Topic: Federal Reserve Bailout
Kill Bill The dreaded Financial Markets Bill - aka: HR 3997 Failed to pass congressional muster on Monday, September 29th.by Dan Steward
(libertarian)
Monday, September 29, 2008
Depending on who you ask, (7%-30% that disapproved of the Mother of all Bailouts) over taxed, over regulated, and generally pushed around Americans have rightly leaned on their representatives enough to explain to them that November 4th is Reckoning Day.
Our memories (some of them, at least) are a bit longer than the congress critters would care for us to have.
According to C-SPAN here's how the vote went down:
Yea Nay NV
Democrat 141 94
Republican 66 132 1
Total 207 226 1
Jerry Weller R-IL, Deputy Minority Whip of the House, was the lone non-voting holdout of those present. According to Weller's Wikipedia page entry, http://en.wikipedia.org/wiki/Jerry_Weller he is not running for re-election, therefore being immune from any actions to unseat him in the next election.
Wikipedia mentioned that he "wanted to spend time with his family". Disgraced politicians appear to quit all the time to spend such quality time with kinfolk. I suppose that when politicians each reuse the same excuses they can put it on their resume as doing something to "help the recycling effort".
It's interesting how the Senate held the voters in contempt to the point where they felt that they'd "forget" their own vote to foist the bill for this mammoth welfare check on those that pay their salary. Being in office for a term of six years as opposed to members of the house that can conceivably get flushed every two years must have made them feel just a bit too mighty. Perhaps those entrenched in Washington aren't so deeply dug in as they had originally thought.
Good! they need to fear the ire of the population they have sworn an oath to the U.S. Constitution to serve. They can serve us best by staying out of our way and having the good sense not to attempt to enslave us or empty out our pockets with every visit they make to the Capital. Let this be their long overdue wakeup call.
With Liberty,
Dan Steward
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I'm afraid that your celebration of the defeat of the bailout is about two buckets short of a slop trough. If you don't think this bailout is still underway, and will pass with patriotic flags unfurled and oceans of inflationary cash gushing out of the crust like Hot Pockets, then you're in for a sad day, indeed.
The bailout wasn't "defeated", it was postponed. Some of the postponement was to make Bush look bad, some of the postponement was for Democrats and Republicans to throw some slop on each other, and a LOT of the postponement was to make gleeful citizens (like you) think that IT AIN'T GONNA HAPPEN.
Well, the power of politics can never be bulldozed that easily. And, when the MONEY MASTERS toot their flute, the puppets will dance their civilization-saving dance and vote "yes". If this one gets defeated, I'm going to be willing to believe that Wile E Coyote will soon catch the Roadrunner! If only it were so!
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