Why Inslee Voted Against the Bailout
The House shot down the bill, 228-205.
According to a press releases from the office of U.S. Rep. Jay Inslee:
“The initial plan by Secretary Paulson was completely unacceptable, but the revised package was not much better,” said Inslee. “For all the talk of protecting the taxpayer, there were only limited promises that the taxpayers’ $700 billion investment would be paid back and there were no provisions to help struggling homeowners.”“If we authorize $700 billion in a bailout for Wall Street, we must ensure – and not just hope – that all the money gets paid back to the American taxpayer. The plan we were presented with did not do that. Also, I saw no real provisions in the revised plan to help stem the real cause of the crisis, which is the collapse in our housing markets. We needed a pro-growth bill to stimulate the economy, and that was not what we got.”
“But now is the time for Congress to come together again and vote on a real, comprehensive plan that will solve the crisis while still protecting the taxpayers and restarting our economic growth. I am prepared to stay here and in session as long as it takes, and I know many of my colleagues in Congress feel the same.”
“The American people deserve better. I could not, with good conscience, vote for the bill presented to me.”
2 comment(s)
Tahoma Activist says:
Inslee is my new favorite Washington Democrat! According to Dicks (D-WA) there was a "gentleman's agreement" to have Democrats put up 140 and Repugs put up 100, but either way I'm glad Inslee was on the side of the people on this one.
Check out my post on Washblog.com about this for more information.
Posted On: Monday, Sep. 29 2008 @ 3:04PM
Tahoma Activist says:
Inslee is my new favorite Washington Democrat! According to Dicks (D-WA) there was a "gentleman's agreement" to have Democrats put up 140 and Repugs put up 100, but either way I'm glad Inslee was on the side of the people on this one.
Check out my post on Washblog.com about this for more information.
Posted On: Monday, Sep. 29 2008 @ 3:05PM