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Politics : Politics for Pros- moderated -- Ignore unavailable to you. Want to Upgrade?

To: miraje who wrote (271322)	9/29/2008 10:17:42 PM
From: Ruffian	1 Recommendation Read Replies (1) \| Respond to of 793931

Breakdown of Votes for $700B Bailout Bill by Party (Arranged by State) Monday, September 29, 2008 DEMOCRATS YEA Ala. - Cramer, Davis Ariz. - Berry, Ross, Snyder Calif. - Berman, Capps, Cardoza, Costa, Davis, Eshoo, Farr, Harmon, Honda, Lofgren, Matsui, McNerney, Miller (G.), Pelosi, Richardson, Speier, Taushcer, Waters, Waxman, CO-DeGette, Perlmutter Conn. - DeLauro, Laron, Murphy, FL-Boyd, Brown, Hastings, Klein, Mahoney, Meek, Wasserman, Schultz, Wexler Ga. - Bishop, Marshall Ill. - Bean, Davis, Emanuel, Foster, Gutierrez, Hare, Schakowsky Ind. - Donnelly, Ellsworth Iowa - Boswell, Loebsack Kan. - Moore La. - Melancon Maine - Allen Md. - Hoyer, Ruppersberger, Sarbanes, Van Hollen Mass.- Capuano, Frank, Markey, McGovern, Neal, Oliver, Tsongas Mich. - Dingell, Kildee, Levin, MN-Ellison, McCollum, Oberstar Mo.- Carnahan, Skelton N.J. - Andrews, Holt, Pallone, Sires N.Y. - Ackerman, Arcuri, Bishop, Clarke, Crowley, Engel, Hall, Higgins, Israel, Lowey, Maloney, McCarthy, McNulty, Meeks, Nadler, Rangel, Slaughter, Towns, Velazquez, Weiner N.C. - Etheridge, Miller, Price, Watt N.D. - Pomeroy Ohio - Ryan, Space, Wilson Okla. - Boren Ore. - Hooley Pa. - Brady, Doyle, Fattah, Kanjorksi, Murphy (P.), Murtha, Schwartz, Sestak R.I. - Kennedy, Langevin S.C. - Clyburn, Spratt Tenn. - Cohen, Cooper, Gordon, Tanner Texas - Edwards, Gonzalez, Hinojosa, Johnson, Reyes Va. - Boucher, Moran Wash. - Baird, Dicks, Larsen, McDermott, Smith W.Va - Mollohan, Rahall Wis. - Baldwin, Kind, Moore, Obey, DEMOCRATS NAY Ariz. - Giffords, Grijalva, Mitchell, Paster, Calif - Baca, Becerra, Filner, Zee, Napolitano, Roybal (Allard), Sanchez (Linda), Sanchez (Loretta), Schiff, Sherman, Solis, Stark, Thompson, Watson, Woolsey Colo. - Salazar, Udall Conn. - Courtney Fla. - Caster Ga. - Barrow, Johnson, Lewis, Scott, Hawaii - Abercrombie, Hirono Ill. - Costello, Jackson, Lipinski, Rush Ind. - Carson, Hill, Visclosky Iowa - Braley Kan. - Boyda Ky. - Chandler, Yarmuth La. - Cazayoux, Jefferson Maine - Michaud Md. - Cummings, Edwards Mass. - Delahunt, Lynch, Tierney Mich. - Coyners, Kilpatrick, Stupak Minn. - Peterson, Walz Miss. - Childers, Taylor, Thompson Mo. - Clay, Cleaver Nev. - Berkley N.H. - Hodes, Shea-Porter N.J. - Pascrell, Payne, Rothman N.M. - Udall N.Y. - Gillibrand, Hinchey, Serrano N.C. - Butterfield, McIntyre, Shuler Ohio - Kaptur, Kucinich, Sutten Ore. - Blumenauer, DeFazio, Wu Pa. - Altmire, Carney, Holden S.D. - Hurseth, Sandlin Tenn. - Davis, Lincoln Texas - Cuellar, Doggett, Green (Al), Green (Gene), Jackson (Lee), Lampson, Ortiz, Rodriguez Utah - Matheson Vt.- Welch Va. - Scott Wash. - Inslee Wis. - Kagen REPUBLICANS YEA Ala. - Bachus, Bonner, Everett, Rogers Ariz. - Boozman Calif. - Bono (Mack), Valvert, Campbell, Dreier, Herger, Lewis, Lungren, McKeon, Miller (G), Radanovich Colo. - Tancredo Conn. - Shays Del. - Castle Fla. - Crenshaw, Putnam, Weldon Idaho - Simpson Ill. - Krik, LaHood Ind. - Souder Ky. - Lewis, Rogers La. - McCrery Md. - Gilchrest Mich. - Camp, Ehlers, Upton Minn. - Kline Miss. - Pickering Mo. - Blunt, Emerson Nev. - Porter N.J. - Ferguson, Saxton N.M. - Wilson N.Y. - Fossella, King, McHugh, Reynolds, Walsh Ohio - Boehner, Hobson, Pryce, Regula Okla. - Cole Ore. - Walden Pa. - Peterson S.C. - Brown, Inglis, Wilson Texas - Brady, Granger, Sessions, Smith Utah - Cannon Va - Cantor, Davis, Wolf Wis.- Ryan Wyo. - Cubin REPUBLICANS NAY Ala - Aderhold Alaska - Young Ariz. - Flake, Franks, Renzi, Shadegg Calif. - Bilbray, Doolittle, Gallegly, Hunter, Issa, McCarthy, Nunes, Rohrabacher, Royce Colo. - Lamborn, Musgrave Fla. - Bilirakis, Brown-Waite, Ginny, Buchanan, Diaz-Balart (L), Diaz-Balart (M), Feeney, Keller, Mack, Mica, Miller, Ros-Lehtinen, Stearns, Young Georgia - Brown, Deal, Gingrey, Kingsten, Linder, Price, Westmoreland Idaho - Sali Ill. - Biggert, Johnson, Manzullo, Raskam, Shimkus Ind. - Burton, Buyer, Pence Iowa - King, Latham Kan. - Moran, Tiahrt Ky. - Davis, Whitfield La. - Alexander, Bustany, Scalise Md. - Bartlett Mich. - Hoekstra, Knollenberg, McCotter, Miller, Rogers, Walberg Minn. - Bachmann, Ramstad Mo. - Akin, Graves, Hulshof Mont. - Mehberg Neb. - Portenberrym, Smith, Terry Nev. - Heller N.J. - Frelinghuysen, Garrett, LoBiondo, Smith N.M. - Pearce N.Y. - Kuhl N.C. - Coble, Foxx, Hayes, Jones, McHenry, Myrick Ohio - Chabot, Jordan, LaTourette, Latta, Schmidt, Tiberi, Turner Olka. - Fallin, Lucas, Sullivan Pa. - Dent, English, Gerlach, Murphy, Pitts, Platts, Shuster S.C. - Barrett Tenn. - Blackburn, Davis, Duncan, Wamp Texas - Barton, Burgess, Carter, Conway, Culberson, Gohmert, Hall, Hensarling, Johnson (S), Marchant, McCaul, Neugbauer, Paul, Poe, Thornberry Utah - Bishop Va. - Drake, Forbes, Goode, Goodlatte, Wittman Wa. - Hastings, McMorris, Rodgers, Reighert W.Va. - Capito Wisc. - Petri, Sensenbrenner

To: miraje who wrote (271322)	9/29/2008 10:22:35 PM
From: Ruffian	Respond to of 793931

The GOP, IMO, should have stood toe to toe with the President and given solid backing to this unfortunately necessary piece of legislation and, at the same time, explained to the American public in a clear and concise manner, exactly how the Democrats were responsible for getting us into this situation in the first place and what is needed to ensure that it won't happen again.. never happen, Bush is viewed like the plague........plus only Hannity would put it on...........

To: miraje who wrote (271322)	9/29/2008 11:18:21 PM
From: Ruffian	Respond to of 793931

Market's Got You Worried? Just Watch for the Layoffs By DENNIS K. BERMAN "It's all RIFs. A lot of RIFs." That's reduction-in-force. Business-speak for layoff. And in the words of one top corporate handler last week, the cuts are being prepared across the economy, just days before the presidential election. Impending cuts would follow in part from the past 12 months of economic woe. But a more acute link to layoffs has emerged in the past 12 days, a period when the credit markets have squeezed shut. Many seem to view these changes as arcane Wall Street machinations. If only. The credit connection is clear in a look at General Electric, a company at the top of the corporate pecking order. GE is regarded as such a stable, reliable company, that it also runs a bank. That stability helps it borrow at a very low cost, which it can then use to lend to others at a higher rate. One such type of borrowing is called commercial paper -- short-term, low-cost loans often made for just a month. Commercial paper is like the WD-40 of corporate finance, lubricating the joints of the financial system, helping sellers bridge costs between the time they deliver a product and when they get paid, for instance. Without commercial paper, the economy rusts over. GE for long has gorged on commercial paper -- with some $97 billion outstanding at the end of June, or about 18% of its entire debt load. The problem is that the market has contracted sharply, as lenders grow weary of anyone holding on to their money for longer than a few weeks. Many companies such as Morgan Stanley aren't even trying to access this market. GE at least has some clout left. But it has to pay extra for the privilege of borrowing. These days, debt traders say, GE commercial paper is priced at 0.4 percentage point higher than in recent months. That may seem like a minuscule amount, until one realizes it is spread across about $90 billion of standing commercial-paper balances. It means, roughly, an extra $360 million of costs straight off GE's bottom line. That is partly why the company last week announced that for the first time in 30 years it wasn't raising its dividend. And that is why it slashed its overall earnings forecast for this year by about 10%. Holding Out for 15% But that isn't the half of it. People who traffic in bonds say that some of GE's longer-dated debt -- at about nine months -- was swapping between traders at a price Monday that gives a 10% annual yield. That is a stunning number, they say, given that this type of paper just months ago was priced in the 4% range. "That's the best credit around," said one trader yesterday. His strategy: Hold out for a 15% yield. Remember, this is GE, one of the few AAA-rated companies, and a bedrock of American industry. And as its costs go up, it also is likely to charge others more to borrow from it. Unless a sharp uptick in confidence sweeps through the markets, higher rates will cascade across less-solid companies, if they can get hold of cash at all. The scary part is that few companies have the same financial cushion as GE. And as their borrowing costs increase, they will have to scramble to cut their fixed costs. And what is the No.1 cost of business? People. Right now the unemployment rate is at about 6.1%, up substantially since the beginning of the year, but still well below the highs of the early 1980s. It was, in fact, late 1982 when unemployment reached its modern peak. Nearly 11 out of every 100 working-age Americans was without a job. Nearly 11 out of every 100 working-age Americans who wanted a job didn't have one. If these sorts of numbers still seem arcane, just wait. The RIFs will soon make them all too real. * Email dennis.berman@wsj.com. For an up-to-the-minute take on deals and deal makers visit blogs.wsj.com/deals.