Breaking news on the bailout…it seems that the House now has enough votes to pass with at least 230 votes. The bailout plan has already passed in the Senate. At least 218 are needed to pass the bailout plan in the House of Representatives. Last week the measure failed to pass the house and there has been alot of uncertainty since that time. The failure was 13 votes shy of passing at that time.
If this measure actually takes place and is approved by the house…there is going to be controversy. If it doesn’t take place there is going to be controversy. Some say that expensive add ons were added to the bailout to make the idea more appealing to house members. This idea of adding on to the already very high price tag is something that doesn’t sit well with many voters. The vote is supposed to take place later today, on the bailout plan. What i would like to know is what is in the plan; how much is it going to cost me and my family, and how soon will we see changes in the economy? What happens if this bailout fails to improve the financial condition of the voters in this country?
Is this bailout a good idea or a bad idea? What do you think on the whole situation? What kind of impact is this financial crisis having on your finances and your family situation?