Friday, February 13, 2009

H.R.1--Pete Sessions casts "no" vote

As predicted, Pete Sessions voted against HR 1, which passed the House on a near party-line vote, 246 yea and 183 nay, with 7 Democrats crossing the aisle to vote against it, and no Republicans voting in the affirmative. (See Roll No. 70).

From Congress.Org:
The House agreed to the conference report to accompany H.R. 1, making supplemental appropriations for job preservation and creation, infrastructure investment, energy efficiency and science, assistance to the unemployed, and State and local fiscal stabilization, for fiscal year ending September 30, 2009, by a yea-and-nay vote of 246 yeas to 183 nays with 1 voting "present", Roll No. 70.

1 comment:

John Peterson said...

I'm glad he did.

I know there are those out there that believe a massive intervention in the economy is the only thing that can save us. Those that believe in the Keynesian multiplier effect where $1 in government money can turn into $1 + X in benefit.

However, there are those out there that believe that government will only exacerbate the problem by continuing the mis-allocation of resources in our economy. Where $1 in goverment money turns into $1 - X in benefit. Count me in the latter camp.

Even if things improve in the short term through massive influxes in fiat currency and government intervention I firmly believe in the long run this will cause more problems than it solves. That this "stimulus" will continue the problems that got us into this mess.

I do like Mr. Obama's tone, civility, and genuine desire to fix the problem. However, I vehemently believe this is not the solution and I'm glad Mr. Sessions agrees with me.

Feel free to discuss here. I can come back with more articles later if this thread gets going.