Senator Kay Bailey Hutchison,

I have called your office, the office of Senator John Cornyn and Senator John McCain. I am a lifelong Republican, a McCain Victory 08 Blogger and have my own blog and Internet talk radio program.

After your vote last night, I will never support you for elected office, I will instead support any other Republican opposing you who disagrees with what you did. You voted for a huge piece of pork last night that is totally unnecessary.

We need to repeal Sarbanes Oxley, Mark-to-Market rules, cut capital gains and immediately investigate and prosecute anyone involved in this economic scandal to include anyone on Capitol Hill involved no matter who they are.

Sadly, you and others like you have hijacked the Republican party, completely abandoned the Reagan doctrine, and ignored the legacy Reagan handed the American people.

Personally, I wished that Jim DeMint was my Senator and that he was the nominee of our party.  He was one of 15 Republicans and 10 democrats who stood up for what is right for America and not for himself in the way of pork barrel earmarks.

McCain, like you, has proven himself to be wrong and out of touch with true conservatives, but sadly he is the only hope we have of defeating Obama... voting against Obama is my pleasure,

Sadly, after last night’s events, voting for McCain will be done VERY RELUCTANTLY!

What you voted for was a disgrace you should be ashamed of yourself.

You have lost my trust and my support - PERIOD!

It appears as though our party needs to immediately begin rebuilding itself with the 15 Senators and 133 Representatives that voted against the bailout.

John Barnhart - Georgetown, Texas

Before reading this, I want it understood, this is not the official position of www.letsgetthisright.com or anyone else, this is MY PERSONAL OPINION and does not represent my position as a staffer of www.letsgetthisright.com

American's need to stand up and tell John McCain to "Just Say No!"

If one reads just the title of the bill that was voted down yesterday it has absolutely nothing to do with the government’s attempted bail out to the tune of $700 Billion dollars. For those who are unaware here is the title of the "bailout bill"

BILL TITLE: To amend the Internal Revenue Code of 1986 to provide earnings assistance and tax relief to members of the uniformed services, volunteer firefighters, and Peace Corps volunteers, and for other purposes 

(what the hell... how can anyone make heads or tails of that title referencing a bailout bill???)

No American should be in favor of this bail out - you don't fix a temporary problem within a capitalist economy with a permanent socialist solution. Hell, even 95 democrats agreed yesterday that the bailout is the WRONG solution.

This is one of those occasions where I DO NOT support the President’s position!

President Bush, Nancy Pelosi, Harry Reid, Chuck Schumer, Barney Frank, Chris Dodd, Rahm Emanuel,  John Murtha, Charlie Rangel, and a host of other liberals are in favor of this ridiculous bill, the Republicans who supported it should be ashamed and do not represent true conservative values.

In my own personal opinion, if John McCain wants to have any hope of winning the White House and thereby help Sarah Palin as a potential future President, he should immediately separate his position from that of the President, Secretary Paulson, Senator Obama, as well as the Democrats and Republicans who support the bailout.

I like McCain, I like Palin and they are the ticket I am supporting, but the folks at the top of the campaign who are giving them advice need to hush, stop pushing a bad agenda, and listen to the voice of the American people on this one and let John McCain and Sarah Palin act accordingly.

Let us, "We The People" figure out how to get this right, by allowing us to participate in the general economy to fix it over time, the bailout bill is the equivalent of using morphine to cure a bad flu bug, the cure is not only the wrong prescription, it is more deadly than the illness itself.

John McCain needs to be the Maverick that many Americans like, respect and are comfortable voting for.

Senator John McCain should immediately come out and "Just Say No" to the bail out and suggest the following or something very similar to it;

1. Suspend the Mark-to-Market Rule - If short selling can be suspended on 799 stocks (an arbitrary number and a warning of the rule by bureaucrats which is coming under the Paulson plan), the mark-to-market rule can be suspended for six months and then replaced with a more accurate three year rolling average mark-to-market.

2. Repeal Sarbanes Oxley - It failed with Freddy Mac. It failed with Fannie Mae. It failed with Bear Stearns. It failed with Lehman Brothers. It failed with AIG. It is crippling our entrepreneurial economy. I spent three days this week in Silicon Valley. Everyone agreed Sarbanes-Oxley was crippling the economy. One firm told me they would bring more than 20 companies public in the next year if the law was repealed. Its Sarbanes-Oxley’s $3 million per startup annual accounting fee that is keeping these companies private.

3. Match our competitors in China and Singapore by going to a zero capital gains tax - Private capital will flood into Wall Street with zero capital gains and it will come at no cost to the taxpayer. Even if you believe in a static analytical model in which lower capital gains taxes mean lower revenues for the Treasury, a zero capital gains tax costs much less than the Paulson plan. And if you believe in a historic model (as I do), a zero capital gains tax would lead to a dramatic increase in federal revenue through a larger, more competitive and more prosperous economy.

4. Immediately pass an “all of the above” energy plan - that is designed to bring home $500 billion of the $700 billion a year we are sending overseas. With that much energy income the American economy would boom and government revenues would grow.

5. Immediately DEMAND investigations - of those responsible for directly influencing the current economic situation due to either direct action or inaction, be they captains of industry, lobbyists or politicians and as McCain would say "make them famous" and let the FBI, the Justice Dept. and the Federal Court systems follow up from there.

None of these suggestions are new, they are supported by Conservative politicians and business men like New Gingrich (who actually made those proposals on Sept. 21st - See Forbes Magazine and National Review Online from that date) and there are also plenty of "hip and trendy" socially left "pop culture icons" like Donald Trump who favor the concept of "Just Say No" as well.

There is NO REASON for John McCain to support a bailout bill that both George Bush and Barack Obama support and 83% to 86% of Americans on both sides DO NOT support!

John McCain MUST be on the RIGHT side of history on this bill, I say call and email the McCain campaign, and his Senate offices and tell them to tell John McCain to "Just Say No!" 

John McCain Campaign Office

(703) 418-2008 or http://www.johnmccain.com/Contact/

Senatorial Offices

·         Phoenix Office:

5353 North 16th Street
Suite 105
Phoenix, AZ 85016
Main: 602-952-2410
Fax: 602-952-8702

·         Tempe Office:

4703 South Lakeshore Drive
Suite 1
Tempe, AZ 85282
Main: 480-897-6289
Fax: 480-897-8389

·         Tucson Office:

407 West Congress Street
Suite 103
Tucson, AZ 85701
Main: 520-670-6334
Fax: 520-670-6637

·         Washington Office:

241 Russell Senate Office Building
Washington, DC 20510
Main: 202-224-2235
Fax: 202-228-2862

Below is the result of the roll call vote from yesterday.

H R 3997 RECORDED VOTE 29-Sep-2008 2:07 PM       

BILL TITLE: To amend the Internal Revenue Code of 1986 to provide earnings assistance and tax relief to members of the uniformed services, volunteer firefighters, and Peace Corps volunteers, and for other purposes

AYES Democrat 140

Republican 65    

NOES Democrat 95

Republican 133    

NOT VOTING Republican 1   (Shame on you Congressman Weller!)

TOTALS AYES 205 NOES 228      QUESTION: On Concurring in Senate Amendment With An Amendment

Ackerman D NY legislator Aye
Allen D ME legislator Aye
Andrews D NJ legislator Aye
Arcuri D NY legislator Aye
Baird D WA legislator Aye
Baldwin D WI legislator Aye
Bean D IL legislator Aye
Berman D CA legislator Aye
Berry D AR legislator Aye
Bishop (GA) D GA legislator Aye
Bishop (NY) D NY legislator Aye
Boren D OK legislator Aye
Boswell D IA legislator Aye
Boucher D VA legislator Aye
Boyd (FL) D FL legislator Aye
Brady (PA) D PA legislator Aye
Brown, Corrine D FL legislator Aye
Capps D CA legislator Aye
Capuano D MA legislator Aye
Cardoza D CA legislator Aye
Carnahan D MO legislator Aye
Clarke D NY legislator Aye
Clyburn D SC legislator Aye
Cohen D TN legislator Aye
Cooper D TN legislator Aye
Costa D CA legislator Aye
Cramer D AL legislator Aye
Crowley D NY legislator Aye
Davis (AL) D AL legislator Aye
Davis (CA) D CA legislator Aye
Davis (IL) D IL legislator Aye
DeGette D CO legislator Aye
DeLauro D CT legislator Aye
Dicks D WA legislator Aye
Dingell D MI legislator Aye
Donnelly D IN legislator Aye
Doyle D PA legislator Aye
Edwards (TX) D TX legislator Aye
Ellison D MN legislator Aye
Ellsworth D IN legislator Aye
Emanuel D IL legislator Aye
Engel D NY legislator Aye
Eshoo D CA legislator Aye
Etheridge D NC legislator Aye
Farr D CA legislator Aye
Fattah D PA legislator Aye
Foster D IL legislator Aye
Frank (MA) D MA legislator Aye
Gonzalez D TX legislator Aye
Gordon D TN legislator Aye
Gutierrez D IL legislator Aye
Hall (NY) D NY legislator Aye
Hare D IL legislator Aye
Harman D CA legislator Aye
Hastings (FL) D FL legislator Aye
Higgins D NY legislator Aye
Hinojosa D TX legislator Aye
Holt D NJ legislator Aye
Honda D CA legislator Aye
Hooley D OR legislator Aye
Hoyer D MD legislator Aye
Israel D NY legislator Aye
Johnson, E. B. D TX legislator Aye
Kanjorski D PA legislator Aye
Kennedy D RI legislator Aye
Kildee D MI legislator Aye
Kind D WI legislator Aye
Klein (FL) D FL legislator Aye
Langevin D RI legislator Aye
Larsen (WA) D WA legislator Aye
Larson (CT) D CT legislator Aye
Levin D MI legislator Aye
Loebsack D IA legislator Aye
Lofgren, Zoe D CA legislator Aye
Lowey D NY legislator Aye
Mahoney (FL) D FL legislator Aye
Maloney (NY) D NY legislator Aye
Markey D MA legislator Aye
Marshall D GA legislator Aye
Matsui D CA legislator Aye
McCarthy (NY) D NY legislator Aye
McCollum (MN) D MN legislator Aye
McDermott D WA legislator Aye
McGovern D MA legislator Aye
McNerney D CA legislator Aye
McNulty D NY legislator Aye
Meek (FL) D FL legislator Aye
Meeks (NY) D NY legislator Aye
Melancon D LA legislator Aye
Miller (NC) D NC legislator Aye
Miller, George D CA legislator Aye
Mollohan D WV legislator Aye
Moore (KS) D KS legislator Aye
Moore (WI) D WI legislator Aye
Moran (VA) D VA legislator Aye
Murphy (CT) D CT legislator Aye
Murphy, Patrick D PA legislator Aye
Murtha D PA legislator Aye
Nadler D NY legislator Aye
Neal (MA) D MA legislator Aye
Oberstar D MN legislator Aye
Obey D WI legislator Aye
Olver D MA legislator Aye
Pallone D NJ legislator Aye
Pelosi D CA speaker Aye
Perlmutter D CO legislator Aye
Pomeroy D ND legislator Aye
Price (NC) D NC legislator Aye
Rahall D WV legislator Aye
Rangel D NY legislator Aye
Reyes D TX legislator Aye
Richardson D CA legislator Aye
Ross D AR legislator Aye
Ruppersberger D MD legislator Aye
Ryan (OH) D OH legislator Aye
Sarbanes D MD legislator Aye
Schakowsky D IL legislator Aye
Schwartz D PA legislator Aye
Sestak D PA legislator Aye
Sires D NJ legislator Aye
Skelton D MO legislator Aye
Slaughter D NY legislator Aye
Smith (WA) D WA legislator Aye
Snyder D AR legislator Aye
Space D OH legislator Aye
Speier D CA legislator Aye
Spratt D SC legislator Aye
Tanner D TN legislator Aye
Tauscher D CA legislator Aye
Towns D NY legislator Aye
Tsongas D MA legislator Aye
Van Hollen D MD legislator Aye
Velazquez D NY legislator Aye
Wasserman Schultz D FL legislator Aye
Waters D CA legislator Aye
Watt D NC legislator Aye
Waxman D CA legislator Aye
Weiner D NY legislator Aye
Wexler D FL legislator Aye
Wilson (OH) D OH legislator Aye
Bachus R AL legislator Aye
Blunt R MO legislator Aye
Boehner R OH legislator Aye
Bonner R AL legislator Aye
Bono Mack R CA legislator Aye
Boozman R AR legislator Aye
Brady (TX) R TX legislator Aye
Brown (SC) R SC legislator Aye
Calvert R CA legislator Aye
Camp (MI) R MI legislator Aye
Campbell (CA) R CA legislator Aye
Cannon R UT legislator Aye
Cantor R VA legislator Aye
Castle R DE legislator Aye
Cole (OK) R OK legislator Aye
Crenshaw R FL legislator Aye
Cubin R WY legislator Aye
Davis, Tom R VA legislator Aye
Dreier R CA legislator Aye
Ehlers R MI legislator Aye
Emerson R MO legislator Aye
Everett R AL legislator Aye
Ferguson R NJ legislator Aye
Fossella R NY legislator Aye
Gilchrest R MD legislator Aye
Granger R TX legislator Aye
Herger R CA legislator Aye
Hobson R OH legislator Aye
Inglis (SC) R SC legislator Aye
King (NY) R NY legislator Aye
Kirk R IL legislator Aye
Kline (MN) R MN legislator Aye
LaHood R IL legislator Aye
Lewis (CA) R CA legislator Aye
Lewis (KY) R KY legislator Aye
Lungren, Daniel E. R CA legislator Aye
McCrery R LA legislator Aye
McHugh R NY legislator Aye
McKeon R CA legislator Aye
Miller, Gary R CA legislator Aye
Peterson (PA) R PA legislator Aye
Pickering R MS legislator Aye
Porter R NV legislator Aye
Pryce (OH) R OH legislator Aye
Putnam R FL legislator Aye
Radanovich R CA legislator Aye
Regula R OH legislator Aye
Reynolds R NY legislator Aye
Rogers (AL) R AL legislator Aye
Rogers (KY) R KY legislator Aye
Ryan (WI) R WI legislator Aye
Saxton R NJ legislator Aye
Sessions R TX legislator Aye
Shays R CT legislator Aye
Simpson R ID legislator Aye
Smith (TX) R TX legislator Aye
Souder R IN legislator Aye
Tancredo R CO legislator Aye
Upton R MI legislator Aye
Walden (OR) R OR legislator Aye
Walsh (NY) R NY legislator Aye
Weldon (FL) R FL legislator Aye
Wilson (NM) R NM legislator Aye
Wilson (SC) R SC legislator Aye
Wolf R VA legislator Aye
Abercrombie D HI legislator No
Altmire D PA legislator No
Baca D CA legislator No
Barrow D GA legislator No
Becerra D CA legislator No
Berkley D NV legislator No
Blumenauer D OR legislator No
Boyda (KS) D KS legislator No
Braley (IA) D IA legislator No
Butterfield D NC legislator No
Carney D PA legislator No
Carson D IN legislator No
Castor D FL legislator No
Cazayoux D LA legislator No
Chandler D KY legislator No
Childers D MS legislator No
Clay D MO legislator No
Cleaver D MO legislator No
Conyers D MI legislator No
Costello D IL legislator No
Courtney D CT legislator No
Cuellar D TX legislator No
Cummings D MD legislator No
Davis, Lincoln D TN legislator No
DeFazio D OR legislator No
Delahunt D MA legislator No
Doggett D TX legislator No
Edwards (MD) D MD legislator No
Filner D CA legislator No
Giffords D AZ legislator No
Gillibrand D NY legislator No
Green, Al D TX legislator No
Green, Gene D TX legislator No
Grijalva D AZ legislator No
Herseth Sandlin D SD legislator No
Hill D IN legislator No
Hinchey D NY legislator No
Hirono D HI legislator No
Hodes D NH legislator No
Holden D PA legislator No
Inslee D WA legislator No
Jackson (IL) D IL legislator No
Jackson-Lee (TX) D TX legislator No
Jefferson D LA legislator No
Johnson (GA) D GA legislator No
Kagen D WI legislator No
Kaptur D OH legislator No
Kilpatrick D MI legislator No
Kucinich D OH legislator No
Lampson D TX legislator No
Lee D CA legislator No
Lewis (GA) D GA legislator No
Lipinski D IL legislator No
Lynch D MA legislator No
Matheson D UT legislator No
McIntyre D NC legislator No
Michaud D ME legislator No
Mitchell D AZ legislator No
Napolitano D CA legislator No
Ortiz D TX legislator No
Pascrell D NJ legislator No
Pastor D AZ legislator No
Payne D NJ legislator No
Peterson (MN) D MN legislator No
Rodriguez D TX legislator No
Rothman D NJ legislator No
Roybal-Allard D CA legislator No
Rush D IL legislator No
Salazar D CO legislator No
Sanchez, Linda T. D CA legislator No
Sanchez, Loretta D CA legislator No
Schiff D CA legislator No
Scott (GA) D GA legislator No
Scott (VA) D VA legislator No
Serrano D NY legislator No
Shea-Porter D NH legislator No
Sherman D CA legislator No
Shuler D NC legislator No
Solis D CA legislator No
Stark D CA legislator No
Stupak D MI legislator No
Sutton D OH legislator No
Taylor D MS legislator No
Thompson (CA) D CA legislator No
Thompson (MS) D MS legislator No
Tierney D MA legislator No
Udall (CO) D CO legislator No
Udall (NM) D NM legislator No
Visclosky D IN legislator No
Walz (MN) D MN legislator No
Watson D CA legislator No
Welch (VT) D VT legislator No
Woolsey D CA legislator No
Wu D OR legislator No
Yarmuth D KY legislator No
Aderholt R AL legislator No
Akin R MO legislator No
Alexander R LA legislator No
Bachmann R MN legislator No
Barrett (SC) R SC legislator No
Bartlett (MD) R MD legislator No
Barton (TX) R TX legislator No
Biggert R IL legislator No
Bilbray R CA legislator No
Bilirakis R FL legislator No
Bishop (UT) R UT legislator No
Blackburn R TN legislator No
Boustany R LA legislator No
Broun (GA) R GA legislator No
Brown-Waite, Ginny R FL legislator No
Buchanan R FL legislator No
Burgess R TX legislator No
Burton (IN) R IN legislator No
Buyer R IN legislator No
Capito R WV legislator No
Carter R TX legislator No
Chabot R OH legislator No
Coble R NC legislator No
Conaway R TX legislator No
Culberson R TX legislator No
Davis (KY) R KY legislator No
Davis, David R TN legislator No
Deal (GA) R GA legislator No
Dent R PA legislator No
Diaz-Balart, L. R FL legislator No
Diaz-Balart, M. R FL legislator No
Doolittle R CA legislator No
Drake R VA legislator No
Duncan R TN legislator No
English (PA) R PA legislator No
Fallin R OK legislator No
Feeney R FL legislator No
Flake R AZ legislator No
Forbes R VA legislator No
Fortenberry R NE legislator No
Foxx R NC legislator No
Franks (AZ) R AZ legislator No
Frelinghuysen R NJ legislator No
Gallegly R CA legislator No
Garrett (NJ) R NJ legislator No
Gerlach R PA legislator No
Gingrey R GA legislator No
Gohmert R TX legislator No
Goode R VA legislator No
Goodlatte R VA legislator No
Graves R MO legislator No
Hall (TX) R TX legislator No
Hastings (WA) R WA legislator No
Hayes R NC legislator No
Heller R NV legislator No
Hensarling R TX legislator No
Hoekstra R MI legislator No
Hulshof R MO legislator No
Hunter R CA legislator No
Issa R CA legislator No
Johnson (IL) R IL legislator No
Johnson, Sam R TX legislator No
Jones (NC) R NC legislator No
Jordan R OH legislator No
Keller R FL legislator No
King (IA) R IA legislator No
Kingston R GA legislator No
Knollenberg R MI legislator No
Kuhl (NY) R NY legislator No
Lamborn R CO legislator No
Latham R IA legislator No
LaTourette R OH legislator No
Latta R OH legislator No
Linder R GA legislator No
LoBiondo R NJ legislator No
Lucas R OK legislator No
Mack R FL legislator No
Manzullo R IL legislator No
Marchant R TX legislator No
McCarthy (CA) R CA legislator No
McCaul (TX) R TX legislator No
McCotter R MI legislator No
McHenry R NC legislator No
McMorris Rodgers R WA legislator No
Mica R FL legislator No
Miller (FL) R FL legislator No
Miller (MI) R MI legislator No
Moran (KS) R KS legislator No
Murphy, Tim R PA legislator No
Musgrave R CO legislator No
Myrick R NC legislator No
Neugebauer R TX legislator No
Nunes R CA legislator No
Paul R TX legislator No
Pearce R NM legislator No
Pence R IN legislator No
Petri R WI legislator No
Pitts R PA legislator No
Platts R PA legislator No
Poe R TX legislator No
Price (GA) R GA legislator No
Ramstad R MN legislator No
Rehberg R MT legislator No
Reichert R WA legislator No
Renzi R AZ legislator No
Rogers (MI) R MI legislator No
Rohrabacher R CA legislator No
Ros-Lehtinen R FL legislator No
Roskam R IL legislator No
Royce R CA legislator No
Sali R ID legislator No
Scalise R LA legislator No
Schmidt R OH legislator No
Sensenbrenner R WI legislator No
Shadegg R AZ legislator No
Shimkus R IL legislator No
Shuster R PA legislator No
Smith (NE) R NE legislator No
Smith (NJ) R NJ legislator No
Stearns R FL legislator No
Sullivan R OK legislator No
Terry R NE legislator No
Thornberry R TX legislator No
Tiahrt R KS legislator No
Tiberi R OH legislator No
Turner R OH legislator No
Walberg R MI legislator No
Wamp R TN legislator No
Westmoreland R GA legislator No
Whitfield (KY) R KY legislator No
Wittman (VA) R VA legislator No
Young (AK) R AK legislator No
Young (FL) R FL legislator No
Weller R IL legislator Not Voting

This Blog is specifically intended for liberal Democrats Charles Schumer, of New York, Chris Dodd of Connecticut and Barney Frank of Massachusetts. I want to know from you three and others like you who share your ideas of what government should be, where in the "Sam Hill" were you gentlemen as the current financial house of cards was starting to show signs of folding?

Shame on you Chucky, you are the Chairman of Congress' Joint Economic Committee and a vocal critic of the Bush administration, shame and you Chris Dodd, you are the Senate Chairman of the Banking Committee on Housing and Urban Affairs, you Mr. Dodd, you got sweetheart loans as did your liberal friends like Senator Obama that most Americans have no ability to get, with special clauses which include no penalties, low interest rates, no fees etc. that brings me to Barney Frank, you are the Chairman of the Financial Services Committee and you promised the American voters in 2005 and 2006 this would not happen on your watch, but each of you sirs, you all lied!

Did you three think that conservative Bloggers and radio talk show hosts like me have forgotten that President Bush, and Senator John McCain tried to get you and the rest of the House and Senate to pass new sweeping oversight legislation back in 2003 and again in 2005? 

Why didn't you three or the "Dali-Bama" push for the passage of sweeping banking, mortgage lending and loan insurance reform legislation back in 2003 and 2005? Bush, McCain and hundreds of economists saw this disaster coming, but oh no not you!

Simply stated it was because Schumer, Dodd, Frank and your cronies like Reid, Rangel, Murtha, Boxer, Diane "Franken-Feinstein", Hillary "Rotten" Clinton, and Nancy "Stretch" Pelosi were too busy concentrating on blocking every piece of legislation on the Presidential wish list just to make the administration look bad. The plan was to keep the public and the news media focused on the war in Iraq, all in an effort to swing power back to liberal Democrats prior to the election.

Well you three back benchers it worked and thank you for this mess we are in. Now you and so many others on the liberal left, including Senators Joe Biden and Barack Obama want to cry foul... and it stinks sirs.

President Bush and John McCain saw this coming and you three did nothing, just because you clowns were in the middle of a big power grab you all chose to sit on your hands while leading in the charge to do nothing! You and so many others like you on the left refused the pass the FDIC Banking Reform Act of 2005 H.R. 1185 and you also refused to pass the Mortgage Regulatory Reform Act of 2005. Each of you claim now that Republicans have supposedly pushed us into this mess, yet you all continually blocked the passage of proposed Republican legislation to prevent it, just so you could win an election! 

Mr. Schumer you made the move on your own accord in June to leak letters you had sent to federal bank regulators, saying that the financial position of IndyMac Bank "poses significant risks to both taxpayers and borrowers" and then went on to ask â??if federal regulators were prepared to take measures that would help prevent the collapse of IndyMac or minimize the damage should such a failure occur." After that little note of yours Senator Schumer sent shock waves through the financial sector there was a $1.3 billion dollar run on the bank.

Less than one month later IndyMac was seized and the house of cards that congress could have prevented in 2003 started to fall and fall fast. At the time it was the second-largest bank failure in U.S. history. The banks employees and investors blamed Schumer for IndyMac's failure calling the leaking of the of the letters "reckless and grossly irresponsible." Over 50 former IndyMac employees, sent a letter to California Attorney General (and confirmed fellow moonbat) Jerry Brown stating that "Because of a malicious, politically motivated act of Charles Schumer, our lives have been shattered." Did Jerry Brown do anything? Will he? He said late last month the answer is "no." Why?

Because he and other nutty liberals want to try and hold Republicans accountable for the mess when it was Republicans who tried to get congressional Democrats to reach across the aisle and alter the current course of events back in 2003 and again in 2005. House and Senate Democrats, including Schumer, Dodd and Frank have accused the Bush administration of doing nothing to keep people from accepting loans they could not actually afford. Then to try and sweep this and all the other financial ruin under the rug and make the problem go away it was Schumer, Dodd, Frank and others that pressured the President to sign the Mortgage Relief Act a month ago.

Bush threatened to veto the bill and he should have, but he didn't, he caved as did hundreds of other Republicans and it is really disturbing, there is no excuse that justifies the bail out. Too bad too because the entire affair is the responsibility of a faulty banking system, poor banking management, underfunded investment groups who were flipping financially unstable properties, wretchedly poor congressional oversight and poorly qualified buyers.

Where is the individual responsibility in any of those scenarios, are we supposed to always bail out those who constantly survive on the misuse of the tax milk that flows like wasted water from the nipple of "Uncle Sugar?" The bill is now forcing all American citizens to back billions of dollars in bad loans, it amounts nothing more than taxation without representation. When he was originally asked about the affair Schumer refused to comment personally, instead he sent a spokesman out on his behalf to deny the allegations, "IndyMac's downfall was inevitable after years of high-risk lending."

That is true, but Schumer, Dodd and Frank were the Chairmen ultimately responsible for Federal oversight of IndyMac, Fannie Mae, Freddie Mac and others; they willingly allowed all this to take place on their watch just for the eventual political gain. Not to mention they helped lead the charge in 2003 and 2005 against at least two bills that could have helped prevent some of the current economic woes in the US.

Alas, it was all too tempting for those three morons to reach for the brass ring of congressional power by screaming about the Iraq war when the real train wreck that was about to derail and demolish our economic prosperity was just around the bend and in sight.

Tags: congress, bank, banking, failure, bailout, bail out, AIG, indymac, fannie mae, freddie mac, Fannie Mae, Jenny Mae, Freddie Mac, schumer, dodd, pelosi, frank, barney frank, charles schumer, chucky schmucky schumer, mark levin, chris dodd, barney frank, loans, default, foreclosure, home loans, mortgage lending, receivership, conservatorship, bank run, run on banks, black monday, indymac, government bail out, government, truth in lending, mortgage recovery, george bush, john mccain, mccain, obama, palin

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Originally published on www.barnhartblog.com