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Friday, October 3, 2008

U.S. House passes bailout bill with sweeteners added, WA's McDermott joins No camp

A few minutes ago, enough members of the United States House were finally coerced into voting for the Bush administration's bailout legislation to get it through Congress. The final vote was 263 for and 171 against.

H.R. 1424 (Final Vote on October 3rd, 2008 - 1:22 PM)
Question: On Motion to Concur in Senate Amendments
Bill Title: Emergency Economic Stabilization Act of 2008

Breakdown was 172 Democrats for, plus 91 Republicans, and 63 Democrats against, plus 108 Republicans. Leadership of both parties favored the bill.

The Washington State delegation's votes did not change from Monday with one notable exception - Jim McDermott apparently had a change of heart and has decided not to authorize a government-funded Wall Street giveaway.

So the final tally: Representatives Jay Inslee, Dave Reichert, Jim McDermott, Doc Hastings, and Cathy McMorris-Rodgers voted no while Representatives Adam Smith, Brian Baird, Rick Larsen, and Norm Dicks voted yes.

In Oregon, Representatives David Wu, Darlene Hooley, and Greg Walden voted yes while Peter DeFazio and Earl Blumenauer voted no. Idaho's delegation was also split: Representative Mike Simpson voted yes while Bill Sali voted no.

UPDATE: An excerpt from McDermott's statement:
The other day I said I voted in favor of the House bailout bill because I trusted Democratic leaders who worked tirelessly to represent Main Street. I still do, but Senate Republicans changed all that.

When Republicans force a bill that ignores the plight of Americans, but includes so-called sweeteners, that is not worthy of support. When Republicans force a bill that slips in more earmark spending, that is not worthy of support.

When Republicans force a bill through that includes an accounting gimmick, that is not worthy of support. The Senate dug an enormous ditch alongside Main Street, and they want the House to drive into it.
Gotta watch out for those "sweeteners"...


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