Thursday, January 15, 2009

Bayh Votes Against Bailout II

Sen. Evan Bayh was among a handful of Democrats to vote to deny President-elect Barack Obama the authority to tap the remaining $350 billion in TARP funds. The Senate voted down the resolution to block the funds on a 42-52 vote. Sen. Lugar joined Bayh in supporting the resolution. We now know that Treasury Secretary Henry Paulsen and Federal Reserve Board Chairman Ben Bernanke completely misled the public about the state of the country's financial system and how the TARP bailout dollars would be used to rescue us from complete disaster. While I supported the original bailout bill, I have quickly come to regret that support. I haven't seen a statement from Bayh on the reason behind his vote, but it is a clear sign he is trying to reposition himself to the center as he prepares for his 2010 re-election race. Now if he would only show some more courage and tell Obama he needs to withdraw Treasury Secretary nominee Timothy Geithner. Replacing the dishonest Paulsen with the tax cheat Geithner offers little comfort to the American people.

3 comments:

artfuggins said...

Bayh and courage do not belong in the same sentence.

Downtown Indy said...

Bayh and senator do not belong in the same sentence.

roger61611 said...

And Bayh wears a wig.

I can't believe Lugar rolled over but Bayh voted for financial caution.

I think more and more Lugar and Bush are of the same ilk, big government goobers, who act one way but govern the other.

Lugar's the King of Corn-Based Ethanol. Lugar doesn't say much against big government. He's the leading proponent of the communist Law of the Sea Treaty. And now Tarp 2.