Political Implications of the Bailout Bill

Friday, October 03, 2008

The House votes today on the bailout bill that passed the Senate on Wednesday. Jonathan Capehart, editorial writer for the Washington Post, fills us in on the political implications of today's vote, and what's at stake for the lawmakers who have voted for or against it.


Jonathan Capehart

Comments [7]

cecilia from Brooklyn

In layman's terms what is the diif. between the the two eco bills.Can someone give an analogy of the two? Thanks

Oct. 05 2008 12:19 PM
Annika Newell from Brooklyn

I would love to hear a breakdown of the differences between the two eco bail out bills. What are the differences between the one that did not pass and the one that did?

Oct. 03 2008 01:34 PM

it does seem that the crisis took place 2001-2006 or 7.

the market -- naturally, and as it should have -- decided that the drunks needed rehab. so the market locked the liquor cabinets.

is it not that simple? and if so, then how is the government taking action that will help us for the future?

Oct. 03 2008 12:24 PM
Jeffrey Slott from East Elmhurst

You and your guest seem to be implying that all the reluctance from passing this bail-out is coming from the politicians themselves. It is the majority of us voting Americans who are saying "no" to this corporate hand-out and for once our "representatives" are heeding us.

Oct. 03 2008 12:16 PM

(if credit is "jammed up", isn't there a market driven reason for this? I understand why car companies are upset that would be consumers may not be able to borrow to purchase cars. But is it their fault that those consumers can't afford them?)

Oct. 03 2008 12:12 PM

unless the congress requires banks to qualify borrowers -- be they businesses or families -- then passing this on friday becomes more cynical than when they failed it on monday.

and the 700 million dollars just buys a bit more time -- maybe.

Oct. 03 2008 12:09 PM

Are there ANY new controls on Paulson???

Oct. 03 2008 12:08 PM

Leave a Comment

Email addresses are required but never displayed.

Get the WNYC Morning Brief in your inbox.
We'll send you our top 5 stories every day, plus breaking news and weather.