Bailout Vote Fails

September 29th, 2008

Following a GOP-bashing speech by Nancy Pelosi, House Republicans and Democrats said no to the “crap sandwich”.

Good for them.

While something desperately needs to be done to repair the economic breach, a $700 billion bailout bill loaded with pork and kickbacks isn’t the answer. To quote Congressman Jeb Hensarling (R-TX),

“In my heart and in my mind, I believe that this plan is fraught with unintended consequences, would force generations of taxpayers to pick up the tab for Wall Street losses, and could permanently and fundamentally change the role of government in the American free enterprise system. Once the government socializes losses, it will soon socialize profits. If we lose our ability to fail, we will soon lose our ability to succeed. If we bail out risky behavior, we will soon see even riskier behavior.”

For Nevada, Reps. Shelley Berkley (D) and Dean Heller (R) voted no. Rep. Jon Porter (R) voted yes.

Kudos to Berkley (I live in her district) and Heller for rejecting such a pile of used food; as for Jon Porter, whatever happens to him on Election Day, happens.

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One Response to “Bailout Vote Fails”

  1. ben on September 29, 2008 September 29, 2008 - 10:02 pm

    My Rep (John Tanner, D-TN) voted for the bailout. He’s also unopposed this time around. I wonder if that is a coincidence…

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