You know, I want to like Palin, if just to irritate those who feign apoplexy at the very mention of her name. But it seems clear that, like most hockey moms, she has proven an extremely weak extemporaneous debater, frequently consulting her index cards and resorting to platitudes when substance proved elusive.
In addition to the $700 billion dollars being used to take bad debt off the hands of the people who handed out the bad loans and the people who bought the bad packaged loans off of their hands, you are also being asked for an additional $100 billion in your hard earned tax money for the following "causes"...
Title III Sec. 308 - Increase on limit on cover over of rum excise tax to Puerto Rico and the Virgin Islands Sec. 401 - Permanent authority for undercover operations Subtitle A - General Provisions Sec. 502 - Provisions related to film and television productions Sec. 512 - Mental Health parity Title VI Sec. 601 - Secure rural schools and community self-determination program For or against the bailout please make no mistake this is not rising above politics, this is politics as usual.
Sec. 309 - Extension of economic development credit for American Samoa
Sec. 310 - Extension of mine rescue team training credit
Sec. 314 - Indian employment credit
Sec. 316 - Railroad track maintenance
Sec. 317 - Seven year cost recovery period for motorsports racing track facility
Sec. 319 - Extension of work opportunity tax credit for Hurricane Katrina employees
Sec. 322 - Tax incentives for investment in the District of Columbia
Sec. 325 - Extension and modification of duty suspension on wool products; wool research fund; wool duty refunds
Title IV
Sec. 402 - Permanent authority for disclosure of information relating to terrorist activities
Title V
Sec. 503 - Exemption from excise tax for certain wooden arrows designed for use by children
Sec. 504 - Income averaging for amounts received in connection with the Exxon Valdez litigation
Subtitle B - Paul Wellstone and Pete Domenici Mental Health Parity and Addiction Act of 2008
Sec. 602 - Transfer to abandoned mine reclamation fund
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by Thaddeus McCotter, Thank you. I rise today not to change anyone's mind but to express to my constituents my reasons for opposing this bill. There will always be time and pretext enough for people to compromise their principles and put forward poor public policy that may in the short run be popular but in the long run will be detrimental to the long-term interests of the American people. We learn this through history. In the 1832 Bank Panic, Andrew Jackson had the question of whether he would remove the Bank of the United States' charter. The people in the bank did not like that. They threatened the prosperity of the American people and in the middle of the panic Andrew Jackson looked at these bankers and said: "There are no necessary evils in government. The treasury to you, gentlemen, is closed." This was an act of courage on the part of President Jackson because he understood what was at stake was not merely an ephemeral prosperity or a panic caused by the very people with their hand out. Andrew Jackson understood this was about majoritarian rule. It was about the faith in the people's representative institutions and those who inhabit the seats in which they are entrusted. Today we are in a global financial bank panic. It is the first of our global economy. We are seeing a leveraged bailout of the United States Treasury. And in the end, these interests that want your money are threatening your prosperity. And the choice you face is this: You will lose, potentially, for prosperity for a short period of time, at the expense of your long-term Liberty. Once the federal government has got you to take that risk and pass it onto you as a quote-unquote moral hazard, they will be in the marketplace and as the free market is diminished your freedom itself is diminished. And as your Congress does not stand up to these and put forward a better plan that truly protects the taxpayers, and truly has the long-term interests of the United States at heart, you will be in jeopardy of losing both your prosperity and your Liberty. The choice is stark and it was put forward in the book by Doestoevsky. In the Brothers Karamazov the Grand Inquisitor came to Jesus and he said, "If you wish to subject the people, give them miracle, mystery and authority; but above all give them bread." And it has always been the temptation in a crisis especially to sacrifice Liberty for short-term promises of prosperity. And it was no mistake during that during the 1917 Bolshevik revolution the slogan was "Peace, land, and bread." Today you are being asked to choose between bread and freedom. I suggest that the people on Main Street have said they prefer their freedom, and I am with them. I yield back.
Michigan 12th District
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Republicans 66-132 yea/nay
Democrats 141-94 yea/nay
Short term pain for long term gain.
www.house.gov is down
#nobailouts
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The Republican Liberty Caucus is a political membership organization working within the Republican Party in support of individual rights, limited government, and free enterprise.
The RLC is urging all you to protest the Administration's Bailout proposal via your members of Congress.
The RLC press release against the bailout:
http://www.rlc.org/rlc-resources-links/toolbox/693pressrelease/
The main RLC web site:
http://www.RLC.org/
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Not since Reagan has anyone actively courted the Taft, Goldwater, Reagan first term conservatives. While McCain is probably choosing her because she is different than him in the pants it still makes for an interesting choice with regards to the Ron Paul, Bob Barr and Chuck Baldwin folks.
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