House Passes "Historic Bailout

House Passes "Historic Bailout

voices.washingtonpost.com

They've done it: By a vote of 263 to 171, the House of Representatives has approved a $700 billion bailout plan in the hopes of propping up the nation's economy, which has been besieged by the fallout from the subprime mortgage crisis.

Banks of have failed. There has been a re-ordering of some of the biggest players on Wall Street. Credit has dried up. And now, at the behest of the Bush administration, both houses of Congress have passed this landmark legislation.

(visit the link for the full news article)

They've done it indeed.

The deal is done. The past week of political theatre is over and on Wall Street the Dow is up 230 points.

All is again in order in Washington; the voice of the people paid lip-service to, and now the vote that counts.

In the end, we have each $2000 more in debt, but will this truly benefit anyoe but the perpetrators of this enormous scam, the Decider's "House of Cards"?

voices.washingtonpost.com
(visit the link for the full news article)

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