Update: Shea-Porter, Hodes vote a second time against bailout
By Brian Lawson, PolitickerNH.com ReporterFor the second time this week, U.S. Reps. Paul Hodes (D-Concord) and Carol Shea-Porter (D-Rochester) voted against the proposed bailout legislation.
This second bill overwhelmingly passed both chambers of Congress.
"It would have been better in my judgment if we could have passed a better bill," Hodes said on a conference call with reporters.
Hodes also criticized the various add-ons the Senate included in the bill.
"The Senate action was designed to rally support from the other side of the aisle."
Hodes added, "My job is to vote my conscience for New Hampshire voters."
As of this posting Shea-Porter has not released a statement on her vote.
Update: "We could have and should have written a better bill that would help the markets and Main Street. While I believe we must address our credit and liquidity crisis and our crisis of confidence, I could not support this legislation," Shea-Porter said in a statement. "I was disturbed that the first bill gave the Secretary of the Treasury – a political appointee – sole and unlimited authority over $700 billion in taxpayer money."
Also read:
-Shea-Porter Statement on Bailout Vote
-Congressman Paul Hodes Continues to Oppose Wall Street Bailout Plan
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Well, there it is
That would seem to wrap it up for both of them. So much for the Pelosi "clones" argument. It also makes Bradley's ad look pretty silly now.
Even a broken clock is right
Even a broken clock is right twice a day. They still vote with San Fran Nancy Pelosi more than 90% of the time.
The No Votes
Pelosi let the freshmen House democrats in vulnerable districts vote “no”. Check the record on those that did and their vulnerability for reelection.
If memory serves
In 2004, the SEC agreed unanimously to release the major investment houses from the net capital rule under fierce lobbying by Paulson and others. This effectively released brokerages from holding enough reserve capital, limiting their leverage and risk exposure.
Now we are letting Mr. Paulson clean up the mess he advocated creating.
Hodes and Shea-Porter see the sham. Send them back for another term, so they can continue fighting to protect NH and America from those that would play inside baseball with our tax dollars and our economy.
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