October 1, 2008
Posted: October 1st, 2008 09:33 PM ET

ALT TEXT

Sens. Biden, McCain, and Obama returned to Capitol Hill Wednesday night to vote on a revised bailout plan. The House is expected to take up the bailout again Friday. (Photo Credit: Getty Images)

WASHINGTON (CNN) – The Senate has approved the $700 billion financial rescue plan in a just two days after the bailout failed in the House.

The bailout was approved in a 74-25 vote. Both presidential candidates, Sens. Barack Obama, D-Illinois, and John McCain, R-Arizona, voted in favor, as did Democratic vice presidential candidate Sen. Joe Biden of Delaware.

"This has been a very difficult time for our country, but I'm very, very happy for this vote tonight," Majority Leader Harry Reid, D-Nevada, said after the vote. "It shows that when we work together we accomplish volumes."

The core of the Senate financial bailout bill is the Bush administration's original plan to buy troubled assets from banks, but the proposal includes a number of new provisions aimed at tax payers. The changes were intended to attract more votes from the House - especially from Republicans, two-thirds of whom voted against that version.

The House is expected to vote Friday, according to aides to Democratic leaders.

Full story

Filed under: Barack Obama • Economy • Joe Biden • John McCain • Popular Posts • Senate


Dianne jacka   October 2nd, 2008 2:18 am ET

To all Americans, i am an australian , we have regulated banks, universal healthcare, and social security system, which looks after all.We pay higher taxes but we will never fall through the cracks and force people out onto the streets. Dont be afraid of change, i really hope that your next president will not be at the beck and call of vested interestsOur economy is linked with asia now and we should be able to avoid recession. Good Luck , we feel for the people in trouble and hope that you will all become active and make your media and politicansaccountable. I think that the ceo's should be put in goal too, we have this problem too, life after politics and high paying jobs, make a politican tread softly.

WAKE UP! NO MORE TRICKS!   October 2nd, 2008 2:15 am ET

Oh Lord, I smell another American Revolution...

African   October 2nd, 2008 2:14 am ET

Bailout who? Let's not give too much power to individuals who are running our back-bone markets.

Janet - Missouri   October 2nd, 2008 2:01 am ET

I just watched Warren Buffet on the Charlie Rose Show. His main point is this is not the spending of $700 billion to give to Wall Street fat cats. This is an investment in our country of $700 billion. They will use this money to purchase hundreds of thousands of foreclosed homes at a bargain price, hold them for a while, and sell them to qualified buyers.

People, please study the problem before you oppose it.

Contempt prior to investigation is a very dangerous viewpoint.

maynard hopkins wi   October 2nd, 2008 2:00 am ET

we are in for a world of hurt big time now......

Mike, CA   October 2nd, 2008 1:49 am ET

STOP blaming "Washington" for the economy and state of living!!! This is our time! Take control of your situation! Write (email) your state senator and representative EVERY WEEK. They run for elections for pete's sake...Kick the old idiots out and put new idiots in. It will make you feel better. Stand up and be counted please. Vote for measures, propositions and elected officials. Write in to your local newspaper on current events. DO NOT sit back and whine about people we re-elect to 12 consecutive terms becasue they are the only name you recognize on the ballot.

tired of corruption   October 2nd, 2008 1:46 am ET

I am tired of political corruption! Time to start voting these bums out of office. I will start with these two – Sen. Kay Bailey Hutchison and Sen. John Cornyn. Then if my representitive in Congress votes for this ripoff bill I will no longer give my vote to him. Come on Burgess do the right thing! When clowns like Barney Frank, Harry Reid, Chris Dodd, and Nancy Pelosi take the lead on something it should be obvious to the citizens of this once great nation that we are getting ready to get slammed.
Way to go republicans you have effectively pissed off your base. Lets go ahead and show Obama to his new bedroom at the white house.

Not happy in TEJAS

Does Obama Palin Comparison?   October 2nd, 2008 1:39 am ET

Pelosi will undoubtedly try to blow up the deal in the House tomorrow...The longer the crisis and suffering go on, the greater Obama's chances get.

Pelosi & Obama are dancing on the grave of the US economy, and reveling in our suffering...

Marj,Paso Robles, Cal   October 2nd, 2008 1:15 am ET

Mrs. Texas Teacher:

Baby Uhbama has received over 100k from Fannie and Freddie. My tax dollars are being stolen to help these corrupt Govt. entities. Uhbama, Dodd, Frank, Reid and Schumar should be investigated and prosecuted.

erika morgan   October 2nd, 2008 1:06 am ET

The Senate has demonstrated that they do not understand our economic situation but just listen to desperate rich cats who are used to steeling money and don't wish to give it up.

Our addiction to credit must end. Our Government must live within it's
means, our families must stop spending what they don't have. And yes even
business must retrench, I've never heard of something so stupid as having
to borrow to cover payroll. Borrowing requires the payment of interest,
no matter how low interest is, the use of the money must add to value or
it is a costly mistake.

Much of our society has been copying the government and all must now take
their bitter pill (suffer the just deserved losses) tighten their belts
and get on with becoming productive.

This does not mean each for himself but it does mean it is time for
Government to spend on infrastructure, education, healthcare, and maybe
even shelter for its citizens.

THE CITIZENS ARE WORTH SPENDING ON EVEN IF YOU HAVE TO BORROW BECAUSE THEY
WILL RETURN YOUR INTEREST PAYMENT: THE BANKING INDUSTRY CONTRIBUTES NO
WEALTH IT ONLY REDISTRIBUTES MONEY. Our problem is that this money they
handle no-longer represents any real wealth.

A small business owner,

Anonymous   October 2nd, 2008 12:48 am ET

something has to be done but i am not sure this is it. are they all trying to scare us to death. i think they all belong in jail ceos and all they sure have a great life while we watch life savings vanish and some people lose everthing. who ever thought you could let people have loans that they had no way of EVER paying back now the taxpayers pay for everything again as usual. disgusted in ark

Tre   October 2nd, 2008 12:48 am ET

It would be interesting to know whether or not fox news has interviewed Sarah Palin, if not, when they do, will the yask her to name the first president of the U.S., or simply have her state her ABC's?

Raymond Duke   October 2nd, 2008 12:41 am ET

The only thing I can promise my senator that voted for this bailout is four votes against him in this election. The same thing goes for my representative. As a family we do not take goverment handouts and we do not believe we should bail out wall street. Between presidents and congress we already support to many people who ride the system already.

sally sue   October 2nd, 2008 12:29 am ET

Obama is Dangerous and bad for America. He is a wolf in sheeps clothing, a slimy, sleazy lawyer, who is skilled in his oratory skills to make corrupt back room deals. Nobama EVER!

Salvatore Labaro   October 2nd, 2008 12:28 am ET

It is sick that corporate America won out, what an unprecedented manipulation have the succeeded in? While we pay for their losses they keep their profits! Well, America, you get what you vote for; obviously Senator Obama is just as supine to corporate America as he is a corporate sycophant.
If you are angry, I'd like note Ralph Nader is running for president and would never make the corporate-centered decisions that Senator Obama made.
I, like millions of Americans, will refuse to vote for any candidate who voted for the wholesale transfer of taxpayer monies to private national and multinational corporations... a "free" market capitalist scheam in which taxpayers seem to absorb the costs of environmental and social decay as private corporations and their owners continue to reap windfalls?! Senator Obama really let us down on this one... but... oh wait he is a corporate elitist, like all elected democrats and republicans. NADER NADER NADER.

BJ   October 2nd, 2008 12:22 am ET

As ugly as this bill is, at least they raised the FDIC insurance to $250k. This will calm some depositors and ease worries for banks, helping loosen some credit too.

Obama just does not have the qualifications and needed experience to see this crisis through.

McCain 2008
Hillary 2012

eff_dat_bailout   October 2nd, 2008 12:20 am ET

We don't need no stinkin' bailout

ohio   October 2nd, 2008 12:18 am ET

noooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooooo!!!!!!!!!!!!!!!!!!!!!!!!!1 our govenment is egnoring our voice

Anonymous   October 2nd, 2008 12:15 am ET

Who cares?

Wise White Guy   October 2nd, 2008 12:12 am ET

Probably not the best deal they could have done but enough financial experts believed it needed to happen to convince me. I am sure Barack will make any corrections needed next year.

Anna   October 2nd, 2008 12:12 am ET

Many independants, Fiscal Ultra-Conservatives and Anti-Corporation Liberals Strongly Oppose this Bill Backed by the Bush Administration, their Treasury Guru, Paulson, and Dem leaders Nancy, Barney and Harry.
Eww.
Do we have to rush into this without considering other options?

Wayne   October 2nd, 2008 12:06 am ET

It looks more and more like a landslide for Obama.

All McCain has left is nagative ads about Obama. That didn't help Hillary und for sure not John McCain, who has no new ideas anyway.

Just amagine John McCain or Obama adressing the nation.

McCain the clown and Obama the statesman.

Even today Obama showed leadership in the senate.

Yeah bring on old stories and lies McCain, you are good at it since you have nothing else to offer, but remember thats your funeral.
And all of america knows now that Sarah Palin is a joke.

I/m glad its almost over.

Obama / Biden 08

Cymro   October 2nd, 2008 12:06 am ET

All these billions for the fat cats, and not even one word for the thousands of poor families trying desperately to hang onto their homes. Only in America, eh? wodacontry!

Pat   October 2nd, 2008 12:05 am ET

What a pity that the wimps were brainwashed, cajoled, threatened or whatever into following our reckless leader – all but 25 brave Senators. This bailout won't work either. The general public is much smarter and more aware of the truth because of the internet these days. The market will tank anyway and I predict that it will go right away. We're too indebted to China and other countries so that we can subsidize the wealthiest, subsidize sports to the tune of $14B annually, and continue to reward the District of Criminals.

Meanwhile, Americans are starving, have no health care (yet we're giving it to Iraq), and gifted children can't go to college because they can't afford to.

The worst is yet to come. The party's over.

My Friends, let me tell you   October 2nd, 2008 12:05 am ET

This is just a short term fix,its enough to keep the wheels on till spring.

Ryan   October 1st, 2008 11:55 pm ET

Here we go. Political pressure. The President yelling FIRE! The moron Paulson (where has he been the last 2 years) begging for a bailout. Speculators on Wall Street crashing the market until they get their money. This is like running into a fire with a squirt gun thinking your going to put it out.

Our entire government just threw 700 BILLION dollars at a problem they created. Enough is Enough! Throw every single one of these bums out on election day. They just sold us out again.

I'm not for Obama and I'm not for McCain. But I am ready for a real change.

Lee   October 1st, 2008 11:53 pm ET

The big fish are still eating the little fish, just like always. Why is it the little guy has no power to say no to the government using our money like this. It's disgraceful, disrespectful to the taxpayers, and more pandering to the rich and powerful.

Throw all of them out of office.

tehama   October 1st, 2008 11:51 pm ET

Obama has more brains in his little finger ten bush has in his head.

G   October 1st, 2008 11:50 pm ET

something needed to be done. I just hope people understand why before they judge it. Remember on election day that 4yrs ago you guys elected Bush and look what happen.

BK   October 1st, 2008 11:48 pm ET

Obama level headed leadership? What a joke he distanced himself from the whole thing. Obama PRESENT. The man doesn't have an original idea of his own. He prayed on naive college kids and AA's. And cheated the rest out of their votes. Hope and Change UH UH what a joke.

tehama   October 1st, 2008 11:48 pm ET

what will the house do?

mac   October 1st, 2008 11:48 pm ET

If a failed President and a failed Congress give money to a failed bank, how can we fail?

Independent   October 1st, 2008 11:46 pm ET

Who were those two rude senators sitting behind Senator Obama when he was addressing Congress before the vote for this bill?

tehama   October 1st, 2008 11:46 pm ET

L ets see what the house does

Common Sense in Texas   October 1st, 2008 11:44 pm ET

What a surprise. The congress voting to bail out what they screwed up in the first place. I'm livid. No one bails me out when I make a stupid financial decision. I have to take responsibility for my own poor decisions. Fred I agree someone needs to go to jail- CEO's the head of Fannie Mae and Freddie Mac, a few congressmen and women who wouldn't heed the warnings of McCain and other Republicans a couple of years ago. Just like anything else though follow the money and you will find the crooks.

Independent, white female !   October 1st, 2008 11:40 pm ET

I think that we need to make sure that our politicians are being held accountable when they spend our hard earned tax dollars. We need to make sure that we change the way Washington does business, we need to get a little more involved, this is our country, our future, our economy, we the people should not sleep at wheel and allow Washington to continue to do what politicians have always done. We must get involved an dthat is why I support Senator Obama in his race to the white house. He is from a genration that is educated about the importnace of communication and diplomacy,highly intelligent and knows how to deal with the crumbling economy, he is a believer in transparency and we the people have supported his campaign. Unlike Mccain who has been supported by lobbyists and has sided with the big wall street moguls. He is supportive of the top 1% of the american population. His judgement call to choose Sarah Palin was one of the most compulsive and politically motivated moves ever. How can Mccain offer this type of job, at his age, to someone without vetting her properly. I interviewed my dog groomer/ walker more than he interviewed her. It is a clear sign for me that he is not the man for the job. Obama will fight tooth and nail, I just know it to make his presidency one to g down in history, not only as the first african american, but as one of the best presidents we've ever had and the best free world leader ever saw!

Kate Fergus   October 1st, 2008 11:39 pm ET

As usual, the Democrats had to give into the Republicans' need to add pork. I am sorry this had to be the case. Clearly the Senate and House members are worried about their political futures.

Tax breaks for corporations and letting banks leave their losses off the books – republican pork.

I only hope that in January when Obama becomes President, he will be able to reign in some of that pork.

RRV   October 1st, 2008 11:31 pm ET

the day capitalism died!!! formally!! Taxpayers souls sold to Goldman Sachs

Charlotte   October 1st, 2008 11:27 pm ET

Oh and by the way, any Democrat with any sense at all will steer clear of that Keating Five business. Four of the five Senators involved, (up to their eyebrows,) were Democrats who took a lot more money from Keating then McCain, and none of them testified against Keating at his trial, with the exception of McCain.

Back in the US... Back in the US...Back in the USSR   October 1st, 2008 11:26 pm ET

Okay...Let me see if I have this right:

We're using socialism to save a failed, corrupt capitalist system?

And I have to pay for this... Why???

Chuck   October 1st, 2008 11:24 pm ET

George Bush has been in office for 7-1/2 years. The first six years the economy was fine.

A little over Two years ago:

1) Consumer confidence stood at a 2-1/2 year high;
2) Regular gasoline sold for $2.19 a gallon;
3) The unemployment rate was 4.5%;
4) The DOW JONES hit a record high — 14,000 + ;
5) American’s were buying new cars, taking cruises, vacations o’seas, living large!…

But American’s wanted ‘CHANGE’! So, in 2006 they voted in a Democratic Congress and yep –
we got ‘CHANGE’ all right.

In the PAST 2 YEARs:

1) Consumer confidence has plummeted;
2) Gasoline is now over $4 a gallon & climbing;
3) Unemployment is up to 6% (a 10% increase);
4) Americans have seen their home equity drop by $12 TRILLION DOLLARS & prices are still dropping;
5) 1% of American homes are in foreclosure.
6) As I write, THE DOW is probing another low ~~ 11,100–

earth cruiser   October 1st, 2008 11:21 pm ET

Vot-em OUT all of them. We need a new congress . These greedy blood suckers ladled that bailout with 150B more in PORK favors for one another. They couldn't put out a clean bill for the sake of thepublic welfare. Gridlock is still with us even in hard times. Those old 3, 4, 5 term jerks just live off us like a tick.
Let's put all new people in congress, If we don't take back government from goverment, the Mayan calendar may come true the end will be 2012.
Vot-em OUT Now!!!!

Ron   October 1st, 2008 11:21 pm ET

The government didn't learn anything for the crash of the 1920's,they enacted laws to keep that from happening again,but special interest and big banks got it repealed. History repeats itself again,they gambles and lost but we will be paying the bill will there coffers are refilled.

There is a quote attributed to Benjamin Franklin who probably saw this day coming. “When the people find they can vote themselves money, that will herald the end of the republic.” To bad we don't have representatives in Washington that have the wisdom those men did. All they care about is getting reelected and living off our backs.

The Political Stray   October 1st, 2008 11:20 pm ET

Public opinion was running over 90% against this bailout. Anyone want to tell us that the lobbyists aren't running this country?

Un-blanking-believable..

Oddly, people still were getting credit – the lending people really scored. Amazing if you think about what they've done to the public these last few years.

Considering this mess was largely due to Congressional neglect, maybe they shouldn't be in charge of any investigations? Duhh.

Throw all the bums out. Streamline impeachment.

Outlaw lobbying.

Make lying or damaging the public body illegal.

Mrs. Texas Teacher   October 1st, 2008 11:19 pm ET

RHA.... I have to agree.. somehow someway, they always seem to bring it back to the Democrats. They have been in power for 8 years with a majority in Congress for 6 of those years, but it is still all the Democratic congress.... or don't let me forget... Bill Clinton! These people cannot accept responsibility for their dirty laundry... which is now hanging out to dry! So now we bail them out.... and these are the people who want to make the tax cut for the wealthiest 5% of this country permanent? Oh, yes..... surely McCain does not think we forget so easily? Seriously! We are sick of dirty politics that only favor the wealthy!

BK   October 1st, 2008 11:18 pm ET

Obama did nothing, except take money from Frannie just like Dodd. Where is the article about the monarator tomorrow night for the vp debate? Gwen Ifill is a Obama supporter and is writing a book about Obama. She stands to make a lot of money if Obama is elected. This is an outrage and a conflict of interest.
Cnn did you tell everyone Obama has no economic experience what so ever.
Obama-Acorn trained staff to sign people up to vote, voter fraud some are already in jail. In your face tactics. Also forced banks to make risky loans.

Obama-Chicago eliminating his opponents, so he was the only one running.
Obama- caucauses yelled and called people racist.
Obama- Obama no revote for Michigan, because he knew he would lose.
Obama-Ohio slick Chicago thug lawyer gets Ohio to vote a month early.
See a pattern here with people's votes?
Your news is biased, no wonder your ratings are dropping.

Dax   October 1st, 2008 11:18 pm ET

Why won't you post my comments? Can you answer that. I would like to participate!

pp   October 1st, 2008 11:17 pm ET

I HOPE THIS PLAN WORKS OUT BETTER THEN SARAH PALIN.

Trollmaster   October 1st, 2008 11:17 pm ET

It's best to do a less costly band aid solution for now and address this problem when we have a real president. With W Bush at the helm, our nation right now is leaderless.

It Had To!   October 1st, 2008 11:15 pm ET

Whether we like it or not, this "Rescue Plan" (aka bailout) had to happen.

...and yes, McCain still receives my vote...

Mrs. Texas Teacher   October 1st, 2008 11:14 pm ET

... can't help but recall that Bush, Jr. was one of the major recipients of the savings and loan bailout in Daddy Bush's term in office. I trust Obama to have checked this out thoroughly. So I will reserve judgement until we see how it works out. I am sure that Obama will bring this nation back to its former glory. McCain will surely lead us right down this same path after Bush! So, to me, there is no contest. Obama has to be out next President!

Bob   October 1st, 2008 11:13 pm ET

The Senate voted to have our government spend over 700. BILLION dollars of taxpayer money to bail out Wall Street financial corporations. It's more of the same: taking from middle income taxpayers to give to the big corporations. This time it is by far the biggest handout of taxpayer dollars in our history. The already huge budget deficit will increase much more, and the resulting inflation will hit us hard for a long time. The Senate failed to consult with respected economists who had no ties to the Wall Street firms. The Senate failed to consider other plans that did not involve a huge expenditure of taxpayer money. The Senate made a hasty decision that the House will probably follow. Our nation and the taxpaying public will suffer for years. It is an outrage and a disaster.

Charlotte   October 1st, 2008 11:12 pm ET

Previous article closed so, I can't name Court cases I disapprove of, at least not by name. Roe v Wade is the most famous. The prayer in school is one other. I do think the States should decide most of the issues. I like her, and feel she is being ask to be something she is not and that reflects bad on her.

Dax   October 1st, 2008 11:06 pm ET

We have to wait and see before we start throwing it down. What if we make monkey of this? Also I own a small business I need cofidence, at the very least, to return to market!!! Yesterday. People are not buying squat!

Charlotte   October 1st, 2008 11:06 pm ET

Why not give every adult in the USA 3 million, they would pay their mortgages,taxes and buy like crazy. The Government would get almost half back in taxes. The economy would flourish.

Brian from NYC   October 1st, 2008 11:03 pm ET

This is BS – where is the money for the average family that was used by all these firms to make millions! The Wall Street fat cats get bailed out while average joe can't pay their mortgage. Doesn't sound right to me!

Bill   October 1st, 2008 11:03 pm ET

Sorry, I meant 'after', not prior... :) , but my point still stands...

Mike - Lorain, OH   October 1st, 2008 11:02 pm ET

For all of those against the bail-out...

Put politics aside for a few moments and give yourself an economics lesson. Read some of the economic reasons why we are at a critical juncture; credit lending is virtually frozen. Then I suggest you do some research on the history on the Great Depression and how it could have been avoided...

After all of this, you just might reconsider supporting the bail-out plan

Fritz   October 1st, 2008 11:02 pm ET

This is a tough situation. While "bailing out" Wall Street is really not desirable, we do need to make sure our banks are adequately capitalized to lend to our American companies so they can produce goods and continue operations.
I am not sure this plan is the best way to do this: perhaps we should lend to American companies directly and the plan seems to concentrate too much power in Paulson's hands.
Let's hope that the execution of this plan occurs prudently.

bob in LA   October 1st, 2008 11:01 pm ET

Good! When do I expect my check for stock losses? How soon do execs that were WAY over paid send back the money they received?
Not happening? Gee- I'm shocked!

citizen   October 1st, 2008 11:01 pm ET

Taxpayers should LOUDLY voice their digust with their elected officials for backing this bill, and oust these politicians who keep selling us out!

Hillary Independent finally for Obama   October 1st, 2008 11:00 pm ET

I think Sarah Palin might do well tomorrow night if she is allowed to only trash Obama.

She can be asked a question and will totally ignore it and start repeating all the "isms" that her handlers have been cramming into her head the past week, all negative comments about Obama.

She might even put some complete sentences together and combine several into a paragraph and actually sound intelligent.

Don't think it is going to be a circus. She might make a good show.

Eric   October 1st, 2008 10:59 pm ET

Wow! I have been reading the comments on this site. When did CNN become a forum for liberal comments only? The election polls show a closer race than all the comments listed here. You would think the commentary would follow election trends hmmmm – unless CNN purposely doesn't post the republican/conservative view. Great job CNN – good way to be objective reporters.

Haley   October 1st, 2008 10:57 pm ET

It had to be done – even if it sort of sucks. Though really, if I hear the term "Main Street" one more time, I may cry. The cities and coasts do exist as well!

kim west slope colorado   October 1st, 2008 10:57 pm ET

Walkout against the bailout10:00am 02.02.2008.

Sammy   October 1st, 2008 10:56 pm ET

Considering this is more or less a bipartisan vote, it shows up the house republicans as irresponsible. To all those who complain about this bill: its not perfect and the product of some hard compromising. I wouldnt call it a great bill either. But thats how things work in any piece of major legislation. Any. To expect anything less is irrational.

kim west slope colorado   October 1st, 2008 10:54 pm ET

Please take time to review the "bailout plan" already changed to "rescue plan". This is why we should vote out all the congressional people who vote for this (senators, reps, what ever). I am sure they are the ones who will be bailed out. Earmarks, special interest projects no way, please. That's not what this is supposed to be about.

Anyone up for a walkout against this?

Moe, NY   October 1st, 2008 10:53 pm ET

I say no to bailing out the failing corporations. Let the chips fall where they will. I, for one, do not want to bail out Bush and Cheney's wealthy friends...let them eat cake for once!

Lee A. Royster Jr.   October 1st, 2008 10:52 pm ET

If we, the American people still think that these so-called 'representatives" serve us and our interest then we're delusional! I will not be voting for a Democrat or Republican this Novermber. We are insane if we keep voting for the same two-party candidates over and over again expecting different results.

So, we have a choice between a "maverick reformer" and "change we can believe in"...YEAH RIGHT!

Matt   October 1st, 2008 10:45 pm ET

John McCain is the kid who guesses "c" for every single multiple choice question. Ergo, sometimes he gets it right. But Palin was a "c" too...and that nattering twit is proof that the method doesn't work.

leslie song   October 1st, 2008 10:45 pm ET

Yes, thanks to the republicans and John McCain himself as well, who deregulated wallstreet and for years, provided no oversight as their pals made millions stealing people's pension funds, we will now reach deep into our already deficit ridden pockets and dole out a bailout – because they have us with a gun to our heads and we have no choice. But we can change this country now with Obama and make it different from here on in! So register and vote for an America that will be for the PEOPLE.

leslie song   October 1st, 2008 10:44 pm ET

Yes, thanks to the republicans and John McCain himself as well, who deregulated wallstreet and for years, provided no oversight as their pals made millions stealing people's pension funds, we will not reach deep into our already deficit ridden pockets and dole out a bailout – because they have us with a gun to our heads and we have no choice. But we can change this country now with Obama and make it different from here on in! So register and vote for an America that will be for the PEOPLE.

Bulldog   October 1st, 2008 10:43 pm ET

Good!!!! About time they do something together.

why   October 1st, 2008 10:39 pm ET

why the richest do not bail themselves out? They messed up.

Lisa   October 1st, 2008 10:39 pm ET

Absolutely horrible bill. It was bad enough just with the bailout of Wall Street then they made it worse with those horrible additions ... I love how our goverment has no trouble suspending reality whatsoever. Where does all this money come from? Oh yeah, they can just print some... it'll be worthless (or at least worth less) but who cares...right?

Call it down the middle   October 1st, 2008 10:39 pm ET

It's not a moment too soon, the market is on the verge of collapse! I don't like the thought of bailing out companies that were mis-managed, but if the bottom fell out of the market many everyday American's would lose money! Many people would lose a vast percentage of their 401k's, 403b's, or 457 plans.

I could care less about the CEO's, and their incompetent board of directors. Not only did they ruin the companies they worked for, but they also created a nation crisis. I don't think they deserve a penny, much less millions of dollars for the problems they caused. I think if they broke the law in any way, they should be brought up on charges just like Ken Lay from Enron.

laura   October 1st, 2008 10:38 pm ET

The rich get richer , the poor get poorer. business as usual

richard   October 1st, 2008 10:34 pm ET

The level of Fiscal Irresponsibility has reached new heights, now the Senate thinks they can bribe the people of America into accepting a bailout this is unwanted and un-needed. They have proved once again that they do not live in the real world and that they have no convictions, what has happedned to the party of less government and the free markets? What has happened to the country that once stood for freedom? Because of the mistakes and greed of this generation our children and grand-children will pay the price as will their children and grand-children. Vote against any incumbent Senator who voted for this bailout if you believe in America and freedom, do not let them get away with what they have done. Stand up America and defend our country from our enemy within, our leadership who thinks they know better than us, they think we don't understand, it's they who don't understand, when is the last time they took a pay cut? Let's give them a pay cut, send the bums packing. Let them taste life in the real world!

Leo   October 1st, 2008 10:33 pm ET

Stop the presses! No, wait...START the presses to print money to make it appear that we can pay for all of this. Folks, you ain't seen nothing yet. The dollar is soon to be worth a lot less than the paper it's printed on. There are only 3 ways to pay for the bailout...

1. Raise taxes...But wait, we're getting more tax breaks in the bailout plan

2. Let the government recoup some our money by taking over all the bad loans...Our government make money? Hasn't happened in the history of this country and never will

3. Print more money..exactly what's going to happen, unfortunately the rest of the world knows we're doing it and they'll be dumping dollars like over-fed seagulls. Then the inflation crisis will force Congress to save the country from itself again with some other absurd plan that will nail our coffins(or coffers) for good.

Inevitably the crooks in Washington will have to raise taxes big time or face a worthless dollar. They'll let the dust settle first and let Americans' short memory reset before they put the screws to us with huge tax increases. Watch...

Mike   October 1st, 2008 10:32 pm ET

This is extremely unfortunate. Let's hope the House sticks to its guns. If not, welcome to European socialism, folks.

gc   October 1st, 2008 10:31 pm ET

I just hope this isn't Bush's final gift to his friends. I am disappointed in the dems (my party) for jumping on board so quickly. More study should have been put into this.

Republican for change   October 1st, 2008 10:31 pm ET

McRambo is probably going to try claim full credit on this.

Paul   October 1st, 2008 10:30 pm ET

taxpayer sold out by the senate again!
remember this on election day!

Tiff of lithia springs   October 1st, 2008 10:29 pm ET

I hope it works. The 2 guys for prez seem to think so. I hope they divide the money up and don't give the second installment until BUSH leaves office.

Chappy in Jacksonville   October 1st, 2008 10:29 pm ET

I do support this measure. I do so with reservations. "If," and that is the
key word here, if we REALLY start changing the mentality of a greedy and sleezy Wallstreet "get profits in any means," then we will have a chance in the future. As a Chaplain, I work with the elderly, and those hard working folks who have put their money in Money Market accounts, 501k, and other vehichle's for retirement. For me my bank went under and is now a Citicorp. Nope, we Chaplains don't make the big money. However during this last week, I have seen REAL FEAR.
Fear that has turned to a helpless state of mind among many.
Again, WE must keep the politicians HONEST. That is going to be the hard issue at hand. This is NOT a bail out , rather a rescue, per Senator McCain. Tonight, the Senate stood up to calm fears. I hope the House will do the same soon. WTG, you Women and Men of the Senate for working together 5 weeks before a Presidential Election.
The Bill is not perfect, nor are we perfect. But to see Democrat's and Republican's work together for the GOOD of OUR country, IT is a start.
May God help us to come together as people of the GREATIST country in our time. May WE as voters, keep this measure and the safegards
in place so that greed will be regulated and those who break this promise to the American people, PAY dearly if disturbed.
,

fred   October 1st, 2008 10:29 pm ET

This is a disgrace, does anyone in the senate or congress have a original thought , why the would they listen to anything Bush has to say . He knows nothing about running a business or a country. They should all go to jail along with the CEO'S .

disgusted in So. Fl.

republicans hate america   October 1st, 2008 10:29 pm ET

GOP will find a way to criticize this they just hate to see Obama showing level headed leadership.

Shirley-Ohio   October 1st, 2008 10:26 pm ET

That good. I know what they are doing. I did not want to bail out wall street, but I knew we had to. I have children and I want them to have a decent economy and besides they were going to get it from use one way or the other.

Jeff Spangler, Arlington, VA   October 1st, 2008 10:17 pm ET

"We accomplish volumes"?! Of what– dearly bought time until the citizens you've saddled with funny paper wake up to an inevitable and profound economic downturn in a once-great country which has been raped by criminal greedheads and has tapped out its global creditworthiness? I'm voting early on Saturday against all incumbents. If it weren't outright seditious, I'd advocate the armed overthrow of the federal government.

fred   October 1st, 2008 10:17 pm ET

what a bunch of liars and thiefs, using the same scare tatic they did for the Iraq war , they were wrong then and they are wrong now.

Tom Ross   October 1st, 2008 10:15 pm ET

"Slip-sliden away, slip-sliden away, All the people say, slip-sliden away."

The Foxes are guarding the Hen House.

"Come now let us see," Puck said, "What fools these humans be."

ROTFLMHO, How is our bankrupt government going to give us our 250,000 by delay and inflation alone.

"Slip-sliden away, slip-sliden away, All the people say, slip-sliden away."

Now? Who is going to jail for ripping the American people off...No one? Go figure...

"The end is just a little bit harder when.... brought about by friends."

"Slip-sliden away, slip-sliden away, All the people say, slip-sliden away."

Wall Streets evil greed I understand, the fact no one is being disciplined for it, I don't.

brianq   October 1st, 2008 10:15 pm ET

OMG we are in trouble

susie   October 1st, 2008 10:15 pm ET

Obama's ACORN was to get $20 million.

Frank from Peterborough   October 1st, 2008 10:14 pm ET

Isn't it refreshing to see what can happen if McCain quits his childish antics of interfering in a process he has no business being in other than speaking for it or agaist and voting on the package. Lesson to John quit trying to fool people and you won't find so much egg on your face.

Anonymous   October 1st, 2008 10:13 pm ET

OMG we are in trouble

Ron was a REP now a DEM   October 1st, 2008 10:09 pm ET

In deeper than the original bailout. Now there are tax breaks, and increased insuranceon money in FDIC insured banks. Ha Ha like any of us that are going to bailout this mess have even $100,000.00 in the bank. More of the rich taking care of themselves

davo   October 1st, 2008 10:07 pm ET

This is an 850 BILLION dollar transfer of money from the tax payer to the wealthy of America. I’ am sure that a large amount will enter the pockets of our money stealing senators and representatives.
Did you know that my and your grandchildren will be paying for this until they are 65 years old?

WE are stealing the life blood of our grandchildren, what a disgrace!

David   October 1st, 2008 10:06 pm ET

Yes, isn't it amazing what you can accomplish when you all actually work. Why does it take a catastrophe to get the house and senate off their a–? You have all had a free ride for the last 8 years. It's time to do what your paid to do. Work for the American People. But please don't wait for a disaster to do your job.

bobbi   October 1st, 2008 10:06 pm ET

WELL, SO MUCH FOR WHAT THE AMERICAN PEOPLE.

No Hillary = No Obama   October 1st, 2008 10:04 pm ET

Did you hear these congressional dinosaurs patting themselves on the back, by name – Harry Reid stating he has been in the senate for 26 years – THAT'S THE PROBLEM – 26 years of entrenchment, rote behaviors, going through the motions – that's why we are in this mess – it's one big exclusive club. TERM LIMITS would have prevented this negligence.

Marilyn   October 1st, 2008 10:01 pm ET

Good, I was proud of the Senate Leaders and they were proud of themselves. They were really happy that they worked together in a bi-partisan fashion to make this work. This could also be good for both parties and the American People. Working together Works because we are all Americans.

annie - never again a dem.   October 1st, 2008 10:01 pm ET

Now let's arrest the politicians who created this mess! dodd, obama, frank, kerry, pelosi and on and on.

Barbara CA   October 1st, 2008 9:59 pm ET

Now that was one of the greatest examples of Bipartisan Democracy that I have seen in a long time.

To paraphrase a poem: Republicans and Democrats ‘upon one tether and running beautiful together.'

Thank you men and women of the Senate. With great courage, at this place in time, you did what you felt was best thing for the American people.

One man, one vote.

peggy deweese   October 1st, 2008 9:58 pm ET

I heard on a local radio station that some of our enemy countries are funding obamas presidential campaign. Isnt it illegal for a person to accept money like that from another country for presidential reasons?
Also, the same station said that obama got around 200 million from fannie mae and it is part of the reason we are in a mess. Mc Cain wanted to investigate but obama was against it. I think people should look a little deeper int o obamas dealings before they trust him with our country.

Greg Simmons   October 1st, 2008 9:58 pm ET

Congratulations! We (the people) just got one step closer to absorbing billions of dollars of toxic debt! And you think your prosperity is being protected by this?!?!? Thanks senators, for betraying us, for betraying the free market that would've corrected the problems that YOU created in the first place! This country is doomed, not because of corporate greed and Wall Street, but because of a bloated, incompetent, corrupt government and the ignorant citizenry that feeds its insatiable appetite. Welcome to the Great Depression 2.0.

Hillary Supporter for McCain/Palin   October 1st, 2008 9:58 pm ET

I a citizen of the US and register voter DON'T. Obama, if you had any chance to win my vote, you just lost it. McCain you too lost it unless Palin gives me a good reason to jump back on the wagon.

October 1, 2008 – FREEMDOM IN AMERICA DIED!

Never Forget   October 1st, 2008 9:57 pm ET

74-25? How can so many be so stupid? Why do they refuse to hold hearings about this course of action? Why do they blindly eat up the dire warnings of Bush, when he has been shown time and again to be either a bald-faced lier, or someone who is easily misled?

These senators must think they are safe because they aren't up for re-election for a couple of years, but that $800 BILLION isn't going to be paid off for a very, very, long time, and I won't forget.

annoyed   October 1st, 2008 9:57 pm ET

well, lets see what good it does... or what damage it does? depends on the house and well whatever happens were up to our necks in it now. watch stocks crash tomorrow and will see how investers respond to their great failsafe.

The Real Issues   October 1st, 2008 9:56 pm ET

The Real Issue is that the Bush Administration let this train go off the track and our Senators had no choice except to put the train back on the track. However, there are many problems that have to be remedied and perhaps the problems will be solved gradually. My fellow Americans, we must do things differently or we will have the same results.......and I don't think we want this anymore.

Mad   October 1st, 2008 9:55 pm ET

Thank god!
Even though I don't approve of the golden parachutes etc. but still- 10,000 people losing their homes each day its too much.

Biden had a lot of support from credit card companies (some may call it lobbying media doesn't even mention it)

Um I trust...McCain over a 4 year all liberal no bipartisan afgan war monger with a vp who takes from credit card companies anyday

Annie, Atlanta   October 1st, 2008 9:55 pm ET

I heard on another station earlier they had to add more tax breaks for corporations & more deregulation, to make it more appealing to House Republicans. This makes me sick. I used to hear, growing up, that the Democrats represented the people and the Republicans represented the wealthy. I figured that last part was a joke. Joke's on us, folks. Sweet dreams.

Lovely in VA   October 1st, 2008 9:55 pm ET

Buh Bye McShame! You should have voted NO and given reasons why not at this time. You're a dummy! Rushlo is not gonna like this!

Go BARACK! Up by 8 in VA!

Lisa Kruger   October 1st, 2008 9:54 pm ET

After trying to call the capital switchboard all day today I am extremely dissapointed to see that our US Senate is out of touch with the citizens of these United States. They all need to be FIRED!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Karl   October 1st, 2008 9:54 pm ET

I feel truly sorry for the people of Main Street USA.

After listening to the "Senators" parade and prance it became painfully obvious how corrupt and devious the entire system has become.

The amendment that should have been added to prove the true intent of these people in power;

If this turns out, as a great many expect, as one of the worlds largest boondoggles, that those who voted it into existence be held criminally responsible.

Ignorance is not an excuse, lets see where "Senators" beliefs lay when it’s their necks on the line along with the rest of Main Street.

There may be some hope left in the House, but as the Majority Leader almost said, "Between choosing what is easy and what is right...we chose to panic the people in order to save our money"

terry   October 1st, 2008 9:54 pm ET

Now we can thank the senate foe selling the people out!!!! Borrowing money from foreign countries to pay for banks that should be held accountable for their own actions is wrong!!! How long will it be before they take all are freedom!!!!!!!

Bob   October 1st, 2008 9:53 pm ET

Communism is alive in America. I never thought I would live this long.
The Senate voting agains the will of the people. The Senate voting against the constitution voting for a spending bill that is supposed to come from the House.

Also I am dumping my support for McCain. He backed this
pork bill that will do nothing but burden all of us with more debt.
Where do I go to protest and will you all join me in voting against every congressman that voted for this bill? Every American or should I say socialist should be ashamed of this sham?

streetsmart   October 1st, 2008 9:52 pm ET

This headline really doesn't make any sense whatsoever when you read the detail! If only 60 senators voted for the bill and the outcome is 74- 25, who else voted ?

James   October 1st, 2008 9:52 pm ET

Why don't we make it a trillion and cut all taxes? How irresponsible can these people be? Republicans who supposedly had a problem with government spending were sweetened to the deal by unfunded tax cuts which add to the deficit. What is this all coming to? There is no accountability and they just run us all deeper into debt while getting re-elected by "cutting taxes" and "working across the aisle". Maybe they should go back to their constituents and tell them, "I just added the burden of another trillion dollars for your children and grandchildren, I just need your vote so I can continue to be an overpaid self indulgence joke of a representative ", then when they are too drunk off the power trip they can retire with a nice fat pension they voted themselves to have. Please, tell me this is not what the framers had in mind!!!!

Johnny Birchfield   October 1st, 2008 9:51 pm ET

Facts are a little off here. Senate bill is now at about $850 Billion. This bailout is a complete scam. Why rush legislation? Why not consult better and brighter minds that could offer proven solutions that cost the taxpayer little or nothing? Why adopt yet another Bush proprosal...the fact that this proposal comes from Bush during the last few months of his administration should be a red flag in itself.
While I feel the pain of those who are losing in money market accounts everyone born since the great depression has been taught and they were warned before investing that investing in the stock market is like laying a bet at Vegas. Now they want the taxpayer to pickup the tab for all their bad bets.
I only hope that the House Republicans have the courage to hold the line until a rationale, workable plan is developed and can be adopted.
If you read the fine print of the current bill taxpayer benefits and protections are wafer thin and pretty much discreationary.

mrsb   October 1st, 2008 9:51 pm ET

It is gratifying to see Senators work in a bipartisan wa to solve a problem. This gives me hope that maybe our government can start working again. I am tired of the constant bickering we have been seen.

Janice Il   October 1st, 2008 9:51 pm ET

All of them better pray that this works. George's cronnies must be staying up all hours printing up money, Try to imagine how long and how hard Americans will have to work to pay this off, all the while GW. will be living like a sheik in Texas. Never having to pay for war crimes or stealing or lying, care free in Crawford. Im amazed that we have not taken to the streets and very disappointed that we have not.

The Wizard of Rock and Roll   October 1st, 2008 9:50 pm ET

Excuse me ....only 100 Senators , 50 States x 2 Sen. per = 100
75 for 25 again' 1 ? Where'd u get 60....The Wizard of R&R

tony   October 1st, 2008 9:50 pm ET

Big freakin deal

Reagan   October 1st, 2008 9:50 pm ET

You can all thank McCain for getting this bill swiftly moving, ammended, and approved.

Thanks McCain!

Duop Chak, Colorado Springs, Colorado   October 1st, 2008 9:49 pm ET

Political gambles aren't good at a time like this - this bill is better than nothing. I think new rules should be drafted to prevent future financial crisis.

deb   October 1st, 2008 9:49 pm ET

how does 74+25=60. math shouldn't be this hard

Hillary F   October 1st, 2008 9:49 pm ET

I hear they added some really nice "sweeteners". So much for eliminating Pork Barrel Spending.

Hillary

The Nightingale Sings in Berkley Square   October 1st, 2008 9:48 pm ET

I wonder why CNN listed Obama first and McCain second? Why is CNN so blatantly biased?

Senator McCain comes first in the Alphabet, Senator McCain comes first in seniority, and Senator McCain comes first in protecting our values and our country.

So CNN why did you list the cotton candy man speaker before a real American Hero? Please respond.

Marie W.   October 1st, 2008 9:48 pm ET

NO BAIL OUT OF $850 BILLION!!! MY CHILDREN CAN'T AFFORD TO LIVE IN THE USA ANY MORE!!!!! WHERE IS THE MONEY COMING FROM WHEN WE ABORT MILLIONS OF FUTURE TAX PAYERS?

Warren Nesteruk   October 1st, 2008 9:48 pm ET

You have inevitably seen the beginning of the end of american economics as we know it. This bill is basically a signature for the martial law of economics. The government can do whatever they want, whenever they want, and it can not be reviewed within the court of law. How people overlook this baffles me. It is pathetic that our administration used a crisis (the economy) to gain more government power. Sounds alot like 9/11 and the patriot act, because that is exactly what it is all over again. The government has used economic fear mongering for more power, and it is disgusting.

independent in CO   October 1st, 2008 9:48 pm ET

Hoooray for wall street and crooked banks. Boo the American taxpayer. We lose. Lets go out in the street and celebrate and when we can't a get a loaf of bread for 10 bucks lets celebrate some more.

nikki kasel   October 1st, 2008 9:47 pm ET

Now is the time for the people of the United States to really show how much power we really hold and get every last one of these so-called congressmen that supported that "disaster of a bill" out of office!Let's start fresh New President!New Congress! NEW START!!! OUT WITH THE OLD IN WITH THE NEW!!!!

Jackie   October 1st, 2008 9:47 pm ET

I guess the Senators haven't been paying attention to the government...we the people! All the various posts I have seen on the internet clearly shows the American public is against the bailout bill – but as typical politicians they have ignored the people and done what they want. Well I'm doing what I want come election time – voting for NOT One Person who is currently in office – as for President – NONE OF THE ABOVE.

Mad as a hornet   October 1st, 2008 9:47 pm ET

The Senate is a bunch of traitorous folk who wouldn't know their rear end from a hole in the ground. Let's hope the House has better sense. I'm angry. I'm very angry at our government. I hope that a major backlash happens and votes these scum rats out of office. What they have done is worse than doing nothing. They should have listened to the people.

Anna   October 1st, 2008 9:47 pm ET

Yeah, Harry ried is very very happy, but atleast Palin knows that Americans are very very disappointed with this bail out. wall street criminals got rescued by American leaders.

John Orr   October 1st, 2008 9:47 pm ET

If you give the bully your lunch he will not become your friend he will just come back tomorrow for more. Sometimes it is better to take the butt whoppin and get it over with. We have to stop letting the fat cats steal from us.

Chris   October 1st, 2008 9:46 pm ET

They are fools for not listening to the people. The people own the government. They are now traitors against the citizens. If this were the 1800s, it's be much more fun!

Joseph   October 1st, 2008 9:46 pm ET

I'm not happy with it, but its about dang time.

Texas Witch Twister   October 1st, 2008 9:46 pm ET

Now the worthless house of representative who represent us the people not them need to vote iN favor of the bill. REMEMBER REPRESENTATIVES YOU WORK FOR US THE COMMON MAN. TAKE THAT INTO CONSIDERATION BEFORE YOU VOTE. IF THIS BAILOUT IS TO HELP THE HOME OWNERS THEN YOU NEED TO GO FOR IT. DO NOT HESITATE. VOTE YES.

Leisa Jennings Lynnwood WA   October 1st, 2008 9:46 pm ET

These people make me sick. So wealthy, so out of touch. I HAVE LOST 200K in my LOC. Now, this doesn't mean much to extremely wealthy senators, but BY GOD, it was all I had. Now, I have lousy credit because of foreclosure, even though I have NEVER been late on a payment in my life. My life is destroyed while the banks are bailed out. I paid off a loan on one of the mortgages with my LOC, like an idiot. I should have just foreclosed on that bank, too. If only I had known that I would get stuck with it while the banks are bailed out. I am disgusted.

Steve   October 1st, 2008 9:45 pm ET

I oppose this bill!!...all they did was add some pork to it!...Wake up people!!..

bruce   October 1st, 2008 9:44 pm ET

I can now see why big business says the heck with everyone else. I now feel that I'm looking for me only. I don't care about anyone else but number one. Let's reward stupidity. These guys are patting themselves on the backs for bailing out stupid people. Where is my hand out?

chris   October 1st, 2008 9:44 pm ET

Wow, I thought we lived in a democracy. I guess we are no better than China now ..

Paul from Utah   October 1st, 2008 9:44 pm ET

Excuse me while I go and puke. How can these idiots brag about adding another $150 billion in spending on the original proposal and be proud of it?
When did we decide to have our govt led by socialists/communists??

jeff c   October 1st, 2008 9:44 pm ET

Nothing but crooks and thugs. If anyone was still maintaining any sort of idea that congress works in the citizens' best interest, this without a doubt proves otherwise.

$teve   October 1st, 2008 9:44 pm ET

Sold out by the Senate. Guess it is the House's turn next. And here I thought The People were in charge. May 2009 we will all be in bread lines.

Ms.Ruck   October 1st, 2008 9:44 pm ET

Is this the new andimproved bill? Right?

Dave   October 1st, 2008 9:44 pm ET

Two words = Personal Responsibility

Tracy   October 1st, 2008 9:44 pm ET

Hey Senate! Go screw yourself – because that's exactly what you've done to the American taxpayer.

Unbelievably Saddened   October 1st, 2008 9:43 pm ET

To the Senate:
You've done a severe injustice to the people of this country. You will be repayed this November!

annie - never again a dem.   October 1st, 2008 9:43 pm ET

How does chris dodd have the guts to stand behind reid as reid lies and dodd knows he was the #1 money grabber from fannie and freddie. Do these corrupt politicians think the AMERICAN tax payer is gullible enought to believe their lies any longer?

ZBS   October 1st, 2008 9:43 pm ET

How well the founding fathers knew of the gravity of the issues facing us today:

"I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people every allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."

Thomas Jefferson, Letter to the Secretary of the Treasury Albert Gallatin (1802)

jason   October 1st, 2008 9:43 pm ET

I heard on CNN that Obama used his time on the floor to appeal to the most conservative Democrats in the party to please vote for this rescue package. He promises we will be using PAYGO again.

I cannot wait for real leadership. Go Obama!

SJ   October 1st, 2008 9:42 pm ET

So much for voting against earmarked bills McLiar. From $700B to $850B now.

marla schmalle   October 1st, 2008 9:41 pm ET

Senate vote sucks! If we want to provide jobs and education, lets do that with the $700B. If the Iraq war is ruining our economy, how will we sustain a doubling of the pay out with this bailout plan. So, what happened to the controls on fat cats getting more wealth out of this?? Instead we have for sweeteners the increase in FDIC inurance which is meaningless since anyone can have multiple accounts at separate banks. Other unrelated changes only cover lack of protection for tax payers liability.

Tony Independent   October 1st, 2008 9:41 pm ET

Well that's the end of a market driven democracy. I thought that having central governments controlling markets failed in the Soviet Union.This is a very dangerous step and not supported by most knowledgeable economists – a decision made in a rush for political gains. McCain and Obama- you both are undeserving of our trust to take the leadership role of this country by voting for this tax burden. Did anyone feel the world collapsing today so quickly that it had to be propped up with this enormous sum of OUR money?

Senate Stands Up for The Small Business Owner   October 1st, 2008 9:39 pm ET

Thank goodness! People fail to understand that these instruments are not valueless. There are plenty of good mortgages behind them and the taxpayers will not lose money. In fact, we stand to make quite a bit and free up the credit markets.

swen ERIC   October 1st, 2008 9:39 pm ET

both sucks

Rob   October 1st, 2008 9:37 pm ET

so where is the list of these jerks that voted for Country Club first

Sheila fr CT   October 1st, 2008 9:37 pm ET

Finally! Something good happened to America today!

Rick   October 1st, 2008 9:36 pm ET

All the Senators that voted for this bill should be voted out of office.

JP   October 1st, 2008 9:35 pm ET

It was unbelievable to see the senate working together in a bipartisan manner to get something good accomplished for our economy. Kudos to our senators! We need to put this behind us and move forward. Now the peoples' house must follow suit. Now watch everyone start with their blame games in the fallout. So I'll start........

How bout former Fannie Mae CEO Franklin Raines, a supposed Obama advisor. $90 million in 6 years. I hope the FBI has a field day with that one while investigating. I say lock him up with Rezco and put them in the same cell.

S Callahan   October 1st, 2008 9:35 pm ET

and pray that Congress doesn't. Keep your wallet private!

NoMcSame   October 1st, 2008 9:35 pm ET

I need a bailout. Please help. The hole gets deeper and China will get richer.

dl   October 1st, 2008 9:33 pm ET

about time! Now it goes to congress...Yikes. I sure hope there feelings are not hurt again...

Hillary Supporter for McCain/Palin   October 1st, 2008 9:33 pm ET

no bail out – save freedom and no goverment intervention!

patti   October 1st, 2008 9:32 pm ET

This has absolutely nothing to do with sexism. Bottom line Palin is way over her head. McCain did a disservice to his country by choosing her. Were in the heck did he get her name? She needs to bailout along with the 700 billion.

Karen   October 1st, 2008 9:32 pm ET

Well I just watched the latest reaming of American citizens. They are all smiling... they have provided each other enough coverage (you can't blame me, she voted for it too, waaah) and most importantly, these craven politicians don't have to work another weekend.

Too bad both candidates voted for this piece of garbage. I couldn't consider voting for anyone displaying such cowardice.

VR   October 1st, 2008 9:32 pm ET

This is good news in that maybe now the banks will start lending again.. Many businesses are unable to borrow right now which is leading to very difficult situation for businesses to keep employees .. If they can't borrow for inventory or receivables they can't produce anything. If you can't produce anything then you will be out of business.. the fed has to encourage banks Not Investment banks but the regular banks to lend.

Jen, California   October 1st, 2008 9:31 pm ET

With echos of Black Liberation Theology (Father?) Pfleger:

"I'm Barack Obama - and I'M ENTITLED!"

Then along comes the game changer: Hi, I'm Sarah Palin, and I love and am proud of my country !

Go, Sarah!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Shannon   October 1st, 2008 9:31 pm ET

I'm shocked Obama actually took a stand on anything, he usually is a no show, or he votes present. There must be something in it for him, it's the only way he ever puts out any effort!

Anonymous   October 1st, 2008 9:30 pm ET

wow. cant believe it . i am actually against it but i hope now that my 401K is going up again :-) and when i will buy my second house that i wont have to worry about getting a loan. other than that, we will have to pay for that and this will be tough to swallow

Rob

nyobamacan   October 1st, 2008 9:29 pm ET

I like many Americans feel conflicted about this bill. I am scared of the potential consequences enough to support it. However, our next step must be to help the millions of Americans who were inappropriately pushed into sub-Prime loans. If we put them in loans that are appropriate to their income and credit history, they'll be able to stay in their homes and help stabilize the housing market. We'll also need to focus on fixing our regulations to prevent this from ever happing again. Our bankruptcy laws need to be reformed to allow bankrupt households to have their loans re-structured. Don't you think that banks, mortgage brokers might be a little more thorough in their credit evaluation if they felt they had something to lose if the mortgage recipient goes bankrupt. What's wrong with these dealers having some skin in the game?

Beas   October 1st, 2008 9:29 pm ET

You mean Obama didn't vote Present!

Dakota   October 1st, 2008 9:28 pm ET

what happened to senator biden? i thought he was voting on it too...

Scott L   October 1st, 2008 9:27 pm ET

Let's ask Nancy Pelosi about Financial Leasing Services, Inc.

Democrats always crying Republican corruption, yet always corrupt in their own backyard. Pelosi $100k campaign contributions to her husband for "tax services".

Bill Clinton denigrating the Oval Office with cigars and a girl named Monica.

This bailout package should have been addressed years ago when John McCain warned about the Fannie/Freddie lack of oversight....yet Democrats INCLUDING Barack Obama voted AGAINST the reform act.

Liberals see what they want to see and brainwash children to sing songs praising Obama...oooooohhhhhh oooobama. Yeees weee can.

Reminds me of the children singing for Saddham Hussein. Hey, coincidence?????

E.C.Coleman   October 1st, 2008 9:27 pm ET

How can the title of this news piece read: 60 Senators vote for Wall Street Bailout? The Balilout was approved 74-25. Who else voted?
Who were the other 14 Votes For the Bail Out?

Trysh, Los Angeles   October 1st, 2008 9:26 pm ET

Good! Now the House needs to step up. I asked my boss for a golden parachute and he is still having tickle fits, so I'm going to need for the economy to stable up so I won't be forced into a politically motivated fast called starvation.

mitch   October 1st, 2008 9:24 pm ET

good news. we could use the stability, at least until after jan 20th.

Patriot   October 1st, 2008 9:24 pm ET

Senate isn't the problem – The problem lies with Barney's and Nancy's Chamber.

ltd1974 ohio for obama   October 1st, 2008 9:23 pm ET

mcshame we know how you wish you could get all the credit. sorry this election is all president obama

mobiusinformer   October 1st, 2008 9:23 pm ET

They're STILL not listening to us. ON TO THE HOUSE!!

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