January 15th, 2009
04:58 PM ET
14 years ago
Senate approves release of additional $350B for bailout
WASHINGTON (CNN) - The Senate voted Thursday afternoon to release the remaining $350 billion dollars of the Troubled Asset Recovery Program (TARP) bailout fund.
The Senate's 52-42 rejection of a resolution of disapproval on the release of the funds means that President-elect Barack Obama can spend the money with no additional restrictions.
Bright group of senators.
Way to go Sens, please support the President Elect Obama. We have gone as low as possible, let's begin a upward journey.
Good; now let's get to work.
Why is the Senate now so concern about the money? Thye issue of $350 billion to top CEOs and they have no idae as to what they did with the money, now when PE Obama ask about the money you want to give hime issues about it, Go and find out what the the CEOs do with the money the only thing that the Senate did was made the rich RICHER and the poor well you now still the same POORER
Only the morons of the Republican party would have argued that Bush's mishandling of the first half of the TARP money is reason to block Obama's access to the latter half.
give us the vote-by-party breakdown
Excellent, the Senate is actually learning to work together for the betterment of America!
GREAT......now we really need his Treasury Sec. appointed. I guess this is one point for Team Obama.........
What the report should have said is that Obama can now spend TAX PAYERS money with no restrictions. Obama and his fans can veto these...!
I hope with extended accounting restrictions... the American people are doing poorly, and these people are receiving a super welfare bailout.
If no accountability, then DO NOT count on my vote.
I knew the news was blowing that way out of proportion
Let's cross our fingers and hope it doesn't turn into another carte blanche for financial institutions.
I guess a veto won't be necessary after all
The chosen one will spend it wisely !
I voted for Obama because I believe in his vision and plan for America. I 'm relieved the senate has agreed give him an opportunity to fulfill that vision. He can't do any worse than Bush!
No additional restrictions? However you feel about the TARP funds this is a big mistake. The first 350 Billion had no oversight and now the next 350 Billion will not have oversight. Another great job by the Democratic Congress!
Remeber 42 Senators need to be re-elected.
Republican scum wouldn't vote for the release unless their fat cat banker friends got more money for bonuses and trips to Barbados.
Next up, tax increases for the fat cats, tax cuts for the productive workers
Better get ready for more sellouts. The Dems are in charge and the only way they know to solve a problem is to throw money at it, especially taxpayer money.
wow!!!
Already great success before he even takes power.
Go President-elect OBAMA
Obama is a windbag. Pelosi is even worse.
Funny how the first bailout did NOTHING for our economy and now we are doubling down. Is anyone even paying attention?
Morons. Congratulations, you elected the Planter's Peanuts club to office.
Just more of our hard earned tax dollars going down a black hole.
Obama.... please use this money wisely. Thanks!
More fuel for the incoming Socialists and their comrades in Congress. God Bless America, God Help America - this sure isn't it.