Golden Parachutes, Cement Boots and whats the cost for me and you? Election Cartoon of the Day.

So for a campaign bail out that is unpopular if voted for and unpopular if not voted for the Senate made the unpopular decision to pass and it is now heading to the house. Now we see Obama at least putting forth the effort and image by speaking at the Senate while where is McCain? 24hrs from NYC to D.C.? No speeches? Call off Debates to work on Bill? Well at least he voted unlike the 40 or so more missed votes he has than Obama, although to be fair most Presidential candidates miss a lot of votes. I wonder what Palin would have done if given the opportunity to vote or even speak and address senate on this issue? Golden Parachutes are handed out and whether or not popular it is the necessary evil at this point. I guess at least as Pundits put it we didn't get another Miss South Carolina speech from Palin on this issue to quickly kill McCain's credibility even further.

The US Senate has passed a reworked version of a multi-billion dollar financial package aka the Bail out Bill, designed to resuscitate the economy by a 74 to 25 votes, after adding several “sweeteners” including multiple tax breaks for businesses and greater security for bank deposits.
The new version of the bill included temporarily raising the limit on the size of bank deposit guaranteed by the government federal to $250,000 (£136,000) from $100,000 (£54,000).

A bundle of tax-breaks, for research and development and companies using alternative energy that was due to be part of different legislation was added on in an effort to win over Republicans worried that too much public money was being used.

After the collapse of six major US financial institutions and falling stock markets around the world, George W Bush was joined by both candidates to succeed him in urging the Congress and the public to accept the bill, which would use up to £380 billion in taxpayers’ money to buy bad assets on Wall Street.

Senator Barack Obama and Senator John McCain were both present for the vote, which was missed only by the ailing Edward Kennedy.

"I commend the Senate for tonight's strong, bipartisan vote," Treasury Secretary Henry Paulson said in a statement on the 74-25 vote. "This sends a positive signal that we stand ready to protect the U.S. economy by making sure that Americans have access to the credit that is needed to create jobs and keep businesses going. I urge the House to act promptly to pass this bill."

Deliberations took place behind the scenes Wednesday, as senators added breaks and sweeteners to their version of the economic rescue plan.