The 88th General Assembly
has convened the 2012 fiscal session

Friday, December 12, 2008

Wall Street in the wake of the failed auto bailout

The DJIA is down over 100 points in the first 10 minutes of trading this morning. Last night's 52-35 roll call vote in the U.S. Senate can be found here.

Four Dems voted no on the procedural measure to bring the matter to a vote, including Blanche Lincoln.* 10 Republicans voted for it: Bond, Mo.; Brownback, Kan.; Collins, Maine; Dole, N.C.; Domenici, N.M.; Lugar, Ind.; Snowe, Maine; Specter, Pa.; Voinovich, Ohio; and Warner, Va. 12 didn't cast a vote. A sticking point with the Republican leadership was the UAW's failure to accept reductions in employee compensation.

*- Senate Majority Leader Harry Reid voted against it in order to preserve a parliamentary maneuver which allows him to reopen the vote at a later time.