Democratic Representative Allen Boyd voted for the bailout and Jeff Miller(R-Pensacola) voted against the bill...
U.S. Rep. Allen Boyd, D-Monticello, voted for the bill. Back in Florida on Tuesday, he conducted an interview on his car phone. Much of the displeasure on the bailout appears to be with the Bush administration, he said.
"I wasn't totally surprised, but I was disappointed," Boyd said of the bill's defeat. "The fiscal policy was upside down ... This had to happen sooner or later, we just didn't expect it sooner. ... There are underlying policy issues we have to fix and that will not happen until we get a new president. ... It's a matter of figuring out where we are, how we got there and what we can do to fix it. Whoever gets elected will get a chance to do that."
As part of the Blue Dog Coalition, Boyd favors what he calls a "recoupment clause" in which bailed-out companies would pay fees to alleviate the need of such money coming from taxpayers.
"This won't wave a magic wand," said Boyd, who represents District 2. "What this does is avert the crisis. The timetable on when it happens is less important than getting this right. We saw markets settle today, so the fundamentals haven't really changed.
"What's really important is addressing fiscal and regulatory policy issues, lack of oversight, and you can't buy more than you're willing to pay for as a nation," Boyd summarized. "All of those things have to be fixed." via NWF Daily News
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What’s the difference between a pigeon and an investment banker? Only one can still leave a deposit on a BMW.
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