McCotter: Republicans Oppose the Paulson Splurge

[UberSciFiNerd]

GREAT SPEECH! HEAR, HEAR!

[Dewdaahman]

relieve all debt and return to a goldbacked currency..

[JK68LC]

So this guy respect GW although he knows very well that Bush and paulson very well know that they are fleecing america. This guy is very smart, yet he pays repect to a crock and he knows they are crocks. Yet he pays respect. Too bad that this republican cannot be trusted either.

Republicans cannot be trusted. They are all accomplishes and political bulldogs.

[blotchy67]

So, we should take advice from someone who probably has a 7th grade education? Do you have something against good grammar and syntax? Stop watching CNN! Look who was in power during times of prosperity and significant economic growth(the late 1800's, the 20's the 50's, and the 80's). Which president saved the union when it was about to split in half? In the over 200 years that we have existed Dems I talk to can only cite FDR as someone who did anything of any importance.

[JK68LC]

May the republican never rule this country again. They cannot be trusted.....

[JK68LC]

And this is why Bush, Paulson and greenspan should be in jail. This guy is a REAL republican.

We can not re-float the bubble to save wall street.

Bush in Jail. Paulson in Jail. Greenspan in Jail.

[EasyE38]

Mccotter is not a puppet for anyone, he speaks for himself, he's awesome..... This is the way it should be, i love the way he stood up to GW....

[Gizuaga]

seen it yesterday! lets chat

anyone want to chat 8H

[7hardcandy]

funny video lets chat

someone want to chat rs

[ucire37l4]

Thanks to the Federal Reserve, Democratic and this chicken hawk, Rep. McCotter.

Obama and McCOTTER ARE Federal Reserve/CFR/AIPAC puppets.

[SunnyDaysRFun]

OH MY HELL..The bail out is ORCHESTRATED for the future planning bankruptcy of the USA. Upon the annoucement of the bankruptcy, gov. workers will be told they have no job anymore, however they will be told they won't loose their jobs if they sign the Uinted Nations document and become employed by the UN. They will be told it will be temporary. You will also be given a chance to turn in your money for the new Amero dollars. And that's the end of the USA! Thanks to the federal Reserve & Bush

[SunnyDaysRFun]

OH MY HELL..The bail out is ORCHESTRATED for the future coming bankruptcy of the USA. Upon the annoucement of the bankruptcy, gov. workers will be told they have no job anymore. However if they sign the new Uinted Nations document and except employment by the UN, they can keep their jobs while being paid by the UN. They are told it will be temporary. You will also be given a chance to turn in your money for the new Amero dollars. And that's the end of the USA! Thanks to the federal Res. & Obama

[McJillie]

I WILL vote for McCotter - an extremlely articulate, passionate and impressive man. I believe he'll one day run for President. However, I think we do need this bill passed. I want something in it to protect homeowners, stop foreclosesures. I want to keep my job, my home...I need congress to act. Under normal conditions, I'd be against it.But I live in Michigan, and work in new construction (which makes up about one-third of US economy), and I KNOW that our nation needs this unprecedented action.

[SunnyDaysRFun]

McJillie There is not ONE thing in the bill that will stop foreclosures. The new bill will make things more dire in the few more years. You speak as though you like McCotter, did you LISTEN to what he was saying and why???

Who are you reallly? Are you profiting off this bill? I think you are!!

[McJillie]

SunnyDaysRFun,

Yes, I listened to McCotter and YES I do like and admire him. No matter how he votes, I'm supporting him! You see, I don't think there is an economist to date who knows how to fix this situation. My hope is that, down the road, there will be some ammendment to this bill that'll help homeowners. I read somewhere that about 2% of a portion of that bailout would go toward the subprime fiasco. I won't presume I know the answers. None of us know the precise solution to this nightmare.

[synthpopclassics]

mccotter for president!

[PatriotWriter]

I am proud of the strong spine of Rep. McCotter and of the folks who elected him. How refreshing to have a clearly thinker, grounded in American history, at the microphone. Inspiring!

[ruthelator]

Right ON! Socialism in the guise of artificially propped up "free market" economy = slavery of all hard-working people in America to the state. This is NOT the answer! Those elitist bankers and CEOs who scr*wed up should be massively fined, to bail out their own institutions. Now our government wants to give the corrupt megamillionaires a free ride, a handoout with a bonus: an even more profitable (for them) form of economy: corporate socialism. Forced slavery of all worker bees. NEVER!

[Userduder]

Nice speech.  :)

[phrek75]

I dont know this guy very well or if he is a chicken-hawk, but his speech was great and in interest of the american people, cheers ;)

[midnightflower6]

wow! best speech i have heard in a very long time! this guy should have run for president

[katards]

The Fed already gave 700 billion to companies without congressional approval. Why are they voting on this 7 billion dollar bailout now? So they can say they were against bailouts? Seems like more posturing to me.

[GnosticNinja]

O'Bomber & McPain = Federal Reserve/CFR/AIPAC puppets. Vote 3rd. Party to expose the hoax (s)election scam.

[thumper4str]

McCotter, you tell'em where they can stick that $700 billion dollar bag'o Dung, back-up where it came from!  McCotter for Prez!

[slaol121]

Fantastic speech!  Presidential material?

[visco54]

Look a nother Ron Paul maybe better?

[jman196]

I don't think that's possible :) This guy is good but he is still a war-hawk.

[Nickelodeon2002]

It is folly to compare one good man to another....they have similar beliefs to some extent...and it is the value of a mans ideas that are more important that any man himself.

[visco54]

Great job. You are a great man.

[laree2007]

Thank You Sir, don't stop fighting for us. We hear you, even if Paulson has the President's ear, you have ours.

[dixonblog]

Thank you, 228 members of the House, for voting against the Bailout.

Stock prices tell us that the $700B Bailout would have propped up the DOW by only 500 points. (Down 777 yesterday, up 250 today).

Hey, Government, STOP interfering in the markets. The only reason for a big 777 point drop yesterday was government interference (Bush promising a bailout that never came).

Anyone who is too wimpy to watch a 500 point drop in the Dow should SELL their stocks immediately.

[kalgoblez]

Fire Paulson Quickly! He's spending BILLIONS to help out wallstreet without Congress's approval anyways!

[ai4fu]

Didn't think anyone from MI had any sense at all... Get 'em, boy!!!

[exclusivegear]

i am really getting hope people. understand what this bailout plan denial means. it means that over half of congressmen wont go along with bushs plan.this shows people are changing their views and realizing bushs plan to ruin america and create martial law.look at the recent bush and paulson interviews and you can see they are scared.they didnt expect the 700 billion to get denied.things are not in order as they planned and they see the people are going to take them out of power very soon.

[almagoh]

WAY TO GO

[FatBird11]

The Democrats have gotten as pathetic as the Republicans. We are all so screwed!

[mightisright]

They can go both suck an egg. Where's Osama when you need him?

[FatBird11]

Just some presidents off of the top of my head.

Warren G. Harding(Republican) - Teapot Dome scandal

Herbert Hoover (Republican) - Great depression

Calvin Coolidge(Republican) - product of Harding's corrupt administration

Richard(Tricky Dick) Nixon - *sigh* Where do we start? Campaign fraud, political espionage and sabotage, illegal break-ins, improper tax audits, illegal wiretapping on a massive scale, and a secret slush fund laundered in Mexico to pay those who conducted these operations.

[PatricHenry]

can't you see that now there is no difference in parties? Only the dems are voting for Bush's bailouts. The republicans are fighting bush, but the dems are goose stepping with Bush. Have the years of watching the TV blinded you that much??

[FatBird11]

Did you not read my comment?? I said they are equally bad. I said: 'The Democrats have gotten as pathetic as the Republicans. We are all so screwed!' I was a staunch Democrat. I will now vote Independent for the first time in my life. All of the years of watching the TV have opened my eyes to the fact that we are at the control of lobbyist affiliated with BOTH sides.

[FatBird11]

*has opened my eyes*

[1helluvaguy]

It appears that neither candidate has the spine to oppose this.

[FatBird11]

I agree 1helluvaguy. We need to start a new slogan. It could be, You need a spine, to be a politician of mine.

[FatBird11]

Ronald Regan(Republican) - recession

Bush 41(Republican) - recession

Clinton(Democrat) - surplus

Wee Bushy(Republican) - financial doomsday

[ritwingr]

WOW!!! I thought every Republican in DC has lost his balls.

Here's one, at least who hasn't. Three cheers for Congresscritter McCotter!!!

[laree2007]

McCotter there still are American Heroes. Show the Ruling class, how we get it done back home!

[Spectreman]

Yesh!!! Pelosi can suck it!!

[usajesus1]

A true hero making the right call! Too bad most of the congress doesn't have the guts of this guy!

[ohmannhey]

Fantastic! The man is a hero!

[stunned123]

Very well stated, McCotter!

[stevebully]

Republicans talking like they are so angry at Bush. Thats funny "it was all good just a week ago rite". Politicians are jokers.

[PatricHenry]

the Dems voted for this bail out, not the republicans. Wake up there are no parties any more. It is called a double bind in psyops. You think you have a choice, but you really don't. Didn't pelosi and crew take the house to end the war? well? they all voted for the war. Look up Ron Paul on you tube and watch his videos. The revolution will not be televised.

[FatBird11]

You refer to the psyops terminology of the double bind. I like to think of them as simply playing "good cop, bad cop" with the people.

[xsleef]

He probably had his fingers crossed.lol

[Jacob4Freedom]

He's almost there. Now he deeds to understand how our foreign policy also mirrors that of stalin and mao, and how that affects our economy. Republicans are only seeing one side of this thing. They need to take a look at the bigger picture. But, as I said, he's almost there.

[b5thomas7]

We need to look to the root of the problem in the form of central banking and fiat currency, but McCotter is better than most. Props for stepping up.

[brookeandvincent]

Do you REALLY understand the "gravity of this situation", Mr. McCotter?

•That what was once constitutional money backed by precious metals is now just debt to a private corporation backed by the blood, sweat and tears of American taxpayers, and that 96% of the dollar's value has been squeezed out of Americans by the FED since 1913 and siphoned off to the rich?

•That fractional reserve banking and its sidekick "fractional reserve accounting" (i.e. Enron) has created ALL of the "bubbles"?

[vinnym24]

This financial crisis has forced some Republicans back to their Conservative roots, soon they will see the mistakes of the Neoconservatives and part ways, hopefully it's not too late to save our Republic.

[riceowlex]

McCotter be a real man tell these criminals that you'll agree to this funding provided the Federal Reserve is either eliminated or privatized after passage. BTW Bush is a criminal and you've followed him in lockstep.

[stevebully]

Amen

[CruiseCarter]

If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks...will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs." Thomas Jefferson

[playfyte]

What one must understand is that they do not even come close to giving a damn about the prosperity of the AMERICAN family. How could they? These kind of people have been so insulated from from the rest of our society for so long that they have become totally desensitised to us. They no longer represent us. They only represent themselves and their own interests. End of story. Roll credits. We are being led down a path, step by step, to a society where only a few powerful people matter.

[ronpegt]

Poor, 1hellavguy all alone in Massachusetts. You suffer soooo.

[jaif4]

what's the use of speaking your mind after the fact, McCotter sided with Bush while Bush was fucking up the country and this $700B is gone, McCotter knows that, think about it, is it Ellection time for him? he just wants to get ReEllected fool.

after this last eight years, asking for four more is just stupid and an American sucide.

[bajoho]

So right. He and the GOP (Grand Old Phonies) were yes-men/women to Bush for 8 years and NOW they wake up? Bull. All of congress is up for re-election every two years, so yes, there is a great deal of self-interest here. But speeches like this manage to fool a lot of suckerz.

[jackfruit22]

McCotter-spoke his mind, not afraid of the wall street cronies. True hero!, Earned my Respect.

[jaif4]

Looking back did George W Bush, help communist China and oil rich Muslims country?

The American Economy is troubled.

Oil prices are going up like crazy.

He borrowed money from China close to a trillion dollars.

While he was busy fucken up the country china managed to space walk.

Iraq's government is enjoying a surplus of $79 billion

Now for the last knock out punch he delivered a $700 billion punch.

this guy talking shit voted for Bush twice now is the time for you to shut the fuck up.

[jjsleeper]

I love this guy!! And I am so proud to say that he IS my Congressman!! We need about 200 more just like him in Washington, DC.

[dasche]

ditto - on wishing there were more like him

[ronpegt]

You Rock!

I wish the 5th district had a Congressman.

We just have Kildee.

[1helluvaguy]

Don't feel bad. I live in Massachusetts.

[ronpegt]

Poor, 1hellavguy all alone in Massachusetts. You suffer soooo.

[zoobaloo07]

One more comment. Up until a couple years ago there wered financial companies pushing adjustable rate mortgages (what they called "smart ARMs") and interest only mortgage payments, the latter of which was foolish for any consumer to get hooked into, yet many people did. I've heard it said that the crisis we are in results from a crisis of common sense, and many financial companies were providing the hooks baited very nicely. Personal finance should a required course in high school.

[zoobaloo07]

I have always been a supporter of McCotter and I am proud of him for standing up against the bailout plan here. I don't fully understand all the details involved in this plan and the problems that got us here, but I agree that if any money is spent, it needs to be kept from the executive leeches that helped create this mess. The money needs to go toward helping Americans keep their jobs, pensions, etc. and to help businesses, particularly small businesses, that rely on credit to stay afloat.

[lavalampluva]

You think any other of the GOP will want to sit next to him in the Capitol cafeteria?

[PatricHenry]

Ron Paul sits with him all the time....

[snowcloud]

STANDING 0, Congressman!! Thank you!

[zoltman1]

I agree with Congressman McCotter! From someone who is cynical about all three branches of government, it is refreshing to see an elected representative who is actually fighting for the interests of the American people, not the special interest groups from Washington, DC or Wall Street. Mr. McCotter, I wish you God's speed.

[y0kkles]

Amen. This guy always gives a great speech and is on the right side of issues. I wish more republicans would start acting like him.

[darksage69]

1rtypl - "why would republicans want to distance themselves from God's selected President Bush." God's selected bush? wtf are you talking about?

On topic - This speech was amazing

[mach77777]

With all the evil and corruption let loose in the world it is easy to loose heart.

But here is grace. This is where it says "enough!". It destroys lies and confusion with clarity of truth.

It is so, because grace has no hidden motive; virtue is its own reward.

And this man carries it in spades.

[tooomp]

The Federal Reserve was given the responsibility of maintaining the U.S. money supply. Under Paulson they have failed. They still have 2% points that interest rates could be lowering rates which they control, adding much needed cash into our credit crunched economy; they come to congress demanding $700B. The Federal Reserve should have it's charter taken away and given to the Treasury dept. No president would allow the treasury to create either inflation or recession.

[1rtypl]

not all republicans are stupid. Just those who voted for bush and now intend to vote for bush/mcCain.

[snowcloud]

1rtypl, Bush isn't running, you dope.

[zoobaloo07]

You must mean McCain/Palin, or do you?

[1rtypl]

here's a solution. Get rid of the republicans.

[Stinkerstien]

HERE HERE!! Now THATS a LEADER!

[1rtypl]

why would republicans want to distance themselves from God's selected President Bush.

And If you don't like communists stop begging communist china for money, hypocrite.

[8stainless]

This is the most intelligent assessment of the problem and solution that I've seen to date. Taxpayers should not be bailing out Wall Street, but the free market can and will make the necessary adjustments. The attempt to bulldoze through the $700B package is nothing short of theft from every working person in this country. I hope the House Republicans are successful in materially changing this proposal.

[Cagirlde]

Here's the solution:

You change the Mark to Market rule in the Sarbanes-Oxley bill. This is what killed Merrill Lynch. Plus you extend FHA insurance temporarily to sub-prime mortgages. Most sub-primes will not foreclose. This way the bail out will be reduced from 700 billion to 40 billion and the government (taxpayers) will not own mortgages. We will insure mortgages that are to be paid back to the government if they need the money for bad loans. This is solve 60% of the problem.

[raypsi]

You solve the problem by executing by hanging the people responcible and this will never happen again. In China they shoot them in the back of the head with a .45

[juanita4748]

Welcome to reality, Tool.

[EricJaffa]

He wasn't real clear on what he wants Congress to do (besides reject the Bush plan.)

[tseidl]

give me a break, this manufactured outrage is a calculated ploy to allow republicans to distance themselves from Bush and act like they're doing something,because they know the deal will be struck and they can deny their own culpability in the mess they made in the first place. And their voting base will eat it up, because they rarely remember that their party has been in a position to do something about this for years, and did not.

[daja2k]

It hurts when you're railroaded doesn't it, McCotter? Welcome to your party's America. Hope you had a nice eight year nap.

[joeblowmha]

good shit thad

[Cassadine1966]

These morons marched in lockstep with Bush for the past 8 years, approving ANYTHING he asked for, for the betterment of the country or not! NOW they're going to actually stop kissing his and Cheney's asses and stand up to them? Sorry, dickheads...too little, too late! You let this fire start and now you don't want to part with the piss you need to put it out!

[PatricHenry]

more dems voted for this than republicans? Do you have a very low IQ or something??

[cornbreadjunkie]

Geez, where the fuck have house Republicans been for the past 8 years.

They supported a tool in the executive office for 6 friggin' years as the majority party.

This is the same BS that the administration has been pulling from day one. "If you don't allow us to bomb Iraq, we'll die. And we have to do it now."

[MacGhil]

Thank you!

[helzapoppn]

Well, if you're gonna go down in flames and be utterly disingenuous towards the very people Republicans supported during their deregulation spree...

...might as well do it with loud words and a little podium-banging.

McCotter is the biggest pseudo-intellectual in the House, with a name more appropriate to the villain in a Charles Dickens novel.

[Shtove]

Ha ha! American democracy still has balls. Pity that house is always so empty.

Good Irish name.

[Guins877129]

SAY IT LOUD SAY IT PROUD !!!!!!

[petehuss]

Rep. McCotter for president.

I wish was still living in Michigan, so I could vote for this guy.

[belgianales]

YES YES YES YES YES YES YES YES YES YES YES!!

An American legislator who CARES.

Send him an email, fax or phone him with your support!!

DON'T GIVE UP NOW! STAND UP FOR YOUR RIGHTS, YOUR COUNTRY, YOUR FAMILY!!!!

[peronetgrei]

Who was that unmasked man?

Outstanding. Absolutely outstanding.

[zeussquat]

thank you for believing in the people and expressing their concern about the corruption that is destroying a way of life so that a few can continue to gouge themselves, while many are struggling to survive.

[raiman]

McCooter?

[iglooworkshop]

Wall Street Should bail out Wall Street!!!

[gridflash]

"Wall Street Should bail out Wall Street"

Fax this guy a Thank You: 202-225-2667

[Montagraph]

Damn, he told them BUSHTARDS a thing or two! Right the fuck on! 5*S and added to favorites!!!

[savvyconsumer7]

Thank you, Rep. McCotter! Please stop the bailout and the socialization of our free market economic system.

The House Republicans rock!

[ircjunk2004]

Hear! Hear!

[opusprime6]

That guy is creepy as hell, but he's spot on. About time the Republicans woke up. Now, if we could just get rid of all the religious, sanctimonious garbage, we might have a party.

[kamikaze1067]

Couldn't have said it better myself!

[efitzge76]

If this wasn't just lip service, this guy is right on the money. I hope this idiotic bill NEVER makes it through, and I hope McCotter sticks to his guns on this issue.

[ReginaldL]

Man, that was awesome!

[abieda123]

I want a representative like him in my district. Matter of fact, I want a whole house/senate full of them!

[Neewbtrader]

Preach on brother!

[truthouch]

Amen as well!!

[redstackofrock]

Amen, brother!

[mkellyrock]

Wow. I trust this guy. Can't say the same for Paulson, Bush, and Bernanke. They've lied about this mess since day one.

[tuwood]

well done

[digitalmeister]

He's my Congressman and we can only hope that other congressmen could be like him. He is really in touch with his people and is most responsive to his constituants. Sir you are to be congratulated!

[GaTiger11]

Awesome speech. Good job, congressman, and thank you for sticking to your guns.

[kevkro64]

I agree. No Bail Out. Let the market correct itself.

[silentonall]

The dude is awesome....he yields back with such disgust.