Hensarling says why he voted NO

Rep. Jeb Hensarling, R-Dallas, chairman of the Republican Study Committee, was a leader in opposition to the $700 billion bailout.

"I have made clear from the beginning that the Paulson plan had fundamental flaws that were unacceptable to the American people, and should not have been the only alternative considered by this Congress," said Hensarling in a statement.

“Speaker Pelosi and House Democrats are the governing majority, and they have a responsibility to work with us to solve this problem.  Inaction is not an option, and House conservatives stand ready to work for as long as it takes to do this right.   There are alternatives that the Republican Study Committee and others have offered that must now be discussed and considered as we work to solve this crisis in a way that the American people support.”

-- Maria Recio

Comments

[JS Jones]

Hurray to those reps smart enough to vote NO on this travesty of a taxpayer mugging! We are already well on our way to becoming a Socialist nation and this bailout just gets us that much closer. Let the market take the hit. It will be painful in the short term, but at least we are sending a message to the irresponsible twits on Wall St...the taxpayer will NOT underwrite your dimwitted lending practices and reckless risk taking.

No golden parachutes for these "Privatize the profits, socialize the risk" bandits! I urge everyone to keep flooding your congressperson's mail and email boxes demanding that they continue to say NO to this mugging of the people.