Kaptur, Latta help sink bailout bill

Tom Jackson
Mar 23, 2010

The bailout bill before the U.S. House failed 228-205 Monday afternoon, with the two lawmakers in our area, U.S. Rep. Marcy Kaptur, D-Toledo, and U.S. Rep. Bob Latta, R-Bowling Green, joining the majority in voting no.

Kaptur has issued a several page news release outlining her own reform ideas. It's not posted on her Web site yet, but a section of her site on the financial crisis is available here. (Congressional Web sites were loading slowly because heavy traffic overwhelmed the computers, so you may have to be patient.)

I can't find a detailed statement yet on Latta's Web site giving his views on the financial crisis, but he issued a statement after voting against the bailout:

"Thanks to the hard work of Leader John Boehner and House Republican leadership, this bill has been tremendously improved upon from were it began last week. This bill took an unnecessary, expedited track through the legislative process.  Because of this legislative fast track, there are still many unanswered questions and provisions within this bill that I cannot support.  I firmly believe that Congress must do all it can to protect the taxpayers of this country.  I look forward to continuing to work with my colleagues in a bipartisan effort to further improve this legislation.” 

More on this in Tuesday's newspaper.

Comments

Anonymous

If Bush is an idiot, then why are Pelosi, Frank and other Democrats going along with his 'bailout' plan?

If the Democrats wanted this bill passed, then why didn't more of them vote for it and get it done?

Anonymous

My thanks to Kaptur and Latta. I am glad we elected people with some sense.

Anonymous

So now what?

Anonymous

Historically, every U.S. panic or crash has been brought on by an excess of credit. This one is no different.

This is the financial markets way of saying that it's time to live within our means. The libs want to 'paper over' the mess once again.

Let's look at some market based solutions rather than the gutless simplistic liberal approach of throwing taxpayer dollars at any and every problem.

Guess that the public is more fiscally conservative than Barney Frank and friends thought that they were.

Anonymous

Why can't president of the board of erie county commissioners Tommy Ferrell, be more like Marcy Kapur and Bob Latta .

Anonymous

Marcy Kaptur didn't vote against the measure because it was a bad one. She voted against it because it wasn't bad ENOUGH. In other words, as socialist as it was, it didn't offer up enough taxpayer dollars to be distributed to individuals as far as she was concerned.

Meanwhile, conservatives voted against the nationalization of any part of the financial system (good call, though I doubt it was entirely for altruistic reasons).

Time printed an interesting story today condemning any bail-out at all, and Rep. Ron Paul wrote a terrific commentary published on CNN last week dismissing the notion that a bail-out is a good idea in any way.

Marcy indavertantly did the right thing. Now if only more politicians would do the right thing for the right REASONS...

Anonymous

It's unfortunate that the Repubs didn't find their 'stones' when they controlled Congress along with a Repub press who never found his veto pen when they got out of hand.

When Gingrich blinked on the Fed. Budget with Clinton that IMO was the watershed moment.

With Pres. Obama and a stronger Democrat Congress, the U.S. version of the Dictatorship of the Proletariat will dawn on America.

First FDR, then LBJ and coming soon, BHO.

Eventually it'll be like the old Soviet Union joke:

They pretend to pay us and we pretend to work.