Why One Congressman Voted Against the Bailout

[marmar]

from the Dollars & Sense blog:



Tuesday, September 30, 2008


Why One Congressman Voted Against the Bailout
by Dollars & Sense

Rep. Maurice Hinchey (D-NY) made several important points in his explanation of why he voted "no" on the bailout:

* The bill would have given $700 billion to the same administration that got us into this mess in the first place;

* Even Bernanke says that only $150 billion or so will be needed over the next 6 months or so, so why not let a new administration formulate a longer-term plan?

* There are other pressing needs in this country that should come before bailing out "Wall Street powerbrokers who got greedy and took advantage of the system."

Read his full statement here.




http://www.dollarsandsense.org/blog/2008/09/one-congressmans-take-on-why-he-voted.html

[jjanpundt]

1. If Bernanke and Paulson had any scruples, they both would

have resigned over this debacle.

[Gin]

2. they used the financial WMD to stage the last phase of the coup/

before Iraq it was WMD > a mushroom cloud...now it's economic meltdown (WMD) >businesses will close and jobs will be lost....that's a mushroom cloud also....

There are other viable options being presented...please Congress....take a step back and review them..