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The first time it was presented it was unanimously rejected. Then when it was re-introduced with amendments it wasn't passed unanimously but was passed with enough majority that is required to pass any bill.

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16y ago

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If bailout is passed can bush stay president?

No. President Bush leaves office on Jan 20, 2009. Only 2 consecutive terms are permitted under US law.


How many presidents have been elected unanimously?

No US president was elected unanimously by popular vote. The only president elected unanimously by the electoral college was George Washington (There was no popular vote in this election).


Define the 700 billion US bailout plan?

Much of it is still evolving. Suggest you review wikipedia under bailout plan.


Should the US government cut spending after the 700 billion dollar bail-out goes through?

If the bailout package is able to successfully revive the US economy then the US government should cut spending on the bailout. But some financial experts feel this 700 billion may not be sufficient. If what they predict becomes true then the government would have to pump in more cash into the bailout package. This bailout cannot be left in midway because the future of the world and US economy lies predominantly on this bailout and people are hoping that this works out successful.


How did they vote on the bailout plan?

They voted on the bailout plan just like any bill passed by the government. When the Bill was initially introduced, it had been rejected by the US Senate on Sep 29th 2008. It was then amended and approved by the US Senate on Oct 3rd 2008. President Bush signed the bill into law within hours of its enactment, creating a $700 billion Troubled Assets Relief Program to purchase failing bank assets.. Without majority in the house the bailout would not have come into existence


What is 900000000000?

That is 900 Billion, The amount of the US Government Bailout package.


Did US Bank receive bailout money?

Yes. $7 billion


Where did the money miraculously materialize for the 700-million-dollar bailout in the US?

It comes from the US Treasury...


What US company got a 1.5 billion dollar bailout from the US government in 1980?

chrysler


Who unanimously elected president of the us after the revolutionary war ended?

George Washington


Why did the us government decide to give banks a bailout during this crisis?

i dont no


Will the 700 billion dollars for the bailout come from China?

The bailout did not get through Congress, but no, the money would come from the US taxpayers. Update: The bailout did pass, and the money is coming from the Treasury and Federal Reserve. This could be argued to suggest the money is coming from the taxpayers.