• Business & Economy
  • Politics & Government
    • Campaign Countdown
      • 2012 Reports
  • Sports
  • High School Sports
    • Football Friday Night
    • Radio Iowa Poll
  • All Topics

Radio Iowa

Iowa's Radio News Network

  • Home
  • Audio Archives
  • Contact Us
  • Reporters
  • Affiliates
  • Affiliate Support
  • PostsComments
You are here: Home / Business / Congressmen Braley and Latham talk about votes on bailout bill

Congressmen Braley and Latham talk about votes on bailout bill

October 3, 2008 By admin

Congressman Bruce Braley, a Democrat from Waterloo, changed his vote from "no" to "yes" on the Wall Street bailout bill which cleared the U.S. House this afternoon. Braley talked by phone with Iowa reporters just before casting the vote, and says the bill includes disaster assistance, business incentives and a boost to "green jobs" that will benefit Iowa.

"This proposal will provide billions of dollars of relief for Iowa families, businesses and communities, and that includes billions of dollars for Iowans that I have long supported," Braley says. Braley says he believes the new bill will lead to more reform.

Braley says other factors that were of a concern were addressed in conversations with Senator Barrack Obama, and public statements of John McCain that the "push to real regulatory reform that’s included in this bill will become a reality under the next administration."

Braley says this is undoubtedly the issue he’s received the most input on from his first district constituents. He says before he voted the first time, the feedback was almost overwhelming opposed to the plan. Braley says after that vote the input was 50-50 on those who supported or opposed the new package. Braley says that change in feedback made him decide to vote for the bill. Republican Congressmen Tom Latham of Ames voted against the bailout bill — just as he did with the first bill.

Latham says he does not believe it’s right to give the treasury secretary a blank check for 700-billion dollars in taxpayer funds and no one knows where it’s going to go. "I believe that without the kind of safeguards that we needed that this money could actually reward the people who caused this disaster in the first place," Latham says.

Latham says there was an alternative that would have been better. He says there was an amendment that was not allowed that would cut the money down to 250 billion dollars. Latham says the treasury can only spend about 50 billion dollars a month anyway, and they could see how it goes and see if it works, and then approve more money. Latham says the amendment would also have cut out all the extras added into the bill.

Latham can’t say if the bill will do what it’s supposed to do. Latham says no one knows if it will actually help, and some economists say it could help encourage more bad behavior by bailing out the people who caused the problems on the backs of the taxpayers.

Congressman Steve King of Kiron also voted "no." Congressman Bruce Braley, a Democrat from Waterloo, changed his vote from "no" to "yes" on the bailout bill. Democratic Congressmen Dave Loebsack of Mount Vernon and Leonard Boswell of Des Moines also voted "yes" to the bill. 


Print pagePDF pageEmail page

Share this:

  • Twitter
  • Google
  • Facebook

Filed Under: Business, Politics & Government Tagged With: Bruce Braley, Democratic Party, Republican Party, Tom Latham

Featured Stories

Appeals Court throws out murder verdict saying jury influenced by social media

Packing 40 years of memories, Iowan heads to Barbara Bush’s funeral

Governor approves new Iowa law on ‘food shaming’ and unpaid school lunch debt

Iowa Senate honors Wally Horn for 46-year legislative career

Clive massage therapist facing sexual assault charges

TwitterFacebook

Former Iowa State coach Earle Bruce dies at 87

Golfers tout economic impact on Iowa

Iowa NASCAR driver pays tribute to hockey team

Morris headlines women’s pole vault at Drake

Brady Ellingson joins Drake

More Sports

Tweets by @RadioIowa

eNews and Updates

Enter your email address:

Delivered by FeedBurner

RSS O.KayHenderson.com

  • Campaign surrogates: asset or liability? September 22, 2016
  • Proposed slate of 2016 RNC delegates from #IAGOP May 20, 2016
  • AUDIO: #IAGOP chairman talks about idea of ‘brokered’ convention March 18, 2016
  • @TerryBranstad statement on Obama nominating his cousin to SupCo March 16, 2016
  • ‘Substantial growth’ in voter registrations for both parties from #IACaucus March 15, 2016

Archives

Copyright © 2018 · Learfield News & Ag, LLC