Local congressmen split on bailout vote
by Lindsay Barnes
As the House of Representatives voted down the $700 billion bailout package that would have absorbed much of the debt of the remaining banks that has sunk such institutions as Fannie Mae, Freddie Mac, AIG, and, this morning, Wachovia, the men representing central Virginia split on the measure. The Fifth District’s Virgil Goode (R-Rocky Mount, representing Charlottesville, Albemarle, Greene, Nelson) and the Sixth District’s Bob Goodlatte (R-Harrisonburg, representing the Shenandoah Valley), were in the majority of 227 voting against the deal. The Seventh District’s Eric Cantor (R-Henrico, representing Orange and Louisa) was among those voting in favor of the bill.
Well, Virgil continues to prove he our own village IDIOT. I highly doubt voting him out of office would help–he’d probably continue to wander the halls of Congress aimlessly wondering why nobody will let him vote for anything.
[...] As the House of Representatives voted down the $700 billion bailout package that would have absorbed much of the debt of the remaining banks that has sunk such institutions as Fannie Mae, Freddie Mac, AIG, and, this morning, Wachovia, …[Continue Reading] [...]
good. that bailout reek plan reeks. there are better ways to stimulate the economy than bailing out those greedy speculators. sorry for those they hoodwinked, but that’s life. if the taxpayers are paying to stimulate the economy, re-build our crumbling infrastructure, give us mass transit worthy of the 21st century, do anything but throw our money into a deep pit with rich peoples’ back accounts at the bottom. Virgil Goode is an idiot, but even a broken clock is right twice a day.
Well, it looks like Chief Deputy Whip Eric Cantor failed.
If Virgil Goode is an idiot what does that make McCain and Obama? Bought? That industry is failing? Warren Buffet doesn’t think so, he just invested $5B in a major financial institution last week. Citicorp doesn’t think so, it just bought a part of Wachovia this week. $700B is a lot of political payback at the tax payers expense. First, it was let Paulsen decide when and who. Anybody every heard of such a thing? Then it was have an oversight committee to decide which large contributors to bailout and which of their competitors to let sink. Why on earth would the tax payer buy up billions of bad investments and leave the good investments with those corporations that made the bad investments? That’s what the geniuses, McCain and Obama, wanted us to do. If you love either one of them, then take him to California and marry him, but not on my dime. We’ve had 10 days of dealing with the politics of fear, let’s have a few days of relief from gloom and doom. Vote for anyone else, these guys can’t lead, they were led.
Thank you Rep Goode. This govt and the Dem’s were just trying to line their friends and their pockets!!! If the accounting policy was changed the much needed liquidity would return.
The Dems had there opportunity to fix this in ‘03 and’04! But what do you expect with idiots like Barney Frank on the Finance Committe?