NC Congressmen Talk About Bailout Bill’s Future | Politics.MyNC.com

NC Congressmen Talk About Bailout Bill’s Future

Posted on 30 September 2008 | Jennifer Wig

NC Congressmen Talk About Bailout Bill’s Future From NBC17

BY Steve Sbraccia 
RALEIGH, N.C. — One day after the bailout bill failed to pass the U.S. House, a number of members of North Carolina’s Congressional delegation were back in their districts, listening to constituent reaction to their votes.

Nine out of 13 members of our delegation voted against the bailout plan. Three of them were Democrats.

Now, the House is gearing up for another vote on a revised bill. Among the House members NBC17 spoke with Tuesday, some are hoping this next vote will have enough supporters to pass this time around.

But there’s at least one member of our congressional delegation who thinks we ought to just put the brakes on everything and take a careful and deliberate look at the situation.

“Obviously no one likes it,” said Brad Miller, a Democrat from the 13th District. He said he “held his nose” while voting for the bill. Now, he looks ahead.

“I hope leaders on the Democratic side will try to figure out how to get some of the Democrats to come around,” he said. “I think they will come around. The problem is trusting the Republicans.”

Representative G.K  Butterfield is one of those Democrats who voted against the bill.

The 1st District Congressman said, “Right now the leadership has only listened to Treasury Secretary Henry Paulson, a product of Wall Street. We need to get other objective opinions.”

He suggests getting outside information.

“We’re going to talk to other economists across the country who have other opinions about this because they differ in terms of approach and the scope of the bailout,” said Congressman Butterfield.

Congressman David Price said, “I hope we can tweak the bill in certain ways to bring additional votes on board.”

The 4th District Democrat is optimistic Congress can reach a consensus.

“My guess is something will pass within a matter of days. I understand the votes are there in the Senate and I hope the House will revisit this in the spirit of cooperation and urgency,” Price said.

But some Congressman believe the markets can wait until lawmakers figure out the best course of action.

“There are some very difficult problems that need to  be addressed,” said Walter Jones, a 3rd District Republican. “Many of us of both parties feel the way to do that is to hold hearings and bring in experts. Lets sit down and analyze the problems and see how we can fix those problems.”

A vote in the House could come as early as Thursday, but that could change depending on what happens with the Senate version of the bill on Wednesday.

TALK BACK TO STEVE ON HIS BLOG.

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