Senate JUST NOW passed the bailout!

[Matt Collins]

60 senators vote for Wall Street bailout (http://politicalticker.blogs.cnn.com/2008/10/01/60-senators-vote-for-wall-street-bailout/)
Posted: 09:33 PM ET

WASHINGTON (CNN) - The Senate has approved the $700 billion financial rescue plan in a just two days after the bailout failed in the House.

The bailout was approved in a 74-25 vote. Both presidential candidates, Sens. Barack Obama, D-Illinois, and John McCain, R-Arizona, voted in favor, as did Democratic vice presidential candidate Sen. Joe Biden of Delaware.



The Senate still has to hold a separate roll call vote on the final passage of the bipartisan package.



"This has been a very difficult time for our country, but I'm very, very happy for this vote tonight," Majority Leader Harry Reid, D-Nevada, said after the vote. "It shows that when we work together we accomplish volumes."



The core of the Senate financial bailout bill is the Bush administration's original plan to buy troubled assets from banks, but the proposal includes a number of new provisions aimed at tax payers. The changes were intended to attract more votes from the House — especially from Republicans, two-thirds of whom voted against that version.



The House is expected to vote Friday, according to aides to Democratic leaders.



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[Andrew Ryan]

Isn't it 850 billion dollars now?

[Matt Collins]

Time to get the Vaseline now.

[azamalech]

Obama and McCain both voted in favor.

I cannot stress this enough to anyone who isn't set on doing so yet - Vote third party.

Let's see...Who didn't vote for the bill and wouldn't have? Baldwin, McKinney, Nader, and Barr are just a few!

[Matt Collins]

Obama and McCain both voted in favor.

I cannot stress this enough to anyone who isn't set on doing so yet - Vote third party.

Let's see...Who didn't vote for the bill and wouldn't have? Baldwin, McKinney, Nader, and Barr are just a few!

I don't think that'll matter. I just spoke to my dad who was a diehard Bush fan and he told me "Bush ought to get a kick in the butt for this". And I told my dad that McCain voted for this and he shouldn't vote for McCain and if he did it would just be more of the same. But my dad wouldn't budge because "we must keep Obama from getting in". :rolleyes:

[jmdrake]

I don't think that'll matter. I just spoke to my dad who was a diehard Bush fan and he told me "Bush ought to get a kick in the butt for this". And I told my dad that McCain voted for this and he shouldn't vote for McCain and if he did it would just be more of the same. But my dad wouldn't budge because "we must keep Obama from getting in". :rolleyes:

Matt there are "stages of recovery" for being a partisan hack that we all have to go through. (Well, a lot of us anyway). I used to be a solid democrat. I was starting to REALLY question both parties before the 2004 election. I knew I was in trouble when I found out both Bush and Kerry were part of the skull and bones. (Yes I do pay attention to that stuff). Then I heard Kerry's speech were he said Bush hadn't taken away ENOUGH of our liberties. (Ok, that's not HOW he said it. He phrased it as "implementing all of the 9/11 commission recommendations". :rolleyes:) I still thought "yeah he sucks...but we gotta beat Bush." Then I saw how Kerry rolled over on the Ohio recount and I decided at that moment never to just vote for the "lesser of two evils".

But this moment does give us somewhat of an opportunity. It will be possibly now to work the current system in 3 ways to effect change.

1) Work our butts off for candidates willing to embrace the bailout as a major issue. (I'm sensing in our neck of the woods that Donovan might be willing to do this. I'm also sensing for the first time that Cooper might be vulnerable.)

2) Use this as a "wedge issue" to separate the neo-cons from the republican party. (Like going to GOP meetings and spending part of the time praising republicans like Richard Shelby in the senate and many brave congressmen in the house who opposed the bill while attacking the bill itself as "socialism" and questioning how any true conservative could go along with it.)

3) Teachable moment for voters. Now that people are willing to hear about economics hit them with information about the federal reserve. Heck with all of the arrogance in Washington people may even be willing to hear about shadow governments. As always know your audience.

All 3 points require that we REALLY know this bailout issue inside and out. We need to know:

a) What REALLY caused the bailout
b) Why (truly) free markets are NOT to blame.
c) What other options exist.

I started a Wiki page here at RonPaulForums.com explaining all of this and lost about an hour's worth of work from a stupid forum glitch. (Every so often the site logs me off with no reason and I loose whatever post I was working on.) I'm too tired to repost it right now, but I'll do it some time tomorrow. And i could use some help.

Regards,

John M. Drake

[Matt Collins]

http://www.teachnet.ie/jheffernan/2005/images/1774_lynching.jpg

[Matt Collins]

3) Teachable moment for voters. Now that people are willing to hear about economics hit them with information about the federal reserve.Even Phil Valentine yesterday was talking about the Federal Reserve, asking what it was, and asking his listeners if it should really exist or not. I'll have a copy of that uploaded tonight.

[heavenlyboy34]

I don't think that'll matter. I just spoke to my dad who was a diehard Bush fan and he told me "Bush ought to get a kick in the butt for this". And I told my dad that McCain voted for this and he shouldn't vote for McCain and if he did it would just be more of the same. But my dad wouldn't budge because "we must keep Obama from getting in". :rolleyes:

That's pretty much the level of "sophisticated" thought I run across when talking to republicans. It's very sad indeed. :(

[Matt Collins]

2) Use this as a "wedge issue" to separate the neo-cons from the republican party. (Like going to GOP meetings and spending part of the time praising republicans like Richard Shelby in the senate and many brave congressmen in the house who opposed the bill while attacking the bill itself as "socialism" and questioning how any true conservative could go along with it.)Exactly. This is one reason I will not be going to the debate on time until after the local GOP meeting. I think I can have more of an effect at the GOP meeting than I can at the debate.

[pacelli]

I thought McCain's big "straight talk" issue was to oppose pork? Maybe he was talking about the meat, because this bill is so loaded with pork it will give the economy a fatal heart attack.

[Gadsden Flag]

I thought McCain's big "straight talk" issue was to oppose pork? Maybe he was talking about the meat, because this bill is so loaded with pork it will give the economy a fatal heart attack.

Haha, good one.