Collins speaks on bailout
U.S. Sen. Susan Collins, R-Maine, spoke late this afternoon on the floor of the Senate to express her support for the retooled $700 billion bailout.
Collins said it is worth supporting "to prevent catastrophic consequences for our entire economy."
Collins, who is facing a challenge from U.S. Rep. Tom Allen, D-Maine on Nov. 4, said she pushed for changes to the proposal so it would include taxpayer protections, limitations on CEO pay, and oversight.
She talked about small business owners, young couples, auto dealers and older workers who have watched their retirement savings lose value.
"I share the anger of many of my constituents over this crisis," she said. "I subscribe to many of the principles they invoke."
Earlier this week, Allen voted to support the House version that failed.
If she shares our anger, why did she vote "aye?She, Snowe and Allen do not represent us. Michaud was the only one to stand up for his constituents, and I suspect he will cave this time around.
It is a sweetheart deal for the lobbyists. 400 pages, imagine the taxpayer's bill for this. Government in general has become a spend and tax outfit.
Posted by
Norton WebberOctober 2, 2008 05:14 AM
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