Just a few months after approving an unprecedented bailout of the nation's financial institutions, Kentucky's senior senator voted to keep the final $350 billion of the aid from the sector it was intended to help.Mitch McConnell voted "yes" today in the senate on a resolution that would have blocked the second half of a $700 billion bailout of the country's faltering financial sector. He had voted to approve the aid package last fall, but was one of 33 Republicans who voted to keep the money from becoming a part of President-elect Barack Obama's planned stimulus package.
The resolution passed, however, 52-42 with Kentucky Sen. Jim Bunning joining two others in abstaining. Bunning initially voted against the $700 billion bailout.
Obama has pledged $100 billion of the new monies to help homeowners facing foreclosure. House Democrats are also backing the 44th-president-to-be's $825 billion economic stimulus plan that will include $275 billion in tax cuts and increased government spending for infrastructure, education and health care.
