Posted by Matt Hawes on 12/10/08 1:34 PM   [Newer: "Bankruptcy Doesn't Equal Death"] [Older: "Bailouts and Bankruptcy"]

It looks like a vote on the bailout could be taken in the House between 7 and 8 eastern tonight.  However, it appears to be encountering problems in the Senate.

MSNBC has a copy of the bill available here.

Keep calling and writing (suggested letters are here).  It's very possible the bill could be rejected in the House if there is widespread uncertainty about its future in the Senate.  Legislators who would otherwise cave to the pressure to vote for the bill may be encouraged to stick to their guns and vote against the bailout.

Posted 12/10/08 1:51 PM Son Of Liberty Erie, PA

its good to fax them too, you can send two free faxes per day here: http://faxzero.com/

Posted 12/10/08 2:16 PM tb54701 Eau Claire, WI

Great little parallel story about all this at Mises.org today. http://mises.org/story/3253

Posted 12/10/08 2:59 PM fadestyle Walnut Bottom, PA

thanks SOL good site!

Posted 12/10/08 3:18 PM David Fischer Altoona, IA

I just heard a 5-second clip of Ron Paul speaking against the bailout on a Fox radio break. Where's the rest?

Posted 12/10/08 3:42 PM BrentBurk Lompoc, CA

committment is spelled commitment. it is incorrect in the Republican letter (probably the Democrat one too).

Posted 12/10/08 4:10 PM ehj666 Pottstown, PA

I would like to suggest there is another target besides one's representatives for a letter writing campaign. Specifically the three auto makers themselves. Unlike the banking bail out there are only three companies involved here, so the consumer has many choices apart from them. The other part to this is that the auto makers themselves can turn it down. The question to confont the auto makers with is why would anyone be predisposed to purchase their products after having one's pocket picked on their behalf. Just my $0.02

Posted 12/10/08 4:13 PM Philip State College, PA

Never heard of Jeb Hensarling before but he just gave a heckuva speech on the floor.

Posted 12/10/08 4:39 PM Matt Hawes Springfield, VA

Fixed! Thanks, Brent. Matt

Posted 12/10/08 4:46 PM Linda APO AP, Japan

How did Sec 19 (c) get in there (cost of living increase in salaries for judges)? Innocuous, but still... So, Ford is opting out? Are they going to take the high road and file for bankruptcy?

Posted 12/10/08 5:08 PM Ulaszek2 Chicago, IL

Funny how the Senate INCREASED the Bank bailout and passed it generally without a hitch. This bailout is for 1% of the prior, but it is encountering problems. Shouldn't they all encounter problems? I speculate that the Big 3 didn't contribute enough PAC funds to the Senators compared to the Banks. I'm from Illinois where you gotta "pay-to-play", so this makes sense to me

Posted 12/10/08 5:15 PM Linda APO AP, Japan

I just emailed my congressman, Paul Hodes, who voted against the bailout both times. I tried to message the other district's congresswoman, but got the message back that she couldn't reply since I wasn't in her district. This is a change, since I sent her an email for the big bailout and it went through okay. Maybe they're getting tired of having their servers "fried". So I hope you 783 members in NH who are in Carol Shea-Porter's district all send her the message. Since both republican senators from NH voted for the bailout, I will have to revise my message somewhat before emailing them.

Posted 12/10/08 5:19 PM cronx Brooklyn, NY

I must say Ron Paul's statement was spot on. We are heading down the way of Iceland at this rate of bailouts.

Posted 12/10/08 6:00 PM Daniel Schmid Chicago, IL

BREAKING NEWS: Congress just passed a $14 Billion Bailout for the Auto Industry.

Posted 12/10/08 6:06 PM Fozz Cockeysville, MD

No, it only passed in the House. It can still be stopped in the Senate.

Posted 12/10/08 6:08 PM Daniel Schmid Chicago, IL

well by Congress I meant House... I know Congress applies to both the House and Senate, but it can be used to refer to just the House.

Posted 12/10/08 6:25 PM Philip State College, PA

Anybody know why Peterson (the PA one) didn't vote?

Posted 12/10/08 8:26 PM Son Of Liberty Erie, PA

someone tell the Faxbomb.us site to update their blog and organize a faxbomb!

Posted 12/11/08 06:14 AM Matrixxx123456789 Stuart, FL

VIDEO: Rep. Ron Paul Schools the House, Twice! 12/10/2008 http://www.youtube.com/watch?v=mhOtMbuNIYo Just uploaded BOTH of Dr. Paul's speaches on the House floor regarding the auto bail out. He spoke twice yesterday, once at around 2:15 and again around 6:30 12/10/2008. Must see! http://www.youtube.com/watch?v=mhOtMbuNIYo In Liberty, Matrixxx123456789