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Tuesday, September 30, 2008

Coralville Courier: Bailout crisis? What bailout crisis?

Excerpted from this post at Coralville Courier

If the supposed financial crisis on Wall Street is soooooooo severe,
then why hasn't a bill passed? Democrats hold the majority in the
House. If they really wanted to pass some GOOD legislation, they
could. They don't need a single GOP vote to get things done. The U.S.
House voted no and defeated a $700 billion emergency rescue for the
nation's financial system on Monday, putting a stop to what some have
termed a socialist takeover of the markets. The vote was 228-205 to
reject the bill, with Speaker Pelosi, a Democrat, blaming a baker's
dozen number of Republicans for the defeat. What Pelosi intentionally
omitted in her post vote comments, is that 94 Democrats also voted no.

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Mike Schramm
Andy Szal

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