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House GOP members from Georgia likely to vote against bailout

My colleague Julia Malone in Washington reports that House Republicans from Georgia met Sunday evening in the offices of U.S. Rep. Phil Gingrey of Marietta.

Aides say all seven were all leaning heavily against the bailout. Lynn Westmoreland of Grantville took the House floor Monday morning to denounce the bill as too rushed. “You cannot do this type of buyout — bailout of $700 billion without adequate hearings, without hearing other alternatives,” Westmoreland said.

Reports circulating out there say there will still be enough votes of approval among Republicans to give House Democrats comfort.

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Comments

By Helen Crane

September 29, 2008 1:54 PM | Link to this

good for them- real Republicans!!!

Instead of protecting thier butts they are standing up for me!! They refuse to indebt our children without more accountability. I love you guys!!!!

By Andrew Charles

September 29, 2008 2:11 PM | Link to this

This would not have ended up costing anywhere near $700B over the life of the investment. It is our representative’s job to do what is right sometimes instead of listening to the voters- most of whom do not have an understanding of the situation. I will not be voting for Phil Gingrey in November.

By Matilda

September 29, 2008 2:19 PM | Link to this

Except it’s the the decades-long insistence that you don’t need no stinkin’ accountability if you’re a Republican-donating financial executive that is largely responsible for the mess, right Helen? I’m all for individuals borrowing responsibly, but the financial executives are actually in the BUSINESS of knowing how finances work, and used that knowledge pad their own pockets and screw the American economy at large. Not exactly “country first.”

By Ga Values

September 29, 2008 2:26 PM | Link to this

I am proud of our 7 real REPUBLICANS & will work to defeat our 2 RINO senators.

By Working Single Mom

September 29, 2008 3:22 PM | Link to this

This is a sad day for America, we should be worried for our economic future. I understand why Republicans (I am one) do not want more debt… but realistically, the money will go somewhere anyway. It might as well go towards fixing our financial crisis. Country first. Let’s collect our debts from other countries and bail ourselves out. Think about the working man, think about your retirement, think about the effects of a generation plagued by recession or depression! I’d rather be a country in debt than stand in line for bread. Maybe that’s over-the-top, but I actually listened my Grandmother’s stories as a child.

By tinheart

September 29, 2008 3:31 PM | Link to this

Thank goodness that bailout didn’t pass. Tom Price, you might almost make me vote Republican.

By Rex C

September 29, 2008 4:01 PM | Link to this

Thank you Georgia for standing your ground for the Americans in this country that just want to leave a better / stronger country to our children!!

Your a Peach :-) !!!

By David Blackwell

September 29, 2008 5:18 PM | Link to this

This bailout is a loan not an expenditure. The purpose is to fix the liquidity crisis. The bailout is more likely to make money for the treasury than lose it. Politicians who vote against this bailout are just political hacks eager to feed on the misinformed ignorance of their voters at the expense of the American economy. A vote against this bailout is a vote for a deflationary depression similar to the 1930s.

By M. Estes

September 29, 2008 6:36 PM | Link to this

Your stupidity cost my family 80,000 today. Thank you for your ignorance.

By JP

September 29, 2008 7:28 PM | Link to this

It’s fine to belive you’re standing on principle but these guys are standing in quicksand. They are afraid the taxpayers are going to foot the bill. That’s fine. But what about when the taxpayers are losing their 401K/retirement that they have been saving all their lives. Let’s put the math to it and see if the taxpayer loses more in taxes or more out of their retirement - there won’t be anything to tax if you don’t pass this bill. Are people so stupid these days they can’t add - they would rather stand on principle - right now, it’s too damn late to stand on principle-that should have happened a long time ago.

By buckwheat

October 2, 2008 6:23 PM | Link to this

Most of you people can’t even conceive $1 trillion dollars. The total Federal gov’t income is $3 trillion/year – and they’re gonna drop 1/3 of that in 14 days. The federal gov’t also spends about $5 trillion a year, and each year we go further into debt – that usually China buys up. The gov’t will give at least $1 tril to those snarling fools in NY – the same ones that raped your retirement funds. Then the gov’t will keep about 25% of it for themselves in local spending plans, then have the IRS knock on your door to collect ALL it within 6 months. Some of you say “I don’t pay much taxes” or “I don’t make enough money for the IRS to come after me” or even “they’ve never bothered me before” LOL – yea right. Who do you think is gonna pay for this? Just what we need – Barney Frank running the US economy. Frank, Harry and Dodd owe their hedge-fund buddies a load of cash from years of backroom payoffs, and they’re gonna get it from YOU fools lol. Yea, go ahead and let the government buy up banks and brokerages – go ahead

By buckwheat

October 2, 2008 6:29 PM | Link to this

Most of you people can’t even conceive $1 trillion dollars. The total Federal gov’t income is $3 trillion/year – and they’re gonna drop 1/3 of that in 14 days. The federal gov’t also spends about $5 trillion a year, and each year we go further into debt – that usually China buys up. The gov’t will give at least $1 tril to those snarling fools in NY – the same ones that raped your retirement funds. Then the gov’t will keep about 25% of it for themselves in local spending plans, then have the IRS knock on your door to collect ALL it within 6 months. Some of you say “I don’t pay much taxes” or “I don’t make enough money for the IRS to come after me” or even “they’ve never bothered me before” LOL – yea right. Who do you think is gonna pay for this? Just what we need – Barney Frank running the US economy. Frank, Harry and Dodd owe their hedge-fund buddies a load of cash from years of backroom payoffs, and they’re gonna get it from YOU fools lol. Yea, go ahead and let the government buy up banks and brokerages – go ahead

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