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September 26, 2008
Rep. McCotter's Forceful Rebuke of Bailout and More Notes!
Rep. McCotter's (R-Mich) Forceful Rebuke of Bailout Plan on House Floor
Before I was elected to Congress we used to hear that when faced with a crisis, members of Congress would invariably soil themselves, throw money at the problem and hope that it went away.
Unfortunately, in these dysfunctional economic times, we find that this process has continued.
As Americans face a potential meltdown of the financial sector, we have seen what I believe to be an inappropriate response starting with this Administration.
From the time we were informed that a potential financial meltdown was going to occur, this separate equal branch of government which is the U.S. Congress was told that we had but one alternative and that if we did not pass it quickly — in the time specified *by* the executive branch — that our economy would be severely damaged.
It has been my opinion that we were elected, by the sovereign people of the United States, to make important decisions on their behalf, to do it with the due diligence and devotion that is due and to come up with a positive solution to their situation.
Last night, I was struck by the fact that again we were told [by the President] that again if we did not give unlimited amounts of money and unlimited powers to the Executive Branch that *we* were failing in our due diligence and responsibilities to the American people.
I heard the President of the United States say that we do not understand the need to act.
That statement is false. We understand the need to act.
We heard from the President of the United States that we did not care about American families.
That statement is false. We care very much about American families.
What we did not hear was a recognition that a three-page document that gives to the Treasury Secretary and the Chairman of the Federal Reserve powers — the likes of which Stalin and Mao killed people for — was not an acceptable response to give to this separate, equal branch of government.
Today, we are told that House Republicans are standing in the way of a $700 billion use of your tax dollars to bail out the very people who caused this problem!
Guilty as charged!
House Republicans believe there is an alternative.
The Administration tells us that their first, last, only resort is to go to the taxpayers and bail out Wall Street. We fundamentally disagree with this!
Wall Street should bail out Wall Street.
House Republicans believe that the toxic assets clogging up our economy should first attempt to be recapitalized by the very people sitting on the sidelines with their money waiting for you the taxpayer to be fleeced and put it in so they are “confident that the market will work”.
We can not re-inflate the bubble.
The people who on Main Street invested and saved and had good credit their entire lives should not be asked to go back in to help cowboy capitalists who shot themselves in the foot.
I have supported the President when he has been correct.
But he is in err now.
House Republicans stood and supported the Patreus surge.
Today House Republicans oppose the Paulson splurge so we can have prosperity in America in the long run.
We will not engage in a rush to judgment that destroys the possibility of the free market and prosperity for decades to come.
We will not walk out of this room after a forced vote waving a piece of paper in our hands claiming “fleeced in our time.”
We will the job we were entrusted with.
.
Wild Thing's comment.........
I have posted about Rep. McCotter before, he is another one of the awesome conservatives on OUR side, yep a Republican but a conservative and that is what seperates the males from the MEN! saw Thaddeous McCotter several weeks ago on C-SPAN, he was speaking about the Republicans on the floor after Nancy Pelosi shut the lights out. He was awesome then too.
“What we did not hear was a recognition that a three-page document — that gives to the Treasury Secretary and the Chairman of the Federal Reserve powers the likes of which Stalin and Mao killed people for — was not an acceptable response to give to this separate, equal branch of government.”
Wow.
Rush said that they let Obama take command at the meeting and he was a complete disaster! The Dems deferred to Obama, who ripped the Republican proposal. It disintegrated into a partisan shouting match. That's why he ran out the back door and then appeared on Fox News to act like he was in control of the situation. Talk about “take your kid to work day!” The Dems wanted to brag that Barry was the savior of the meeting. Good luck with that.
They asked Shelby if it was true 20% was going to ACORN.Shelby said it is absolutely true.
THANK GOD McCain came to town and had this ACORN funding derailed!
ACORN written in this deal.
They want more of the same, while socializing.
$140 Billion of this bailout to benefit voter fraud
According to several news and political sources, ACORN is set to make off with $140 Billion (with a B) from this bailout deal, more specifically according to Senator Graham, Section 5 of the Dodd counter-proposal to the Paulson Plan would set aside 20% of the profits from the Treasury’s sale of assets to The Housing Trust Fund and would benefit ACORN.
ACORN is a corrupt organization that has been accused and convicted of voter fraud in 13+ states. Some of their tactics have ranged from registering dead people to disrupting the testimony of General David Petraeus and Federal Reserve hearings, to trading cocaine for illegal ballots in Ohio back in 2004.
Lindsey Graham on Greta: Fox News
“And this deal that's on the table now is not a very good deal. Twenty percent of the money that should go to retire debt that will be created to solve this problem winds up in a housing organization called ACORN that is an absolute ill-run enterprise, and I can't believe we would take money away from debt retirement to put it in a housing program that doesn't work.”
Republican ....... John Boehner on Fox News:
“We will not agree to a Bill at taxpayer’s expense just to bail out Wall Street.” Congressman Roy Blunt spoke as well. Boehner took some questions and told the press that he’d been in conversations with the administration and the Speaker of the House all week. There was nothing that was put on the table yesterday that the Speaker, the Secretary of the Treasury or the President didn’t already know about. Conversations have been going on at that level, and I don’t know what games were being played at the White House yesterday...a gang-up on Boehner, but if they thought they were rolling me, they were kidding themselves.”
http://www.spectator.org/blogger.asp?BlogID=14879
“Paulson and his team have not acted in good faith for this President or the administration for which they serve,” says a House Republican leader who was not present at the White House meeting, but who instead is part of the team hammering out the House GOP alternative. “We keep hearing about how Secretary Paulson is working with Democrats on this or that, yet he never seems to consider working with the party that essentially hired him. Perhaps he’s auditioning for a Democratic administration job. Our proposal didn’t just spring forth fully formed; we’ve been working on this for several days, and Treasury staff has known about it.”
Run down:
1. Paulson is a Dem and a buddy of Schumer.
2. Paulson is undermining Bush and helping the Dems...Paulson and other dems incl Quisling want McCain in Washington.
3. As Rush said, the reluctant astronaut, Barack goes to Washington.
4. In reality this was supposed to show off the "leadership skills" of Obama.
5. Obama tries to chair the meeting with PREZ there...Obama blew up the White House meeting
6. Dems now lie about the proceedings, saying McCain messed it up.
7. The concerns of the HR GOP are raised, and McCain backs up their concerns
8. Seeing what is going on, McCain goes to the debate. People are puzzled.
These Dems are NOT FOR THE SUCCESS of citizens of this country. They are for the success of SOCIALISM!!!!
Neither McCain nor Obama have approved of this plan. I guess Obama was upset too about his preciouis ACORN being exposed that it was part of the bill.
Posted by Wild Thing at September 26, 2008 02:22 PM
Comments
From what I heard on Cavuto, the dems, NOW led by Jesse 'the poverty' Pimp Jackson, wants a stimulus package for the Po. In other words another hand out for people who don't work.
This is what's holding up the 'bail out'. A stimulus package, how bazaare. Why is it whenever there is a crisis, these people want another hand out and once again at OUR Expense. And the democrats just kiss their ass trying to accomplish it.
Posted by: Mark at September 26, 2008 07:01 PM
Mark, ( faninting here) OH MY GOSH, this is totally insane. Vultures!!!!!!
Here we have the dems that only care about their party and the handful of conservative Republicans that put we the citizens first.
Posted by: Wild Thing at September 26, 2008 07:38 PM
