Lobbying blitz ushers bailout bill back to House

[Mesteryo]

Source: LA Times

Lobbying for the $700-billion financial rescue plan reached fever pitch as the hours ticked down toward today's climactic vote in the House, with powerful interest groups orchestrating last-minute appeals from constituents back home and the two major presidential candidates working the telephones.


In recent days, some members of Congress who initially opposed the bill have been besieged by constituents who worry that the volatile stock market -- the Dow saw a record 777.68-point drop Monday -- threatens their retirement nest eggs.

At the same time, lawmakers are getting an earful from business owners who say they can't get the credit they need to make payroll or buy inventory.

The country's major business groups, including the U.S. Chamber of Commerce, the Business Roundtable and the National Assn. of Manufacturers, have been rallying their rank and file to press lawmakers to support the plan.


Read more: http://www.latimes.com/news/printedition/front/la-fi-bailout3-2008oct03,0,5481077.story?page=1

[WallStreetNobody]

1. send a complaint to CNBC about Gasparino's right-wing propaganda on housing crisis cause

Please send a complain to CNBC about what just aired through the link below:

Charlie Gasparino on CNBC just went off on a rant blaming the housing crisis on the Community Reinvestment Act (CRA) - this is a widely debunked racist right-wing talking point that was started by Ann Coulter of all people. While the others on the panel, who were actually financial experts, tried to argue against him he just shouted louder and louder and wouldn't let anyone speak and the piece ended. Please write to them through this link and complain about CNBC taking racist right-wing propaganda and pushing it as financial market analysis:

https://register.cnbc.com/email/EmailSupport.jsp

[Phred42]

2. The Dumbecrats just committed Suicide