Bailout Plan is Going to Fail to Pass

[NOVA Green]

At what point do they shut down trading?

Trading stops for 30 minutes if the market drops 10%, two hours for 20%, and the rest of the day at 30%.

[NOVA Green]

My rep Defazio (D-OR 4) voted against.

He's always been an economic populist with a finger on the pulse of progressive Dems, as well as more conservative Republican leaning timber mill-workers.

[NOVA Green]

I see Pelosi has control over the members on her side of the isle. 

How is this Pelosi's fault when the majority of Republicans voted against it?

I see Bush has control over the members on his side of the isle.

43 and Pelosi can walk hand in hand in the Rose Garden......as 2 Losers.

Democratic house members don't want to hang for an unpopular proposal that W. and Paulsen brought to the table (modified by a bi-partisan Senate), regardless of how Pelosi feels.

Both parties have spun this as a "bailout" and failed to explain to the American people why it is so urgent to pass a flawed piece of legislation that many people see as not helping them with their own economic troubles.

[NOVA Green]

KY 1-5. Ron Lewis is retiring, and acts according.
TN 4-5. Partisan lines except for Lincoln Davis.
AL 6-1. Okay, this SC-GA-Al pattern absolutely defies explanation. Bob Aderholt against.
MS 1-3. Along partisan lines, except for Childers and Thompson. And Pickering. Oh, and Taylor. Which is actually still along partisan lines.
AR 4-0. Hillary made them do it?
LA 2-5. Democrats, Republicans opposed, Lobbyists (McCrery, Melancon) in favor.
OK 2-3. Boren, Cole in favor.

Thanks for posting this analysis BTW! It's a dirty job, but someone has to do it!!!

[NOVA Green]

So, I wonder what the leadership will do now. I figure they can either tack hard-right and get rid of all the regulations and just pass the $700 billion or go hard left and add in enough extra stuff to bring in the progressives.

Yeah. Sadly, I know which side seems to have more votes.

I think it's going to take quite a bit for the progressive Dems to want to take the hit on a fairly unpopular bill.

Granted, I think public opinion may well swing behind a compromise after today.

[NOVA Green]

At what point does the current crisis start to effect Foreign Direct Investment (FDI)? Will we see a further slump in the market as foreign capital pulls out further from the American market considering it too risky?

[NOVA Green]

LOL@Duke paying almost twice as much a year for college than I paid for my entire college education.

LOL@the forum doofus for equating the education and opportunities he received with that available from Duke.

Not sure about the relative merits from Duke, but when I went to a private school in the early '90s the bill was $20-$25K per year... granted coming from a lower income family well over half of that was in grants and student loans.

I am amazed that some schools are now charging $40K/yr plus in tuition, regardless of the caliber of education.

[NOVA Green]

I work for an S&P 500 company and all 100,000+ employees in the US received an email today from the CEO telling us to contact our congressmen and women to tell them to vote for a bill ASAP with a list of talking points and links for those that don't know their congressional representatives.

It looks like business is starting to push back...

[NOVA Green]

Glad to see your business is using propaganda. What do you think is next? Veiled threats or intimidation?

(laughs). I don't see anything quite that crazy, however this is the first time I have ever seen an email distribution to all US employees from the CEO on anything. 80% of our business is tied to the auto sector, although I work for the relatively small business services division.

They're presenting the economic argument for the bill from the business perspective that the President and Congressional leaders failed to do, which the American people still aren't buying.

That having been said, I don't see it changing any minds in my immediate work setting.

[NOVA Green]

They're presenting the economic argument...  which the American people still aren't buying.

Do we know that?  I'd hope that this is the case, but I have no way of knowing that without looking at some record of congressional emails or phone records.  Or perhaps polling data, but any polling data on this subject would have been done hastily and is therefore suspicious. 

You're right, we don't necessarily know that. It still doesn't seem like that the American people are sold on this plan, or convinced that it is imperative to act immediately and without further discussion and modifications of the initial proposal.