Party pressure, organized interests and economic conditions
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The Emergency Economic Stabilization Act of 2008, commonly known as the bailout plan, was one of the most important pieces of legislation in 2008. To discern the factors that influenced representatives’ decisions on the bailout bill, I hypothesize that ideological extremism, party pressure, interest groups, and economic conditions are the most influential factors. The results suggest that ideology was important for the first bailout vote, while party pressure was influential for the second bailout vote. In the analysis of the electoral consequence of the bailout vote, the results suggest that while the bailout bill has no electoral implications.