Fred Thompson delivers dose of common sense on the economy and our government’s “spend yourself to prosperity plan”.
Bailout Plan
Crap Sandwich 2.0 Passes The House 263-171
The Wall Street Journal has the details: WASHINGTON — U.S. House of Representatives lawmakers wary of growing signs of the nation’s economic distress voted Friday in favor of a $700 billion Wall Street rescue package, sending the biggest government intervention in the financial markets since the Great Depression to President George W. Bush for his […]
Senate Passes Crap Sandwich 2.0 74-25
From the Wall Street Journal: Senate Passes Bailout Package House Passage Remains Less Certain WASHINGTON — The Senate’s revamped bailout package drew support from 74 lawmakers in a roll call vote Wednesday evening, and the measure will now return to the balky House of Representatives for another vote following its unexpected rejection on Monday. U.S. […]
Mark Levin: Thank You, House Republicans
Mark Levin writing in National Review Online’s Conner Blog: I have read the posts here and elsewhere. Sometimes these things are made to look more complicated than they really are. From an economic perspective, if the problem is liquidity and credit, there simply is no need for the federal government to assume massive amounts of debt […]
Crash & Burn: $700 Billion “Crap Sandwich” Goes Down In Flames!
Whoa… I was expecting a close vote on bailout bill but this is a complete shock. The bailout bill has crashed and burned in the House. The vote was 228 nay to 205 yea with 1 not voting. Democrats supported the bill 140-95, while Republicans opposed it 65-133. Is this the reason? Nancy Pelosi’s floor […]
The Good, The Bad and The Ugly…
The Good (H/T: MM): Congressman Jeb Hensarling (R-TX), Chairman of the House Republican Study Committee, today issued the following statement on the agreement reached by House and Senate negotiators on the Paulson plan, and his intentions on the final bill: “My top responsibility as an elected official is to protect the families and people who […]
Bailout Deal Reached?
The Wall Street Journal is reporting that lawmakers reached a tentative bailout deal overnight: Top U.S. policy makers emerged from hours of tense negotiations with a clear message just after midnight Sunday morning: A deal to bailout U.S. financial markets has been agreed on and all that remains to be done is to commit the […]