Quote:
Originally Posted by TheMercenary
First the Democrats in Congress Bail out the big corps
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Fuck you and your fucking revisionist history. I can appreciate an honest difference in opinions about how to best proceed to make this country better, but your blatant lies about this recent history are unforgivable.
The $700 billion dollar bailout was a
bipartisan plan devised primarily by Bush through his appointee Paulson and modified by Congress to gain the votes needed to pass it. Bush gave a speech begging Congress to support the
revised plan. And said he was "very disappointed" when they didn't at first. The Democrats and Republicans in the
House and
Senate passed it
together, and Bush quickly signed it into law the same day. You may hate the plan, but to say it is a Democrat only plan is a complete rewrite of history. You are a liar. Stop being one.
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For the record, Merc. Here's the time line:
September 29, 2008: The Emergency Economic Stabilization Act of 2008 (H.R.3997) was introduced. This bill was a revision of the Bush/Paulson plan. In an early morning White House address, Bush urged lawmakers to pass this revised plan into law.
* Just before the vote, Pelosi made some partisan comments that some Republicans didn't like.
* The bill was defeated.
* The Republicans may not have had the votes anyway.
* As a result of the defeat, the DJIA dropped 777 points that day. White House spokesman said that Bush was "very disappointed."
*
October 1, 2008: The
Senate approved a revised measure, H.R.1424. 34
Republicans and 39 Democrats voted for it.
October 3, 2008: The
House approved H.R. 1424 on October 3, 2008. 91
Republicans and 171 Democrats voted for it. President Bush, a
Republican, quickly signed it into law the same day.
*