Thaddeus McCotter (R-MI) Calls for Firing of Treasury Secretary Henry Paulson
"One of the first things the president can do is help to soothe the economic anxiety he has helped unleash, and fire [Treasury Secretary Henry M.] Paulson,” said Rep. Thaddeus McCotter, Michigan Republican, who said the bipartisan rejection reflected what voters have been telling Congress.
Letter from Rep McCotter to FedUp founder Steph Jasky
Dems Against Bailout: Chairman "Skeptics Caucus" Brad Sherman
Congressman Flake Opposes Bailout
Bailout Will Only Prolong CrisisWashington, D.C.,Sep 28 - Republican Congressman Jeff Flake, who represents Arizona’s Sixth District, today issued the following statement regarding the bailout agreement:
“After having a chance to review the details of the bailout agreement, I will not be supporting the legislation,” said Flake. “Despite efforts by the House Republican Leadership to add some needed sanity to the proposal, this bailout still exposes taxpayers to hundreds of billions of dollars of liability.”
“We find ourselves in this predicament largely because implicit, and eventually explicit, federal guarantees in Fannie Mae and Freddie Mac shielded the financial services sector from market discipline. The way out of this mess is not to insert government deeper into the free market.”
“We don’t have enough money in the federal treasury, nor can we responsibly borrow enough money to keep the market from finding its eventual bottom. Trying to do so will simply prolong the crisis.”
“We do face a looming economic crisis, but there are other actions Congress can take to calm the markets and increase liquidity without exposing taxpayers to so much liability. Such actions were outlined in an alternative proposal offered by Rep. Ryan and Rep. Cantor. We should act on this proposal immediately.”
Rep. Paul Broun: I'm not going to eat that cow patty
Thaddeus McCotter rejects $700 Billion bag of dung!
Dennis Kucinich (D-Ohio) Mentions Roubini @ 1:42 in this video
Democrat Patriots Against the Bailout, Includes Carolyn Cheeks-Kilpatrick (D-MI)
Jim DeMint: Crossing a Constitutional Line
Rep. Thaddeus McCotter
Rep. Thaddeus McCotter (R-Mich) - Alternatives to Bailout!
Jim Bunning - "Un-American Financial Socialism"
Rep. Peter Defazio: We shouldn't be rushed into this!
Marcy Kapture - "Let's Play Wall Street"
Shelby - Dodd hearing comments
As you’re probably aware, Washington is abuzz these days over ongoing negotiations surrounding an economic package to stabilize the financial and lending markets. President Bush and Treasury Secretary Henry Paulson have proposed that the Congress provide upwards of $700 billion to allow the government to take over many of the mortgages currently held by Wall Street investment banks.
While negotiations over any package are ongoing, I want to let you know that I will not support any proposal that bails out wealthy bankers, and ignores the struggles of the millions of working families currently facing bankruptcy and foreclosure. In addition, I will not support any proposal that does not provide responsible oversight over how taxpayer dollars are spent, or that does not benefit taxpayers above Wall Street investors. Most importantly, I’ll only support a plan that forces Wall Street to pay for their mess.