM EDT
Republican defections proved fatal to the massive government intervention, which was rejected 228-205.
Politico pronounces:
12:57 p.m.: Game-time: Metaphor of the day
By: ALEXANDER BURNS
“A huge cow patty with a marshmallow in the middle of it.” – Rep. Paul Broun’s (R-Ga.) description of the bailout plan. (Not to be confused with “crap sandwich,” the metaphor employed by Minority Leader John Boehner.)
http://www.politico.com/blogs/thecrypt/0908/Cow_patty_with_a_marshmallow.html
Suicidal or? Time to Buy?
U.S. stocks hammered with doubts over rescue
Dow industrials plummet as much as 700; Nasdaq Composite down 5.7%
By Kate Gibson, MarketWatch
Last update: 2:07 p.m. EDT Sept. 29, 2008
NEW YORK (MarketWatch) — U.S. stocks sank, with the Dow Jones Industrial Average plunging as much as 700 points, with the government’s $700 billion rescue plan for the financial sector seemingly in jeopardy as votes were cast Monday afternoon in the House of Representatives.
Hmmm?! With renewed pressure on oil due to falling world demand, can we now stop this foolishness about off shore drilling? Think more refineries!
Oil Falls Sharply on Renewed Economic Fears
By JAD MOUAWAD
Published: September 29, 2008
Oil prices dropped sharply on Monday as the House voted down a $700 billion bailout plan for the financial markets, raising the specter of slower economic growth and depressed demand for petroleum products. The House leadership, however, plans a second attempt to pass the bill.
Recent thoughts from the Center for Global Development on the developing credit crisis in the US, and what it may mean for the rest of the world:
SEPTEMBER 22, 2008
U.S. Financial Crisis Will Mean Slower Growth, Rising Inequality in Developing World (Development Impacts of Financial Crisis)
Posted by Liliana Rojas-Suarez at 11:45 AM
[…Most at risk are countries that have deteriorating current account balances and fiscal problems. Possible examples include several Eastern European countries, Turkey, Argentina, maybe even Brazil. Mexico is susceptible because of its close ties to the U.S., and Russia also is potentially in trouble. Of course, the numbers are still evolving and it’s too early to be picking winners or losers with any confidence….]
http://blogs.cgdev.org/globaldevelopment/2008/09/us_financial_crisis_will_mean.php
I Own My Vote, PUMA, The Denver Group, Just Say No Deal
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