Proposed bailout of United States financial system
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Bailout Debate Highlights
The 110th Congress's last act before pre-election recess was to ultimately pass a $700b economic bailout after a full week of debates that ranged from contentious to cooperative. Here are some highlights from this week. This is a work in progress. Feel free to participate by adding clips you feel are relevant.
Monday Sept. 29 2008
The House's first attempt at the bailout, which ultimately did not pass. To provide a sense of how some on each side of the aisle supported and opposed the bill, here are some examples from all sides. Link to full debate
Rep. Barney Frank, D-MA introduces the bailout package and argues in its support.
Wednesday, Oct. 01 2008
The Senate considers, and passes, their version of the bailout bill. Some highlights of the debate follow, or watch the whole thing here.
Sen. Johnny Isakson, R-GA speaks in favor of the bill, and about the impact it will have on credit markets and his constituants in Georgia.
Sen. Jim DeMint, R-SC speaks against the bill, placing the blame at government for not reigning in spending.
Sen. Hillary Clinton, D-NY addresses the Senate on the financial crisis and argues in favor of the Senate bailout bill.
Sen. Barack Obama, D-IL addresses the Senate on the financial crisis and argues in favor of the Senate bailout bill. (John McCain also supported the bill, but did not speak on the floor.)
Assorted one minute speeches
Throughout the days before and after votes were cast, various members spoke about the bailout., and add to the list :D
Monday Sept. 29, Dennis J. Kucinich lays out out some of the major problems that the ~rushed~ bailout package does not seem to address:
