Senate to Vote on $700 Billion Bailout Bill at Sundown Wednesday

Posted by : Gary Gore October 1, 2008 - 8:36am
Source: 
CNN
Original article: 
Senate to vote on bailout bill Wednesday

Sens. John McCain, Barack Obama and Joe Biden will be in Washington on Wednesday to vote on the $700 billion bank rescue plan. The vote, scheduled to happen at sundown Wednesday evening, comes two days after the House failed to pass the controversial economic recovery plan.

"If there's a vote tomorrow night, I will be there," Obama told CNN Tuesday night...

Senate Bailout Bill

Submitted by NM Jerry on October 1, 2008 - 9:32am.

The bailout bill going before the Senate can be found on Foxnews.com in pfd form.

The Senate version has added a little window dressing in the form of tax cuts, extending the capitol-gains tax cuts, funding for disaster relief, a few things like that, to make it more palatable to the public. In the end though, it is still a massive spending bill that will use taxpayers money to get the financial institutions out of the jam they got themselves into.

If approved tonight it still goes back to the House where, hopefully, it will be defeated again. People that make stupid business decisions should not be rewarded with taxpayers money, they should be allowed to stew in their own juices.