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Fear and caution rule in Congress' bailout vote - Los Angeles Times

Posted by neophyteblogger 1229 days ago, popular 1228 days ago (http://www.latimes.com)
Category: Economy | Tags: bailout us stocks
President Bush lobbied. Treasury Secretary Henry M. Paulson pleaded. Vice President Dick Cheney worked on conservative Republicans; House Speaker Nancy Pelosi coaxed liberal Democrats. Barack Obama lobbied gently. John McCain worked the phones and boasted about how effective he was.
But all that leadership failed to command much loyalty in either party Monday. When the financial rescue plan came to a vote, two-thirds of the House's Republicans and two-fifths of its Democrats ignored their leaders' pleas and voted no.
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