95 Democrats Help To Keep USA Non-Socialist

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Obama Thinks of Himself Before Working On Bailout Votes

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National Book Festival 2008

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Of the 228 Nay votes (with 205 Yea) to end the passage of the $700 Billion Financial Market Intervention Plan, 95 were Democrats that went against their party leadership and Nancy Pelosi.

It is a good thing that these patriots stood up against the 65 Republicans who voted for the plan that remained essentially the same as what was being proposed last week - a large taxpayer funded pile of money without any free market apparatus to assure a capitalistic outcome to the social engineering mess that created this problem in the first place.

These 95 Democrats should keep their jobs and the 65 Republicans should loose their jobs.

Low interest loans, tax breaks for business, and a review of the structure in the valuation of property are the elements needed for a free market solution to this liquidity problem.

Not $700 Billion with few strings other than the dictates of those who created this mess in the first place!

House votes against $700 billion rescue package

Markets plunge as lawmakers race to vote again

By Ruth Mantell & Greg Robb, MarketWatch

Last update: 3:24 p.m. EDT Sept. 29, 2008 WASHINGTON

House lawmakers voted Monday to reject the historic $700 billion financial rescue plan, a sharp blow to the administration and bipartisan leaders in Congress who warn that the country is on the brink of an economic precipice.

It's unclear what the next step for rescue-related legislation will be, though an aide in the House speaker's office said lawmakers are ready to work in a bipartisan way. U.S. stocks sank Monday, and the Dow Jones Industrial Average fell as much as 700 points, with the meltdown intensifying during the vote.

The Treasury Department will use "all tools" at its disposal to protect financial markets in the wake of the House's rejection, a spokesman said Monday. Treasury Secretary Henry Paulson will confer with President Bush and Federal Reserve Chairman Ben Bernanke and Congressional leaders on the next steps. White House spokesman Tony Fratto said Bush has asked his economic advisers to gather for a meeting.

With elections approaching, some lawmakers -- both Democrats and Republicans -- may have felt nervous about voting for a plan that risks so much taxpayer money and can't promise success. But the president has lobbied hard to approve the plan, and U.S. officials also have stressed the dire consequences of taking no action.

There were 205 in favor of the legislation and 228 against. Among Democrats, 140 voted in favor and 95 against. Among Republicans, 65 voted in favor and 133 against.

Critics say the plan does not adequately address problems such as job losses and a distressed housing market that underlie current economic weakness. U.S. officials had hoped the plan would ease the credit crunch and restore confidence in the markets, even as markets plunged around the world. Those in favor of the rescue plan may have been trying to treat the most manageable symptom -- a frozen credit market -- if not the actual disease.

A vote in the Senate was expected Wednesday, and the president would have followed with a speedy signature.

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