There is no anything to give the money directly to homeowners. We have only Larry Summers claiming to ease foreclosures.
That means nothing. They can claim almost anything would help homeowners when in fact the money goes directly to banks where as it is we have no accountability.
Republican Sen. Vitter:
There's been mistake after mistake, embarrassment after embarrassment, and a complete lack of accountability in the TARP program," said Vitter. "The American people are not going to be fooled twice ... I urge all of my colleagues not to be fooled again, to say no to an open checkbook.
The vote was 52 to 42 so ...so much for our new Democratic Senate.
I will update this post with the actual vote as soon as it is available.
TPM Cafe has some of the votes:
Democratic Sens. Russ Feingold (WI), Maria Cantwell (WA), Byron Dorgan (ND) and Ron Wyden (OR), in addition to Sen. Bernie Sanders (I-VT), stuck to the same anti-bailout stances they took in October.
Sens. Claire McCaskill (D-MO) and Mary Landrieu (LA), both of whom voted against giving Bush the first half of the financial rescue money, decided to give Obama the money this time. McCaskill had been particularly skeptical of Bailout Part Deux earlier this week.
Sens. Blanche Lincoln (D-AR) and Evan Bayh (D-IN) switched from affirmative votes under Bush to disapproval of the bailout under Obama. Flexing their rebellious muscles as centrists, perhaps?
Among Republicans, Sen. Susan Collins voted against the new cash while Olympia Snowe sided with Obama -- a rare moment of difference for the Maine moderates. Sen. John McCain (R-AZ), reversing his always-awkward campaign-trail support for the bailout, voted to disapprove it today. And Sen. George Voinovich (R-OH), on his way to retirement, bucked today's party line to okay the cash for Obama. (As Ben Smith notes, this is only the beginning of the campaign to bring Voinovich on board Obama's economic plan.)
Finally, the vote. Did your Senator promise in the campaign to not support the TARP? Did they follow through?
Jeff Merkley campaigned against the Bail out and look how he voted!
Grouped By Vote Position
Present - 2
Not Voting - 3