The Homa Files

All the pundit chatter is that the healthcare vote is a lock this afternoon.  The logic, Pelosi wouldn’t be calling the vote is she wasn’t certain to muster 216 votes.

Well, last fall, they took TARP to the floor for a vote — believing that they had the votes.  The outcome: it lost.  [See the article below to jog your memory]

Of course, TARP was modified slightly and a second vote was taken.  It passed.

The difference with ObamaCare: if it loses today, any structural modifications will have to go through normal legislative channels — not the hood-winking reconciliation process.  No way it wins straight up.

I put the odds of passage at 80-20 … but want to be on the record, just in case the long odds hit

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September 30th, 2008

TARP unexpectedly voted down by US House yesterday

Yesterday the US House of Representatives unexpectedly turned down by a fairly small margin the Troubled Asset Rescue Plan (TARP) put forth by the Treasury.

This quite remarkable twist of events, with all the world watching, has left investors highly uncertain about what comes next.

It is still possible that an amended version of the bill could be brought back to the floor.

At this stage, it is not clear whether major concessions will be necessary, or whether minor changes to the bill would be enough to secure the incremental (mostly Republican) votes necessary for passage.

http://www.mrforex.org/2008/09/30/tarp-unexpectedly-voted-down-by-us-house-yesterday/

This entry was posted on March 21, 2010 at 10:16 am and is filed under Health Care / Medical Insurance. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.