bailout bill went down
Sep. 29th, 2008 02:20 pm![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
jenkI am surprised, but not upset.
-o-
Regarding my 401(k), our IRAs, and other investments? I haven't looked. I don't put money into stocks that I'm going to want within 5 years* (Microsoft did teach me that) so near-term stock swings don't affect me directly. Although now might be a good time to make this year's IRA deposits (while stocks are on sale).
*Our emergency fund is split between a money market account & a short-term bond fund. The money market is not volatile at all, and the bond fund is still up for the year.
The vote against the measure was 228 to 205, with 133 Republicans joining 95 Democrats in opposition. The bill was backed by 140 Democrats and 65 Republicans.Vote info is here (uses flash)
[...]
Opponents said the bill was cobbled together in too much haste and might amount to throwing good money from taxpayers after bad investments from Wall Street gamblers.
Immediately after the vote, many House members appeared stunned. [...]
Members of both parties, doing a quick political post-mortem, said those who voted no had encountered too much hostility for the bill among their constituents, and were worried that a vote in favor would be political suicide. - NY Times
-o-
Regarding my 401(k), our IRAs, and other investments? I haven't looked. I don't put money into stocks that I'm going to want within 5 years* (Microsoft did teach me that) so near-term stock swings don't affect me directly. Although now might be a good time to make this year's IRA deposits (while stocks are on sale).
*Our emergency fund is split between a money market account & a short-term bond fund. The money market is not volatile at all, and the bond fund is still up for the year.
