House sends message, President weak

According to AP "The House on Monday defeated a $700 billion emergency rescue for the nation's financial system, ignoring urgent warnings from President Bush and congressional leaders of both parties that the economy could nosedive into recession without it. Stocks plummeted on Wall Street even before the 228-205 vote to reject the bill was announced on the House floor. Bush and a host of leading congressional figures had implored the lawmakers to pass the legislation despite howls of protest from their constituents back home. Despite pressure from supporters, not enough members were willing to take the political risk just five weeks before an election.
Ample no votes came from both the Democratic and Republican sides of the aisle. More than two-thirds of Republicans and 40 percent of Democrats opposed the bill." President Bush will meet with his economic team to determine what to do next. The biggest obstacle of the bailout is the enormous amount of taxpayer money that will be given to Wall Street, instead of loans that would be repayed over time. In addition, such a bailout gives the government extraordinary power, power it is likely never to give back.

There are 36 days until the presidential election. There are 112 days left in the Bush presidency. And, it's been 2,772 days since there's been a terrorist attack on US soil. Good day and God bless!