So the publicly unpopular, bipartisan-supported $700 billion bailout plan has died, and largely due to the Republican voters. And now we're all wondering, among other things, what will the media say about our presidential candidates, who both publicly supported the failed bill?
So far, news outlets seem to be reporting just the facts, the 228-205 defeat of the bill and the subsequent Wall Street plummet. Few have commented yet on the effect this will have on the current presidential campaign, and maybe because, it's just not that important at the moment.
Interestingly enough, the assumed Republican support was just not there. However, the Senate still has to vote on the plan on Wednesday, and depending on the outcome of that event, there will probably be a move for reconsideration in the House. As for the rest of us, I concur with this viewer's comment on the Huffington Post: Chickeyd says, "I don't know if this is a good thing or a bad thing, that it didn't pass. I think that's the crux of the problem - no one knows."
12 years ago
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