Sunday, October 5, 2008

Inslee's Response (He Voted Nay)

Well, I'm happy to report that in the original House version of the bailout bill, Inslee voted no. It was for the wrong reasons, of course, but I'll take it. Here's some of his response.

Like you, I am outraged that reckless and irresponsible conduct has put us in this terrible position of economic uncertainty.

I'm sure he's not referring at all to the subprime lending sprees of Fannie Mae and Freddie Mac to anyone with a pulse, nor the recklessly low interest rates set by the Federal Reserve.

...the original proposal from the Bush administration was arrogantly unaccountable to the taxpayer, did not provide for Congressional oversight, included absolutely no equity stake for the taxpayer, and no help for struggling homeowners. Like you, I hoped the revised plan would address these inherent flaws.

Actually, I hoped that the bill would not pass in any form. Something about adding a trillion dollars to the national debt kinda turned me off of it. But no mention so far about spending money we don't have, notice that?

Regrettably, this plan is a continuation of the same type of deficit spending that has been so damaging to our economy in the last eight years...We need to take a long and hard look at how Wall Street got itself in this pickle and establish regulations to prevent another party on the taxpayer’s dime.

Yeah! More regulations, that'll do it! We just need the right people in charge, that's all. The other thing we should do is make recessions illegal. *dusts hands off* Problem solved!

In addition, I am a strong proponent of growing and diversifying our economy in new markets with tangible assets like clean energy, rather than relying too heavily on one market for our economic stability.

Hmm, I like clean energy too. I just don't want to pay for it with tax money. I'll gladly pay to fuel my car or home with it, though.

The rest of his response is standard boilerplate. New legislation, new regulations, etc.

I think if he was not running for reelection he would have voted yes. But thankfully, he didn't. Both times.

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