The New York Times has a great map of the “NO” votes on the bailout bill yesterday. There’s not really a clear trend since members of both parties and representatives from Cape Cod to Cape Disappointment voted against it.
If we find any pattern, it’s that Members representing financial centers like New York, Chicago and San Francisco supported it, and those from poor urban cores like Detroit and Atlanta opposed it.
But beneath the surface, we can derive a few more clues.
The CBC and CHC were adamantly against the bill because it didn’t not provide insurance for home-owners, and so we see that districts with high minority populations in the urban South and in the Southwest didn’t support the bill.
Free-market GOPers also opposed it, but they’re spread out across the map.
The best explanation I heard about the vote breakdown was from Chuck Todd on the “Nightly News” last night. He noticed that Members of Congress who have not been engaged in a tough reelection match in the last six years generally voted for it, and those that are worried about their reelection generally voted against it.
For what it’s worth, I agree with John Boehner that the bill was a big “crap sandwich” that we all had to eat. There just wasn’t any other choice. You saw the market plunge 800 points yesterday.
To the nay-sayers like John Lewis who voted against it because it didn’t provide enough insurance, I ask if they understand what kind of uncertainty we’re likely to face without action. Do they not understand the reverberations of banking and credit? Trouble on Wall Street means tight credit any fewer opportunities for their constituents.
And to the free-market zealots, I’d say that suggesting the markets should solve this problem is like a shrimp boat captain suggesting that their boat should ride out Hurricane Katrina in New Orleans harbor.
I’m grateful that my congressman, Rep. Frank Wolf (R), from Virginia’s 10th District, supported the bill along with his colleagues Jim Moran and Tom Davis. Hopefully the Congress can have the discipline and maturity to follow their lead.
UPDATE: First Read says the Republican Party is “Lord of the Flies.” Only FOUR Republican members of Bush’s Texas delegation voted for it and ZERO members of McCain’s Arizona delegation supported it.