Ginny votes No!

The following excerpt is from Congresswoman Ginny Brown Waite. This is the actual text of our congresswoman's presentation in the House just prior to the vote on the bailout for the automobile industry last night:

Brown-Waite, G. (R-FL): “I thank the Gentleman and I thank you, Mr. Speaker. Mr. Speaker, there's an old saying that the road to hell is paved with good intentions. “And I think today we realize that the well-intentioned road may lead to bankruptcy. Not just for the automakers, but perhaps for the U.S. Treasury. Today we've heard from well-meaning Members of this House that unless we send $15 billion to the Big Three, the American economy will fail. I don't doubt their sincerity but do I disagree with their conclusions. Some of my constituents support the bailout, but most of them don't. As you can see from the picture next to me, the American citizens are hurting right now. The car in this picture is a Dodge Dynasty and by the way, this car has not been produced since 1993. So you can understand the angst of the car owner who realizes that his hard-earned tax dollars and those of his children and grandchildren are going for these bailouts. His message is very clear. Where’s my bailout? The bill before us today does nothing to address the real pain being felt by American citizens. Nothing helps to lower health care costs or protect the mortgages on their home. I’d also like to say that we had again a rush to judgment, a rush to bringing the bill to the floor and we need to be concerned about that process. Please remember that Chrysler is a privately-owned entity by a massive hedge fund firm in New York City. This hedge fund firm is not willing to invest one cent more in Chrysler. And yet we are asking our cash-strapped taxpayers back home to do it for them. Like we saw with the last bailout boondoggle, there are not enough safeguards here. We have to remember, too, that the loan and the conditions that are attached to it do not correct the structural weaknesses at these companies. It merely postpones the consequences for a short while. They’ll be back for more and more and more. This loan policy also continues the tragically flawed policy –