October 3, 2008

The 59 Representatives Who Flipped on the Bailout

@ 3:15 pm by Chris Good

The following is a list of representatives who switched their votes in favor of Congress's Wall Street bailout package after voting "no" on a previous version of the bill Monday.

Party leaders pushed hard all week for passage of the bill, which, if signed by President Bush, will grant the Treasury Department authority to spend up to $700 billion in increments on the purchase of toxic, mortgage-based assets from failing U.S. financial firms. An earlier version failed in the House 205-228 Monday; today's version, which was passed by the Senate with added provisions earlier this week, passed by a margin of 263-171, as leaders won an additional 58 votes total from their caucuses.

Here is a list of the 58 members who switched to "yes" (and the one who switched to "no"), as compiled by The Hill.

58 members who switched their votes from "no" to "yes":

Rep. Neil Abercrombie (D-Hawaii)
Rep. Rodney Alexander (R-La.)
Rep. Joe Baca (D-Calif.)
Rep Gresham Barrett (R-S.C.)
Rep. Shelley Berkley (D-Nev.)
Rep. Judy Biggert (R-Ill.)
Rep. Charles Boustany (R-La.)
Rep. Bruce Braley (D-Iowa)
Rep. Vern Buchanan (R-Fla.)
Rep. Andre Carson (D-Ind.)
Rep. Emanuel Cleaver (D-Mo.)
Rep. Howard Coble (R-N.C.)
Rep. Mike Conaway (R-Texas)
Rep. Henry Cuellar (D-Texas)
Rep. Elijah Cummings (D-Md.)
Rep. Charlie Dent (R-Pa.)
Rep. Donna Edwards (D-Md.)
Rep. Mary Fallin (R-Okla.)
Rep. Rodney Frelinghuysen (R-N.J.)
Rep. Jim Gerlach (R-Pa.)
Rep. Gabrielle Giffords (D-Ariz.)
Rep. Al Green (D-Texas)
Rep. Mazie Hirono (D-Hawaii)
Rep. Pete Hoekstra (R-Mich.)
Rep. Jesse Jackson Jr. (D-Ill.)
Rep. Sheila Jackson Lee (D-Texas)
Rep. Carolyn Kilpatrick (D-Mich.)
Rep. Joe Knollenberg (R-Mich.)
Rep. Randy Kuhl (R-N.Y.)
Rep. Barbara Lee (D-Calif.)
Rep. John Lewis (D-Ga.)
Rep. Harry Mitchell (D-Ariz.)
Rep. Sue Myrick (R-N.C.)
Rep. Solomon Ortiz (D-Texas)
Rep. Bill Pascrell (D-N.J.)
Rep. Ed Pastor (R-Ariz.)
Rep. Jim Ramstad (R-Minn.)
Rep. Ileana Ros-Lehtinen (R-Fla.)
Rep. Bobby Rush (D-Ill.)
Rep. Adam Schiff (D-Calif.)
Rep. Jean Schmidt (R-Ohio)
Rep. David Scott (D-Ga.)
Rep. John Shadegg (R-Ariz.)
Rep. Bill Shuster (R-Pa.)
Rep. Hilda Solis (D-Calif.)
Rep. John Sullivan (R-Okla.)
Rep. Betty Sutton (D-Ohio)
Rep. Lee Terry (R-Neb.)
Rep. Mike Thompson (D-Calif.)
Rep. William Thornberry (R-Texas)
Rep. Patrick Tiberi (R-Ohio)
Rep. John Tierney (D-Mass.)
Rep. Zach Wamp (R-Tenn.)
Rep. Diane Watson (D-Calif.)
Rep. Peter Welch (D-Vt.)
Rep. Lynn Woolsey (D-Calif.)
Rep. David Wu (D-Ore.)
Rep. John Yarmuth (D-Ky)

One member who switched from "yes" to "no":

Rep. Jim McDermott (D-Wash)

Did not vote Monday, but voted "yes" Friday:

Rep. Jerry Weller (R-Ill.)

Note: The Hill originally missed two members, Reps. Ileana Ros-Lehtinen (R-Fla.) and Diane Watson (D-Calif.), who have subsequently been added since the list was first posted this afternoon.

List compiled by Aaron Blake.

Archived under: Economy & Budget, Lawmaker News, Legislation, News
Tags: bailout, Wall Street

3 Comments »

1. Passage of this bill will go down as a huge mistake and another example of a government run amok. We have a bill which was defeated for sound reasons on Monday get passed on Friday in basically the same form. The only real changes were the bribes, ahem, earmarks, established to win over individuals. We have major tax breaks with absolutely none - nada - zero spending offsets. Now we're going to print up another 700 billion with no revenues to support it, borrow it from foreign interests, increase the national debt, increase inflation, increase the interest paid - how long until America's equity runs out? In Fiscal Year 2006, the U. S. Government spent $406 Billion of your money on interest payments to the holders of the National Debt. Compare that to NASA at $15 Billion, Education at $61 Billion, and Department of Transportation at $56 Billion. Interest payments alone could fund 57% of this bailout. And the greatest tragedy of all this is we the citizens have been offered no guarantees this will work. Oh sure, in two years time, if things don't completely fall apart, leadership will claim the bailout saved America and the Global economy. Yeah. Just like the tax rebates in 2002 saved it. Had nothing to do with the Fed Funds rate set below 2%, the teaser rates offered on mortgages, the 0% auto and appliance loans. Just keep kicking the can down the road you cowards. Not a leader in the bunch.
   Sincerely,
   Jeff Asay
   Narberth, PA

   Comment by JeffA — October 3, 2008 @ 4:51 pm

2. What the ignorant YEA voters have just set the US up for.

   "The Bush administration sacked Treasury Secretary John Snow and replaced him with Hank Paulson, chairman of Goldman Sachs, one of a small number of institutions allowed to purchase bills, bonds, and notes directly form the Treasury. Paulson’s appointment was no mistake and it surely wasn’t a conflict of interest.
   On March 31, 2008, Paulson released a 200 page document titled, “Blueprint for a Modernized Regulatory Structure.” It calls for the complete restructuring of U.S. markets and their regulatory structures to meet new “global standards,” that is to say bring them in line with the New International Economic Order, i.e., the New World Order.

   Under Paulson’s “Proposed Treasury Authority to Purchase Troubled Assets,” (see the Fact Sheet on the U.S. Treasury’s website), the “Secretary will have the discretion, in consultation with the Chairman of the Federal Reserve, to purchase other assets, as deemed necessary to effectively stabilize financial markets.”

   In other words, if passed by Congress, Paulson and Bernanke will have the authority to intervene in the markets as they — as minions of the global elite — deem necessary. It is not a stretch to imagine the outcome: a cornering of the gold, silver, or platinum markets, the snatching up of prime real estate and corporations, running the competition out of business. In essence, this represents the sovietization of the U.S. economy. It is central planning as envisioned by the global elite. It is a triumph for the New International Economic Order."

   Comment by B Graz — October 3, 2008 @ 6:48 pm

3. The obvious solution is to give our elected "Representatives" a shock this November. Districts that were once safe need to become unsafe, incumbents who voted for this travesty need to be ran out on a rail or recalled. They need to fear the voting public in their home district more than they fear their own party.

   Comment by Paul — October 4, 2008 @ 1:50 am

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