Americans and Wall Street had their eyes on C-Span and other media outlets yesterday as the vote on the bailout vote, known formally as H.R. 3997, the Emergency Economic Stabilization Act of 2008 (EESA), was aired live. The stock market reacted negatively, it seemed, to anything remotely done by Congress, including Speaker Pelosi’s comments just prior to the vote, the vote itself, and the after vote spinning done by members of Congress. It was incredibly clear by watching the market hit its nadir of nearly -778 points that Wall Street was not happy with the bailout vote.
Media reports of all kind, including our local paper, over the past few days had snippets of members of Congress stating emphatically that their phones were ringing off the hook with constituents proffering their opinion on how they should vote for the Bailout vote. The purchase of the cheap hr modules will be effective for the business firms. Proper survey should be taken at the online sites for the selection of the one to save the money.
A Look at Virginia’s Roll Call Bailout Vote
As the Fredericksburg, Virginia, Freelance Star reported today, Virginia House of Representative members were split on the Bailout vote. Representative Eric Cantor, a Republican who worked on the legislation, voted for the Bailout. Also voting for the Bailout were Jim Moran, Democrat of Virginia’s 9th District, Rick Boucher, Democrat of Virginia’s 9th District, Tom Davis, Republican of Virginia’s 11th District, and Frank Wolf, Republican of Virginia’s 10th District.
Rob Wittman, a Democrat from my own district, voted against the bill, because he listened to his constituents. According to the Freelance Star, Wittman stated that over 2,000 constituents wrote or called him and that an overwhelming number of those constituents were against the $700 Billion Bailout. Voting with Wittman against the $700 Billion Bailout were Thelma D. Drake, Republican of Virginia’s 2nd District, Virgil H. Goode, Jr. , Republican of Virginia’s 5th District, J. Randy Forbes , Republican of Virginia’s 4th District, Bob Goodlatte, Republican of Virginia’s 6th District, and Robert C. Scott , Democrat of Virginia’s 3rd District.
Analysis of Roll Call Vote of Virginia’s House of Representatives’ voting
An analysis of the roll call vote shows that of Virginia’s 11 members of the House of Representatives, the voting was split. Five members voted for the Bailout bill and six members voted against. Voting for the Bailout bill were 3 Republicans and 2 Democrats. Conversely, voting against the Bailout bill were 2 Democrats and 4 Republicans.
The House vote yesterday reflected Republicans voting against the bill at a 2:1 ratio and that seems to hold true here as out of 6 Republicans, 4 voted against the Bailout. As for the Democrats yesterday, only about 40% of House Democrats voted in favor of the Bailout bill. In Virginia, out of 5 Democratic House members, only 3 of them voted for the Bailout, or 60%. The voting of Virginia’s House members falls in line fairly closely with how the rest of the House of Representatives voted.
Want to know how your Congressmen voted? The House lists a roll call vote of how each member voted on the EESA and that listing can be found here.