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By John Mulligan WASHINGTON -- U.S. Reps. Patrick J. Kennedy and James R. Langevin, both Rhode Island Democrats, joined a 263-171 House majority this afternoon that passed the bill to rescue the financial markets and expressed hope that the legislation will soon begin to calm the economy. "The overall bill was designed to bring stability to our financial system and particularly to the credit markets" that many Rhode Island businesses and citizens rely upon, Langevin said minutes after House members applauded the majority vote that sent the rescue package to president Bush for his signature. "If this would have been just a bailout for Wall Street, I would have been the first one to vote no," said Langevin. Kennedy said he has heard worrisome anecdotes from constituents in recent days "with everything from investors not being able to invest in businesses -- which means that jobs can't be created -- to kids who may not be able to go to school because they cannot get student loans for college." In the long term, Kennedy and Langevin both said that the rescue package will prevent financial difficulties for municipalities and states, which also rely on the flow of credit. While stressing that Rhode Island has encountered no such problems, Langevin said reports about debt retirement deadlines facing the state of California have served as a warning to officials elsewhere. For Kennedy, there was a dose of personal satisfaction in this afternoon's House action. Attached to the financial rescue package was his signature legislation to improve medical insurance coverage for the mentally ill. "So we made history today not only in saving our financial system but also in passing mental health parity for millions of Americans," Langevin said in praise of his fellow Rhode Island Democrat. Asked whether he was relieved by the passage of complex rescue package produced after almost two weeks of marathon negotiations in debating sessions, Kennedy replied, "There is no relief. People are losing their homes. They are losing their jobs." Kennedy said the repair of the economy may take a long time. Now that the rescue package has passed, "Hopefully, this will help mitigate the downturn in the economy and alleviate some of the people's pain." CommentsLeave a comment |
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US Congress (Senate & House) members;
I oppose the economic recovery bill /. Bail Out as presently fashioned. The idea of it as well as the details in its implementation is unacceptable and in all likelihood unworkable. Both the first house bill and the Senate version finalized contains PORK and ear marks. This is a collection of partisan payoffs for addressing your congressional failure to protect the people’s interests. Moreover you in congress have failed in your responsibilities to the citizens that you represent and our nation. Finally you have even further endangered our Nation by your engaging in SPIN rather than tell the truth as to both how we got into this mess and the cold facts as to the realistic total cost of resolution.
Today with the WEB based resources even the average citizen can become much more informed from a plethora of independent sources. We have concluded that both parties had their hand in this great noble Social experiment of Liberal Largeness. When the time came to correct the mismanagement mess of this Noble Social but greatly flawed undertaking - the Dems played the very clever insiders blame game. Yes, while at the same time demanding even more monies to be distributed to their extreme left wing Org benefactors including ACORN etc. Fortunately that dog did not hunt thanks to the BI Partisan rejection of the first attempted plunder bail out bill by some house members. We know that the Great Society of LBJ started the final melt down. The end of the final melt down preparation was Bill Clinton and both Congressional houses / Dems and Republicans Bi Partisan drinking at the public Lobbies and PAC finical rewards watering hole. Yes, we have reviewed the several twists and turns along the way in congress. Why is it that you can not or will not tell the truth concerning either the failed Noble but flawed great social experiment and, while you were on watch, the companion subsequent great plunder of our collective wealth by Wall Street? Clearly no viable resolution can be fashioned until this is accomplished. The house speaker says an investigation is required to figure this situation out. We see this as just more SPIN and perhaps even an attempt at next additional BI Partisan cover up?
This solution fashioned to date is a very large REACTIVE RESPONSE (yes, finally action was correctly forced on congress) by the executive branch of government due to extenuation circumstances beyond their control and or perhaps even full understanding? Yes, and not a clearly defined pro active PLAN FOR closure going forward. THE FACTS HAVE BEEN even further DISTORTED by those in both the Wall Street & the Washington DC loop SO A VIABLE SOLUTION CAN NOT BE FASHIONED. The BI Partisan but flawed Social programs liberal Largeness and companion Bi Partisan mismanagement and lack of oversight plus greed that caused this mess continue.
Tomorrow, to plug this growing finical gap the government might next, we have good reason to fear, attempt to finish the theft of citizen’s savings, IRA and 401 K accounts. Such emulating the already accomplished theft of the Social Security trust funds.. Such followed by an increase in the ongoing theft of both working and retired citizen’s pensions & companion benefits of any and all kinds private and public. Yes, even today accelerated by lack of timely and aggressive enforcement of the laws of congress by several government agencies put in place for such purpose including EEOC et al..
Today, clearly going forward the internal dangers to the USA might be just as or even more significant as the external dangers. Only a return to eternal vigilance by the individual and informed citizen coupled to a cleansing and renewal of the people’s government can honest correction and reform be successfully addressed? Such is already started by very CREFUL SCRUNITY OF election CANDIDATES. This TOWARDS replacement of our elected officials in the next national elections can start to restore confidence. This critical process can be enhanced by the resignations of those elected members in both houses of congress on watch and responsible for the present situation. I respectively ask you (each and every member of congress) to Please carefully examine your past behaviors and consider doing such if warranted. Clearly if warranted your individual and collective resignations from the peoples government - can in fact speed the very necessary congressional renewal of creditability and critical recovery process. Moreover save the cost and time of lengthy and painful investigation for both you and our country etc.
In the meantime I encourage each and every citizen to very carefully consider writing in their own name on the election ballet. Yes, specifically where a candidate sharing your fundamental outrage and priority for immediate reform and even fear of the alternatives. Can’t yet be identified.
May God Bless America,
William F Horan Middletown, RI
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