Bailout failout: GOP measure to stop TARP II goes down
A group of Senate GOP conservatives attempted to stop the Bush/Obama/Reid money grab for the second half of the Crap Sandwich.
The measure went down 42-52. I’ll post the roll call vote when it goes up.
Andrew Moylan at NTU:
The Senate just voted 42-52, FAILING to pass a resolution of disapproval on spending $350 billion more on the TARP bailout plan. That means that they supported the second half of the bailout. The measure will now move to the House where, if it passes, it will certainly be signed into law.
FAILout, part II. Apparently that first $350 billion was so effective that the Senate couldn’t help itself but to vote for the second half, too.
Borrow. Spend. Panic. Repeat. The inexorable cycle goes on.
***
Sen. David Vitter’s statement:
U.S. Sen. David Vitter today issued the following statement regarding the vote on his resolution of disapproval against President Bush’s request to release additional funds under the Troubled Assets Relief Program on behalf of President-elect Obama’s incoming administration. A provision within the bailout bill passed by Congress last fall provides Congress with 15 days to pass a resolution of disapproval to stop the release of additional funds. Vitter Tuesday introduced a disapproval resolution co-sponsored by U.S. Sens. Bunning, DeMint, Inhofe, Sessions, Barrasso, Brownback, Enzi, Cornyn and Roberts, but the resolution was not approved by this evening’s vote of 42-52.
“We came close but fell short in this important fight in defense of the taxpayer. Considering the harsh criticism that has accompanied the management of the first half of the $700 billion released by the government, I’m disappointed the Senate has chosen to ignore the majority of the American people and has instead moved to release the rest of the TARP funds – especially with no real accountability for this money in place. We have seen an unprecedented level of spending in the recent months and are digging our nation deeper into debt,” said Vitter.
***
A Senate staffer sends a very fitting scene from “The Money Pit:”
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- Bailout Nation « Designated Conservative
- The TARP Must Be Stopped « The Forum
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- BAM Stimulus: Oh My God « JoHNBRoDiGaNDoTCoM
- ridin’ with the king » bailouts are forever, but i heart my senator
- ThisGlobe.com Blogs » Bailout failout: GOP measure to stop TARP II goes down
- ButAsForMe! » Bailout failout: GOP measure to stop TARP II goes down
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Can anyone tell me whatever happened to the old-fashioned Mr. Smith Goes To Washington style filibuster? Not the fake ones the democrats used, I’m talking about the “break out the cots” and talk for hours on end…
Why aren’t these so-called conservatives trying THAT?
He is LGM’s “open” government.
Anyone notice the water in bowl is swirling…down…down…down…I hear a faint “hellllllllp”…gurgle gurgle. It’s America being flushed down the sewer.
Because on any given issue, there are more than enough RINOs to stop it. After all, the ‘Rats only need a couple of them now.
These true patriots, for the people, U.S. Sens. Bunning, DeMint, Inhofe, Sessions, Barrasso, Brownback, Enzi, Cornyn and Roberts, need to distance themselves from the RINOs and form their own party. If they want to see the fastest emerging political party for a sure win in the next election, they need to break away from the GOP and start a party for the people. The GOP as we know it, is dead and buried. A new party will win hands down. If they stay with the GOP, they will become outcast within their own RINO party. You guys need to take heed to my words. The time is ripe and the American people are fed up with the crap sandwiches force fed to us. Obviously the will of the people doesn’t matter anymore, but it will be in November 2010. That is if we are still alive then. Demint is one of my Senators that I am proud of and I am urging him on to form a new political party.
What the hell? It’s only (fake) money.
Yeah that fake money is reality when it comes out of my paycheck.
My man Cornyn. God Bless Texans like him. Makes me proud I voted for him.
I’m not a scholar, but my thought is that a filibuster is used to keep the floor/debate on a proposed bill in the Senate open to prevent it from being voted upon. That 40 votes are necessary to stop debate and vote.
This instance is that the previous TARP law has the funds being released without further action necessary by the Senate.
The actual bill voted upon here was to prevent the funds from being released under the terms of the previous bill. So… it was necessary to bring this bill to the floor to KILL the TARP bill from having it’s “funds” (actually debt) released.
No problem, to quote a huffpo poster, “we can just print the money and it will be fine.”
I will say it again and again,this is the largest THEFT of money in the history of the world.
I think it’s obvious that the Republican Party is totally dead.
A filibuster on the weather would be welcome since it would keep any other bills from being passed.
Mark Twain said it best:
They really, really do think that stuff grows on trees. Or maybe they think money is the offspring of a mailbox and the postman’s arm.
Dear Mr. Vitter,
Please go home stop voting against anything END THE CHARADE.
If you care about America and desire for her to come back you will go home talk to Americans vs those who live here
and fight another term.
Leave the RINOs and dems to do what they will.
GO HOME SIR America needs leaders with boots on the ground vs loafers on feet in DC.
lone,
this is waaaay past party identity
this is about who is American and who aint…..
nail,
Why filibuster anything what is the point? Why continue to prevent dems and rinos from doing what they desire to?
Let all see it in pure form nothing to hide behind, air them out front and center. Remove the whipping post.
GET OUT OF THE WAY let it happen.
I agree to a point. It will be nice to see who stands out as a true conservative, fiscally, at least. From these, we might be able to build anew.
Perhaps this is that “sucking sound” Ross Perot warned us was coming . . .
The GOP has no leadership.
The nation has not stop-gap against the left.
We have entered another Dark Ages.
They changed the rules so that can’t be done any more.
I’m beginning to think our nation has once again hit a point of taxation without representation in the halls of Government. Thinking of all the crap legislation that is being shoved through the House and Senate without the light of day shinning on it the last few days I am having trouble sleeping I am so damn angry. How mad, pissed off, or down right angry do to we have to get before the lying crapweasels in DC get the hint we are tired of being robbed blind. When in the course of human events………
ΜΟΛΩΝ ΛΑΒE (mo-lone lah-veh) Translation: Come and take them!
House republicans seem to be semi-good.
But the senate republicans are despicable.
RNC chairman is despicable.
We need to flush out losers.
Maybe it’s just me, but I seem to remember that back in October we were told that if the mortgage industry wasn’t ’saved’ immediately, the whole world was going to end. Now here we are in January, the only monies spent were to relieve banks (who promptly 1: threw it in their savings accounts, 2: bought other banks, or 3: paid out bonuses), and to my knowledge, not one mortgage has been saved. The primary restructuring was done by the fed reducing the prime rates to near zero.
So, now the banks are back with “Please Sir, may I have more”, and our good politicians are bending over backward.
In 2 years we can go back to the voting booth. Odds are the same corrupt and deaf scumbags will be reelected, and the newly elected will elatedly take the “Oath to Wealth and Power” and forget any promises made to their constituants.
There are 2 frequencies the Congress members are able to clearly hear and understand:
1. The sound of thumbing through a bundle of cash.
2. Gunfire. The closer to the Capital Building the better their hearing improves.
But for these RINOs who failed to support Vitter’s resolution, it would have passed:
Alexander (R-TN)
Gregg (R-NH)
Kyl (R-AZ)
Landrieu
Lugar (R-IN)
Snowe (R-ME)
Voinovich (R-OH)
Hatch (R-UT)
We must run these people out of the party if we ever expect to save this country.
woops, delete Landrieu she’s a real Dem, not a poser like those others. Atleast she’s honest enough not to represent herself as something she isn’t. I would trust her more than any of them. Her constituents knew what they were getting when they voted for her. Unlike us Republicans who have been lied to.
Alexander (R-TN)
Gregg (R-NH)
Kyl (R-AZ)
Landrieu
Lugar (R-IN)
Snowe (R-ME)
Voinovich (R-OH)
Hatch (R-UT)
What is the deal with Kyl and Hatch? Both are once good conservatives from safe Republican states who have been acting very squishy the last few years.
Welcome to the New World Order here in Amerika with the Holy Trinity: Reid, Pelosi and of course, the Messiah himself, Obama.
The Whig Party went down in flames and the country survived so can it survive with the destruction of the present incarnation of the RINO Party.
“Owners of capital will stimulate working class to buy more and
more of expensive goods, houses and technology, pushing them to
take more and more expensive credits, until their debt becomes
unbearable. The unpaid debt will lead to bankruptcy of banks,
which will have to be nationalized, and State will have to take
the road which will eventually lead to communism.”
Karl Marx, 1867
It’s high time that Vitter gets a position of power in the Senate. He’s one of the very few good Republican politicians left on the hill.
WE HAVE NO REPRESENTATION IN WASHINGTON.
LET’S MARCH! LET’S RIOT, LIKE THEY DO IN OTHER COUNTRIES FOR MUCH SMALLER ISSUES!
PLEASE!
Republicans lost the election because they did not stick together….We have part two of the bail out because Republicans will not stick together. These turncoats should be ejected from the Party. Sadly, we as Republicans, are getting what we deserve.
On January 15th, 2009 at 9:26 pm, MNUSMCDavid said:
To wring out your Whig analogy do want to put the Pelosis, Reids and Obamas in until we can have a civil war?
Since the amount of money in these TARP/bailout/stimulus/shush funds is so gigantic, that’s what people naturally focus on. It’s also worth noting how miserably government does on projects that are paid for by your money.
A prime example is right in my neighborhood. An addition of a carpool lane to a section of a freeway for only a few miles has now gone on for more than five years with no end in sight. The traffic situation is much worse than it was before, with cars staying on surface streets for longer periods of time, belching pollution as they idle. Time and time, deadlines have not been met, and no one or no company has been held to account. A few blocks away, work began on an existing on-ramp more than a year ago. It is still closed, although signs first promised it would reopen September 15. I think the next date was October 15. The last goal was completion by the end of 2008. There are new signs, new unused lanes, and even functioning, useless, traffic signals, but the “work” still has to go on for some reason – perhaps to pad the pockets of the construction companies and unions – the same folks who are now lobbying for pieces of the ever-increasing federal boondoggle fund.