18th Congressional Candidates Talk About Bailout

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18th Congressional Candidates Talk About Bailout

By Jeff Muniz

The blame game is going around Capitol Hill Monday night after lawmakers balk on the bailout bill. The U.S. House rejected a 700–billion–dollar bill to bailout the nation's struggling financial institutions.

But how would the three area candidates wanting to be in Congress would have voted on the bill.

Both the Democrat and Republican candidates for the 18th District Congressional seat say they would have voted for the bailout bill.
The Green Party candidate would not give a definitive answer only saying it made him nervous.

All the candidates had concerns about the biggest bailout in U.S. history.
And none of them supported the original 700–billion dollar plan that virtually was a blank check.

"Those questions I did have, have been answered. And as distasteful as this bailout is, I could and would vote for this package," said Democratic candidate Colleen Callahan.

"Something has to be done. To do nothing in this case, absolutely nothing, would wreak havoc on our economy in this country," said Republican candidate Aaron Schock.

"The precedent that it's setting is a bigger concern to me. 46 We've had this free–wheeling sort of atmosphere that almost anything goes in the financial markets," said Green candidate Sheldon Schafer.

Callahan and Schock agree with Schafer in not liking the government bailing out bad businesses. But, the latest bill had strings attached to the money.

"We are now having an ownership in these companies. We shouldn't just have to take the risk, but we should also be able to share in the rewards when things turn around," said Schock.

While the Peoria area has not been hit as hard by economic downturn, Callahan says this bailout is needed.

"While you are representing your district when you are elected to Congress, you are asked to make decisions that impact the country and the world. This is a decision that impacts the country and our view in the world," said Callahan.

That was indicative in the Dow as it dipped nearly 780 points...the largest one–day drop in history.

"This may be a necessary measure. On the other hand, it shouldn't have come to this," said Schafer.

What these candidates do know is that with about a month left before the election, the hot topic on the campaign trail will likely be the economy.

Tuesday, Sep 30 at 7:12 AM Darci wrote ...

I agree completely with you Dorothy!

Tuesday, Sep 30 at 5:24 AM Dorothy wrote ...

We no longer have a government by the people for the people. It has become a government by the politicians for the central bank, big corporations and wall street. It's time for a major overhaul to how our government works. Stop throwing good money after bad, and allow the common man to decide how our taxes are spent. Take it away from the politicians who are favoring porkbelly lobbyists. Put all that wasted money back into the pockets of the common, hard working men and women of America.

Monday, Sep 29 at 6:02 PM Roy wrote ...

I agree with the rejected bailout due to the fact that the people on wall street caused this to happen with there greed rising gas and cost of living so high that people can't afford to live or pay there bills. If wall street wants to stop this why don't all the Investors take there richs and help the economy out, instead of wanting the nations poor hard working people to bail them out. I hate to say this but only thing this equals to is the RICH wanting to stay RICH by the goverment bail out

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