Minnesota Delegation on the Bailout

by Zack Stephenson | 20 Comments

Voting Aye -

Ellison
Kline
McCollum
 Oberstar

Voting Nay -

Bachmann
Peterson
Ramstad
 Walz

Am I the only one here surprised that Kline voted for it and Ramstad voted against it?

September 29, 2008, 2:00 pm | Category: General |

20 Responses to “Minnesota Delegation on the Bailout”

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  • TwoPuttTommy
    September 29, 2008 at 2:13 pm

    I’m surprised, too.

    But I’m glad it failed.

  • Dave Porter
    September 29, 2008 at 8:40 pm

    And why on earth is Keith Ellison voting FOR this tragedy?
    Oh yeah - I forgot. He’s never had to meet a payroll either.

    We already owe an amount equal to our nation’s net worth. Sinking
    deeper into debt doesn’t make much sense if you’re trying to
    figure out how to keep the place running. And people do tend
    to ignore the part of the Constitution that says our nation
    has to pay its debts.

    First rule of being in a hole: stop digging.

  • Really?
    September 29, 2008 at 9:13 pm

    Will you look at that - Dems voting on the side of BIG BANKS and CEOs. Will wonders never cease?

    Howver, i am proud of the 90 or som Dems that voted Nay. Again, will wonders never cease? Although they probably voted nay becuase not enough taxpayer money was being spent or given to ACORN.

  • DantheMan
    September 29, 2008 at 10:44 pm

    LOL, Really.

    As I’ve indicated on other threads, I’m glad that there is just randomness in who voted what. That tells me that people were voting based on constituent input rather than caucus input. The way it should be.

  • Alec
    September 29, 2008 at 11:30 pm

    Wonders never cease. I am glad it didn’t make it. As Obama says, the bailout should come from the bottom up. No more top down supply side BS. It’s the workers who drive the economy, not the bankers.

  • TwoPuttTommy
    September 30, 2008 at 7:46 am

    DtM - agreed.

  • Kerosene Hat
    September 30, 2008 at 9:24 am

    That it failed is good. It might not seem like it over the next couple of weeks of months but it would be best in the long term. The truth is that there are a lot of people from every walk of life that benefited from the bubble that is now bursting. People who got loans for houses with practically no down payment they couldn’t afford (and a lot of other things like cars and televisions since credit was so easy to get) the mortgage brokers who sold them the loan, the banks that packaged and sold the securities, their employees and especially their management. Above them all though are the politicians that created the failed economic and monetary scheme that is crumbling.

    The men and women from both parties that always put the next election ahead of sound policies. The ones who created by federal mandate Fannie May and Freddie Mac as the standard bearer for mortgages and then made HUD their overseer. An agency who’s goal, as admirable as it might be, of increasing home ownership that not only allowed but encouraged the types of high risk loans that everybody is now trying to get out from under. The politicians that to save their own election have over the last couple of decades have ignored the problems that artificially low interest rates cause and taken credit for the corresponding bubble as real growth. In part by purposefully misreporting inflation as much lower than it actually has been. The same people that have been ignoring the looming crisis with so called “entitlements”. The “we can grow ourselves out of it” problem that should be obvious at this point that out of which we can not grow ourselves.

    The ones from both parties that took huge amounts of money from companies like Fannie and Freddie, took high paying board positions at companies that benefited and got their “friends” high paying positions at agencies and companies that depended on federal largess and approval for an advantage in the marketplace. This is what happens when private and public merge. When government becomes involved in doing business and creating companies and markets rather than simply policing fraud and ensuring we all have sound money to do business with.

    Meanwhile they talk about issues like prayer in schools, terrorism, ethanol, abortion and a endless list of tit-for-tat headlines on gaffes, flag pins, number of cars owned, and on and on and on. Anything to keep people from realizing that none of them know what the hell they are doing. Not because they aren’t intelligent people but because nobody, no matter how smart or well educated can hope to understand a system as complicated as the global economy enough to manage it from a central point.

    The silver lining to this situation might be that those who have supported either party might finally see that neither king as any clothes. Maybe this trauma will finally get people attention. More likely, unfortunately, a bailout will be passed and the slow bleed will be extended and left for the next generation to sort out at a much higher cost. I don’t see how anybody born after 1980 will ever forgive their parents and grandparents for putting them in this mess. We went from what was known as the “Greatest Generation” (a silly, inaccurate and sentimental title in my opinion) to what might rightfully become known as the “Epic Fail” generation.

  • Really?
    September 30, 2008 at 11:19 am

    Most polls I have seen have put the public input as a 50/50 split.

    I wonder if the 50% who are for the big government bailout are the same 50% who pay just 3% of the income tax?

  • Really?
    September 30, 2008 at 11:21 am

    Kersonse Hat,

    Great post.

  • Chris
    September 30, 2008 at 12:06 pm

    I thought Democrats were for Main Street and Republicans were for Wall Street. Isn’t it ironic that the Democrats led the charge to spend hundreds of billions of dollars to bail out rich bankers. Or could it be because the rich bankers, like Franklin Raines and Jim Johnson that got us into this mess are all liberal Democrats?

  • TwoPuttTommy
    September 30, 2008 at 12:11 pm

    I thought…”

    ROFLMAO!!!

    Yeah, “right”….

  • Chris
    September 30, 2008 at 12:21 pm

    Watchit, Two Putt, or your comment will get zapped again. Why did all of the liberal Democrats vote to bail out Wall Street???

  • MRW
    September 30, 2008 at 12:27 pm

    Just my casual observation here, but to decidedly non-scientific polling I took (i.e. talking to my friends and such) noted a high level of misgiving based on the lack of specifics on how the bill would affect them. Would it help them stave off pending foreclosures. Would it help shore up their bank which took a hit in the sub-prime mess. Would it allow the “greedy CEOs” to walk away without any culpability.

    In other words, so much of what congress was voting on seems shrouded in mist. We need to remember that not everyone watches cable shout-fests and reads blogs like many of us do. This thing needed more time for people to understand just what the hell was in the package.

  • lojasmo
    September 30, 2008 at 12:42 pm

    Chris-

    The democratic caucus worked hard to rectify the most disasterous aspects of Bush’s proposal. Unfortunately, they didn’t have enough time to work in order to stop it from being, as Boehner called it, a “shit sandwich”

  • TwoPuttTommy
    September 30, 2008 at 12:46 pm

    “Why did all of the liberal Democrats vote to bail out Wall Street???”

    Apparently, Chris, bein’ spanked on your stupid “there were no oil spills” blather didn’t learn ya to stop sayin’ stupid things.

    To quote your hero: “well, there ya go again…”

  • Chris
    September 30, 2008 at 12:51 pm

    lojasmo,

    They made the shit sandwich. They loaded up the bill with goodies for Acorn and a whole host of liberal groups.

    Tommy,

    There have been major hurricanes go through the oil fields of the Gulf of Mexico and there have not been the kind of catastrophic oil spills liberal environmental groups say will occur. You have an uncanny nack of not telling the truth.

  • TwoPuttTommy
    September 30, 2008 at 1:05 pm

    “You have an uncanny nack of not telling the truth.
     ”

    Go with that, Chris. It works in your world.

  • Nitro
    September 30, 2008 at 1:47 pm

    Chris, you are a crap sandwich that you insist is delicious.

    You, and people like you, ARE what is wrong with the state of politics in our country.

    Your constant never-ending finger pointing does not make you a candidate for reaching out across the aisle and getting things done.

    AND

    Your party is full to the brim with people exactly like you. Gullible, frothing at the mouth, and willing to spin every and all issues to try to gain some fake political advantage.

    Truly, you represent those who think the only issue that matters is winning elections. Grow up, pally.

  • Chris
    September 30, 2008 at 4:27 pm

    I’m going to ask Sean Broom to delete your comment. You’re not doing anything but calling names and pointing the finger. Funny thing is that you’re promoting everything you accuse me of.

  • DantheMan
    September 30, 2008 at 5:11 pm

    To defend Chris, the Acorn langauage had no place in this bill. This is designed to address a crisis at hand, and then they try to insert stuff like that into it.

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