A majority of the NJ delegation refused to bail out Wall Street at the taxpayer’s expense yesterday. Baristaville’s Congressman Bill Pascrell delaying his decision until the final moment, voted against the bailout bill.
“We’re flipping coins here,” he said. “What happens if this goes down today ‚Äî the markets tank and you are an accessory to the crime? But what happens if you vote ‘yes’ and the market tanks anyway?”
He added, “Most of my constituents are against this, but when I prod them they don’t really understand. It’s a very complex issue. But I’ve got to make a decision here ‚Äî otherwise I’m an automaton.”
“I couldn’t vote for a bill like this which would require my constituents that are really hurting financially to pick up the tab run up by wealthy Wall Street executives,” Payne said.
Washington is now hustling to find an alternative palatable fix for the financial meltdown.
Murphy Moore has his own explanation of what went down yesterday when the “Corporate Crime of the Century” was averted.
A lot of people are wondering why the right wing of the Republican Party joined with the left wing of the Democratic Party in voting down the thievery. Forty percent of Democrats and two-thirds of Republicans voted against the bill.
Read his take, here.