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Friday, January 23, 2009

Bleeding Heartland: Iowa Democrats in Congress trust Obama with bailout money

Excerpted from this post at Bleeding Heartland

The House of Representatives passed a symbolic "disapproval" measure on Thursday to oppose the release of the second $350 billion tranche to the Treasury Department's Troubled Assets Relief Program (TARP), more commonly known as the Wall Street bailout. About a third of House Democrats joined most of the Republicans (including Iowa's Tom Latham and Steve King) in this measure. However, all three Iowa Democrats (Bruce Braley, Dave Loebsack and Leonard Boswell) voted against the disapproval resolution, meaning they are on record not opposing the release of another $350 billion to the TARP. The House action was merely symbolic because last week a similar "disapproval" resolution failed in the U.S. Senate.

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Mike Schramm
Andy Szal

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