Friday, October 03, 2008

The House comes to the rescue

By Carol Gee

Just a short time ago the U.S. House of Representatives passed the Emergency Economic Stabilization Act of 2008 (H.R. 1424). The vote was 263 yes and 171 no.

Democrats voted 172 yes and 63 no. Republicans voted 91 yes and 108 no.

No longer termed a Wall Street bailout bill, U.S. Representatives have passed legislation that everyone hopes will rescue the U.S. economy. When I last looked, the Stock Market was "in the black."

(Cross-posted at South by Southwest.)


UPDATE: For a useful summary of the bill, see here. The bill's Wikipedia entry, which is also useful, is here -- MJWS.

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