Posted: Wednesday, Oct. 01, 2008
RALEIGH — Republican Sen. Elizabeth Dole voted against a revised $700 billion bailout of the nation’s financial industry, but her colleagues passed the measure by a lopsided margin.
Senators loaded the economic rescue bill with tax breaks and other sweeteners before passing it 74-25, a month before the presidential and congressional elections.
Despite the alterations, Dole was unswayed. Before the vote, she called the proposal “a government takeover of our economy with no protection for taxpayers.” While she said the relief package was an improvement over the Bush administration’s original plan, Dole said it does nothing to fix the housing crisis largely blamed for triggering the meltdown of the nation’s credit markets…. http://www.charlotteobserver.com/politics/story/226462.html