[U.S. Sen. Russ Feingold (D-WI) voted against](http://www.wispolitics.com/index.iml?Article=137744) the bailout package[ the U.S. Senate approved today](http://www.nytimes.com/2008/10/02/business/02bailout.html?_r=1&hp&oref=slogin), citing his disapproval of serious “flaws” in the legislation. Feingold joined 10 other Democrats in opposing the measure, as well as 16 Republicans. From the language Feingold used to justify his vote, it seems relatively clear he was not attempting to capitalize off of the populist sentiments against the bill throughout America. While House Republicans, and many House Democrats, opposed the bill based on a vague concept of sticking it to Wall St and standing up for capitalism, at least Feingold conceded that the bill was well-intentioned and that he was disappointed it didn’t include more provisions to address the fundamental flaws in the financial sector’s regulation.
Categories:
Feingold votes against bailout
by Jack Craver
October 2, 2008
Advertisements
0
Donate to The Badger Herald
Your donation will support the student journalists of University of Wisconsin-Madison. Your contribution will allow us to purchase equipment and cover our annual website hosting costs.
More to Discover