Those Who Voted No

The Senate voted tonight on that steroid-laden bailout rescue plan.  I do believe action needs to be taken, but this is the wrong approach.  Here’s a list of those who voted no:

Allard (R)
Barasso (R)
Brownback (R)
Bunning (R)
Cantwell (D)
Cochran (R)
Crapo (R)
DeMint (R)
Dole (R)
Dorgan (D)
Enzi (R)
Feingold (D)
Inhofe (R)
Johnson (D)
Landrieu (D)
Nelson (FL) (D)
Roberts (R)
Sanders (I)
Sessions (R)
Shelby (R)
Stabenow (D)
Tester (D)
Vitter (R)
Wicker (R)
Wyden (D)

One of my senators, Wayne Allard who isn’t running for re-election and is otherwise worthless, voted no.  I’m also very disappointed that both McCain and Obama voted yes.  This just feels like a sell out to the Wall Street wizards and lobbyists at the expense of the rest of us. 

I’m really not all that impressed that it included a bunch of stuff congress needs to pass as stand alone bills, like fixing the alternative minimum tax.  I also wonder how many senators actually read the entire bill before they voted.

I’m hoping cooler heads prevail in the House and they send something vastly better back to the Senate.

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4 Responses to “Those Who Voted No”

  1. thesoulofthecreator Says:

    It is a good variety of people that voted against the bailout. The American people really need to be put first in this crisis when people who have had houses forclosed, and small businesses go under get bailouts then I’ll listen to what Congress says.

  2. James Longford Says:

    @thesoulofthecreator
    > when people who have had houses forclosed, and small
    > businesses go under get bailouts then I’ll listen to what
    > Congress says.

    So let me get this straight: you won’t support action to stop the very problem that is causing house foreclosures… until they help people whose houses are being foreclosed?

    What you are saying is that your neighborhood is on fire and you won’t put out the fire until they drop the price of fire insurance, which you don’t have.

    This lunacy is painful to watch.

    The people who caused this problem are the super-rich. While they might end up down to their last $50 million, it is you, your friends, your kids, your folks, your grandparents who will be hurt.

    This is as painful to watch as it was to watch America sleep-walk its way into the Iraq War. Nevertheless, it looks as if you are going to be saved from your own lunacy, not least for the benefit of those ordinary people on mainstreet who have the most to lose.

  3. James,

    Perhaps you are getting different media coverage than here in the U.S. What many of us are angry about is how the government went about this problem. The Sec. of the Treasury asked for a blank check for $700bn with no oversight. We rebelled.

    There are well respected people on both sides of this issue. Many of us are not convinced that this bailout has been well planned and/or will actually solve our problems.

    For me, I would rather see Bernie Sanders’ plan implemented whereby couples in this country earning more than $1m per year would pay a 10% surtax, which rightly puts an additional burden on those who did so well under the Bush years. In addition we’d like to see a $.25 tax on every stock transaction, along with a one quarter suspension of dividends.

    We also want to see an independent special prosecutor appointed to hold those responsible for any wrong doing. In addition we want the Glass-Steagall Act reinstatated along with some additional anti-trust laws enacted. If an institution is too big to fail, then it’s too big to exist.

    And I think most of us want to see CEO compensation packages brought back down to earth. They are currently making on average 400 times what the average American worker is paid.

    So you see there are other solutions to this problem and that is what we are urging our representatives to consider.

    We are finally fed up with our elected officials working exclusively for big business at the expense of the rest of us.

    Enough is enough!

  4. James Longford Says:

    Gyma, I am in full agreement with everything you said except for one thing.

    I agree that the initial deal was horribly lousy. Arrogant. Appalling even. You also have every right to be fed up with your elected officials and especially with big business. In my opinion the individuals involved should pay dearly. That will come later. This law can and will be modified at a later date.

    This situation is not about the stock market. It does not follow normal rules. It does not give off the usual warning signs. Right now, the economy is suffering brain damage from lack of oxygen, yet everything seems peaceful.

    You may be under the impression that you are taking a stand, but you are not. You are hurting yourself. In your insistence to punish the perpetrators of this crime, you punish those who are dear to you – your friends and family. You are self-harming. Everything you get from a better deal now, will be lost through the damage caused by delay. And worst of all, those you seek to punish are those who have the best resources to survive. Sorry to disappoint you, but your protest will not hurt them. Staying strong and hitting them later, will hurt them.

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