Most Alabama lawmakers support bailout measure - WAFF-TV: News, Weather and Sports for Huntsville, AL

Most Alabama lawmakers support bailout measure

MONTGOMERY (AP) - All but one of Alabama's seven members of the U.S. House have voted in favor of the $700 billion financial bailout that failed in the House.

Republican Rep. Robert Aderholt of Haleyville was the lone Alabama lawmaker to vote against the package.

The state's two Democrats and four other Republicans voted for it.

President Bush and leaders from both parties had said the rescue was necessary to prevent a potential financial meltdown that could cripple economic growth and decimate retirement accounts.

But the package was defeated 228-to-205 after constituents expressed outrage at spending so much money to correct Wall Street mistakes.

Republican Sens. Richard Shelby and Jeff Sessions have said they would oppose the bill if it came up in the Senate.

(Copyright 2008 by The Associated Press. All Rights Reserved.) AP-NY-09-29-08 1531EDT

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