Bailout Roll Call
Written by Mike on September 29th, 2008The House roll call for the bail out bill is certainly interesting. By any standard both the ayes and the nays were highly bipartisan. It is interesting to see the cadre of RINOs that supported the bailout bill. The usual suspects of John Boehner and Roy Blunt (second highest House GOP recipient of Fannie and Freddie political bribes donations) were of course there as well as Vito Fossella (scumbag), Mark Kirk (King RINO), Chris Shays and Peter King.
Some disappointing names were also found among the ayes, Tom Tancredo and Paul Ryan of Wisconsin both voted for the bailout. Eric Cantor of course voted for it, mostly I think because of his insurance provision being added to it, gutted though it was. Having fought so hard to have the insurance provision included it would have been difficult for him to not have supported the final version of the bill with the concession being made.
A special thanks goes out to my congressman Paul Broun of the 10th district, Georgia for refusing to vote for this socialist nightmare. I commend you sir.
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I was happy my current Congressman Jim Gerlach voted against it along with my former Congressman Tim Walberg.
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I don’t know who you are or what you do but you and the other idiots who have put this country at risk don’t know an investment from a bailout.
At 68 I will probably have no retirement by the end of tomorrow..
Thanks
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Instead of a “blame game” let us compliment those courageous Republican and Democratic Representatives who attended the meeting with ex-FDIC Chairman who indicated the FDIC has not yet exercised 2 available procedural methods of resolving the current Credit crunch of the banks including the “earned remediation” method and another procedural process not yet been activated by the present FDIC Chairman. If he is truly concerned,John McCain should contact the ex-FDIC Chairman and work with to formulate a concrete proposal to resolve this alleged economic crisis. Remember, a bailout package will not resolve the present $44 trillion level of consumer credit nor will it resolve the current housing crisis caused by the “glut” of new, resale and foreclosed homes available for sale in the real estate marketplace. There is no need for a bailout package unless it is specifically targeted towards the good mortgage assets of each bank, with the cash given to each bank providing funds to provide consumer and business credit generating new mortgages and opportunities of business expansion and the creation of new jobs.
If John McCain wishes to have a winning concrete proposal he will be smart to meet with the ex-FDIC Chairman!!!!!!
Thank you for your kind attention. If you wish to run any ideas by me please contact me.
Jim Burke
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Great Ryan. When your house is worth nothing you can thank him for that too. This is the one time in history we do not need politics but leaders. You should be calling your Rep NOW and demanding he do his fucking job.
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Whats wrong with Pete King?
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Peter King is a bit of a RINO I am afraid.
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“I don’t know who you are or what you do but you and the other idiots who have put this country at risk don’t know an investment from a bailout.
At 68 I will probably have no retirement by the end of tomorrow..”
Hmmmmm. I don’t really know what to say to this other than you and I have a difference of opinion when it comes to economic policy. Mine is informed by history and knowledge of the markets, yours is informed by your fear of losing your retirement package. Since you don’t seem to understand how we got into this mess in the first place then I doubt you’ll understand that more socialism isn’t the answer here.
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Mike, I think way too many people are looking at this from a short term perspective. We were due for a serious correction. We have not had one for decades and we were almost going against the natural business cycle. But why should I whine about the American people being so short sighted? One of the biggest problems with our society is that we think of today and not tomorrow. For example, there is property from my father’s side of the family that dates back to the Homestead Act. Its value probably has fallen as of late, but over the course of our ownership, it has gained value by leaps and bounds since my ancestors made the wise move over a century ago.
Now I feel bad for those who lost a substantial portion of their savings, but fundamentally people should always diversify their assets and savings. Hope for the best, but be prepared for the worse case scenario.