Monday, September 29, 2008

Repub Split Hands Money To Dems

The Republican Congressional delegation has just voted two to one against President Bush's bailout plan, as amended and approved by the Democrats and - Republican leaders thought - by their own party. Apparently the Republican Party hadn't approved the bailout after all.

A renegade bunch of maverick Republicanss voted to kill the bill. Following the vote, the stock market dropped 777 points. This devalued publicly traded companies half again more than the bailout would have cost.

So now, 700 billion dollars is going to be spent as the Democrats want it spent. They will add amendments to bring in unhappy Democrats and they will get the bill passed.


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