A black bourgeoisie perspective on U.S. politics
Senate Bailout Open Thread
1 Oct 2008 Author: Jill Tubman (Cheryl Contee)From CNN:
The Senate on Wednesday night passed a sweeping and controversial financial bailout similar in key ways to one rejected by the House just two days earlier.
The measure was passed by a vote of 74 to 25 after more than three hours of floor debate in the Senate. Both presidential candidates, Sens. Barack Obama, D-Illinois, and John McCain, R-Arizona, voted in favor.
Like the bill the House rejected, the core of the Senate bill is the Bush administration’s plan to buy up to $700 billion of troubled assets from financial institutions.
Hmm…what do you think?
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