Monday, September 15, 2008

Ny times article

On Wednesday, the Senate passed the $700 billion bail-0ut plan 74-25. Both presidential canidates voted for the plan. This bill was passed after the recent slowing of the economy. The senate had to revise the bill after it had yet to pass early. Some revisions were $150 billion in tax breaks, increasing amount of bank deposits in FDIC by $150000, and also legislation to make insurers treat mental health maladies more like general health. These changes seemed enough to pull the majority vote to pass it. I feel that it was a good idea to pass this bill because our economy has really been hurting and this will definately help it, although it's hard to say how much.

Hulse, Carl. "Adding Sweeteners, Senate Passes Bailout Plan." 1 Oct. 2008 1 Oct 2008 .

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