Breaking: Bailout vote underway; Update: 218; Update: 263-171
posted at 1:07 pm on October 3, 2008 by Allahpundit
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Magic Eightball says all signs point to yes, with both Hoyer and Blunt expressing “confidence.” If it fails, we’re likely looking at the Dow falling off a cliff and calls for Pelosi to quit.
A sweaty, panicky blogger chambers a single round and waits for the paddles to hit an economy in cardiac arrest…
Update: The vote’s not done yet but they’re already at 231. Unless a swath of members switch to no at the last minute, it’s a done deal.
Update: Sugary Senate pork made the medicine go down: 263-171 as the gavel comes down, with some 90 Republicans voting yes. The Dow has suddenly dropped by 80 points or so, but I think I know why — it’s pessimists like me unloading their portfolios to capitalize on the post-bailout spike ahead of what they expect will be another downturn next week. (I didn’t unload, but thought about it.)
Standby for the roll of glory bitter resignation!
Update: Democrats predictably credit The One, who leaned on members to switch and push this through.
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It will pass along with our liberties.
carbon_footprint on October 3, 2008 at 1:09 PM
Of course it will pass. Only 120 billion in extra pork was added.
awake on October 3, 2008 at 1:11 PM
Don’t tease, really they would make Pelosi Quit?
Dr Evil on October 3, 2008 at 1:11 PM
FAIL FAIL FAIL FAIL FAIL
LimeyGeek on October 3, 2008 at 1:11 PM
We’ll make it through this AP. Remove the round from the chamber. ;)
When this is done, next up is McCain and Palin going on the attack about who is responsible. Bipartisanship time is now over. As Biden said, we have to know how we got here and it is up to McCain/Palin to get this out as the MSM and will ignore radio and bloggers.
AP: What about getting that video of Sarah on Fox News today saying she wants to get back and fight for Michigan? Excellent stuff that will certainly fire up the base!
kerrhome on October 3, 2008 at 1:11 PM
Dollar drops… Inflation goes up as well as the price of oil.
Then the economy really takes a downturn, so Obama and a DNC controlled house enacts a huge tax levy (because we can’t just keep borrowing ourselves out of this mess and taxing is patriotic citizen) further spiraling inflation which leads to the enactment of more social programs to save our fellow citizens. Obama meets with Chavez to discuss social programs to enact for the poor of our country and then decides to restructure the constitution for a modern age…
Skywise on October 3, 2008 at 1:11 PM
91 yea and 35 nay with 12:00 remaining
carbon_footprint on October 3, 2008 at 1:11 PM
It’s so like you to put the bad news and the good news together in one succinct sentence.
Quisp on October 3, 2008 at 1:11 PM
Hang on to your wallets boys and girls. Da gubment ’bout to clean you out.
Et tu Brute on October 3, 2008 at 1:12 PM
It’s only 820B dollars. What’s the big deal?
hisfrogness on October 3, 2008 at 1:12 PM
The House is made up of mostly ignorants, fools, and mouth-breathers. I would be shocked if it didn’t pass this time.
flyfisher on October 3, 2008 at 1:13 PM
104 Yea and 41 Nay with 10:00 remaining.
carbon_footprint on October 3, 2008 at 1:13 PM
That’s alright, We will get the final count, and we all can cut and paste our copy of our States Representatives, who Voted Yes, and take the LIST with us when we Vote in November. Whoever Votes for this, I will Vote for their Rival. They want to carry George W Bush’s Water, there is a price to pay. I am in Texas and I PROMISE I have Company.
Dr Evil on October 3, 2008 at 1:13 PM
If they pass this travesty, I’m divesting my holdings in the American Dream and moving to the Caymans.
If they pass this…..
(screw Congress)
VolMagic on October 3, 2008 at 1:13 PM
FAIL FAIL FAIL FAIL FAIL FAIL
LimeyGeek on October 3, 2008 at 1:14 PM
The Dow is likely going off the cliff regardless of whether this passes. People are going to love this when they find out what the carbon tax provision means and when they get the bill for their health insurance after they added mental health parity. This is still a turd sandwich!
bopbottle on October 3, 2008 at 1:14 PM
It’s going to pass easily.
115 Yea and 44 Nay with 9:00 remaining
carbon_footprint on October 3, 2008 at 1:14 PM
Allahpundit, You had me at they would force Pelosi to quit. No sweetner need.
Dr Evil on October 3, 2008 at 1:15 PM
It just socialism…
Think happy thoughts.
Mcguyver on October 3, 2008 at 1:15 PM
People who are interested should go and download
A quick repost:
yesterday’s show (10/1) from Mark Levin. Jim DeMint shares my deep suspicion about what’s really going on: The Saudis and Chinese have threated the US that if the Government does not make good on these bonds they will not lend the US another penny. That’s why Paulson won’t consider any other plan, and won’t consider restrictions on what he buys, what he pays or from whom he can buy. Another NJ congressman Mark has on later in the show shared DeMint’s suspicion and added that Fannie and Freddie were taken over at the instance of SA and China since they held so many of their bonds…
TheBigOldDog on October 3, 2008 at 1:15 PM
I’m thinking about refreshing the tree of liberty
LimeyGeek on October 3, 2008 at 1:15 PM
My husband and I are talking Panama:)
Dr Evil on October 3, 2008 at 1:15 PM
Costa Rica.
lorien1973 on October 3, 2008 at 1:16 PM
122 Yea and 58 Nay with 7:00 remaining
carbon_footprint on October 3, 2008 at 1:16 PM
If I wanted this socialist shit I needn’t have bothered leaving the UK
LimeyGeek on October 3, 2008 at 1:17 PM
Mmmm…natural manure…
MadisonConservative on October 3, 2008 at 1:17 PM
If the former leads to the latter, why is this a bad thing?
+1
fourstringfuror on October 3, 2008 at 1:17 PM
Feh. Too many powerful people want this_DEMAND IT–for the ‘rescue’ to fail.
Don’t pull the trigger, AllahPagan: the God you don’t believe in forbids it…..
Janos Hunyadi on October 3, 2008 at 1:18 PM
I’m calling for Pelosi to quit regardless of the outcome. (insert insults of the most vile and ungentlemanlike manner here, then repeat, then make them all the more vulgar)
Then can we trump up some charges of treason on her?
Guess you’ve already guessed that I won’t be exchanging Christmas cards with Nancy this year.
turfmann on October 3, 2008 at 1:18 PM
Forceful transfer of wealth from the middle class to oligopolies and congress cheers. Republicans Cheer. Democrats cheer. Anyone see a probllem here?
lorien1973 on October 3, 2008 at 1:19 PM
Fox News admitting that this is all Fear Mongering on both sides no lie they wait till the Vote gets underway to mention these have been all scare tactics to get them to act. So Fox News is saying the Lobbyist Spooked the Herd, and caused them to turn in the direction they want our Wallets.
Dr Evil on October 3, 2008 at 1:19 PM
160 Yea and 83 Nay with 4:00 remaining
carbon_footprint on October 3, 2008 at 1:19 PM
My Libertarian heart prays for our children, and their children’s children, that this obamination fails. Please, let the market fix itself. Nationalizing the mortgage and stock markets will end our free economy, probably forever. Any amount of temporary hardship is worth it.
Falconsword on October 3, 2008 at 1:19 PM
Oh, puhleeeez. There is way too much pork in this bill for it to fail.
ManlyRash on October 3, 2008 at 1:19 PM
174 Yea and 88 Nay with 3:00 remaining
carbon_footprint on October 3, 2008 at 1:20 PM
Yes. The death of the republic.
ManlyRash on October 3, 2008 at 1:21 PM
190 Yea and 104 Nay with 2:00 remaining
carbon_footprint on October 3, 2008 at 1:21 PM
Well the deep thinkers in the House come through again.
Spirit of 1776 on October 3, 2008 at 1:21 PM
A few minutes ago Kathryn Jean Lopez of National Review Online posted this (emphasis added):
Paulson has been working on this for about a year and this steaming pile is all he could come up with? President Bush, like his father, has surrounded himself with some of the worst possible advisors. He has a penchant for placing trust in misguided incompetents just because he likes them or they manifest loyalty to him.
Americans don’t realize what is being done to us. They don’t realize what’s coming our way.
flyfisher on October 3, 2008 at 1:22 PM
16 votes away from the magic number “Magic Number” I don’t think that is the language I would use.
Dr Evil on October 3, 2008 at 1:22 PM
It’s passing.
lodge on October 3, 2008 at 1:22 PM
202 Yea and 118 Nay with 1:00 remaining
carbon_footprint on October 3, 2008 at 1:22 PM
“Yes. The death of the republic.”
ManlyRash on October 3, 2008 at
You got that right. Looks like we couldn’t keep it.
BobK on October 3, 2008 at 1:22 PM
I’ve already written both my senators. The one that voted for it, I said I will do what I can so that he’s not re-elected. Republicans are just as responsible for this crime as Democrats.
Dr B on October 3, 2008 at 1:23 PM
Oh Allah, I had adjusted to the thought that it was going to win but if you are going to hold out the carrot of a Pelosi firing I might have to go call a representative.
Cindy Munford on October 3, 2008 at 1:23 PM
It passed.
Buh-bye America.
MadisonConservative on October 3, 2008 at 1:23 PM
Evil and lorien should take a cue from Limey. You think you will find MORE freedom in Panama or Costa Rica?
ManlyRash on October 3, 2008 at 1:23 PM
226 Yea and 143 Nay with 0:00 remaining
carbon_footprint on October 3, 2008 at 1:24 PM
That might be worth it on its own…
Count to 10 on October 3, 2008 at 1:24 PM
239 yea, oh what a crappy Bill. This is going to hang around their necks for the rest of their lives.
Dr Evil on October 3, 2008 at 1:24 PM
It was a good run. McCain will get on camera and thank Dodd and Frank for all their good work.
ManlyRash on October 3, 2008 at 1:24 PM
fuckaroony
LimeyGeek on October 3, 2008 at 1:24 PM
DOW up 250. Looks like Socialism is going to be great for now.
Sickening.
carbon_footprint on October 3, 2008 at 1:25 PM
We are already in a recession. Hopefully this will prevent a depression.
phronesis on October 3, 2008 at 1:25 PM
I wonder if they’ll hold the vote open for another 30 minutes to make sure they get all the no votes?
Skywise on October 3, 2008 at 1:26 PM
Time to start all over again. When – not if – Obama gets elected, time for secession.
ManlyRash on October 3, 2008 at 1:26 PM
They PASSED IT!
I have a headache now.. my head is going to explode.
upinak on October 3, 2008 at 1:26 PM
I thought the definition for a recession was two quarters in a row with negative growth?
carbon_footprint on October 3, 2008 at 1:26 PM
Now that the DC vermin have completed their treachery, how do we go about undermining the bill by a constitutional challenge?
LimeyGeek on October 3, 2008 at 1:26 PM
It’s over.
David in ATL on October 3, 2008 at 1:26 PM
Shit.
Dr.Cwac.Cwac on October 3, 2008 at 1:26 PM
Boston Tea Party redux anyone?
Texas Rainmaker on October 3, 2008 at 1:27 PM
Now All I want to do is get Even! Who Doesn’t want their Political Career anymore say YEA.
Dr Evil on October 3, 2008 at 1:27 PM
I get the anger at Pelosi, but the Bush administration cooked up this plan!
Blame them first.
YYZ on October 3, 2008 at 1:27 PM
Amazing – C-Span on the web is overwhelmed.
I think it is possible that the approval level of congress can actually go down.
connertown on October 3, 2008 at 1:27 PM
Get your pitchforks sharpened. It’s time!
HornetSting on October 3, 2008 at 1:27 PM
Conservatives are such f’n manginas. What is all this whiney crap about moving out of the country.
Time for some Conservative/Libertarian civil disobedience.
“No officer, that wasn’t assault, I am just having a revolution on this hippie scumbag’s face.”
ClassicCon on October 3, 2008 at 1:28 PM
Perhaps a cookbook will help. If you aren’t serious about it, I won’t pester you.
ManlyRash on October 3, 2008 at 1:28 PM
Any chance some gifted conservative lawyer would venture to file a lawsuit as being unconstitutional? Or can you not do that with appropriations acts?
Dr.Cwac.Cwac on October 3, 2008 at 1:28 PM
It’s a great day for wooden arrow manufacturers.
carbon_footprint on October 3, 2008 at 1:28 PM
We The People need to all conspire to not pay the IRS a penny. Bankrupt the whole deal.
LimeyGeek on October 3, 2008 at 1:28 PM
Did you mean our lives?
Oldnuke on October 3, 2008 at 1:28 PM
That would be Soros doing a buy in, just as he did a sell off last week.
Skywise on October 3, 2008 at 1:28 PM
Pitchforks? Nah…firearms – lot’s of ‘em.
ManlyRash on October 3, 2008 at 1:28 PM
Remember this date. Remember it always.
Weight of Glory on October 3, 2008 at 1:28 PM
Right and is called after the fact. I’m not sure if Q3 GDP was negative, but I think Q4 will be. I’d like to be wrong.
phronesis on October 3, 2008 at 1:28 PM
The GOP seems determined to lose this election. They were being held responsible for Monday and now they will be looked at has having dis-proportionately more nay than aye votes. They seem to have some kind of death wish.
jeanie on October 3, 2008 at 1:29 PM
Agreed, but let’s let McCain do his thing first. There will be another time to fight that fight. This round is over.
connertown on October 3, 2008 at 1:29 PM
“phronesis on October 3, 2008 at 1:25 PM”
um, technically, we can’t even be in a recession until january at the earliest …
/sigh
Buckaroo on October 3, 2008 at 1:29 PM
Heh… but the difference is the officer will probably say “Oh, okay, carry on”
Skywise on October 3, 2008 at 1:29 PM
It is the doom of men that they forget.
ManlyRash on October 3, 2008 at 1:29 PM
The Dow is starting to drop. Well, that didn’t take long.
bopbottle on October 3, 2008 at 1:30 PM
I guess that settles it. We deserve Barack Obama…
CliffHanger on October 3, 2008 at 1:30 PM
Hell, all of them. At this point, a sharpened stick would be good.
HornetSting on October 3, 2008 at 1:30 PM
I’ve mentioned that here as well. I’ve also written dozens of conservative pundits about it, yet not one is discussing this. I think it’s a huge story if it’s true. Sen. DeMint is not the only person who believes this. Rep. Brad Sherman, a Dem on the Financial Services Committee, has mentioned it as well. He’s also the one who said on the floor yesterday that House members were being advised there would be martial law without passage of the bailout. I am outraged!
Here is a 2 minute Youtube of Rep. Sherman and Sen. DeMint discussing this
flyfisher on October 3, 2008 at 1:30 PM
Retread of the great depression.
Count to 10 on October 3, 2008 at 1:30 PM
“now they will be looked at has having dis-proportionately more nay than aye votes”
and this is a bad thing WHY?!
Buckaroo on October 3, 2008 at 1:31 PM
We the people need to declare independence.
ManlyRash on October 3, 2008 at 1:31 PM
And five minutes later the DOW us up 166.
carbon_footprint on October 3, 2008 at 1:31 PM
Yep, watch it fall now.
Wonder what’s going to happen if this bailout fails to do the trick? We’ll be on the hook for that much more taxpayer money and we’ll still have a sh!t economy.
thirteen28 on October 3, 2008 at 1:31 PM
I’m voting for Obama.
LimeyGeek on October 3, 2008 at 1:31 PM
Why did I have to start following politics? Why couldn’t I just have watched Survivor and American Idol like the rest of the masses?
Quisp on October 3, 2008 at 1:31 PM
The fault of this vote is squarely on the Republicans. The Dems got 160 yeas. If the Republicans simply stuck together and voted against it, they would have sunk Nancy Pelosi’s political career. Instead, they turned into a bunch of pussies. I hope every Republican that voted in favor of this gets voted out.
MadisonConservative on October 3, 2008 at 1:31 PM
Exactly.
What an expensive remedy that was.
carbon_footprint on October 3, 2008 at 1:32 PM
I told my wife this morning as I was buying Yen with some savings that the stock market tanking is one thing, but the looters stealing my dough is quite another.
JiangxiDad on October 3, 2008 at 1:32 PM
No kidding, it has become a very painful burden in the last several years.
ClassicCon on October 3, 2008 at 1:32 PM
Awesome pics form post debate rally for Sarah:
http://www.riverfronttimes.com/slideshow/view/155985/5
kerrhome on October 3, 2008 at 1:32 PM
If the third quarter and fourth quarter are negative now, we are in a recession, but we just don’t have the data to make an official determination until after the fact.
phronesis on October 3, 2008 at 1:32 PM
Me too.
carbon_footprint on October 3, 2008 at 1:32 PM
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