The Political Voices of Women

The Senate has just passed the $700 billion dollar bailout bill.

Sen. Bill Nelson (D-FL) speaks on the Senate floor, in opposition to the $700 billion bailout.

Senate passes $700 Billion “rescue” Bailout Bill…

After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the Senate and gaining ground in the House, where Republicans opposition softened.

Senators loaded the economic rescue bill with tax breaks and other sweeteners before passing it by a wide margin, 74-25, a month before the presidential and congressional elections.

From The Swamp…

In a rare show of bipartisan spirit, both of the presidential candidates also have lent their support to the measure. And both left the campaign trail to lend their votes to passage of the Senate bill.

“Even with all these taxpayer protections, this plan is not perfect,” Sen. Barack Obama (D-Ill) said today. “Democrats and Republicans in Congress have legitimate concerns about it. I know many Americans share those concerns. But it is clear that this is what we must do right now to prevent a crisis from turning into a catastrophe.

“I am pleased (measures) are being added to improve the original bill,” Sen. John McCain (R-Ariz.) said. “If we fail to act, the gears of our economy will grind to a halt.”
Leaders of both parties, allied on the basic plan and struggling to bring more House Republicans into the fold, predict that a strong bipartisan Senate vote will add impetus for House passage.

“I think the Senate thinks it has the votes and I think it probably will pass,” said House Majority Leader Steny Hoyer (D-Md.)

What do you think about this?   Do you think it helps the Obama campaign to support a Bush Bailout Bill?  Do you think this will Bill will pass in the House?  Let me know what you think in comments.

Here is my two cents…

McCain is falling in the polls.  He needs to come out of this bailout thing on top, and Obama has set him up to do just that.  I think once the public outrage over this bailout is at it’s peak, McCain will pull a “gottcha” and announce he is now against it because of all the pork barrel spending.   He will claim to be the candidate that will “risk his campain” to do right by the American people.  Who will be the “change” candidate then?   But…I hope I am wrong.