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October 02, 2008

Some House GOP, Blue Dog Dems still iffy on bailout

As I predicted last night, at least some House GOP members and Blue Dog Democrats who voted Yes on the original house bailout may vote no on the Senate bill, either over its $100-billion plus of pork or it not going any further than the House bill at reining in Henry Paulson.

The question is, will Speaker Pelosi allow any amendments to the Senate bill?

Here’s another possibility: Blue Dog Dems could vote no on a procedural vote to keep the Senate bailout from ever coming to a vote.

Or, if not, House GOP members are going to push to strip the Senate tax breaks.
Rep. Steven LaTourette (R-Ohio) filed an amendment with the House Rules Committee late Thursday, seeking to “strip egregious pork projects from [the bailout bill] and save taxpayers nearly half a trillion dollars,” according to a release from the lawmaker.

My prediction?

If a bill IS passed, it’s going to be Christmas-treed far more than the Senate bill.

If you’re a late nighter, watch the early market returns from Asia for their expectation on the vote here.

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