Marchant Weighs In

"On September 29, 2008, I voted against the Paulson Plan to address the crisis in our nation’s economy," said Rep. Kenny Marchant, R-Coppell. "The process that led to consideration of this legislation was hurried and closed to alternative ideas from conservative members of Congress."

"I was uncomfortable voting for a bill that left the American taxpayers at considerable risk. When dealing with a crisis like this, the process needs to be open and transparent. This process was not open, punished the taxpayer, and rewarded those that were responsible for the crisis. I remain committed to working with my colleagues to pass a free-market alternative that protects the taxpayer and allows our economy to not only survive, but thrive."

Marchant said he heard from almost 2,000 constituents across the 24th district – "many for the first time." "The resounding message sent to me," he said, "was to slow down and work on a free-market solution that protects the taxpayer."

-- Maria Recio

Comments

[Darren]

I Do Not Agree With Voting No on the bail out. I think that a lot of the e-mails against the bail out are from people who are tired of taxes and do not understand how they will be impacted in the future if something is not done now. I do not agree with Wall Street fat cats making money on greed either. However, like what I heard on the radio this morning Wall Street is the sideshow to what’s going on in the credit markets. This mess will trickle down to Main Street as people start loosing jobs etc. Our representatives must go back to the bargaining table and fix this now.

[John R.]

Yes, Darren...that's impeccable logic. Big finance screwed up, so let's give them more money to screw up with.

Strangely enough, when I screw up, no one offers to give me more money...

[JS Jones]

Sorry Darren, you are just plain wrong. A bailout would just encourage more irresponsibility by the Wall St moguls. They need to feel the pain and NOT be rewarded for their actions. Yes, there will be a recession and it will be painful, but we MUST treat the infection by letting the market correct ITSELF, not treat the symptoms by mugging the taxpayers and leading this nation further down the Socialist path.

[JR]

Darren,
On the contrary many of the people who oppose the bail out are very aware of what this bailout would do to the economy. To place us further in debt to the people who created this is irresponsible and a violation of the taxpayers trust. These Rep's who voted no should be applauded for listening to the overwhelming response from their constituents.

[Darren]

Ok, so many weighed in and said they do not agree with me, to each their own. Hmm but most are now changing their mind and now letting their representatives know that they want the bail out now, maybe they went home and looked at their 401 k, without the bailout things will get worse. Maybe a lot of these people that responded to me do not have anything at stake here.....

[Darren]

It passed, wish I owned an arrow company...