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House defeats $700B financial markets bailout

September 29th, 2008 . by TexasFred

House defeats $700B financial markets bailout

WASHINGTON (AP) - The House on Monday defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.

Stocks plummeted on Wall Street even before the 228-205 vote to reject the bill was announced on the House floor.

When the critical vote was tallied, too few members of the House were willing to support the unpopular measure with elections just five weeks away. Ample no votes came from both the Democratic and Republican sides of the aisle.

Bush and a host of leading congressional figures had implored the lawmakers to pass the legislation despite howls of protest from their constituents back home.

Full Story Here:
House defeats $700B financial markets bailout

At the risk of saying “I told ya so�?, well, I told ya so…

The words Bush and confidence are just not compatible, an oxymoron in it’s most exact definition. When Bush projects confidence, BOHICA, Bend Over, Here It Comes Again!

Bush doesn’t give a damn about what the American people want, he does NOT listen to the people that put him in office, it’s ALL about HIM, “I am the decider�?, and that moron, along with the Congresscritters that just love to give YOUR money away, on BOTH sides of the aisle, are going to wreck this nation before they leave office if they can…

The Bush legacy is being set in stone as I write this, ‘Mr. Bush presided over the most destructive phase of U.S. government to date, earning Mr. Bush the title WORST President in U.S. history.’

Bush does have one thing in his favor, our Congress is even worse, their approval numbers are dismal, and the American people are taking the brunt of this BS.

Both sides are pointing fingers, you did this, and you said that, and here’s the bottom line folks, we, the American people, are being seriously penalized for bad business decisions made by Wall Street, and we’re going to pay for those bad decisions, one way or another, with our TAX dollars in a Wall Street bailout, or in a loss of ALL the economy if Wall Street fails.

Any way it goes, WE lose…

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