Oct 01 2008
Barrett Only SC Delegate to Vote Against Bailout
U.S. Rep. Gresham Barrett said his vote against the $700 billion financial rescue plan was the biggest he has ever cast in his career.
He was the only one of South Carolina’s six congressmen to oppose the bailout, and he said Tuesday he is confident Congress will get back to work and pass something different — and better — soon.
Why do we need a different plan? Why do we need a plan at all? Remember Black Monday in 1987? How did Reagan handle that? He did nothing. There was no government bailout, no intervention whatsoever. Wall Street recovered and ended up having the longest term of economic prosperity in American history in the decade following.
Update: This post referenced the first House vote taken on the Federal Bailout. When the bill came up again for a second vote and the House passed the bailout, Barrett voted for it.
Mr. Barrett,
I just want to thank you for voting “No” for the bailout. I do plan to vote against all who voted for it, including both candidates running for president.
We the people no longer have true representation from our government leaders.
Bonnie, unfortunately this was the first House vote that Barrett voted against. When it came up the second time and the House passed it, Barrett voted for it.