{"id":2903,"date":"2008-10-03T10:47:49","date_gmt":"2008-10-03T17:47:49","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=2903"},"modified":"2008-10-05T00:45:51","modified_gmt":"2008-10-05T07:45:51","slug":"party-like-its-1929-bailout-passes-house","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2008\/10\/03\/party-like-its-1929-bailout-passes-house\/","title":{"rendered":"Party Like It&#8217;s 1929: Bailout Passes House"},"content":{"rendered":"<p>It&#8217;s official: Congress is not interested in addressing <a title=\"Bailouts Don't Address the Real Problem\" href=\"http:\/\/www.voiceofsandiego.org\/articles\/2008\/10\/01\/toscano\/771bailoutswontwork100108.txt\">the underlying issues that caused this mess<\/a>.\u00a0 Instead, they would rather pour trillions of dollars we don&#8217;t have into a doomed attempt to maintain the broken status quo.<\/p>\n<p>I predict we&#8217;ll be repeating this whole routine in less than six months with a new bailout, after these hundreds of billions fail to fix anything.<\/p>\n<p>Final vote in the House: <a title=\"FINAL VOTE RESULTS FOR ROLL CALL 681\" href=\"http:\/\/clerk.house.gov\/evs\/2008\/roll681.xml\">263 Yes &#8211; 171 No<\/a><\/p>\n<p>Here&#8217;s how Washington State&#8217;s Representatives voted (<a title=\"Congressional District Map for WA\" href=\"http:\/\/www.democracyforwashington.com\/civicspace-0.5\/?q=congressmap\">district map<\/a>):<\/p>\n<p><strong>YES:<\/strong><\/p>\n<ul>\n<li>District 2 &#8211; Rick Larsen (D)<\/li>\n<li>District 3 &#8211; Brian Baird (D)<\/li>\n<li>District 6 &#8211; Norm Dicks (D)<\/li>\n<li>District 9 &#8211; Adam Smith (D)<\/li>\n<\/ul>\n<p><strong>NO:<\/strong><\/p>\n<ul>\n<li>District 1 &#8211; Jay Inslee (D)<\/li>\n<li>District 4 &#8211; Doc Hastings (R)<\/li>\n<li>District 5 &#8211; Cathy McMorris Rodgers (R)<\/li>\n<li>District 7 &#8211; Jim McDermott (D) <span style=\"font-style: italic; color: #008000;\">(voted YES first time around)<\/span><\/li>\n<li>District 8 &#8211; Dave Reichert (R)<\/li>\n<\/ul>\n<p>Kudos to Jim McDermott (that&#8217;s a phrase I never thought I&#8217;d use) for actually switching his vote to the responsible side, and to Jay Inslee and Washington&#8217;s Republicans for sticking to their principles.<\/p>\n<p>Curious what kind of pork was added to the bill to sway the votes of (at least) 57 congressmen?  <a title=\"Bailout (of rum, arrows, race tracks)\" href=\"http:\/\/www.swamppolitics.com\/news\/politics\/blog\/2008\/10\/bailout_of_rum_arrows_race_car.html\">The Chicago Tribune has a good rundown here<\/a>.<\/p>\n<p><b><i>Update:<\/i><\/b> It looks like my kudos for McDermott were premature.  <a href=\"http:\/\/seattletimes.nwsource.com\/html\/localnews\/2008227320_localvote04m.html\" title=\"McDermott casts &mdash;protest vote&mdash; against bailout\">From the Seattle Times<\/a>:<\/p>\n<blockquote><p>Democratic Rep. Jim McDermott said his opposition to the economic bailout proposal Friday was a &#8220;protest vote&#8221; made with the knowledge the bill would pass the House without his support.<br \/>\n&#8230;<br \/>\n&#8220;I told the speaker [Nancy Pelosi], certainly, if she needed my vote she could have it, but &#8230; I didn&#8217;t want to vote for it, and I really lodged a protest vote.&#8221;<\/p><\/blockquote>\n<p>I suppose I should have guessed.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s official: Congress is not interested in addressing the underlying issues that caused this mess.\u00a0 Instead, they would rather pour trillions of dollars we don&#8217;t have into a doomed attempt to maintain the broken status quo. I predict we&#8217;ll be repeating this whole routine in less than six months with a new bailout, after these&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[198],"tags":[282,305,403,104,14,108],"coauthors":[],"class_list":["post-2903","post","type-post","status-publish","format-standard","hentry","category-news","tag-bailout","tag-banks","tag-depression","tag-government_meddling","tag-predictions","tag-recession"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Party Like It&#039;s 1929: Bailout Passes House \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2008\/10\/03\/party-like-its-1929-bailout-passes-house\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Party Like It&#039;s 1929: Bailout Passes House \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"It&#8217;s official: Congress is not interested in addressing the underlying issues that caused this mess.\u00a0 Instead, they would rather pour trillions of dollars we don&#8217;t have into a doomed attempt to maintain the broken status quo. I predict we&#8217;ll be repeating this whole routine in less than six months with a new bailout, after these...\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/10\/03\/party-like-its-1929-bailout-passes-house\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2008\/10\/03\/party-like-its-1929-bailout-passes-house\/\",\"name\":\"Party Like It's 1929: Bailout Passes House \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"datePublished\":\"2008-10-03T17:47:49+00:00\",\"dateModified\":\"2008-10-05T07:45:51+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/10\/03\/party-like-its-1929-bailout-passes-house\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2008\/10\/03\/party-like-its-1929-bailout-passes-house\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/10\/03\/party-like-its-1929-bailout-passes-house\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Party Like It&#8217;s 1929: Bailout Passes House\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. His background in engineering and computer \/ internet technology, a fondness of data-based analysis of problems, and an addiction to spreadsheets all influence his perspective on the Seattle-area real estate market. 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