UPDATED: BARNEY FRANK IS A TWIT. "Because somebody hurt their feelings, they decided to punish the country," Frank said." We're Republicans, we DON'T HAVE feelings.
UPDATED: 228 Nay(134 Republicans/94 Dems)- 205 Yea(141 Dems/64 Republicans)About 60% of Democrats voted for the measure, but less than a third of Republicans backed it.
UPDATED: I just heard a gavel go down and time is OUT.
UPDATED: DOW is down 777. And why do I care?????
UPDATED: Oil falls to under $97 a barrel.
"Today is the decision day," said Barney Frank, D-Mass., on the House floor. "If we defeat this bill today, it will be a very bad day for the financial sector of the American economy and the people who will feel the pain are not the top bankers and top corporate executives but average Americans."
Rep. Gary Miller, R-Calif., also urged passage of the bill, despite reservations he admitted all members had on the proposal."
Yeah I got me some bleeping reservations.
"Rep. John Culberson, R-Texas, said the measure would leave a huge burden on taxpayers.
Other conservative Republicans argued the bill would be a blow against economic freedom.
Thaddeus McCotter, R-Mich., said the bill posed a choice between the loss of prosperity in the short term or economic freedom in the long term. He said once the federal government enters the financial market place, it will not leave. "The choice is stark," he said."
Just remember who voiced opposition.
