Pete Sessions casts "yes" vote for revised bailout

Despite phone calls and emails from constituents asking him to vote against the bailout, Pete Sessions voted yes to the revised bailout plan (see H.R. 1424, Roll No. 681). If anyone has an explanation of why he voted for this bill--other than to support President Bush--please post it in the comments box. Meanwhile, let's see what Ron Paul (TX-14) has to say about it:

Madame Speaker, only in Washington could a bill demonstrably worse than its predecessor be brought back for another vote and actually expect to gain votes. That this bailout was initially defeated was a welcome surprise, but the power-brokers in Washington and on Wall Street could not allow that defeat to be permanent. It was most unfortunate that this monstrosity of a bill, loaded up with even more pork, was able to pass...

...The money for this bailout does not just materialize out of thin air. The entire burden will be borne by the taxpayers, not now, because that is politically unacceptable, but in the future...

...As usual, Congress has show itself to be reactive rather than proactive. For years, many people have been warning about the housing bubble and the inevitable bust. Congress ignored the impending storm, and responded to this crisis with a poorly thought-out piece of legislation that will only further harm the economy. We ought to be ashamed.

For the entire statement, visit Ron Paul's website.