Politics - Bailout Fails: How They Voted

Voting FOR the bailout: McCrery and Melancon. Voting AGAINST the bailout: Congeressmen Alexander, Boustany, Cazayoux, Jefferson and Scalise.

Statement from Cong. Cazayoux:

“Today, I voted against the Emergency Economic Stabilization Act. While I commend leaders from both parties for working together on this legislation, I could not in good conscience make American taxpayers liable for the excesses of Wall Street. Giving Wall Street $700 billion in taxpayer money that we don’t have while our national debt is approaching $10 trillion and growing is not the answer to curing the challenges our economy faces.

“It is clear that problems in our financial markets have been allowed to grow for too long. Wall Street needs real reform that puts the focus back on smart regulation and oversight; not an expensive band-aid that will not address the underlying issues. This legislation is an insufficient short term solution to a problem that has far-reaching and long term implications. I will continue to work with members of both parties to find a solution that works for the American people.”

Source : Newsradio