Congress gets to raise the debt ceiling whenever it wants, but the famous National Debt Clock on the Times Square has only a finite number of digits. [CNN]
We’re too tired of this shit to talk about it so let me spam some links:
Your editors had to brave the depths of the Mather House Mail Room to obtain this smoking gun evidence… that the global elite who engineered this crisis are getting away scot-free with all their savings and more.
On Bloomberg.com, it says that the Straits Times futures are down 90%:
Actually two. We’ll probably keep updating this post as we run across any websites that publish their own estimates of M3 (since the Feds don’t anymore):
You can find the official “statistics” (not including M3) here: http://www.federalreserve.gov/releases/h6/
We started watching at around 12:30 and missed the morning debate. If Ron Paul spoke, we sadly missed it. We’re watching on c-span.org—this time it’s working. They’ve started voting right now!
Pelosi didn’t give the mad hatter speech this time.
65-23!
77-30!
93-36!
…somebody did a real evil laugh on the floor. We’re not sure who.
111-43…
…that same evil laugh. Twice more. Now a female evil laugh.
7:30 remaining and the vote is 121-57.
160-83 with 4 mins to go… and our c-span feed just died. The tubes of the Internet are getting clogged with all that new monies.
We’re back, 188-104 with 2 mins to go.
196-116 with one minute remaining…
People are clapping, it passed. We’re all doomed now kthxbai.
P.S. Gavel came down, 263-171.
…and this time he doesn’t have to go pee.
Some ads which Google thought would be appropriate alongside our posts about the Paulson FAILOUT Plan:
Current Drudge headline: “DOWN IN FLAMES.”
The Democrat and Republican leaders are busy blaming each other for the failure, but looks like it was the voting public who killed it—most congressmen who face tough reelection fights voted against. [FiveThirtyEight] We’ll see if the Dow’s 777-point drop plus a second round of government/media propaganda changes that.
It’s time for our dose of escapist fantasy: US to buy back national debt. [BBC]
As the vote is happening I’ve been trying to get to C-SPAN.org to watch the vote live, but the server’s been busy because of the seven billion other people trying to do the same. Apparently as we type right here the House is taking a roll-call vote on the Paulson $700B financial bailout plan, and No is ahead…
Oh wait, they’ve just finished, and they rejected it. From Reuters.com:
The word is that the vote was 228-205. You can read the defeated version (as there very may well be further attempts) of the bill here.