The monster bailout was defeated in the House of Representatives.
Breaking: It’s official. House rejects Trillion-Dollar-Plus Crap Sandwich; roll call vote added
FINAL VOTE RESULTS FOR ROLL CALL 674
The vote was 205 yes, 228 no.
There were 140 democrats and 65 republicans who voted yes. But 95 democrats and 133 Republicans voted no.
This was a defeat for the entire political establishment. The executive branch, congressional leadership, big banks, media, etc. It was defeated by overwhelming public opposition to corporate welfare and socialism.
In this way the bailout resembles amnesty for illegal aliens, which was defeated against similar odds. But also like amnesty, the plan may need to be defeated two or three more times.
The battle continues.
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