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Tag: Emergency Economic Stabilization Act
Colorado Democrats Mark Udall and John Salazar and Republicans Marilyn Musgrave and Doug Lamborn stuck with their opposition to a massive $700 billion emergency plan to rescue the nation's troubled financial credit markets on Friday morning, but House leaders corralled enough votes to pass the bailout 263-171.
Colorado's congressional delegation split along unusual lines Monday, voting 4-3 against a proposed $700 billion emergency plan to bail out the nation's troubled financial institutions. The House of Representatives rejected the bill 228-205, sending markets into a panic and ending the day with the largest dollar loss in Wall Street history.
As a result of the House Republicans refusal to get on board with an economic bailout package this afternoon, it’s back to the drawing board for the White House and divided U.S. lawmakers – including the Colorado delegation.
Sharpen your red pencils. The government transparency group, Public Markup.org, posted the full text of the Emergency Economic Stabilization Act of 2008 — otherwise known as the $700 billion blank check to Wall Street — to encourage public discussion sans pundits and politicos.