LAKE COUNTY – On Saturday, the day after he voted along with the majority of the House of Representatives to pass a massive bailout bill, Congressman Mike Thompson was back in his district, fielding questions about his decision to change his vote and what the bailout itself will possibly offer America.
Last Monday, Thompson cast a no vote, along with 227 other House members, to defeat the first version of the proposed bailout bill, the Emergency Economic Stabilization Act of 2008, HR 3997. The vote was 228 to 205.
The House followed that with a Friday vote for a different version of the bill that the Senate had passed two days earlier. Thompson voted yes on that bill.
“This wasn't just about Wall Street, it was about Main Street,” Thompson said during a Saturday interview with Lake County News.
The first version of the bill, which Thompson called “the Bush bill,” would have given Treasury Secretary Henry Paulson $700 billion “with no questions asked,” he explained.
It was a bill, he added, that nobody really liked.
The push for that bailout bill came days earlier, said Thompson.
He and Speaker of the House Nancy Pelosi were flying home to California from Washington. First, however, Pelosi had a meeting with Paulson and Federal Reserve Chairman Ben Bernanke.
read more:
http://lakeconews.com/content/view/5828/764/
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment