Jessica Yellin | BIO
Congressional Correspondent
One senior republican tells cnn that it was just *in the last 2 days* that members started getting voter calls urging them to support the bill.
(Until then most members were getting constituent calls 90 to 1 urging them to vote AGAINST the bill.)
So just over the weekend they started hearing "from the guy who can't get a loan for his tractor because of the credit crunch".
Republican leaders say – they expect members will get many more outraged calls in support of the bill and when members come back on Thurs they will be in a different frame of mind.
They still think the bill needs to change a bit (give members a fig leaf) but the wall st drop on its own could do the trick.
| Carol-Holland MI |
September 30th, 2008 4:06 pm ET Jessica, I faxed my representative and our two Michigan senators a letter strongly in favor of the bill, the day before the vote. I don't know that my letter had any particular effect, but I'm at least gratified to see that my rep–up for re-election, no less–had the guts to vote yes. Fred Upton, thank you. Courage noted, vote in November assured. |
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| Lisa |
September 30th, 2008 4:41 pm ET Or possibly we think there is a better solution than bailing out a few CEOs and investment banks? Like giving us the $700b and letting us pay down our debts and mortgages (giving the banks more money to loan and having viable assets to loan against), investing in the stock market and investing in the economy by taking trips and buying things? How about we think about benefiting the many rather than the few. Oh, and exactly what guarantees do I have that we taxpayers will actually see a return on our "investment"? Sorry, but these same people who are telling me this are also the ones who continued to let things slide and failed to heed warnings (at least 3 years ago) about this implosion. Yeah, don't think I'm going to trust whatever they come up with very much. |
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| Boris Karapetyan |
September 30th, 2008 4:56 pm ET In order to solve the problem we have to approach it from the right .The problem is not a lock of credit, not a trust, not a illegal emigrants, nor a war in Iraq. The problem is as simple as it can be, people have no money, they are not working, there are no good jobs. You can not buy a house from the income of $8 an hour. |
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| steve lath |
September 30th, 2008 5:14 pm ET Most of the citizens of the u.s. dont want it. |
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| Andrea Tucson, AZ |
September 30th, 2008 5:15 pm ET Jessica, maybe if we left the democrates and republicans out of it and leave it up to the independants we might just get somewhere. It is like grandparents from each side fighting over the first grandchild and who they look more like. Who cares as long as he/she is healthy that is all that matters. Right now the grandchild named 'The Untied States' is far from healthy, lets get the child some help and then figure out who they most resemble. Because right now they look like the milkman. |
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| Richard Rankin |
September 30th, 2008 5:22 pm ET This is capitalism isn't it? If I make bad investments nobody is going to bail me out. A company that is mismanaged and makes bad investments should get no support. Let 'em tank. Let the Fed shore up credit yes, but a $1 trillion bailout? That would be the largest single waste of money in human history. Let congress bail out the guy who can't get his tractor. If institutions fail, that's business. They should have been smarter. That's capitalism, that's evolution. Let's weed out the idiots on Wall Street and let the smart guys flourish. |
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| Noel |
September 30th, 2008 5:31 pm ET More Fraud to allow this with our taxdollars.Why cant they wait to pass it No Hearings,to much being hidden. Looks like they got caught with their hands in the till and now their trying to put the money back.Something is fishy. |
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