Oct 03 2008

$700 Billion Bailout Passes

Published by Bane Windlow at 1:27 pm under Bob Etheridge, Bob Inglis, David Price, Economy, Federal, GK Butterfield, Govt Waste, Gresham Barrett, Heath Shuler, Henry Brown, Jagoffs, James Clyburn, Jim DeMint, Joe Wilson, John Spratt, Lindsey Graham, Mel Watt, Mike McIntyre, North Carolina, Patrick McHenry, Richard Burr, South Carolina, Sue Myrick, US House, US Senate, Virginia Foxx, Walter Jones

The Senate as you are well aware by now passed a sweetened version of the bailout Tuesday evening.  The House voted again today and complied, as I suspected they would.  So the dirty deed is now done.  Bear in mind that this bill was rife with waist added by the Senate on Tuesday night that had nothing to do with the economical turmoil.

  • $2 million tax benefit for makers of wooden arrows for children
  • $100 million tax break to benefit auto racetrack owners
  • $192 million in rebates on excise taxes for the Puerto Rican and Virgin Islands rum industry
  • $148 million in tax relief for U.S. wool fabric producers
  • $49 million tax benefit for fishermen and other plaintiffs who sued over the 1989 tanker Exxon Valdez spill.

People, are you not outraged?  If so, ask yourself why you might be going to the voting booth in November to return the same people to office who just voted for one of the largest Federal power grabs in American history and threw almost a trillion dollars of money we don’t have down the toilet.  Are those of you in South Carolina prepared to give Lindsey Graham another six years?  Think twice.  He’s one of the culprits.  Richard Burr also voted for it on behalf of North Carolina.  Senators Jim DeMint (R-SC) and Elizabeth Dole (R-NC) opposed the measure.  Additionally, both Presidential candidates John McCain and Barack Obama voted for the bailout as did VP candidate Joe Biden.

I can’t get the vote information from the House yet.  The Web site must be getting swamped with traffic because it’s timing out on me, but I’ll post it as soon as I have it available.

Update: I now have the House roll. Sue Myrick and Gresham Barrett flipped on this, voting for the bailout today, whereas they voted against it before.

Voting for the bill:

  • Bob Etheridge (D-NC-02)
  • David Price (D-NC-04)
  • Howard Coble (R-NC-06)
  • Sue Myrick (R-NC-09)
  • Mel Watt (D-NC-12)
  • Brad Miller (D-NC-13)
  • Henry Brown (R-SC-01)
  • Joe Wilson (R-SC-02)
  • Gresham Barrett (R-SC-03)
  • Bob Inglis (R-SC-04)
  • John Spratt (D-SC-05)
  • Jim Clyburn (D-SC-06)

Voting against the bill:

  • G.K. Butterfield (D-NC-01)
  • Walter Jones (R-NC-03)
  • Virginia Foxx (R-NC-05)
  • Mike McIntyre (D-NC-07)
  • Robin Hayes (R-NC-08)
  • Patrick McHenry (R-NC-10)
  • Heath Shuler (D-NC-11)
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3 responses so far

3 Responses to “$700 Billion Bailout Passes”

  1. # David’s Blog of Common Sense » 700 Billion Dollar Bailout Now Law!on 03 Oct 2008 at 2:29 pm

    [...] Weekly Standard The Crone Speaks Carolina Politics Online [...]

  2. # V. Mebelon 04 Oct 2008 at 5:46 am

    Ronald Reagan must be rolling in his grave.
    Time for us to be rolling as well……..roll over and grab your ankles because they’re screwing us again.

    [Reply]

  3. # Carolina Politics Online » DOW Jones Down Over 800on 06 Oct 2008 at 1:58 pm

    [...] Remember on Election Day who voted for the bailout. [...]

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