Word: monday
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After the bailout bill went down in defeat, most of the legislators who had voted against it sang this refrain: The voters made us do it. Indeed, before Monday's vote, angry constituents overwhelmingly panned the plan championed by Treasury Secretary Henry Paulson. The volume of e-mail crashed the House's website. After Wall Street tumbled 778 points, voters are still mad - and now even more confused. Representative Steve LaTourette, a Republican from Ohio, tells it this way: until Monday, the calls and e-mails to his office were 200-to-1 opposed to the bailout. But after...
...asked, "We don't have any stocks, do we, Mom?" She said she soft-pedaled any concerns about his college fund to stop the panic. Biehl, whose parents filed for bankruptcy when she herself was in college, wrote: "I briefly explained that it's all cyclical." Still, on the Monday of the vote and subsequent market crash, Biehl took a look at her 401(k) and discovered she had lost $6,300. "But then I thought, I have still doubled my money since I first started investing and - as I wrote in my blog - this too shall pass," she says...
Georgia Eleven of the state's 13 Representatives voted against the bailout on Monday - decisions that may have had added impetus thanks to Georgia's recent gas shortages. Representative Hank Johnson, a Democrat, says locals have been waiting in long lines for gas and paying big prices to fill up, which could be "partially responsible for people's desire not to bail out Wall Street." An editorial in Tuesday's Marietta Daily Journal gave a thumbs-up to the thumbs-down on the bailout, calling it the "right move from a long-term perspective, but what it means...
...main fault line is a familiar one: illegal immigration. McCain and his allies in Arizona, including most of the state's congressional delegation (though it unanimously voted Monday against the Wall Street bailout plan pushed by McCain) and many of the state's leading business interests, favor a dual approach combining enforcement and a path to citizenship. The rambunctious populist wing of the state GOP, led in part by state representative Russell Pearce from Mesa, favors a much tougher stance of deportations first and foremost...
...angry and hyperpartisan statement released by the McCain campaign are exactly why the American people are disgusted with Washington," Obama spokesman Bill Burton said in a statement. "Now is the time for Democrats and Republicans to join together and act in a way that prevents an economic catastrophe." Given Monday's blame game, the odds of both sides rising to the occasion don't look very good...