How urgent is “Urgent”? The Bailout Package Defeated

I watched in awe today as members in the US House of Representatives failed to pass the 700 billion dollar bailout package. How could this possibly be? All the signals from President Bush, Treasury Secretary Hank Paulson, and Federal Reserve Chairman Ben Bernanke indicated that if something was not done soon, we would all be doomed. McCain even “suspended” his campaign because this impending crisis was so urgent. Yet, 95 Democrats and 133 Republicans voted against this bill. To make matters worse, it seemed as though the impending doom was correctly predicted. As the votes were tallied on the floor, Continue reading How urgent is “Urgent”? The Bailout Package Defeated