The Senate voted reluctantly but solidly in favor of a modified $700-billion Wall Street rescue plan Wednesday, but it remained uncertain whether the legislation — even with a carefully designed package of tax breaks — would withstand the fierce crosswinds of liberal and conservative resistance in the House later this week.
The measure passed the Senate 74 to 25, with a majority of Democrats and Republicans voting in favor — among them presidential nominees Sen. Barack Obama and Sen. John McCain. The centerpiece of the legislation gives the government the authority to buy up billions of dollars of the “toxic” assets, primarily mortgage-backed securities, that have poisoned financial markets and threaten to contaminate the rest of the economy.
Was there any doubt? They have voted now they can leave town. Now the House is on the hot seat.
We get our vote in November. I highly recommend we use it wisely. If they turn on the American people…Throw the bums out.
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True that….I still would like to see a “recall” provision added to the Constitution. That way we would not have to wait to throw them out…it could be done a lot sooner.