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Burr, Dole and Graham Vote to Bail Out Irresponsible Home Owners

Three Senators, belonging to the “party of personal responsibility”, the “party of small government”, and the “party of individual accountability” voted to throw away $300 billion of your tax dollars. Lindsey Graham, Elizabeth Dole, and Richard Burr apparently think that it’s their job to hand your money over to irresponsible home owners, real estate speculators, and big companies like Countrywide Mortgage because they got in over their head. Wasn’t that nice of them?

Stop paying your mortgage. You don’t have to. If you default the nannies in Washington will bail you out. That’s the message that was sent by every Democrat present for this vote in the Senate and all but nine Republicans who were present in the Senate. Jim DeMint was the only one of our Senators who voted against this feckless piece of legislation.

Dole is up for reelection in November, which I am sure plaid a role in her decision. Now she can run around the state, when she actually comes here, and shamelessly pander to all the voters. Look! I voted to take other people’s money and give it to you so you can pay for that house you bought that you couldn’t afford in the first place! Vote for me in November!

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McHenry cautious on bailout; Johnson criticizes record on deregulation
Morganton, N.C. - While the Bush administration and congressional leaders on Capitol Hill sweat out the details of a $700-billion rescue package for failing financial institutions, the debate over the bailout is heating up in North Carolina's 10th District.
U.S. Rep. Patrick McHenry of Cherryville sits on the House Financial Services Committee that on Wednesday will listen to and question Secretary of the Treasury Henry Paulson and Federal Reserve Chairman Ben Bernanke.
"I hope to hear in much greater detail the specifics of their proposal," McHenry told television news reporters, "and I look forward to the opportunity to question them on my concerns."
Many congressmen on both sides of the aisle, including presidential candidate Sen. John McCain, want close congressional oversight of any bailout proposal.
"Ultimately," McHenry said, "my responsibility is to the American taxpayer, who will be the underwriter of this dramatic proposal."
But his opponent, Democrat Daniel Johnson of Hickory, faulted McHenry for already siding with the financial institutions against the interests of home owners and families.
"Time and time again, McHenry, who has accepted campaign contributions from subprime mortgage lenders like Countrywide, has taken the side of big Wall Street banks over the families of Western North Carolina," Johnson told political blogger Howie Klein on The Huffington Post. "(He) not only didn't lift a finger to take action before problems in the mortgage industry rose to crisis level, for years he advocated for subprime lenders ... and argued against 'burdensome regulations' on such lenders."
Johnson pointed out McHenry voted against "a comprehensive, bipartisan response to the current mortgage crisis that would have empowered more families to stay in their homes and prevent further disclosures (American Housing Rescue and Foreclosure Prevention Act, HR 3221). McHenry and 13 other House Financial Services committee members also urged President Bush to veto the bill designed to strengthen regulation of Freddie Mac, Fannie Mae and the Federal Home Loan Banks.
"One of the reasons that I am running for Congress is because the economic trends of the past 10 to 15 years — from unfair trade deals to the rising cost of food and fuel to the increasing unavailability of healthcare — has stacked up against the working families of Western North Carolina," Johnson told Klein. "The implosion of big banks like this will make it even more difficult for the people of our district to get the funding to expand their small businesses or buy their first homes.
"The financial meltdown ... shows the great damage done by politicians like Congressman McHenry who abdicated their responsibility to crackdown on abuses in the housing market. While the subprime crisis was caused by the actions of irresponsible lenders and irresponsible borrowers, failure to act to stabilize the housing market affects all homeowners and drags down the entire economy."
President Bush wants Congress to vote quickly on the bailout and to give the Treasury complete control.
Most analysts say that's not likely. Some members of Congress want oversight, some want more help for homeowners in addition to investors and some, particularly free-market conservatives, aren't sure whether they can endorse the administration's plans.
In a statement Monday, U.S. Rep. Virginia Foxx, R-N.C., who frequently votes with McHenry on conservative issues, said she had not yet decided whether to support the latest bailout. She expressed concern that the preliminary proposal "looks like a blank check with no accountability. Taxpayers deserve better."
Rep. Brad Miller, D-N.C., another of the four North Carolina lawmakers on the House Financial Services Committee, said, "I'm not willing to vote for $700 billion to save an industry that comes out just as crooked on the other end. I want real reforms."
Rep. Walter Jones, R-N.C., the third North Carolinian on the financial services committee, said there was a chance the administration could persuade him to support the package, but he thought it unlikely.
"I just don't like the idea of these corporations, who made all these mistakes, all of a sudden saying, 'Okay, Mr. Taxpayer, it's time for you to bail us out,'" Jones said.
Rep. Mel Watt, D-N.C., a fourth member of the financial services committee, said any bailout needs to include protections for some individual homeowners, not only large investors harmed by the subprime mortgage crisis.
Watt said that in meetings with constituents in North Carolina last weekend, "Lots of people were asking 'Will there be something in this package for people who are trying to pay off their mortgages but having trouble, and not just people on Wall Street?'"
Sen. Elizabeth Dole, R-N.C., who serves on the Senate Banking committee, which scheduled a hearing on the bailout, said she remains "skeptical."
"I don't think those advocating for the rescue have fully made their case," she said. "I have very serious concerns that this proposal could leave taxpayers holding the bag."

Meida General News Service and The Associated Press also contributed to this report.



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Shrugs

Believe me or not..your choice....We all know how government hides..lies..sneaks in dark shadows...makes sure we are paying attention to one thing while their behind our backs doing the real damage.
Bills their not allowed to read...meetings at late hours after most have gone to pass laws for Bush..Shadow Governments...

Yeah..I guess those who dont believe our government would jerk us around..destroy our Constitution...force us all into the poor house could ever believe they would hold 2 votes..the 2nd being secret and the so called true vote......

They would NEVER go that far.......would they?

Get The Point

Freedom is another way to God...A corrupt government is a straight way to hell.

I believe in Hope & Change..I Hope the government will Change
Spindale-Rutherford County-North Carolina

Article negating what you are stating here:

"I am very skeptical of this proposal and extremely frustrated that we find ourselves in this position," said Republican Sen. Elizabeth Dole of North Carolina. She also said the failure of mortgage giants Fannie Mae and Freddie Mac, which required their own rescue plan earlier this month, was a major culprit for the economic meltdown.

"It is infuriating," Dole said of the situation.

From : http://abcnews.go.com/Politics/PersonalFinance/Story?id=5865...

I really don't get why you started this false thread:(

egapele's picture

Ditto...

I have been looking forward to writing a great opinion piece in our local paper about Dole's position on the bailout - she has been putting out TV commercials the last day or so speaking out against it. Not sure about the other two, though.

Stop blaming "irresponsible homeowners" - this is the FED

Are you drinking the media koolaid now? Do you really believe is is the homeowners causing all this problem? Look into CAFR. And stop blaming the people who are easiest to pick on, even Dr. Paul knows it is not really homeowners defaulting that got us into this mess. It is fiat money created by the FED, that is the problem.

Truth exists, and it deserves to be cherished.

Sure the FED and CONGRESS

Sure the FED and CONGRESS laid the groundwork for this crisis. But you have to then follow the dots. This ordeal is much more like a relay race than anything else. One runner hands the baton off to another and so on.

1. The FED and Congress were the enablers through bad policy.

2. The investment banks and Wall St. seized upon the opportunity to rig the market with bad loan instruments that made extreme amounts of money.

3. Some aware and not so unaware (flippers) bought the LIAR LOANS.

It's not an easy morass to wade through. Granted as you stated and as RP has stated many many times, the FED is the root cause of the problem due to fiat money policy. But make no mistake the ultimate responsibility lies with Congress (you and I and the public) to make changes to the system.

Puppets come and puppets go but the world's stage is getting cluttered.

Double Checked

I went to Google and typed in NC votes on the bailout and found tons of stuff about how they voted.
Then I called Washington..the Switchboard..and spoke to someone who confirmed Dole-Burr-Graham ALL voted and are ALL doing their best to get the southern votes for the bailout.
Next I sent them all emails stating they where FIRED and to pack their bags and get out of town, because WE THE PEOPLE would NOT stand for this.
I also told them if they want this bailout so damn bad, they need to pay for it.
If anyone can get to their offices...local and state capitol...or DC offices..grab your video camera..walk in..and ask the staff...how dare she/he sell us out.

Freedom is another way to God...A corrupt government is a straight way to hell.

I believe in Hope & Change..I Hope the government will Change
Spindale-Rutherford County-North Carolina

I don't believe you

There hasn't even been a 'vote' yet. They are still hashing out the details. I heard Dole on a radio program a couple days ago and she was very concerned about the bailout. YOUR article even states that!!! Now you say you called a switchboard to confirm that all three of them VOTED for this?!!!

This sounds like hogwash.

I cant find it anywhere stated that Dole or burr voted for this BushLeague Bailout

In Christ,
Dave

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Grace be to you, and peace, from God our Father, and from the Lord Jesus Christ.

In The LORD Jesus Christ;
Dave

"where the Spirit of the LORD is, there is liberty." 2 Cor. 3:17

http://www.lionandlambministry.com

What?!!

I am in NC also and called my representatives and senators. When I called senator Dole's line, it was busy all day. When I finally did get through, I asked the girl who answered if they had been getting a lot of calls about the bailout. She said they had been swamped all day, and I asked her if the calls had been for or against the bailout. She said the calls against the bailout were SIGNIFICANTLY higher than those for it. She was adamant about that, and I thought, "Good!! Surely Senator Dole would vote against this bill if her constituants are so against it." Wow, I hoped that our leaders would listen to the people. I guess there are lots of backroom deals going on right now. This whole thing really makes me sick. I feel like this is the final nail in the coffin for this great country. I can only say that I have done all I can to educate myself and others, and to do my part in contacting my representatives. I can only hope this is not true- I thought that this bill has not been finalized or voted on yet. If anyone can verify the above article, I would be interested to know...

Faith and courage everyone. Divine intervention is needed to reverse what has been orchestrated against freedom and liberty

"It behooves every man who values liberty of conscience for himself, to resist invasions of it in the case of others: or their case may, by change of circumstances, become his own."
Thomas Jefferson

HR 2755

With all the Current EconoBabble from both “Conservative” McCain & Obama, and all the BUSHIT from “W”, it is refreshing to see that a REAL PATRIOT has the ONLY solution:

To ABOLISH THE SOURCE OF ALL THE DEBT - the privately owned “Federal” Reserve Bank!

I interviewed Congressman Ron Paul this morning about HR 2755 - The Federal Reserve Board Abolition Act - which will be rebroadcast this weekend.

To listen to the fastest growing program on the Genesis Communications Network, go to
http://www.hearitonline.com and click on the link to the Crash!

George W. Berry

HR 2755

With all the Current EconoBabble from both “Conservative” McCain & Obama, and all the BUSHIT from “W”, it is refreshing to see that a REAL PATRIOT has the ONLY solution:

To ABOLISH THE SOURCE OF ALL THE DEBT - the privately owned “Federal” Reserve Bank!

I interviewed Congressman Ron Paul this morning about HR 2755 - The Federal Reserve Board Abolition Act - which will be rebroadcast this weekend.

To listen to the fastest growing program on the Genesis Communications Network, go to
http://www.hearitonline.com and click on the link to the Crash!

George W. Berry

The "Republican" Party

The "Republican" Party has dispensed with any pretense of a true ideology of republicanism. Now, the Grand Old Party apostates and NeoCon High Priests sell National Socialism as their tarnished brand of "republicanism" and "conservatism".

----
Support H.R. 6594 to give 9/11 First Responders (heroes) the help that they need and deserve. Watch "Dust to Dust" and "Dust to Deceit" to learn about the ongoing 9/11 Holocaust.

----

"...a nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people." -John F. Kennedy

ONCE AGAIN.... its the

ONCE AGAIN.... its the federal reserve.. that is where the venom should be sent!

I am more concerned about the return of my money than the return on my money. --Mark Twain

quote from THIS article

from Senator Dole:

Sen. Elizabeth Dole, R-N.C., who serves on the Senate Banking committee, which scheduled a hearing on the bailout, said she remains "skeptical."
"I don't think those advocating for the rescue have fully made their case," she said. "I have very serious concerns that this proposal could leave taxpayers holding the bag."

Please, you need to remove this thread!

Dole and Richard Burr

I live in NC and I will not vote for Dole after she voted to give our money to these crooks, I am so upset about all this "bailout" and have been watching to see how they voted. How can they just ignore what the citizens have asked them to do? She does not deserve her pay check and will work hard to see that she does not get re-elected.

where does is state

that she voted for the bailout???

The article doesn't state anywhere...

that Dole, Burr and Graham are in support of this bill. Am I missing something???

Get GrahamNESTY OUT!!

And Support and fund Bob Conley for U.S. Senate against Lindsey Graham!

goto http://www.BobConleyforSenate.com and throw him $5 or $10!!