Isaac-Davy Aronson
Isaac-Davy Aronson is WNYC's and WQXR’s evening news host and the host and producer of the newsroom's morning podcast, The Early Word.
New Jersey Congressman Explains Why He Changed His Bailout Vote
Friday, October 03, 2008
New York, NY –
"If at first you don't succeed, try, try again."
Congressmembers put that adage into action and passed the financial industry bailout plan in a vote of 263 to 171, a reversal of Monday's stunning defeat.
Among those who changed their minds is New Jersey Democrat Bill Pascrell, who says the Senate's revisions improved the bill.
PASCUE: There's a lot of junk in there unfortunately the senate put it in there the way they wrote it out but I have to look for the greater good. To me the greater good was voting for it after I watched that credit market. It just became obvious to me that we had to do something and we had to do it quickly.
REPORTER: However, another New Jersey Congressman, Scott Garett, voted against the bailout for a second time.
Of the four members of New York's delegation who voted against the first bailout plan, only upstate Republican John Kuhl changed his mind, and voted "yes."
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