House votes down bail-out package

[Art]

The US government is taking time off because it's Ramadan - how culturally sensitive of them.

It's for the Jewish holiday of Rosh Hashanah when no work is supposed to be done. It celebrates the anniversary of the creation of Adam and Eve.

 

[mgb_phys]

It's for the Jewish holiday of Rosh Hashanah when no work is supposed to be done.

I know, I thought it was ironic that an instution famously consisting of white protestants should honour another religion like that and wondered why they picked one middle eastern religion and not the other other one.

 

[Art]

Following yesterday's bailouts European gov'ts had to step in again today, this time to rescue the Franco-Belgian financial services group, Dexia, at a cost of more than $9bn.

 

[Jimmy Snyder]

I know, I thought it was ironic that an instution famously consisting of white protestants should honour another religion like that and wondered why they picked one middle eastern religion and not the other other one.

Good point. You would expect them to pick a European religion like Christianity.

 

[Art]

I know, I thought it was ironic that an instution famously consisting of white protestants should honour another religion like that and wondered why they picked one middle eastern religion and not the other other one.

Probably a lot of creationists amongst all those Republicans?

 

[Jimmy Snyder]

The only thing these Communists are missing is a dozen votes in Congress. They didn't pass the bill this time because their constituents don't want it, and they won't ignore their constituents this close to election day. Unless the price is right. The folks in Congress are cheap whores and can be had for a slice of pork. I expect the next version of the bill to pass with 12 riders.

 

[Art]

The bill, with an amendment increasing the sum insured by the Fed for savers to $250K, will be voted on in the Senate tomorrow.

 

[Art]

Well it's passed the Senate and by a big majority,

US Senate backs new bail-out bill

The Senate has approved a new version of a $700bn (£380bn) rescue plan for the troubled US financial system.

Senators voted 74 to 25 in favour of the emergency legislation designed to stabilise volatile markets and limit further damage to the economy.

http://news.bbc.co.uk/2/hi/americas/7647622.stm

Now will the lower house pass it? The difference seems to be there are relatively few senators up for re-election in Nov.

 

[Astronuc]

Well it's passed the Senate and by a big majority, http://news.bbc.co.uk/2/hi/americas/7647622.stm

Now will the lower house pass it? The difference seems to be there are relatively few senators up for re-election in Nov.

Only 1/3 of Senators are up for re-election every two years. The term of a senator is 6 years, while a Congressperson must face re-election every 2 years.

 

[mgb_phys]

So 8% of those facing re-election voted FOR or they are retiring anyway.