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Total Buzz ~ The insiders' hotline to Orange County government and politics

Rohrabacher still opposes bailout plan

September 28th, 2008, 5:02 pm · 4 Comments · posted by Dena Bunis, Washington Bureau Chief

Rep. Dana Rohrabacher

Rep. Dana Rohrabacher

Rep. Dana Rohrabacher is still no fan of this bailout plan and while he’s going to study the 110 pages with his staff tonight it’s not looking like he’s going to vote yes tomorrow.

“Everything in my instincts tell me I should not to along with this type of hysteria-based policy making that usually ends up enriching some very powerful special interests,’’ said Rohrabacher.

I asked the Huntington Beach Republican what’s he’s hearing from back home. “My constituents have given me two messages – no and hell no,’’ Rohrabacher said.

Rohrabacher said beyond the fact that he doesn’t like this idea of using hundreds of billions of dollars to bail out Wall Street, he doesn’t like the fact that this measure is being rushed through so quickly and that there are no systemic reforms included in this package.

“Emergency measures without policy reform to correct what brought you to the emergency in the first place makes no sense,’’ he said.

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4 Comments

4 Comments

  • sean says:

    I have to agree with Dana Rohrabacher, anybody have John Cambell’s
    e-mail address so I can try to convice him to vote against it?
    I’m in 92660 (zip) so I think he may be my representative.
    This bailout just DOESN’T SIT RIGHT WITH ME! I think more more pain is still needed on Wall St to make the pain sink in so this doesn’t happen again. And the interest on 700 billion is just going to punish our children & thier children in the future

  • AndyKinLA says:

    Monday, September 29, 2008

    Congresswoman Marcy Kaptur boldly slammed the bailout bill this past weekend as the work of criminal insiders who have shut down the normal legislative process to commit “high financial crimes” and defraud the American people, while Rep. Michael Burgess warns that “martial law” has been declared.

    The two Congress members are part of a growing minority of representatives sounding the alarm about the dictatorial nature of the bailout bill, which is expected to be up for a vote in the House today, with most in Congress having not had the opportunity to even read the legislation.

    The bill is expected to reach the Senate on Wednesday as a raft of outraged politicians cry foul about being strong-armed and accused of being unpatriotic for opposing the carte-blanche passage of a piece of legislation that [2] fundamentally centralizes control of the financial infrastructure of the country into the hands of the government and the Federal Reserve.

    “We are Constitutionally sworn to protect and defend this Republic against all enemies foreign and domestic. And my friends there are enemies,” Kaptur told the House floor.

    “The people pushing this deal are the very ones who are responsible for the implosion on Wall Street. They were fraudulent then and they are fraudulent now.”

    “My message to the American people don’t let Congress seal this deal. High financial crimes have been committed,” added the Democrat from Ohio.

    “The normal legislative process has been shelved. Only a few insiders are doing the dealing, sounds like insider trading to me. These criminals have so much political power than can shut down the normal legislative process of the highest law making body of this land,” Kaptur concluded.

    Elsewhere, Rep. Michael Burgess (R-TX) said that the only information he had received about the bailout was what talking points to use on the American people and that he had been thrown out of meetings for not blindly supporting the bill.

    Ominously, Burgess also comments, “Mr. Speaker I understand we are under Martial Law as declared by the speaker last night.”

    Absent any proper hearings concerning the legislation, Burgess called for the legislation to at least be posted on the Internet for 24 hours so that the American people could “see what we have done in the dark of night.”

  • BF says:

    “My constituents have given me two messages – no and hell no,’’ Rohrabacher said.

    At least someone remembers who they work for.

    Thank you Dana Rohrabacher
    That “NO” won you atleast one vote.

  • Rob Nel says:

    It seems to me that the vast majority of Americans do not want a bailout. These are normal average everyday hardworking people who do not have vast amounts of money in stock markets if any at all. They did not max out on their home equity line of credit or default on their mortgages. They are also not in the market to borrow money for a new car or any other major purchase. So who is this bailout for?

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