Four days after an unexpected revolt that heightened fears of a financial crisis, the House of Representatives on Friday agreed to a $700 billion economic bailout package.
Endorsing a bill the Senate passed Thursday, the House sent President Bush a bill aimed at rescuing the economy that is sure to be signed into law. The 263-171 vote marked a dramatic turnaround from the unexpected failure of the bill in the House earlier this week. Dozens of lawmakers changed their minds from that 228-205 vote against the bill.
Cheers filled the floor of the House Friday as the vote tally ticked past the 218 threshold to assure passage. Several members said they changed their minds on the bailout and voted for it as an option of last resort to prevent disastrous consequences. Following Monday’s bailout failure, the stock market fell nearly 800 points before rebounding slightly the following day. The Dow was up about 130 points Friday afternoon after the bailout passed.
“Today, I’m going to cast a red, white and blue collar vote with my hand over my heart for my country,” Rep. Zach Wamp (R-TN), who reversed his earlier opposition to the bailout, told the House. “I don’t like it at all. As a matter of fact, I hate it… but we don’t have time to rewrite this bill.”












Bringing the economy crashing down around us is a smoke screen while the Bush criminal conspirators make their getaway.
Look back.
Place blame.
FREE AMERICA
REVOLUTIONARY (DIRECT) DEMOCRACY