Kill the bailout: The House floor debate is on; Bill fails
Scroll for updates…the vote is close…at 1:47pm Eastern, it’s 224 NAY, 202 YEA, 7 not voting…stay tuned…1:50pm Eastern…the Crap Sandwich fails at end of allotted 15-minute recorded voting period…still no official announcement…
The curtain opens. C-SPAN is carrying live coverage of the House floor debate on the trillion-dollar-plus Mother of All Bailouts. I’ll update continually here through the vote. If you haven’t had a chance to inhale the “crap sandwich,” take a whiff here.
Texas Democrat Lloyd Doggett just ended his anti-bailout statement with “The vultures are coming home to roost.”
Indiana GOP Rep. Mike Pence is on the floor now decrying “the largest corporate bailout in American history…Reject this bailout and vote no…”
Meantime, the Hill reports dissent in both parties. And there’s a new activist website: No Cash for Trash.
Scurry, scurry: “With three hours of debate beginning just before 9:30 a.m., lawmakers expect a vote to be wrapped up before 1 p.m. Eastern time. Leaders of both parties are supporting the measure, but neither side has given a public estimate of how much support they have. During early morning votes on noncontroversial matters, House Speaker Nancy Pelosi (D-Calif.) hurried around the chamber floor, button-holing rank-and-file members and showing them papers, asking for their support.”
GOP Rep. Gresham Barrett commends the House Republican leadership for trying to improve the bill, but he cannot support it. “Taxpayers must not become the insurance policy for everyone’s bad financial decisions.”
10:50am Eastern. Oh, puke. Charlie Rangel is on the floor to support the bailout. “Those who have caused the problem have managed to get away without any blame.”
He speaks such inadvertent truth. See: Video: Democrats insist “nothing wrong” at Fannie Mae, Freddie Mac in 2004.
GOP Reps. Ron Paul and Virgil Goode rise to oppose the bill.
GOP Rep. Ted Poe is vehemently against. “It’s a sad time to be an American taxpayer!”
Democrat John Dingell, fresh off his $26 billion automaker bailout victory, asks Barney Frank to clarify that the banking bailout will cover auto loans.
Why, of course, says Frank. Of course.
Here’s vid of Jeb Hensarling’s statement opposing the MOAB:
GOP Rep. Judy Biggert opposes.
Democrat Pete DeFazio opposes.
GOP Rep. Darrell Issa opposes. He’s blasting Paulson on refusal to deal with mark-to-market issues. “We are de-leveraging the enterprises we need today. End of Ronald Reagan era.”
Puke again. Maxine Waters is on the floor stroking Barney Frank’s ego and spewing pseudo-populist pabulum. “Americans are victims of predatory lending!” “Subprime exploitation!” “Greed!”
Flashback: “Mr. Chairman, we do not have a crisis at Freddie Mac, and particularly at Fannie Mae, under the outstanding leadership of Franklin Raines.”
GOP Rep. Scott Garrett opposes. He blasts both parties for failing to pass GSE (Fannie/Freddie) reform.
Barney Frank starts spouting about how Democrats passed GSE reform.
GOP Rep. Jeff Flake opposes.
GOP Rep. Louis Gohmert vehemently opposes. “Who’s going to manage these assets? The same people who got us into this mess!”
Democrat Rep. Carolyn Kilpatrick coos and praises Barney Frank as a “genius.”
My airsickness bag is full.
GOP Rep. Paul Ryan: “This bill offends my principles, but I’m going to vote for this bill to preserve my principles…If we fail to do the right thing, heaven help us…We’re one month from this election. Unfortunately, a majority will have to vote for this. For me and my own conscience…I want to know that I did everything I could…As bad as this is, it could get a whole lot worse…”
Sorry. That is not computing.
GOP Rep. Jeff Fortenberry opposes.
GOP Rep. Ginny Brown-Waite opposes.
Democrat Rep. Marcy Kaptur opposes.
GOP Rep. Steven LaTourette opposes.
12:27pm Eastern. Nancy Pelosi has taken the floor. Here, GOP members who are voting for this monstrosity, is the woman you are hopping on the couch with. “Democrats believe in a free market. But in this unbridled form, encouraged by the Republicans, it has created not jobs, not capital, it has created chaos.”
Now, she is kvetching that the Bush administration didn’t back the latest Dem stimulus-palooza bill and cough up more government funds for broadband lines and infrastructure.
12:41pm Eastern. Pelosi is heaping praise on Barney Frank. Members on the floor applaud. She is demanding bipartisan support. Pelosi gets an ovation.
GOP Rep. Michele Bachmann rises to oppose the bailout.
Dem Rep. Dennis Kucinich opposes.
GOP Rep. Todd Tiahrt opposes.
GOP Rep. John Shadegg opposes.
GOP Rep. Spencer Bachus supports. “Unwilling to take a risk in not acting.”
The Democrats on the floor applaud Rep. Bachus. Barney Frank praises him.
GOP Minority Whip Roy Blunt is on the floor. “None of us want to be here today.”
I don’t want the crap sandwich swallowers to be there, either.
Blunt regurgitates the hype about how taxpayers will make money off the bailout.
He’s not using any of his time on the floor to beat down Nancy Pelosi’s attacks, Barney Frank’s jibes, and the rest of the Dems who have pinned all the blame on the GOP.
1:13pm Eastern. Barney Frank struts to the podium.
Frank is touting the power the bill gives to the government to meddle in foreclosure prevention.
Democrats on the floor give him a prolonged ovation.
Very chilling.
Now, John Boehner is on the floor. And he’s getting an ovation.
Lots of back-slapping all around.
Boehner’s the 100th person on the floor to whine about how nobody wants to vote for this, but he’s voting for it.
Careful not to choke on that crap sandwich now.
1:20pm Eastern. He calls it a “mud sandwich.”
“These are the votes that will separate the men from the boys, girls from the women.”
These are the votes that separate the crap sandwich swallowers from the crap sandwich spitters.
The swallowers give Boehner another round of applause.
Democrat Majority Leader Steny Hoyer gets the last word. Promises “investigations.”
Dodd, Frank, Fannie/Freddie-greased lawmakers all exempted, of course. Hoyer declares it “The People’s House” doing “the people’s” business. Another self-congratulatory round of applause.
Debate ended. Voice vote. “The ayes have it.” Recorded vote ordered.
1:45pm Eastern. Less than two minutes left. Nays are leading. 171-167!
Fina votes trickling in…I see 210 against, 189 for, 35 not voting…
Now 213 against, 192 for, 29 not voting…
220 against, 195 for, 19 not voting…
1:50pm Eastern…the Crap Sandwich fails
See what others have said
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Trackbacks
- Let the Private Sector Fix the Economy | Axis of Right
- Plains Feeder
- Michelle Malkin » Kill the bailout: The crap in the “crap sandwich;” 10 reasons to oppose the bailout; debt limit increased to $11.315 trillion
- Webloggin » Crisis as a Tool To Elect Barack Obama
- OpenMarket.org » Archive » Bailout Bill Just Got Worse, But Congress May Approve It Without Reading It, Based on Misleading Claims
- Swamp Hermit’s *QUICK* Bits « The Swamp Hermit’s Report
- OpenMarket.org » Archive » Bailout Pushes Affirmative Action After “Diverse” Bank Collapses
- The debate is on « Right Minded Online
- silent E speaks - Conservatively Speaking from Western Waukesha County » MOAB Update
- Sonoran Alliance » Kill the bailout, updated
- The American People Want A Full Meal Buffett Deal–Not A Bailout! « Pronk Palisades
- Breaking:Bailout bill fails | Right Voices
- Michelle Malkin » Breaking: It’s official. House rejects Trillion-Dollar-Plus Crap Sandwich
- Kill (the) Bill: “Unfettered authority” would be given to Paulson. | LOUNGE DADDY
- Michelle Malkin » Nancy Pelosi’s bailout attack speech on the House floor
- Jules Crittenden » Sky, Falling
- House Votes on Bail Out Deal … NO DEAL!!! Bail Out Package fails 228 - 205 … Stock Market Down 778 | Scared Monkeys
- University Blog
- Destroying the economy to win votes; Nancy Pelosi’s speech and Barack Obama’s rhetoric « Northern Thoughts And Reflections
- Nancy Pelosi’s bailout attack speech on the House floor; Update: Pence statement added « Jay Keating’s 2008 Weblog
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Karl Marx is smiling today.
Personally, I like Newt’s plan which consisted of loans and a change in the mark to market accounting rules. It didn’t promote Socialism or reward irresponsible behavior and did provide stability.
I was going to say that somewhere in Hell, Uncle Joe Stalin is smiling.
I just called Kirsten Gillibrand’s office and said I was dead against this bill.
Not much time left, but get word to YOUR CONGRESSMEN, vehemently voicing your OPPOSITION to this BOONDOGLE… Time is indeed SHORT…
I can’t imagine what will happen in the end to the current set of politicians. I have never seen so many people shift so quickly from fear to anger.
The fix is in. A few may rail against the Bush/Paulson/Reid/Pelosi “plan,” but they are window-dressing. The loyal
sheeptroops, afraid of offending their big campaign contributors, have fallen in line.We’re screwed. Again.
Rep. Gresham Barrett, R. South Carolina, speaking now – he says he’ll be voting no.
Just got off phone with Boehner’s office again. He isn’t for or against at this point but sounds as if he is getting beaten down ;(.
please call and give him your 2cents:
1-202-225-4000
I said thank you for getting ACORN out and mark to market good as well as insurance but that keepinng in auto/student/credit cards and now union pensions is total crap keep fighting!
God Bless the USA.
Called Virgil Goode’s office. He is a good man and is against this. He is also running for reelection this year. I will support him in any way I can. Most of VA has gone off the cliff.
Please e-mail your congressional representatives now. Give them your 2¢ worth before they take your $3318.16 and destroy our free market economy. Lever dod as Slaav!
($3318.16? – Divide 700 billion by the number of US households)
Amen
I have asked Rep. Melancon to stand against his party and vote against this POS… we’ll see what happens.
We are in serious trouble, folks. The Dems don’t need ANY Republican votes to pass this bill, and our President has apparently spent the last two weeks locked in a glue-filled room, breathing deeply.
God save us from the good intentions of the evil and the ignorant.
oh and P.S.
SCREW YOU DEMS
Cant,
dims don’t need GOP votes in the house they damn sure do in the senate.
Expecting a government bailout investors have Obama leading McCain 58.1 to 40.5. A 17.6 dollar lead on Intrade.
The simple fact that this is going on is nothing if it isn’t irresponsible behavior that promotes socialism.
There is no provision for this in the Constitution. Congress needs to butt the hell out. We need to stop electing these clowns.
RWR
http://www.rightwingrocker.com
I have called my senators and representative like many of you. Every news program reports that they are getting two kinds of response from the electorate: “no” and “hell no!” And yet they all shrug their shoulders and say the bi-partisan bill is the best they can do. So, what have we learned? Our representatives no longer represent and follow the will of the people who elected them. They work for the two parties who care only for power and will do anything to keep it and expand it. You can tell who they are by their votes today.
I live in Santa Cruz County, where the median home price is still well over $700k. My neighbor died and left her house to her cleaning lady, who we’ll call, “Guadalupe”. Free and clear, Lupe inherited this $700K house. So what do you suppose she did? She had her 15 closest family members move in, they took out a loan to add on a second story (a massive hideous eyesore in the neighborhood), using substandard construction by some good friends and family (”undocumented workers”??). They parked their cars in the street where nobody else could then park, the ones that were not parked on what used to be the beautiful lawn, of course. Within 2 years, they defaulted on the loan and moved back to Mexico. They are among those who will now benefit from the bailout. And how dishonoring to the woman who left Lupe the house. Disgusting.
“Yes, We Can….screw up the economy and the neighborhood and then leave the mess for you”.
Charlie Rangel needs to go.
Why not? It’s been policy that taxpayers are exactly that for as long as I can remember. What do you think Social Security is? Welfare? All this bailout represents is the next logical step in the takeover of America by socialists, plain and simple.
The question now becomes: What are you going to do about it?
RWR
http://www.rightwingrocker.com
Boehner was quoted in another outlet as saying that he will begrudgingly vote for it. I think he caved.
bansharia,
That debate begins Wednesday,right? You’re right about the Senate, of course… I was speaking specifically about the House, but my wording was vague and I apologize.
I hope that enough GOP Senators are sufficiently familiar with their stones to oppose this disgusting insult to honest, hard-working taxpayers.
Has anyone mentioned what this bill is going to do to the value of the dollar? I haven’t heard anyone talk about it yet, but I’m fairly sure that it will drop like a rock if this POS passes.
vicki,
I don’t understand how they will benefit as they have already defaulted?
What am I missing here as far as I know there is NO provision for such.
That would be people like you, Charlie.
Number of References to Iraq War so far: 3 (Lee, Rangel, someone else I can’t remember)
Ron Paul, a true conservative who so-called conservatives dismiss with namecalling.
Why isn’t Barney in handcuffs……of course he’d probably enjoy that.
lol @ gayle.
Cant,
The euro is based on anger towards America and nothing else. Eurabia is in major mess as well
more than just the USD will fall if that is any solace
here is an article that lists some of:
http://biz.yahoo.com/ap/080929/eu_netherlands_fortis.html
get your ducks in a row if you have not already
He looks disgraceful!
At least comb your hair dangit!
He looks like he had rough sex.
Gayle,
hard to cuff a greased pig even if he likes to wear lipstick
Bansharia, LMAO!!!!!!!!!!!!
By that logic, any negative to the economy promotes Socialism. Yes, everybody likes a safety net, but there is a distinction between loans that are to be paid back and the government owning mortgage securities.
The Constitution says nothing about baseball players on steroids, either. There is a role for Congress to play, but rich daddy bailing out the spoiled brat isn’t one of them.
I’m out in Idaho. Took me twenty minutes to submit my online opinion to Bill Sali, but it’s done; as well for Sens. Craig and Crapo.
Khan: Please don’t bring Ron Paul into this. At the end of the day, he may be a conservative, but he still thinks 9-11 was an American-led conspiracy. I don’t care how conservative a troofer is. If one is a troofer, I cannot support them by matter of principle.
And yes, “troofer” is a “name” which makes me a “namecaller.” Of course, the moniker fits the man.
CantCureStupid
Do you know where Melancon, Vitter and Landreu stand on this?
Fine analysis by stock guru Jon Markham. See http://blogs.moneycentral.msn.com/topstocks/archive/2008/09/29/markets-to-congress-700-billion-isn-t-enough.aspx
I contacted my Rep. A Dem from NJ. We’ll see if a Dem Congressman actually listens to his Non-union constituents.
Gayle.. LMAO.. that was funny.
Gayle,
snap on some latex if you try to put some cuffs on that critter
You have it backwards. Socialism consistently promotes negatives to the economy.
A “safety net” is something you provide for yourself, not something you let a government illegally extort money to provide a “safety net” for people who will only use it as a hammock.
What’s your point? There was no justification for Congress to stick it’s nose into that situation, either.
If Americans are this inept about the Constitution and what it’s all about, those very Americans pose a threat to the Constitution that makes terrorism pale in comparison.
RWR
http://www.rightwingrocker.com
NJ,
just lie and say you are union scum they won’t check…..
All the money from this bill will be gone in the time it takes to sneeze.
Kill the Motha!
rightwing,
right on right on don’t you just love softballs like that
If it were true that there is a role for Congress to play, then you should easily be able to quote the Article and Section that defines that role.
Care to bring that to the fore?
RWR
http://www.rightwingrocker.com
I told my congressman that there are four voters in my household and we told him we opposed to this bail out. The Democrats don’t need the Republicans to pass this trash. Let the Democrats hold this stinking bag and pay for it in November!
nlebou,
From the Advocate:
Apparently, Senator Landfill is okay with the bailout if some of the pie goes to agriculture, but I’ve had some trouble pinning down a stand on the bill as is. (I’ll bet you a buck she’ll vote for it, though).
I can’t find anything on Vitter one way or the other, but Melancon has stated that he doesn’t feel like he can win on this no matter how he votes. It appears that we constituents are hammering him on one side, and he’s getting bludgeoned by the House leadership on the other.
Considering that we’re the ones he works for, I think he needs to suck it up and do the right thing, but then again if wishes were horses, we’d all be riding.
A pity these crooks were not investigated 10 years ago. I don’t expect much to come of this since Congress is just as dirty. Let them fail now. The hammer will fall anyway, $1T bailout or not. I want to see the proverbial perp walks though – Wallstreeters and Congressmen both. Throw in a few officers with dressage quirts in hand as well.
Just emailed Tancredo, my Rep, but I have no idea where he stands on this… he’s been pretty quiet lately.
Man, my grammar sucks above. Please pardon the errors made in a moment of passion…
RWR
http://www.rightwingrocker.com
Ted Poe kicks a$$.
Someone forgot to tell Barney Frank he’d be on camera. Looks like he just rolled out of bed. He hasn’t combed his hair, pressed his shirt and his shirt isn’t even buttoned. Thank you Massachusetts for giving us this unintelligible sack of turd in Congress.
ahhhhhmothraaa love that movie to this day much better than godzilla
Did you read the bill chock full of have to hire minorty and women owned biz
crap to spend our $. nope no priority to make sure they are qualified just focus on that neverending quota…
Pay for it they will not. Congress is consisitently given a pass for the things they foul up, and the occupant of the White House gets the blame.
Of course, in this case, the present occupant of the White House SHOULD shoulder a significant portion of the blame for his involvenemt in this piece of crap.
RWR
http://www.rightwingrocker.com
I thought so. I would really like to know where Vitter stands. Melancon will vote for it.
All the money is going to be more like $1.4 trillion.
And yes, it will be gone.
Cant,
are you sure that relates to the bailout bill or was in relation to the continuing resolution that was passed over weekend?
I agree but there is lots of blame to go around on this one. This mess goes all the way back to 1973.
Romeo,
Tancredo HAS been very busy he proposed the anti jihad bill HR6975 be sure to call him and give support on, it bans sharia and other deathcult stuff
I feel inept I don’t have my own blog to spam every damn time I post something,lawdy. rightwing that is very tacky in my book……
I like Tancredo but he is not running for re-election.
From Fox News blog:
At leasts I won’t be forced to vote for this idiot again. (sigh)
He’d be great for the Federalist Party, methinks.
RWR
http://www.rightwingrocker.com
I’m seeing the reality of the world we live in. The forefathers never foresaw the global economy we are now in. They also didn’t foresee abortion or technology, but that doesn’t mean we can’t extrapolate their views. No, I’m not saying the Constitution is a living document. I’m pointing out the reality of the situation. Out forefathers would not let the country go into a depression if there was an action they could take to prevent it. The difference is between an action that fundamentally turns us toward Socialism or one that helps get us past the current situation, but leaves our republic and free markets intact.
Name names please!
Yes he means you Barney Frank!
Michelle. You must see this.
The $700 billion figure? Looks like they just pulled it out of their asses, like classic con artists.
At best, they can attempt to protect us from the dishonest and fraudulent. In fact, anything they do distorts the market and leads inevitably to them trying to do something to correct the distortions their previous actions have caused. We didn’t get to this bailout as a starting point, but as the most recent endpoint of a series of congressional actions over a century or more.
Good grief, bad ole barney taking credit? sorry barn ,ain’t buyin it. crapweasel.
Another socialist invention. The forefathers would not have allowed it.
The reality of the world we live in is simple: We would be a whole lot better of if Americans would force those we elect to abide by the limitations placed upon them by the Constitution.
The Forefathers may not have foreseen a global economy, but they DID see the dangers posed by socialism. They may not have foreseen abortion or what you call “technology”, but they foresaw their eventual effect on America and her people.
Our Forefathers also knew that there IS NO ACTION the government can take to prevent a depression (and this bailout is proof).
The Founders purposely wrote the Constitution to impose STRICT LIMIATIONS on the federal government. This clearly includes micromanaging the economy. The purpose of government has nothing to do with economics, and it simply cannot be said that the Founders would have done this or approved this sort of thing coming from Washington.
Actions have been in place for nearly a hundred years that do just that. Fannie and Freddy were a part of that (or do you hold that they were “private sector businesses”?).
It’s time that trend were reversed.
RWR
http://www.rightwingrocker.com
You know that comes as a surprise to everyone.
OMG Oberstar (D-MN) is almost as bad as Byrd for sheer pomposity. It would be funny if it weren’t so important.
Not just a series of congressional actions, txvet, but a series of ILLEGAL congressional actions.
Americans have some serious learning to do.
RWR
http://www.rightwingrocker.com
Barney Frank
FifeFrank is a crapweasel.I added my 2 cents to Tom Davis, asking that he vote no on this mess. Not sure how much good it will do though.
Hi Michelle,
Too bad the entire Senate isn’t made up with people that espouse the character of our WY Senators. I doubt we’d be in this mess if it were the case.
We may only have an entire Congressional Delegation of three, but they are three excellent ones.
Some international markets are now approaching drops of 10%, and on average international markets are over 5% down, and that number is increasing. The bloated pigs we call politicians are too late. Buffet said that if this bailout hadn’t passed before the markets opened Monday morning, it would be too late and further action wouldn’t matter much. Looks like he was right, once again.
A complete joke! Some debate. Anyone that questions the role of the democrats and especially Barney “Gay as the day is long” Frank is met with Barney immediately yielding time to himself so he can blame everyone else.
Other countries must laugh at us. Some homo in office looks the other way while a financial crisis is coming and then he gets to control the “debate” and blame everything that moves for his failure.
I’ve been trying to contact my representive, Mike Turner, but the Congressional switchboards are full, most likely clogged with thousands of people voicing their extreme opposition to this bill, which Congress will still pass and high-five each other later despite all that extreme and surprisingly bipartisan opposition.
This has to be the absolute lowest point for Congress in at least the last eight years. I shudder to think how much farther lower they will sink, especially if the Democrats increase their majorities and the Anointed One takes his rightful place on the throne.
Watching human refuse such as Maxine Waters blather incoherently is almost as maddening as watching Barney Frank slobber all over himself and Chuck Schumer fellate every microphone he’s ever seen. The nation is indeed in the toilet when clueless Marxist idiots like this are in Congress, for it shows the cluelessness of the electorate. I wouldn’t hire any of them to wash my car.
You have to wonder, watching some of these nincompoops, what the collective IQ of their districts are. Oh, wait, she represents Detroit.
Nevermind.
Barney Frank looks like a homeless bum. Better get used to it Barney, it’s going to be all too real soon enough.
FWIW…
Scott Garrett of NJ did a particular good job in analyzing and criticizing the MOAB.
He said call ratios on the subject have ranged from 10:1 to 100:1 against…
PS. Where’s MY bailout???
I hate to say this, but I think we have been caught by “bait and switch.” We have been intensely focused on the bailout.
But the really big money is in the unpassed Departmental authorizations, all wrapped up into a continuing resolution. That “must pass” legislation needs to be approved today or tomorrow, and is getting virtually no attention because of the bailout — but it is many times bigger!
This country has to be headed for a breaking point.
I just tried to put a call through to my Mass. representative and senators.
Yes, I know, all three of them are socialists, so what would be the point.
But, I felt it was my civic duty…plus, I could leave a snappy remark or two while telling them to kill this bill.
Well, no luck getting through on six different numbers.
Nothing but unanswered, endless rings; or busy signals; or icepick-in-the-ear sounds, followed by “all lines are ?busy ?in use”.
Then, it struck me again how this con game is rigged.
We boring, responsible, taxpaying people with jobs are keeping the country going…who has the time to spend waiting for a line to be “free”, or unbusy?
Meanwhile, these politicians – most, or at least many, of whom possibly have never held a real job in their life – are hatching ways to screw us taxpayers, by crafting BS-wordy laws that try to fool us by essentially peeing on us and telling us it’s raining;
at the same time that these laws reward bad behavior by their rich friends who, let’s face it, likely do not hold real jobs;
and reward bad behavior by people who vote for them, so many of whom don’t pay taxes in the first place, and in fact might likely already be not working at all, and on the dole;
and who thus have the time, since they are not working, to lobby for additional screwing of responsible taxpayers.
I’m so bloody furious for being played for a fool….
On September 29th, 2008 at 11:40 am, txvet2 said:
Of course not. There’s just proof for it this time.
‘Bout time SOMEBODY got mad …
America needs a wake-up call.
RWR
http://www.rightwingrocker.com
all this on the eve of Rosh Hashanah…I can’t breathe, this lot stinks so much…
Almost forgot….
As the saying goes, “idle hands are the devil’s tools”.
Boy, are we finding that to be true.
Yeh, but screw the Republicans too.
They deserve what we get because they did it to themselves when they were in power.
Our forefathers didn’t know what a depression was. Adam Smith’s “Wealth of Nations” was only published in 1776 and the concept of political economics didn’t gain ground until well after that.
Remember that one of the things we declared independence from was the concept of debtor’s prison, which is why bankruptcy is included in Congressional powers under Article 1, Section 8 of the Constitution. Also one could successfully argue that between that section’s authorization of Congress to borrow money on the credit of the U.S. and regulate commerce between the states and foreign countries, combined with the Federal Reserve Act, the concept of loans to failing companies, rather than a full on bailout, is 100% constitutional and consistent with the intentions of our forefathers.
I don’t know where my congressman is regarding his vote. Westmorland generally votes against this type crap. However, I am terribly concerned that my senators from GA will support this MOAB as their websites and Email responses indicate they are trying to “do the correct thing in a responsible manner for Georgians and the country.” (BULLS T)
Ron Paul comes down on the right side.
http://www.thenextright.com/davidfarrar/ron-paul-says-american-people-overwhelmingly-oppose-bailout
Maxine Waters and Barney Frank with my first cup of coffee. That’s no way to start the day. Expel those two perverts and a couple hundred more. Then perhaps nothing can get done and all honest people can sleep better.
Re: Cosmo
Ron Paul does not believe 9/11 was an American-led conspiracy. I’d like some proof before you spew out inaccuracies.
Anyway – even though Michelle hates Paul, his comments on the floor were very, very important and need to be heard: