Did Baron Hill Get a Pass From Pelosi To Vote Against the Bailout?

It was reported all over today on the cable news channels that Nancy Pelosi “allowed” certain congressmen who were in tight re-election races to vote against the bailout bill (apparently there were more tight races than she thought).  The Sodrel campaign release the following presser questioning whether Baron actually voted in good faith or because he got a pass from the General.

SODREL SAYS HILL GOT A PASS TO VOTE AGAINST BAILOUT

(Jeffersonville, IN) – Congressional Candidate Mike Sodrel today made the following statement regarding the bailout vote:

“Congresswoman Nancy Pelosi does not want to lose her position as Speaker of the House. She has allowed vulnerable Democrat members like Baron Hill to vote against the $700 billion bailout. Apparently she believes House Members Brad Ellsworth and Joe Donnelly are safe as they voted for the bailout.

(Read more after the leap)

We expect the issue to be voted on again this week. Someone who stood with the majority that defeated it will bring it back for reconsideration or it will come back in a different version.

My dad always said, “Son, you can’t borrow your way out of debt.” The taxpayer doesn’t have $700 billion dollars. The taxpayer owes almost $10 trillion. They will owe more than $10 trillion if this deal is eventually approved because they will have to borrow another $700 billion in addition to the $400 billion deficit this year.

Government acquisition of private enterprises when it occurs by ballot is called socialism. Government acquisition of private enterprise when it occurs by bullets is called communism. There is little difference in the end result, the former is just less violent than the latter.

The United States Constitution is a document designed to limit the power of our government. To give virtually unlimited power to a cabinet secretary would have to create Constitutional issues, not to mention poor judgment.

I do not believe government should restrict salaries or bonuses of executives leading successful organizations. I believe the shareholders, lenders, and others should be able to recover a large portion of management compensation for those who brought their firms to failure.

I support an immediate suspension of the Capital Gains Tax for a period of two years, an increase in FDIC Deposit Insurance and suspension and/or modification of “mark to market” accounting rules. Longer term the GSE’s need to be sold and the Fair Tax (HR 25) scheduled for debate and vote. I’m certainly open to discussing other options that do not require the taxpayer to borrow $700 billion.”