$700 billion Rescue Plan fails, stock market loses twice that value
After the financial bailout plan was voted down in the House, the Dow plummeted 777 points. This was the biggest drop in history, larger than the drop after the 9/11 attacks that triggered a closure of the market. This represents a loss of 7% worth about $1,300,000,000,000 (thats $1.3 trillion) which is about twice the cost of the Rescue Plan.
The bill was defeated by a narrow margin, 228 to 205. Two thirds of democrats voted for it and two-thirds of republicans voted against it. However, the McCain campaign is blaming its failure on Obama.
"Barack Obama failed to lead, phoned it in, attacked John McCain and refused to even say if he supported the final bill. ... This bill failed because Barack Obama and the Democrats put politics ahead of country," Doug Holtz-Eakin said, a senior policy adviser for McCain. Yet Obama’s party delivered 140 “yes” votes, while McCain’s delivered 65 “yes” votes.
Congress was warned this would happen but after delaying a week to improve the bill, they failed to pass it. President Bush urged them to move swiftly. McCain stuck his neck out and “suspended his campaign” to drop into Washington and get involved. But even with the republican leadership pleading for action, only the democrats delivered.
The bill was defeated by a narrow margin, 228 to 205. Two thirds of democrats voted for it and two-thirds of republicans voted against it. However, the McCain campaign is blaming its failure on Obama.
"Barack Obama failed to lead, phoned it in, attacked John McCain and refused to even say if he supported the final bill. ... This bill failed because Barack Obama and the Democrats put politics ahead of country," Doug Holtz-Eakin said, a senior policy adviser for McCain. Yet Obama’s party delivered 140 “yes” votes, while McCain’s delivered 65 “yes” votes.
Congress was warned this would happen but after delaying a week to improve the bill, they failed to pass it. President Bush urged them to move swiftly. McCain stuck his neck out and “suspended his campaign” to drop into Washington and get involved. But even with the republican leadership pleading for action, only the democrats delivered.
fake invicta watches fake cartier watches Freebie Trading is considered to base around the concept of free trial offers you can try There are a lot of companies that use these sites to advertise their products What is more freebie websites are also ready to pay you some money since you have to refer some people to them Usually the offers are free but in some cases you will be required to pay a couple o dollars This money has to be paid for shipping and handling rolex watches There are a couple of ways of making money with the help of the Freebie Trading replica tag heuer First of all omega you can
Reply to this
I think great site. Congratulations. Cute Hidden object Games and Mah Jong for girls plus awesome Download Free Games try, and new water games, Perfect Pitch.
Reply to this
Hi, I appreciate your speculating as it arouses people’s concern today and lets this topic be discussable. We all know about it here..
Reply to this
This is such a great resource that you are providing and you give it away for free. I love seeing websites that understand the value of providing a quality resource for free.
Reply to this
I happen to enter your blog with the help of Google search. To my sheer luck I got what I was searching for. Thanks
Reply to this
I was never able to get through Mellon Collie and the Infinite Sadness. I've never been able to make it through. And I love the Smashing Pumpkins, they're one of my favorite bands ever, but I've never been able to listen to the whole thing all the way through.
Reply to this
It's awkward: Here you are with most of your clothes off in bed with this person who you've really just met. You're strangers to each other's bodies and you're coming together for the first time in front of all these people.
Reply to this
A dead end can never be a one way street; you can always turn around and take another road.
Reply to this