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DEL.ICIO.USChambliss video on a Wall Street rescue: ‘Every single issue that we’ve asked to be address, has been addressed’
The Atlanta Journal-Constitution
Don’t want to get in the habit of posting campaign videos, but given the topic, this one by the Republican campaign of Saxby Chambliss merits an exception.
Below are remarks that the incumbent senator made this morning, at PDK airport, on the failed Wall Street bailout bill. One caveat: The video includes only Chambliss’ statement — not any responses to the questions from reporters that followed.
In his statement, Chambliss began on a partisan tone, putting the blame for Monday’s debacle “on the part of the leadership on the Democratic side, both in the House and in the Senate.”
Chambliss also managed to call the bill a “Democratic proposal,” rather than a measure initiated by the Bush administration.
But other than that, Chambliss more or less prepared Georgians for the fact that he intends to vote in favor of the measure, once it is revived in the House and moves to the Senate.
“Every single issue that we’ve asked to be address, has been addressed,” Chambliss said. “It may not have been exactly the way we liked it.
“For example, one of the things we were insistent on was the mark-to-market issue, so that community banks as well as major institutions could have the benefit of making sure that there homes were not going to be written up and deemed to be toxic loans if they had well performing borrowers,” he said.
“Mark to market” has been addressed somewhat in the bill, Chambliss said. Even so, the senator said, “If there’s a change to be made, on the House side before this bill comes to the senate, that’s an area where we can improve.”
See for yourself.
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Comments
By Ga Values
September 30, 2008 5:03 PM | Link to this
Looks like Saxby is going to earn the $1,322,000.00 that he got from Banks, Real Estate Companies, & Insurance Companies. McCain says COUNTRY FIRST, Saxby says LOBBYIST (especially Bo Chambliss) First.
By andy in West Cobb
September 30, 2008 8:04 PM | Link to this
I will vote against Saxby if he votes for the bailout. then I will wait a couple of years and vote against his kissing cousin Johnny Isakson. I have never voted Democrat in my life….but it looks like that is about to change. You are a d**n fool Saxby.
By gttim
September 30, 2008 8:55 PM | Link to this
Saxby is going to be a good little boy and vote how his paymasters tell him to vote.
Any politician who votes for this mess needs to be tossed out of office the next time they run again. Hell, all incumbents should be voted out- primary or general. They are stealing from the actual taxpayers and giving the money to the wealthy and the corporations, you know, the ones with all the loopholes so they avoid paying any taxes.
By Bill
September 30, 2008 10:19 PM | Link to this
I am a GOP leader and I will be voting for Jim Martin because Saxby is a closet communist. Apparently he is now coming out with his views and he needs to leave the Republican party and join up with Fidel, Putin, & Marx!!!
By Bill
September 30, 2008 10:21 PM | Link to this
I am a GOP leader and I will be voting for Jim Martin because Saxby is a closet communist. Apparently he is now coming out with his views and he needs to leave the Republican party and join up with Fidel, Putin, & Marx!!!
By Bill
September 30, 2008 10:21 PM | Link to this
I am a GOP leader and I will be voting for Jim Martin because Saxby is a closet communist. Apparently he is now coming out with his views and he needs to leave the Republican party and join up with Fidel, Putin, & Marx!!!
By Will Jones
September 30, 2008 11:03 PM | Link to this
With his “mohawk” combed over his hidden baldness under his sagging banner at PDK and his sagging re-election prospects, Chambliss feigns senatorial qualities in justifying welfare fascism for his fatcat pals but never so much as a faretheewell as he signed off on Bush’s 9/11 treason and WMD lies to restart Afghanistan’s heroin trade and get 4200 of his betters dead in Our Armed Forces shedding innocent blood.
His voting to bailout Wall Street by debasing our money, which will lead to price increases while depressing workers’ purchasing power, would be enough to kick him out of office; his being a Bush “good buddy” was reason enough, anyway.
By Neo
October 1, 2008 9:09 AM | Link to this
I still think this is too complicated for most simple folks (I don’t mean the Amish).
The best example for simple folks is ..
imagine that the government started to circulate counterfeit $20 bills into the economy .. years go by .. one day the news comes out that there are billions in counterfeit $20 bills in circulation. Who will take your $20 bills ?
.. Now in our current situation, instead of $20 bills, it’s securities made up of some number of bad mortgages made at the beckoning of the federal government.
But what I can’t understand .. is why the federal government should get an equity stake ?
The federal government orchestrated this screw up, they should just make restitution. Until that happens, there won’t be the proper level of outrage with the parties that let this go on. The whole “bailout” meme is merely a CYA exercise by the same politicians that let/made this happen in the first place.