Treasury’s $700 billion rescue plan for the financial markets passed the Senate Wednesday night, giving the White House new confidence it has turned the corner and can win final approval from Congress by Friday.
The 74-25 roll call endorsing the package featured a rare joint-return appearance by the two major presidential candidates, Sens. Barack Obama and John McCain, both of whom supported the measure.
The Senate galleries, usually empty at night, were packed with visitors on the left and right, and senators voted from their desks as if to underscore the seriousness of the legislation. Shortly before the vote, Senate Minority Leader Mitch McConnell (R-Ky.) tried to capture the moment for posterity, calling this breakthrough “one of the finest moments in the history of the Senate. This is the kind of vote we are sent by our people to cast.”
Majority Leader Harry Reid added that “each United States senator this evening is facing a critical test of leadership.”
A second vote was needed immediately after to complete final passage, but that is not in doubt. The first vote Wednesday night was the bigger test and the administration is betting that with this bipartisan showing, it can marginalize the remaining opposition in the House, due to vote Friday....
[T]he revised Senate package blends in more than $100 billion in popular tax breaks as well as aid to rural schools important to House Republicans. And to build support among small town community banks, the bill raises the cap on insured deposits from $100,000 to $250,000.
Quote by Raine:
I agree. At this point I am really concerned about these unknowns.
With BOTH people on the republican ticket, truthfully.
Quote by Shane-O:
Funny that McCain held his nose and voted for the bacon...
I'm kinda for the Rum tax credit - VIVA THE CAPTAIN!!!!
Obama crossed over into enemy territory.
He walked over to where McCain was chatting with Republican Sen. Mel Martinez of Florida and Independent Sen. Joseph I. Lieberman of Connecticut. And he stretched out his arm and offered his hand to McCain.
McCain shook it, but with a “go away” look that no one could miss. He tried his best not to even look at Obama.
Quote by Raine:
Good morning Grump!
And EVERYONE else!![]()
Quote by Grumpymann:Obama crossed over into enemy territory.
He walked over to where McCain was chatting with Republican Sen. Mel Martinez of Florida and Independent Sen. Joseph I. Lieberman of Connecticut. And he stretched out his arm and offered his hand to McCain.
McCain shook it, but with a “go away” look that no one could miss. He tried his best not to even look at Obama.
More here
Quote by Raine:He is really a pr*ck.Quote by Grumpymann:Obama crossed over into enemy territory.
He walked over to where McCain was chatting with Republican Sen. Mel Martinez of Florida and Independent Sen. Joseph I. Lieberman of Connecticut. And he stretched out his arm and offered his hand to McCain.
McCain shook it, but with a “go away” look that no one could miss. He tried his best not to even look at Obama.
More here
Even during the most tense moments of the primaries, when Obama and Clinton were on the senate floor they were cordial.
And he is supposed to bring this country together? Like I said, I am concerned about this man... mentally and physically.
Quote by Grumpymann:
What really gets to me is that when Chimpy tried to burn his child HIS CHILD!
McCain gave Chimpy a hug.
Obama told THE TRUTH.
And McCain has to be EMBARRASSED into shaking his hand.
I have no knowledge that McCain is a racEist.
I know he has said some racEist shit in his life but this episode makes me wonder.
Quote by Shane-O:
Will - don't FUCK with the Mooks!
Quote by Raine:Quote by Shane-O:
Will - don't FUCK with the Mooks!
:pirate:
Quote by Raine:
Go caller... go vote for Bob Barr.
Quote by BobR:
morning, folks... :coffee:
Quote by Raine:
HEya Clint, have you seen how fast MArtin seems to be closing in on Saxby?
Georgia has a REAL chance to have a (D) as a senator!
Quote by clintster:
OK, off to give Intro to Tech Theatre midterms. Keep 'em flyin. BTW, are liveblarging the Veepstakes debate?
Quote by Raine:
Mala can you stream the debate?
What station s does the TV get? This thing should be on pretty much ALL the stations, no?
Quote by Shane-O:
Randy Chastain
Quote by Scoopster:
Here's another example of a city official that needs to be retired from office.
When pressed as to why he voted for the bailout package given all his ranting and complaining, McCain responded "This bill is putting us on the brink of economic disaster." Does McCain know that he voted for the bailout bill?
Quote by Grumpymann:
The IDEA of bailing out these THIEVES. is untenable.
Quote by Grumpymann:
It's FROZEN cuz WE don't have money!
Pay the people and see how quick this thing gets better!
Quote by BobR:Quote by Grumpymann:
The IDEA of bailing out these THIEVES. is untenable.
yeah, they definitely screwed up when they initially called this a "bailout bill".
Quote by Raine:Quote by Shane-O:
Funny that McCain held his nose and voted for the bacon...
I'm kinda for the Rum tax credit - VIVA THE CAPTAIN!!!!
:pirate:
Quote by livingonli:Quote by Raine:Quote by Shane-O:
Funny that McCain held his nose and voted for the bacon...
I'm kinda for the Rum tax credit - VIVA THE CAPTAIN!!!!
:pirate:
Captain Morgan for President.![]()
![]()
Quote by Grumpymann:Obama crossed over into enemy territory.
He walked over to where McCain was chatting with Republican Sen. Mel Martinez of Florida and Independent Sen. Joseph I. Lieberman of Connecticut. And he stretched out his arm and offered his hand to McCain.
McCain shook it, but with a “go away” look that no one could miss. He tried his best not to even look at Obama.
More here
Quote by Shane-O:Quote by Grumpymann:
It's FROZEN cuz WE don't have money!
Pay the people and see how quick this thing gets better!
Perhaps when over-extension of credit is an issue, when the credit markets contract - that's the "correction" that's needed?
Over borrowing - the real cause of this crisis?
When it evaporated - a credit crisis? - Maybe operating with less credit would solidify businesses and thus, the markets?
Quote by Shane-O:
Right-Wing definition of "gotcha question" --- any question Palin doesn't know the answer to...
Quote by livingonli:Quote by Grumpymann:Obama crossed over into enemy territory.
He walked over to where McCain was chatting with Republican Sen. Mel Martinez of Florida and Independent Sen. Joseph I. Lieberman of Connecticut. And he stretched out his arm and offered his hand to McCain.
McCain shook it, but with a “go away” look that no one could miss. He tried his best not to even look at Obama.
More here
McCain is a mouse and not a man.
Quote by Grumpymann:How long will a bank be a bank with out money?Quote by Shane-O:Quote by Grumpymann:
It's FROZEN cuz WE don't have money!
Pay the people and see how quick this thing gets better!
Perhaps when over-extension of credit is an issue, when the credit markets contract - that's the "correction" that's needed?
Over borrowing - the real cause of this crisis?
When it evaporated - a credit crisis? - Maybe operating with less credit would solidify businesses and thus, the markets?
Not long.
The banks have money.
They are so afraid that they will not lend money to EACH OTHER!
True they lost money on derivatives (The catch all phrase for this paper tiger.) but they KNEW that they didn't have the money in the first place. That money existed ONLY on, cooked, balance sheets.
If people had money to buy crap THIS WOULD NOT be a problem. We as a public could pay for the crap that they sell.
Once again this is NOT a credit crisis this is a confidence crisis.
Quote by BobR:
More poison from China
Quote by Shane-O:Quote by Grumpymann:How long will a bank be a bank with out money?Quote by Shane-O:Quote by Grumpymann:
It's FROZEN cuz WE don't have money!
Pay the people and see how quick this thing gets better!
Perhaps when over-extension of credit is an issue, when the credit markets contract - that's the "correction" that's needed?
Over borrowing - the real cause of this crisis?
When it evaporated - a credit crisis? - Maybe operating with less credit would solidify businesses and thus, the markets?
Not long.
The banks have money.
They are so afraid that they will not lend money to EACH OTHER!
True they lost money on derivatives (The catch all phrase for this paper tiger.) but they KNEW that they didn't have the money in the first place. That money existed ONLY on, cooked, balance sheets.
If people had money to buy crap THIS WOULD NOT be a problem. We as a public could pay for the crap that they sell.
Once again this is NOT a credit crisis this is a confidence crisis.
"Credit" = "Confidence"
Credit is the confidence that a lender feels that a recipeint of a loan will repay.
See the LIBOR.
Quote by Grumpymann:
.... I'll give you that.
But you don't solve the problem of missborrowing money by... missborrowing money.
Quote by Grumpymann:
But you don't solve the problem of missborrowing money by... missborrowing money.
Quote by livingonli:Quote by BobR:
More poison from China
We really should just bar all food products made in China at this point.
Quote by Grumpymann:
I think I made a friend!
We got a Chocolate Lab about 2 years ago.
(He is SO STOOPID!)
But for the most part he just slinks across the floor when I speak. (He was the runt and is very skiddish. )
But he just climbed up on the couch next to me squirmed his head under his arm and flipped his nose up to make me pet him.
Either he likes me or he REALLY HAS to go "Out"
Quote by TriSec:
McCain drives a Lexus!
Quote by Raine:Awww!!! :wub2:Quote by Grumpymann:
I think I made a friend!
We got a Chocolate Lab about 2 years ago.
(He is SO STOOPID!)
But for the most part he just slinks across the floor when I speak. (He was the runt and is very skiddish. )
But he just climbed up on the couch next to me squirmed his head under his arm and flipped his nose up to make me pet him.
Either he likes me or he REALLY HAS to go "Out"
Quote by Raine:Awww!!! :wub2:Quote by Grumpymann:
I think I made a friend!
We got a Chocolate Lab about 2 years ago.
(He is SO STOOPID!)
But for the most part he just slinks across the floor when I speak. (He was the runt and is very skiddish. )
But he just climbed up on the couch next to me squirmed his head under his arm and flipped his nose up to make me pet him.
Either he likes me or he REALLY HAS to go "Out"
Quote by Raine:
Are we SURE this isn't Carol Channing?
Quote by Raine:
I love your dog stories Grump!
Quote by TriSec:
Do we have a drinking game for tonight?
(I skipped my usual Wednesday nite martini to save my liver for tonight...)
Quote by livingonli:
I don't think the listings in your TiVo were updated. My cable EPG info has not been updated either. They are airing the VP debate at 9 followed by special post-debate editions of Countdown, Hardball, and I think Rachel will be on at 1 AM.
Quote by Grumpymann:Quote by Raine:
I love your dog stories Grump!
... He had to go out I just got finished cleaning up the evidence.
![]()
No he likes me
Quote by BobR:Quote by TriSec:
Do we have a drinking game for tonight?
(I skipped my usual Wednesday nite martini to save my liver for tonight...)
Raine posted one earlier today, but it was more like Bingo.
Quote by Raine:Quote by Grumpymann:Quote by Raine:
I love your dog stories Grump!
... He had to go out I just got finished cleaning up the evidence.
![]()
No he likes me
:rofl:
Quote by TriSec:
Dow Jones Average on January 22, 2001 (Bush's first business day in office):
10,578.24
Dow Jones Average, current quote (October 2, 2008):
10,550.63
Fundamentals of the economy: SOUND!
(Actually, maybe this isn't such a bad thing. If the Dow reverts to the same price as the day he took office, does that mean we can pretend the past 8 years never happened?)
Quote by Grumpymann:The older dog just "Bit him" to get him off the couch.Quote by Raine:Quote by Grumpymann:Quote by Raine:
I love your dog stories Grump!
... He had to go out I just got finished cleaning up the evidence.
![]()
No he likes me
:rofl:
(She is the dominate dog and she gets what she wants from him. As long as she s not really hurting him we stay out of it.)
Then he started playing with her fav toy right infront of her face.
When she hopped off the couch to chase and playing with him He played till she got to the other side of the couch let her have the toy and climbed on the couch and forced me to pet him.
Till I got off the couch then he followed me again!
You and Bob SURE you do not want a dog?
Quote by Raine:
Haven't you heard? We had a blessed event and adopted a beagle, actually, a Bagel (beagle and basset)
Quote by wickedpam:
Homer Votes
Quote by starling310:
![]()
turning on randi was a mistake.
Quote by livingonli:
There is actually a comic book called Lesbian Pirates From Outer Space.
Quote by Mondobubba:
The ever charming Ann Coulter. "Our beauteous Sarah?" "Eva Braun of evening news?" "Liberal senators...Robert Byrd" WTF? Does she have a bunch of manatees that push column ideas to the top of the pool and string them together each week for this bullshite.
Quote by BobR:Quote by wickedpam:
Homer Votes
oh that's perfect!
Based on the music, I assume it will be in the Treehouse of Horror trilogy...
Quote by Random:Quote by Mondobubba:
The ever charming Ann Coulter. "Our beauteous Sarah?" "Eva Braun of evening news?" "Liberal senators...Robert Byrd" WTF? Does she have a bunch of manatees that push column ideas to the top of the pool and string them together each week for this bullshite.
Isn't that how Family Guy is written?
Quote by Raine:
McCain conceeding Michigan.
Quote by Random:Quote by BobR:Quote by wickedpam:
Homer Votes
oh that's perfect!
Based on the music, I assume it will be in the Treehouse of Horror trilogy...
If it's what i think you're talking about...the part where he's sucked into the machine seems Treehouse of Horrorie...
Quote by livingonli:Quote by Random:Quote by Mondobubba:
The ever charming Ann Coulter. "Our beauteous Sarah?" "Eva Braun of evening news?" "Liberal senators...Robert Byrd" WTF? Does she have a bunch of manatees that push column ideas to the top of the pool and string them together each week for this bullshite.
Isn't that how Family Guy is written?
Well according to the writers of South Park anyway.
Quote by livingonli:Quote by Random:Quote by BobR:Quote by wickedpam:
Homer Votes
oh that's perfect!
Based on the music, I assume it will be in the Treehouse of Horror trilogy...
If it's what i think you're talking about...the part where he's sucked into the machine seems Treehouse of Horrorie...
It could be the opening bit before the episode starts. I wonder if there will be another joke about the episode likely airing in November again.