Wednesday, October 1, 2008

Senate passes new bail out bill 74-25

The Senate passed the new bail out bill today. The 74-25 majority gives it momentum heading into the House. The bill also includes extra tax cuts and an increase in teh FDIC insurance to $250,000.

The real story here is that Jim Demitt and Bernie Sanders are in agreement.

Sen. Jim DeMint, R-S.C., a leading conservative, said the step was "leading us into the pit of socialism."

Sen. Bernie Sanders of Vermont, an independent who's a self-described socialist, said the rescue was fundamentally unfair.,2933,431561,00.html

More on that development tomorrow night.

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