October 1, 2008

Sen. Kohl votes yes on bailout; Feingold votes no

The Senate approved the economic bailout by a vote of 74 to 25. Only Sen. Ted Kennedy didn't vote. Here's CNN's report.

HERE'S the Senate Roll Call with Sen. Herb Kohl's aye and Sen. Russ Feingold's nay vote.

Shortly before Wednesday night's vote, Kohl explained his aye vote this way:
"The bailout plan is far from perfect, but failure to act would be disastrous. We cannot allow this crisis to worsen and bring down the country’s economy and ordinary Americans whose jobs, life savings, homes, college funds and retirements are on the line. As we move forward, we must put stronger regulations and oversight in place so we avoid a similar crisis in the future."

Feingold explained his nay like this:
“I will oppose the Wall Street bailout plan because though well intentioned, and certainly much improved over the administration’s original proposal, it remains deeply flawed. It fails to offset the cost of the plan, leaving taxpayers to bear the burden of serious lapses of judgment by private financial institutions, their regulators, and the enablers in Washington who paved the way for this catastrophe by removing the safeguards that had protected consumers and the economy since the great depression. The bailout legislation also fails to reform the flawed regulatory structure that permitted this crisis to arise in the first place. And it doesn’t do enough to address the root cause of the credit market collapse, namely the housing crisis. Taxpayers deserve a plan that puts their concerns ahead of those who got us into this mess.”


  1. And Pelosi paid her husband out of her campaign funds.............and it turns out Gwen Efill is a big Obama supporter and is writing a book about him.....but still is going to moderate tomorrow's VP debate......and didn't disclose her bias!!!!!!!!!!!!!!!!!!

  2. Gwen IFILL announced her book months ago and even interviewed with the Washington Post about it. McCain's team either knew and didn't care until now when it would make the juiciest gossip or they need new glasses. What's funny is that McCain's team is marketing Ifill's book at no charge! It'll be a bestseller!

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