A Look Back: Bailout Vote Fails in the House of Representatives in 2008

Jul 7, 2011
J. Webster
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Remember when the $700 billion bailout failed to pass in the House of Representatives and the stock market continued to crash in late September of 2008? I’m thinking, unfortunately, that this might happen again but this time with the debit limit.

It wasn’t until the stock market continued to fall back in 2008 and local economies were on the brink of falling apart did the government get it together and realize this wasn’t the time to play politics. Let’s hope they don’t make that same mistake again. As Warren Buffet said, they’re playing Russian roulette with the debit limit issue. It’s no time to play games like that.

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