The House Financial Services Committee has published H.R. 3997 here:
Emergency Economic Stabilization Act of 2008
Summary of Emergency Economic Stabilization Act of 2008
Section-by-Section of Emergency Economic Stabilization Act of 2008
The House voted 228-205 to reject this bailout bill. 133 Republicans joined 95 Democrats in opposition. Representative John A. Boehner of Ohio, the Republican minority leader, called the measure “a mud sandwich”.
Sep 29
Will Wilkinson interviews economist Arnold Kling, former classmate for Ben Bernanke.
Sep 27
On Aug 27, The Council for Citizens Against Government Waste (CCAGW) released its 2007 Congressional Ratings.
Here are some highlights:
House Republicans averaged 60 percent, up 14 percentage points from their grade of 46 percent in 2006; House Democrats averaged 5 percent, down 4 percentage points from their 9 percent score in 2006.
Senate Republicans averaged 67 percent; Senate Democrats averaged 5 percent.
A higher score is better in terms of voting against government waste.
In Bailout Blues, David Warren writes “I am further appalled by the spectacle of the Democrats in the U.S. Congress, exploiting the emergency to affix massive quantities of poorly disguised pork to the blunderbuss bill.”
Should he be voted into the Presidency, John McCain has promised to veto such bills and shed light on the names of the politicians, who have earmarked pork.
I would like to know what are these pork items that have been added to the bailout bill?
Give us their names.
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