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October 03, 2008

Bailout Bill Vote In The House Take Two UPDATE: IT PASSES


The debate is going on now and Granny Pelosi is giving a speech on the floor right now. It seems to be a straighter and bi-partisan speech.

The vote is coming up shortly.

UPDATE: Final Vote: 263-171

Now what? Will McCain take off the gloves on Fannie Mae, Freddie Mack and Barack Obama?

Beyond just tying Obama and the Democrats to this mess, I think McCain needs to hammer on Obama taking a pass on this bill. He didn't take a stand until the Senate voted and he did nothing to bring Democrats along during the first House vote. On the biggest issue of the day Obama basically took a pass. This is in McCain's wheel house and he really needs to take advantage of it...Presidents don't get to vote present.

Can I Just Say... [ace] Part of the reason I've been pushing this -- but only a small reason-- was my belief it would ultimately pass, and that if 1/3rd of the party continued hating it and thinking it was a socialist sell-out, the base would be depressed and dispirited and wind up not voting or not donating, etc.

I pretty much knew it would pass. Whether he was right to do so or not, the moment Paulson announced a crisis on the level of the Great Depression, it was going to pass. Because that's what government officials do, ultimately. Presented with a crisis -- real or ginned up-- the imperative to "do something" becomes overwhelming.

At any rate, against the bill or not, I sure hope this doesn't increase the odds of the GOP being wiped out in November. Unlike the cases of of amnesty and drilling, this one was mostly foreordained.

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posted by DrewM. at 01:01 PM

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