Bail-Out Bill Fails House Vote

In a 228 to 205 vote, the U.S. House of Representatives defeated a $700 billion emergency rescue package, ignoring urgent pleas from President Bush and bipartisan congressional leaders to quickly bail out the staggering financial industry.

Dean Heller’s Statement on the Financial Bailout Plan

“Today U.S. Congressman Dean Heller (R-NV) made the following statement on the Emergency Economic Stabilization Act of 2008 (H.R. 3997)” …  [after he voted ‘nay’.]

“I cannot with good conscience put Nevada’s taxpayers on the hook for the foolish excesses of Wall Street.  This legislation will not help Nevada’s middle class families, small businesses, or economy.  Congress should pass legislation that protects the taxpayer, assists with bad assets, and allows the market to correct itself,” said Heller.”

Well Mr. Heller, for what would your ‘good conscience’ allow you to vote for?  I don’t see you proposing anything worthwhile that would remediate the situation this President and Congress has gotten this nation into.  Voting ‘yea’ or ‘nay’ on this or that and then blaming the other guy for our nation’s woes just doesn’t get it.  You have to actually do something to begin to fix the problems this nation now finds itself in.  Maybe it’s time you step aside and let someone take that seat who’s willing to get involved and work to find solutions.

Jill Derby’s Statement on Congressional Bailout Vote

“Today, Congress failed to find a solution to the most critical economic threat of our time.  As the American people counted on lawmakers of both parties to help bring an end to the threat of continued economic distress, Washington instead fell into the kind of finger-pointing and passing-of-the-buck that has become all too common.  

Dean Heller–a member of the Financial Services Committee–failed completely to show the kind of leadership that Nevadans demand from their representatives.  At the end of the day, struggling Nevadan families will not remember whether our representatives voted “Yea” or “Nea”, but only whether we arrived at Solution or Failure.  As Nevada continues to suffer bank closures, rising prices, and the highest home foreclosure rate in the nation, Dean Heller has resigned himself to the culture of failure.

It is time for Congress to stop playing politics and find a solution to this crisis, one that puts Main Street before Wall Street.”

Related links about Bail-Out Bills: