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Why I Oppose the Bailout (Mike Pence says NO- just published!)
Human Events ^ | 28 September 2008 | Representative Mike Pence

Posted on 09/28/2008 10:53:41 AM PDT by SE Mom

Dear Colleagues,

Our nation has been confronted by a serious crisis in our financial markets. The President and this Congress were right to act with all deliberate speed in addressing this crisis.

We now have a deal that promises to bring near term stability to our financial turmoil, but at what price?

Economic freedom means the freedom to succeed and the freedom to fail.

The decision to give the federal government the ability to nationalize almost every bad mortgage in America interrupts this basic truth of our free market economy.

Republicans improved this bill but it remains the largest corporate bailout in American history, forever changes the relationship between government and the financial sector, and passes the cost along to the American people. I cannot support it.

Before you vote, ask yourself why you came here and vote with courage and integrity to those principals.

If you came here because you believe in limited government and the freedom of the American marketplace, vote in accordance with those convictions.

Duty is ours, outcomes belong to God.

We have fought the good fight. Now we need to finish the race and make sure that posterity and the American people know there were conservatives who opposed the leviathan state in this dark hour.

And if you do this I promise you, I will stand with you and, I believe with all my heart, the American people will stand with you as well.

Mike Pence


TOPICS: Business/Economy; Front Page News; Government; News/Current Events
KEYWORDS: 110th; bailout; humanevents; mikepence; pence; wallstreet
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To: johnthebaptistmoore
I’m beyond sick and tired of conservatives “caving in” to leftists on too many issues for too many years!

The entire point of this and many other stories posted today is that the conservatives are NOT caving. Are we on FR so eager to complain that we will now do so before given valid cause?
41 posted on 09/28/2008 11:22:07 AM PDT by Terpfen (Romney's loss in Florida is STILL a catastrophe. Hello, McCandidate!)
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To: Matchett-PI

The man has no guts, no class and no integrity. He’s a slimy, con-man puppet from Chicago


42 posted on 09/28/2008 11:22:18 AM PDT by SE Mom (Proud mom of an Iraq war combat vet)
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To: SE Mom

But if they don’t pass this bill think of all the H1B visa-holders who will lose their jobs(!)


43 posted on 09/28/2008 11:22:56 AM PDT by The Duke (I have met the enemy, and he is named 'Apathy'!)
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To: demoskowitz

Scrolling back through your posts, it is difficult to discern at what point you were for McCain : |

Tatt


44 posted on 09/28/2008 11:24:10 AM PDT by thesearethetimes... ("Courage, is fear that has said its prayers." Dorothy Bernard)
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To: SE Mom

Finally a sane voice comes out of DC...

Bravo and Thank you Mr. Pence


45 posted on 09/28/2008 11:25:06 AM PDT by The Mayor ( In Gods works we see His hand; in His Word we hear His heart)
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To: tsmith130

Bush tried 12 times during his tenure, most notably in 2003, to reform Fannie and Freddie. The Democrats blocked him at every turn, most notably Chris Dodd and Barney Frank. Their inclusion at a high level in this bill is an insult to us all.

Educate yourself, don’t just speculate idly.


46 posted on 09/28/2008 11:25:31 AM PDT by Terpfen (Romney's loss in Florida is STILL a catastrophe. Hello, McCandidate!)
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To: Terpfen

Thank you!

BUMP

Tatt


47 posted on 09/28/2008 11:25:55 AM PDT by thesearethetimes... ("Courage, is fear that has said its prayers." Dorothy Bernard)
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To: Terpfen

Thank you!

BUMP

Tatt


48 posted on 09/28/2008 11:25:55 AM PDT by thesearethetimes... ("Courage, is fear that has said its prayers." Dorothy Bernard)
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To: SE Mom
The decision to give the federal government the ability to nationalize almost every bad mortgage in America interrupts this basic truth of our free market economy.

Not to mention what it will do the dollar...how much weaker can it get? Once again, fax or phone your elected to do nothing UNLESS the bill is CLEAN, devoid of Reid pork or any pork at all. I would like to see Franks and Dodd recuse themselves from this work AND their chairs as they are directly responsible for this crisis and should not be telling us how to fix what they broke.

Get mad - fax the White House and your elected all day and tomorrow. Please don't give up on this, they are listening.

49 posted on 09/28/2008 11:27:09 AM PDT by yoe ( Socialism/Marxism with Obama/Michelle - another twofer!)
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To: Paperdoll

I think McCain is going to have to vote for it.
He got most everything he wanted in it, and he’s said he hopes he can vote for it, that doing nothing is not an option.

And I don’t think that would be the end of the world for him.
But what he’s going to have to do after this bill is behind us is start lobbing some bombs.
He needs to call out the people and the programs responsible for this.

McCain likes to say that he’ll make pork-barrelers ‘famous’ when he’s president. He says he’s the Sheriff of the Senate. He says he’s against corruption and fraud in congress.
Well now is his chance to prove it.
He’s surrounded by corrupt politicians who caused this.
He needs to call them out, by name.
He needs to expose what they’ve done, how we got here.

He needs to stop calling the “my friend” and start calling them what they are: crooks.

We all know congress is corrupt, and its not merely because of airdropped earmarks.
McCain is going to have to go after the perpetrators and the bills that caused this, and the kickbacks and revolving door between government and Wall Street.

Right now the Democrats are telling everyone it was “Republican deregulation” and Phil Gramm who are responsible for all of this, and without any pushback from McCain and the GOP, the public has no reason not to believe them.

McCain’s problem is he thinks the public wants bipartisanship.
The truth is, bipartisanship is the problem, because of the unspoken rule that both parties protect each other... though the Democrats break that rule all the time.
What the public really wants is for someone to pull the curtain back on Washington and expose what really goes on there. McCain could do that.


50 posted on 09/28/2008 11:27:51 AM PDT by counterpunch (Jim Jones was a Community Organizer)
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To: thesearethetimes...

This is simply beyond belief. Obama is speaking now at a rally.

He says:

They wanted a blank check!

Joe Biden and I said NO WAY!

I said, we must have these 4 principles included, and now they are in the plan!

Now- we need a plan for workers, this one, that one, and the other other one...

Take on greed and corruption..

Implement rules and regs I’ve called for- it’s time to bring REFORM to Washington.


The man is pathological.


51 posted on 09/28/2008 11:30:04 AM PDT by SE Mom (Proud mom of an Iraq war combat vet)
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To: Paperdoll

I think McCain is going to have to vote for it.
He got most everything he wanted in it, and he’s said he hopes he can vote for it, that doing nothing is not an option.

And I don’t think that would be the end of the world for him.
But what he’s going to have to do after this bill is behind us is start lobbing some bombs.
He needs to call out the people and the programs responsible for this.

McCain likes to say that he’ll make pork-barrelers ‘famous’ when he’s president. He says he’s the Sheriff of the Senate. He says he’s against corruption and fraud in congress.
Well now is his chance to prove it.
He’s surrounded by corrupt politicians who caused this.
He needs to call them out, by name.
He needs to expose what they’ve done, how we got here.

He needs to stop calling them “my friend” and start calling them what they are: crooks.

We all know congress is corrupt, and its not merely because of airdropped earmarks.
McCain is going to have to go after the perpetrators and the bills that caused this, and the kickbacks and revolving door between government and Wall Street.

Right now the Democrats are telling everyone it was “Republican deregulation” and Phil Gramm who are responsible for all of this, and without any pushback from McCain and the GOP, the public has no reason not to believe them.

McCain’s problem is he thinks the public wants bipartisanship.
The truth is, bipartisanship is the problem, because of the unspoken rule that both parties protect each other... though the Democrats break that rule all the time.
What the public really wants is for someone to pull the curtain back on Washington and expose what really goes on there. McCain could do that.


52 posted on 09/28/2008 11:30:24 AM PDT by counterpunch (Jim Jones was a Community Organizer)
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To: SE Mom
Wooohoooo!! I knew those bastids were lying when they came out claiming everyone was behind this bill!!

The fake one's on now saying "this administration wanted a blank check and Biden and I said no!"

Ummm, hello, schmucko, YOU were the one who supported the feds broad authority of this bailout!!!

"(CBS/ AP) Democratic presidential nominee Barack Obama said Friday he backs giving "broad authority" to the Treasury Department to deal with the burgeoning credit crisis, but said he's not spelling out details of his own plans to avoid roiling the markets.

http://www.cbsnews.com/stories/2008/09/19/politics/main4459778.shtml?source=RSSattr=Politics_4459778

53 posted on 09/28/2008 11:32:11 AM PDT by NoGrayZone (Michelle Obama...Queen of the Damned (courtesy of CougarGA7)
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To: KansasGirl

Pres. Bush tried to do something in 2003 by proposing a regulatory agency within Treasury to supervise Fannie and Freddie but the dems blocked it. I can only assume that in 2003 it took more than dems to block it. So where were the Republicans?


54 posted on 09/28/2008 11:32:39 AM PDT by tsmith130
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To: counterpunch

I just pray that none of our brave house republicans lose in Nov, because the MSM and the marxist dems are able to twist the truth and hide their own democrat corruption.

We need these patriots to keep their seats and we should be careful in jumping to condemn any of them, which for political reasons, have to sign on to what we have at hand. It is much improved now, thanks to house republicans and be prepared...some of them will have to go ahead and sign.

GOD BLESS THEM!!

GO MIKE PENCE!


55 posted on 09/28/2008 11:33:17 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: SE Mom

Sounds to me like he is resigned to the bill passing and does not really have an alternative; these comments would not persuade most Americans; they don’t want a run on banks and another Great Depression; I certainly don’t want another 40 years of Democrat socialism and a world war.


56 posted on 09/28/2008 11:34:39 AM PDT by af_vet_1981 (Waiting for Samson and Voting for Sarah)
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To: SE Mom
The man is pathological.

And his party is in control of Congress with a gun pointed at the head of the country; more than ever we need McCain/Palin to win this November

57 posted on 09/28/2008 11:36:20 AM PDT by af_vet_1981 (Waiting for Samson and Voting for Sarah)
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To: SE Mom

You want a look at what Obama wants added(should he win OR STAY IN THE SENATE).....go look at what he signed at the Congressional Black Caucus website. (eye roll)


58 posted on 09/28/2008 11:36:50 AM PDT by penelopesire ("The only CHANGE you will get with the Democrats is the CHANGE left in your pocket")
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To: Terpfen
Educate yourself, don’t just speculate idly.

I'm not speculating idly. Who controlled the congress in 2003?

59 posted on 09/28/2008 11:37:08 AM PDT by tsmith130
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To: SE Mom

Ya know, SE Mom,

Between Obama’s bald faced lies, the take my ball and go homers, and the all is lost crowd, we certainly have our hands full.

Sheesh.

Tatt


60 posted on 09/28/2008 11:37:10 AM PDT by thesearethetimes... ("Courage, is fear that has said its prayers." Dorothy Bernard)
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