REGION: Region's lawmakers maintain bailout opposition

'Pork' and other concerns lead to second round of 'no' votes

By MARK WALKER - Staff Writer | Friday, October 3, 2008 10:06 PM PDT

Three of four Republicans in the region's congressional delegation on Friday voted against the revised economic bailout plan, standing by votes they took earlier in the week.

The region's two Democrats split their votes on the new measure, which passed the U.S. House of Representatives 263-171.

GOP lawmakers said Friday the revised bill that came back from the Senate contained unnecessary "pork projects" and doesn't do enough to address the root cause of the fiscal woes crippling Wall Street and the banking system.

The region's only Democrat to support the plan maintained it was necessary to stabilize the financial markets.

Brian Bilbray

U.S. Rep. Brian Bilbray, R-Solana Beach, said the bill was "loaded up with egregious pork-barrel spending."

"It is absolutely mind-boggling that people in Washington who claim to care about stabilizing our financial markets believe the best way to do that is to load up an already bad proposal," he said.

Tax breaks put into the revised version made it worse than the original, he said.

"There is no way you can tell me that providing $148 million for wool fabric producers, $128 million for auto racing tracks or $192 million for Puerto Rican and Virgin Island rum producers is responsible action to address our economic crisis."

The bill has grown from $700 billion to nearly $812 billion with add-ons, but does little to address root causes of the financial crisis, Bilbray said.

House leaders came to him to ask what it would take to switch his vote, he said.

"I said just give me a bill that I can go back and justify to my constituents with a straight face," he said in a telephone interview. "This didn't do that."

Darrell Issa

U.S. Rep. Darrell Issa, R-Vista, a leading critic of the original measure, said the Senate version approved Wednesday was worse than the original. Its passage, he said, is a "tragic defeat for taxpayers."

"This is the bailout to nowhere," he said in a telephone interview. "This does not fix the underlying problems for loans and liquidity in the markets."

Federal regulators, the Bush administration and congressional leaders have failed the country, said Issa, whose district includes North County and portions of Southwest Riverside County.

"With a manufactured sense of urgency, they spread panic through the markets, shattered Americans' confidence in the banking system and ignored the American people."

He predicted Treasury Secretary Henry Paulson or his successor in the next administration would be back asking for a "larger blank check."

Hunter, Bono Mack, Filner and Davis

U.S. Rep. Duncan Hunter, R-El Cajon, whose district includes Ramona and Poway, maintained his earlier opposition to the package, and like Issa said more work lies ahead to repair the economy.

"We can start by addressing the devaluation of property across America, properly strengthening oversight and transparency and revising general accounting rules," Hunter said in a prepared statement.

U.S. Rep. Mary Bono Mack, R-Palm Springs, and whose district includes a portion of Southwest Riverside County, voted for the bill, as she did Monday.

"If something isn't done, we risk collapse of our financial system and a meltdown of our national ---- even global ---- economy," Mack said in a statement released by her office.

Mack said her office was deluged with messages opposing the plan. She said she ultimately decided to support it after making sure the measure had sufficient oversight and other taxpayer protections.

U.S. Rep. Susan Davis, D-San Diego, voted for both versions of the bill.

U.S. Rep Bob Filner, D-San Diego, voted against both versions.

Contact staff writer Mark Walker at (760) 740-3529 or mlwalker@nctimes.com.

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29 comment(s)[-]Go to Top

Come November wrote on Oct 3, 2008 3:02 PM:at least these three, who can do the will of the people will have a job come November.

Artsyrat wrote on Oct 3, 2008 3:40 PM:Thank you Hunter, Issa and Bilbray! My family appreciates your good decisions.

Across Amerika wrote on Oct 3, 2008 3:45 PM:People speaking of a revolt against Congress, I too am for a revolt, what is next Congress will decide the voters are to stupid to vote. The only problem will a revolt ALL stocks are going down!

Thank you wrote on Oct 3, 2008 3:46 PM:Billbray, Issa, Hunter and Filner. It is obvious you listen to those who elected you and NOT your parties marching orders. This is a burden on my kids and grandkids that shouldn't be. Bad companies fail and go away while good companies grow and prosper. This was wrong and will have a negative impact on generations to come. I was a Republican, now Independent because of the terrible decisions this President has made. People who make bad choices have to be accountable for them or they continue to make bad choices. Unfortunately these bail outs will continue as long as politicians can get earmarks and pork for buying votes!

Is there a reason wrote on Oct 3, 2008 4:24 PM:a single bill can't stand on its own, instead of Congress being able to throw the kitchen sink in?

Hi Comrades wrote on Oct 3, 2008 4:45 PM:Thanks to those who voted "no", including Mr.Filner. Because this bill passed, we are on the road to socialism. I am going to enjoy my only freedom right now and that is to have a vodka cocktail, you know that is the drink of choice in communistic and socialistic countries. So as California and the US goes bankrupt, I will look at life through blood shot eyes or is it rose colored glasses, whatever. Cheers. See you in the bread lines.

Rob wrote on Oct 3, 2008 6:20 PM:When are they going to nationalize my business? I have been working way to hard and I need a break.

Jim wrote on Oct 3, 2008 6:23 PM:Pissed off: I'm sure the government knows you are; quiet possibly the reason the gov has authorized the 3rd Infantry division to operate within the borders of the United States. We really wouldn't want the peasants to get any frosty ideas would we.

The tea party wrote on Oct 3, 2008 7:54 PM:couldn't be held in a better place then Boston....let's thank them for Barney Frank.

I hope.... wrote on Oct 3, 2008 9:59 PM:that any and all of these political hacks that voted for this rip-off suffers a quick, abrupt end to their political careers, too bad they will still collect all the tax-payer funded bennies for the rest of their days, maybe time to take a bigger step towards making sure these elected represenattives listen to what there constituents tell them...

Flip Side wrote on Oct 3, 2008 10:37 PM:We may never know what this bailout prevented. Had the bill failed and the economy collapsed, those 3 would be the first we'd vote out. I guess we're all economists and know better?

Flip Side wrote on Oct 4, 2008 12:08 AM:So would those who voted against the bailout be heroes had the bill failed and America fell into economic free fall? Everybody now thinks they're economists!

Roberto1 wrote on Oct 4, 2008 3:17 AM:Wow...this is enough to make me change my part affiliation. Letting the economy collapse on a blind principle is just plain stupid. I didn't like it either but sometimes in life decisions are based on he overall good for America. Averting an economic meltdown should be the option.

Frank wrote on Oct 4, 2008 6:44 AM:We have just witnessed the end of the last democratic/capitalist nation on Earth. With this vote, we have ushered in an era of complete government control. These clowns in D.C. got us into this mess, why would anyone think that they are capable of getting us out? But wait, we have McBama, will they be able to solve this problem? Keep dreaming, their little friends will get richer, while the America gets poorer. Our nation has been sold out to the highest bidder. These politicians who voted yes, are not better than a pimp on the corner. I would like to believe that voting would make a difference, but we are too late. It is the fourth quarter and the people are down by 6 touchdowns.

Grump wrote on Oct 4, 2008 6:46 AM:Fire those who want to give trillions of our tax money to big business because they made poor decisions. VOTE THEM OUT OF OFFICE!

Billy wrote on Oct 4, 2008 7:41 AM:There is enough greed to go around. There are some who did nothing crooked - crooked being taking from the citizens who have a legal mortgage and who pay their bill on time while working hard for the things they have. These honest people have had their company retirement plans and 401K saving stolen and then given to the citizens and non-citizens that could not meet their fiscal obligation from the get-go, and those that are taking and will be taking, without earning it, a great deal off the top as the money from the bailout passes across their desks. This includes many in congress.
Flemflam people like to say, "You can't cheat an honest person”. That is not so, because in this case the honest people in our country are being taken advantage of with the fiscally unsound mortgage deals and with the fiscally unsound bailout. The people that will make out best will be those at top who already have made millions off the deal. Now with the bailout we are to have the fox guarding the chicken coup, and the fox will get what he can from the buyout of fraudulent mortgages while he does a dim, hazy, oversight in congress. The fox is the same people in congress that did it to us in the first place, while there is a possibility they were getting their share in a trickle down process.
There is no argument for either side; there is a proper way to do a mortgage contract, and when the rules are not followed, and the mortgages goes into default, the honest man pays. Until now we have paid through higher interest rates, etc. Now we will also pay with increased taxes and a very high and bulging national debt. It is best everybody understands that the officials of the failed banks and businesses will not pay. They do not even say, "Sorry about that”, they just take their stolen money and run.
I am with Bilbray who voted No both times on the bailout.

Remember Me wrote on Oct 4, 2008 8:24 AM:All of this is making a lot of people sit up and take notice because it is about money. Is that what you remember? Do you remember me? I did the right thing and enlisted in the Marines and the Army and the Navy. It was my duty as an American because the President said there were WMDs and we were threatened. Bush said AlQiada was in Iraq and Cheney had proof. Do you remember me? I and 4000 more came home in body bags. Do you remember me? There were no weapons of mass destruction and it is learned that Cheney and Bush knew this. They outed a CIA agent that told them so. They lied and we come home in body bags. Your money or Do you remember me? Remember me when you vote...

WTF wrote on Oct 4, 2008 8:37 AM:I can't believe bono voted for it, she herself has been going to the foreclosure seminars in murrieta/palm springs etc.., I met her at one and she was so "for the people" at the podium " e-mail me your stories I use them in washington as fuel..she says" , after seeing the hundreds of families in those places you would think she would have enough sense not to vote for the bailout it sure doesn't help us.

Karl wrote on Oct 4, 2008 9:11 AM:Flip Side @ 12:08 AM:

You're kidding right? I know that I am no econmist but I can balance my budget. It's simple, x dollars in, only same dollars out. If I go to buy a new car and can only afford payments on a 20k vehicle, I don't buy a 40k truck and fill the bed with a motorcycle and the trailer hitch with a boat.

I may be no economist but I could handle passing a bailout without adding "$148 million for wool fabric producers, $128 million for auto racing tracks or $192 million for Puerto Rican and Virgin Island rum producers". And that's the short list.

Our lawmakers are crooks, plain and simple. So you would have these crooks make serious economic decisions over us concerned citizens?

OCEANSIDIAN wrote on Oct 4, 2008 10:48 AM:The bailout is necessary to prevent a total collapse of the stock market, similar to the one of 1929. What needs fixing is the lack of regulation that allowed this to happen; and it's happened before and we've bailed out before. This is not new. Everybody that knows anything about economics agrees with that view. Paulson has had extensive executive experience on Wall Street and he has an MBA from Harvard. Bernanke is a professor of economics at Yale. I value their judgment far more than folks who wouldn't know a derivative from a hedge fund and who think liquidity has something to do with rain drops. You have a 401k or a retirement you're counting on? Without this measure, you might face retirement with 10% of what you thought you'd get.

political whores wrote on Oct 4, 2008 11:36 AM:every congress member that voted yes including john mccain the so called maverick whatta joke

JSten wrote on Oct 4, 2008 1:24 PM:Theres an AP Story:

"For bailout to work, housing market needs to mend"

The assertion by some of the "Experts" is that housing prices need to stop falling.

I am sorry, if this is the reason for the bailout, then I expect to be able to say no-way. I have about $500 in the bank so it shouldn't be too much of a problem to cut the feds off. They will probably be paying me pretty soon.

There seems to be a certain denial by the recipients of this welfare that everything was all right before this disaster. It was like an earthquake, or a tsunami or a comet-totally out of everyone's control. All we need is more cash and everything will be all right.

This shows that the recipients of the corporate welfare just don't get it. Houses are priced way out of range for the $100K per year wage slaves like me. Every time I turn around someone is dipping into my pocket. So the oil companies, the government spending, the social services system, all of those nearsighted handout cases that have gotten so used to expecting people like me to help them out.

Guess what-ITS OVER.

There is little or nothing left. You will have to make do with what you can. I have no more to give.

Oh and by the way, those of you congressmen that dared to stand up and speak out against this new level of welfare. Thank you for the effort and the thought. There was just no way it could be enough. This is just the first rumblings of an even bigger and more serious meltdown.

To JSten wrote on Oct 4, 2008 2:04 PM:Well said!!!

Tax Payer wrote on Oct 4, 2008 3:09 PM:Incredible,

1st time in 20 years. Filner finally got some common sense. Filner must have seen the writing on the wall. Welcome to the Right Mr. Filner. We all knoew you were a closet Right-Winger,(Now we all know that Mexico doesn't care about Wall Street, due to drug proceeds).

You political scum wrote on Oct 4, 2008 4:10 PM:I just cannot believe that PORK was added onto this. Can't all elected persons for once just do what is right and focus on one issue and put their greed aside? I was against this bill, and now it is made even worse.

Joe in Carlsbad wrote on Oct 4, 2008 4:39 PM:WE THE PEOPLE (HAVE BEEN HAD)

We, the American people have just become the unwitting victims of the single, largest scam ever perpetrated against a nation, any nation. Our politicians may very well have signed our progeny into indentured servitude 143 years the 13th Amendment banned slavery in the U. S. The ¾ of a trillion dollar bailout is doubtlessly the largest single financial crime yet perpetrated against the American people or any other people for that matter.

Let us forget the lessons of history. Let us forget that after the market crashed in 1929 a bailout was attempted, (using private not public money) and that it failed miserably. Let’s forget that when Bush 1 was in the White House we had the “Savings and Loan – Junk Bond” grand larceny against the American people. We were told that it was imperative that we (tax payers) come to the rescue to save our economy. Remember?

Forget partisan politics, Democrats, Republicans, Independents, they have all conspired to spend money we don’t have to pay off a debt we don’t owe. They would have us believe that they wanted “oversight”. “Oversight” is an interesting choice of words. I suppose we’re all supposed to look the other way as we are robbed blind by those we’ve elected. The men who are the CEO’s of these companies remain in place; their salaries apparently need to remain steadfast as well and are now going to be underwritten by you and me.

Because the federal government is now going to be paying the exorbitant salaries of these thieving CEO’s will they now qualify for civil service medical benefits and retirement?

When a football team has a losing season more often than not they fire the coach. So why are the Exec’s of these now defunct pillars of finance still in place? Is not the onus of what has supposedly happened upon them? Why is nobody talking about prosecuting these people? Does no one suspect corruption, conspiracy, grand larceny, and malfeasance in this situation? I guess you and I must be responsible because we’re going to be paying for it.

Twenty years ago under Bush1, a few of the S & L executives were sent to the country club jails for brief periods of time, restitution was made by the American public and the criminals laughed all the way to their off shore accounts.

Fast forward 20 years and here we go again only on a much grander scale. I didn’t vote for “W” either time he ran for president. My perspective of him was, and is not good. But to use one of his favorite expressions, “I truly misunderestimated him”! This con makes his daddy’s S. & L. caper look like the Amateur Hour.

This is a “Sting” of epic proportions that the historians will write about for centuries if we don’t kill ourselves off in the interim.

MAY GOD HELP US ALL!

Temecula Dude wrote on Oct 4, 2008 8:33 PM:This was a sham. The government screwed this up, then expects us the taax payers to sign off on it. Fannie Mae and Freddie Mac were government run programs. Barnie Frank is an Adam Henry. He benefitted form this and we got to pay for it. The government is a joke. Bush became a socialist and thank God for the three local representatives who voted agaisnt this scam.

Doris wrote on Oct 5, 2008 11:41 AM:I agree with our with our local law makers. Where is the bailout for small businesses and middle class tax payers? I know who I am not voting for!
I am at a point, where I believe only a revolt by the taxpaying public will stop this government of ours to increase spending, increasing their benefits etc, etc. I don't even think that the average politician in this country has any clue what real life in this country is about anymore!

to Frank wrote on Oct 6, 2008 1:18 PM:There are a very many democratic countries in the world that embrace capitalism and are doing very well.

Get yourself a passport and take a look, you obviously lead a very sheltered life.

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