Dec
28

Rick Santorum -RINO

Richard JohnRickSantorum (born May 10, 1958) is a lawyer and a former United States Senator from the commonwealth of Pennsylvania. He is currently seeking the nomination for the Republican candidate for the President of the United States.

PATRIOT ACT: This Senator voted YES after 9/11 for counter-terrorism efforts which expands the reach of government to bypass our individual rights. This bill created the single largest infringement on our right to privacy as Americans permitting wiretaps within the United States without a search warrant if we make a call outside the usa, giving the government access to American companies client information, including medical records for anyone in the world, the list of infringements goes on and on regarding this over-reaching bill. For a time, the USA PATRIOT Act allowed for agents to undertake “sneak and peek” searches.

To deter and punish terrorist acts in the United States and around the world, to enhance law enforcement investigatory tools, and for other purposes. http://www.govtrack.us/congress/bill.xpd?bill=h107-3162

BANK DEREGULATION: This Senator voted YES on S.900 which was made into law October of 1999. The was a bipartisan bill, and received millions in bank lobbyists money to achieve. In fact, it passed with so many votes, even it had been vetoed by the President, it could have just done another vote to override the veto because it was ‘veto proof’.

What this bill did was permit other industries to own our banks, and it permitted our banks to own other industries. This allowed banks to co-mingle our money in the banks with riskier industries, such as credit cards and insurance, and we all know when it happened. The birth of the credit/debit card rapidly was done by all.

Many claimed the CRA (Community Reinvestment Act) created the bubble, but it is not true. The banks were not permitted to be deregulated in the S.900 unless they became CRA certified. CRA had been around since the 70′s, and more done in the mid 90′s to no avail. The banks simply would not take the risks associated in becoming CRA certified until the carrot of becoming deregulated was dangled in front of them.

An Act to enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, and other financial service providers, and for other purposes. http://www.govtrack.us/congress/bill.xpd?bill=s106-900

Furthermore, this Senator later voted in December for the bill to permit mortgages to be securitized, allowing mortgages to be sold on the future’s market while the bank keeps administrative rights as Mortgage Service Providers. This vote was an oral vote, unanimous.

(Sec. 1208) Amends the Federal Deposit Insurance Corporation Improvement Act of 1991
to increase from 90 percent to 100 percent of fair market value the permissible evaluation of readily marketable purchased mortgage servicing rights that may be included in calculating an insured depository institution’s tangible capital, risk-based capital, or leverage limit, if the Federal regulatory agencies jointly find that such an increase will not adversely affect the deposit insurance funds or the safety and soundness of insured depository institutions. http://www.govtrack.us/congress/bill.xpd?bill=h106-5640

Aug
25

Richard Neal: RAT

Richard Edmund Neal (born February 14, 1949) is the U.S. Representative for Massachusetts’s 2nd congressional district, serving since 1989.

PATRIOT ACT: This Congressman voted YES after 9/11 for counter-terrorism efforts which expands the reach of government to bypass our individual rights. This bill created the single largest infringement on our right to privacy as Americans permitting wiretaps within the United States without a search warrant if we make a call outside the usa, giving the government access to American companies client information, including medical records for anyone in the world, the list of infringements goes on and on regarding this over-reaching bill. For a time, the USA PATRIOT Act allowed for agents to undertake “sneak and peek” searches.

To deter and punish terrorist acts in the United States and around the world, to enhance law enforcement investigatory tools, and for other purposes. http://www.govtrack.us/congress/bill.xpd?bill=h107-3162

BANK DEREGULATION: This Congressman voted YES on S.900 which was made into law October of 1999. The was a bipartisan bill, and received millions in bank lobbyists money to achieve. In fact, it passed with so many votes, even it had been vetoed by the President, it could have just done another vote to override the veto.

What this bill did was permit other industries to own our banks, and it permitted our banks to own other industries. This allowed banks to co-mingle our money in the banks with riskier industries, such as credit cards and insurance, and we all know when it happened. The birth of the credit/debit card rapidly was done by all.

Many claimed the CRA (Community Reinvestment Act) created the bubble, but it is not true. The banks were not permitted to be deregulated in the S.900 unless they became CRA certified. CRA had been around since the 70′s, and more done in the mid 90′s to no avail. The banks simply would not take the risks associated in becoming CRA certified until the carrot of becoming deregulated was dangled in front of them.

An Act to enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, and other financial service providers, and for other purposes. http://www.govtrack.us/congress/bill.xpd?bill=s106-900

Furthermore, Congress later voted in December for the bill to permit mortgages to be securitized, allowing mortgages to be sold on the future’s market while the bank keeps administrative rights as Mortgage Service Providers. This vote was an oral vote with little opposition, yet substantially altered the way mortgages were handled. The entire Senate unanimously voted for it, and it is unknown which Congressman in the House of Representatives did not support it, other than it is known by the way the vote was handled is was almost unanimous.

(Sec. 1208) Amends the Federal Deposit Insurance Corporation Improvement Act of 1991
to increase from 90 percent to 100 percent of fair market value the permissible evaluation of readily marketable purchased mortgage servicing rights that may be included in calculating an insured depository institution’s tangible capital, risk-based capital, or leverage limit, if the Federal regulatory agencies jointly find that such an increase will not adversely affect the deposit insurance funds or the safety and soundness of insured depository institutions. http://www.govtrack.us/congress/bill.xpd?bill=h106-5640

Aug
25

Dean Heller: RINO

Dean A. Heller (born May 10, 1960) is the junior United States Senator from Nevada since 2011. He was previously a member of the United States House of Representatives, representing Nevada’s 2nd congressional district from 2007 to 2011. Prior to that he served as Secretary of State of Nevada (1994–2006) and a member of the Nevada Assembly (1990–1994).

FANNIE MAE/FREDDIE MAC BAILOUT: This Senator voted YES on H.R. 3221. This is the first large bailout bill that stirred the ‘sleeping giant’. The bill cost 900,000,000,000. If it had been the last bill, the ‘sleeping giant’ probably would have just returned to sleep. It was during the hot election where they were battling it out over the war issues, so eyes did not want to turn to the economy, which was in full collapse. Fannie Mae and Freddie Mac were privately run, but this bill bailed them out and returned them to being government run. Like many of the bills since this bill, it was originally called New Direction for Energy Independence, National Security, and Consumer Protection Act, which had nothing to do with the bill it later became in order to bypass original vote limits. http://www.govtrack.us/congress/bill.xpd?bill=h110-3221

Aug
25

Jerrold Nadler: RAT

Jerrold Lewis “Jerry” Nadler (born June 13, 1947) is the U.S. Representative for New York’s 8th congressional district, serving since 1992.

TARP (BANK BAILOUT) BILL: This Congressman voted YES on the H.R. 1424, which was originally passed by the House as the Genetic Information Nondiscrimination Act of 2008. This is unconstitutional because all revenue bills must originate in the House of Representatives first. This bill provided massive loans to failing banks, who were participating in risky loans. This bill is the primary instrument in fully ‘waking the sleeping giant’ of the public because no regulations were put upon the banks to stop them from doing risky loans.

A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.

This is the Senate’s October 2008 Economic Stimulus Relief Bill. This bill was originally introduced in March 2007 and passed the House as the Genetic Information Nondiscrimination Act of 2008. In October 2008, it was co-opted as the so-called “vehicle” to pass the relief bill with an amendment that rewrites the whole bill. The House’s initial vehicle was H.R. 3997, but they failed to pass their amendment co-opting the bill. http://www.govtrack.us/congress/bill.xpd?bill=h110-1424

FANNIE MAE/FREDDIE MAC BAILOUT: This Congressman voted YES on H.R. 3221. This is the first large bailout bill that stirred the ‘sleeping giant’. The bill cost 900,000,000,000. If it had been the last bill, the ‘sleeping giant’ probably would have just returned to sleep. It was during the hot election where they were battling it out over the war issues, so eyes did not want to turn to the economy, which was in full collapse. Fannie Mae and Freddie Mac were privately run, but this bill bailed them out and returned them to being government run. Like many of the bills since this bill, it was originally called New Direction for Energy Independence, National Security, and Consumer Protection Act, which had nothing to do with the bill it later became in order to bypass original vote limits. http://www.govtrack.us/congress/bill.xpd?bill=h110-3221

BANK DEREGULATION: This Congressman voted YES on S.900 which was made into law October of 1999. The was a bipartisan bill, and recieved millions in bank lobbyists money to achieve. In fact, it passed with so many votes, even it had been vetoed by the President, it could have just done another vote to override the veto.

What this bill did was permit other industries to own our banks, and it permitted our banks to own other industries. This allowed banks to co-mingle our money in the banks with riskier industries, such as credit cards and insurance, and we all know when it happened. The birth of the credit/debit card rapidly was done by all.

Many claimed the CRA (Community Reinvestment Act) created the bubble, but it is not true. The banks were not permitted to be deregulated in the S.900 unless they became CRA certified. CRA had been around since the 70′s, and more done in the mid 90′s to no avail. The banks simply would not take the risks associated in becoming CRA certified until the carrot of becoming deregulated was dangled in front of them.

An Act to enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, and other financial service providers, and for other purposes. http://www.govtrack.us/congress/bill.xpd?bill=s106-900

Furthermore, Congress later voted in December for the bill to permit mortgages to be securitized, allowing mortgages to be sold on the future’s market while the bank keeps administrative rights as Mortgage Service Providers. This vote was an oral vote with little opposition, yet substantially altered the way mortgages were handled. The entire Senate unanimously voted for it, and it is unknown which Congressman in the House of Representatives did not support it, other than it is known by the way the vote was handled is was almost unanimous.

(Sec. 1208) Amends the Federal Deposit Insurance Corporation Improvement Act of 1991
to increase from 90 percent to 100 percent of fair market value the permissible evaluation of readily marketable purchased mortgage servicing rights that may be included in calculating an insured depository institution’s tangible capital, risk-based capital, or leverage limit, if the Federal regulatory agencies jointly find that such an increase will not adversely affect the deposit insurance funds or the safety and soundness of insured depository institutions. http://www.govtrack.us/congress/bill.xpd?bill=h106-5640

Aug
25

Ed Markey: RAT

Edward John “Ed” Markey (born July 11, 1946) is the U.S. Representative for Massachusetts’s 7th congressional district, serving since 1976.

TARP (BANK BAILOUT) BILL: This Congressman voted YES on the H.R. 1424, which was originally passed by the House as the Genetic Information Nondiscrimination Act of 2008. This is unconstitutional because all revenue bills must originate in the House of Representatives first. This bill provided massive loans to failing banks, who were participating in risky loans. This bill is the primary instrument in fully ‘waking the sleeping giant’ of the public because no regulations were put upon the banks to stop them from doing risky loans.

A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.

This is the Senate’s October 2008 Economic Stimulus Relief Bill. This bill was originally introduced in March 2007 and passed the House as the Genetic Information Nondiscrimination Act of 2008. In October 2008, it was co-opted as the so-called “vehicle” to pass the relief bill with an amendment that rewrites the whole bill. The House’s initial vehicle was H.R. 3997, but they failed to pass their amendment co-opting the bill. http://www.govtrack.us/congress/bill.xpd?bill=h110-1424

FANNIE MAE/FREDDIE MAC BAILOUT: This Congressman voted YES on H.R. 3221. This is the first large bailout bill that stirred the ‘sleeping giant’. The bill cost 900,000,000,000. If it had been the last bill, the ‘sleeping giant’ probably would have just returned to sleep. It was during the hot election where they were battling it out over the war issues, so eyes did not want to turn to the economy, which was in full collapse. Fannie Mae and Freddie Mac were privately run, but this bill bailed them out and returned them to being government run. Like many of the bills since this bill, it was originally called New Direction for Energy Independence, National Security, and Consumer Protection Act, which had nothing to do with the bill it later became in order to bypass original vote limits. http://www.govtrack.us/congress/bill.xpd?bill=h110-3221

PATRIOT ACT: This Congressman voted YES after 9/11 for counter-terrorism efforts which expands the reach of government to bypass our individual rights. This bill created the single largest infringement on our right to privacy as Americans permitting wiretaps within the United States without a search warrant if we make a call outside the usa, giving the government access to American companies client information, including medical records for anyone in the world, the list of infringements goes on and on regarding this over-reaching bill. For a time, the USA PATRIOT Act allowed for agents to undertake “sneak and peek” searches.

To deter and punish terrorist acts in the United States and around the world, to enhance law enforcement investigatory tools, and for other purposes. http://www.govtrack.us/congress/bill.xpd?bill=h107-3162

Aug
24

Chris Murphy: RAT

Christopher Scott “Chris” Murphy (born August 3, 1973) is the U. S. Representative for Connecticut’s 5th congressional district, serving since 2007.

HEALTHCARE BILL: This Congressman voted YES on the publicly disputed Healthcare bill. Also, it is an Unconstitutional bill because all revenue bills must originate in the House of Representatives. The first vote on this bill was for the Service Members Home Ownership Tax Act of 2009.

This is the Senate’s health care bill. The bill started off with text regarding an unrelated matter but the Senate is co-opted this bill as a vehicle for passage of their reform and changed the text in whole to the health care bill. They do this because the Constitution requires all revenue bills to start in the House, and their health reform plan involves revenue. So they have chosen to work off of a bill that started in the House, even if that bill is unrelated. http://www.govtrack.us/congress/bill.xpd?bill=h111-3590

This bill is expected to end up in the Supreme Court, due to the fact that it requires all Americans to purchase a product and the lower courts have already ruled different ways regarding the Constitutionality of it. About 1/2 the States are currently taking this bill to court or requested to be exempted from it.

STIMULUS BILL: This Congressman voted YES on the H.R. 1 bill which was highly protested by the people. It’s function was to promote ‘shovel ready’ projects in order to stimulate the economy. It is also said that it was an ‘earmark bill’, so many unneeded projects and wasteful spending could be done without more votes in Congress.

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, and for other purposes. http://www.govtrack.us/congress/bill.xpd?bill=h111-1

President Obama has since publicly stated the shovel ready projects were not as shovel ready as he had thought. This bill is considered to be an economic failure and waste of money.

TARP (BANK BAILOUT) BILL: This Congressman voted YES on the H.R. 1424, which was originally passed by the House as the Genetic Information Nondiscrimination Act of 2008. This is unconstitutional because all revenue bills must originate in the House of Representatives first. This bill provided massive loans to failing banks, who were participating in risky loans. This bill is the primary instrument in fully ‘waking the sleeping giant’ of the public because no regulations were put upon the banks to stop them from doing risky loans.

A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.

This is the Senate’s October 2008 Economic Stimulus Relief Bill. This bill was originally introduced in March 2007 and passed the House as the Genetic Information Nondiscrimination Act of 2008. In October 2008, it was co-opted as the so-called “vehicle” to pass the relief bill with an amendment that rewrites the whole bill. The House’s initial vehicle was H.R. 3997, but they failed to pass their amendment co-opting the bill. http://www.govtrack.us/congress/bill.xpd?bill=h110-1424

FANNIE MAE/FREDDIE MAC BAILOUT: This Congressman voted YES on H.R. 3221. This is the first large bailout bill that stirred the ‘sleeping giant’. The bill cost 900,000,000,000. If it had been the last bill, the ‘sleeping giant’ probably would have just returned to sleep. It was during the hot election where they were battling it out over the war issues, so eyes did not want to turn to the economy, which was in full collapse. Fannie Mae and Freddie Mac were privately run, but this bill bailed them out and returned them to being government run. Like many of the bills since this bill, it was originally called New Direction for Energy Independence, National Security, and Consumer Protection Act, which had nothing to do with the bill it later became in order to bypass original vote limits. http://www.govtrack.us/congress/bill.xpd?bill=h110-3221

Aug
24

John Yarmuth: RAT

John Yarmuth (born November 4, 1947) is the U.S. Representative for Kentucky’s 3rd congressional district, serving since 2007.

HEALTHCARE BILL: This Congressman voted YES on the publicly disputed Healthcare bill. Also, it is an Unconstitutional bill because all revenue bills must originate in the House of Representatives. The first vote on this bill was for the Service Members Home Ownership Tax Act of 2009.

This is the Senate’s health care bill. The bill started off with text regarding an unrelated matter but the Senate is co-opted this bill as a vehicle for passage of their reform and changed the text in whole to the health care bill. They do this because the Constitution requires all revenue bills to start in the House, and their health reform plan involves revenue. So they have chosen to work off of a bill that started in the House, even if that bill is unrelated. http://www.govtrack.us/congress/bill.xpd?bill=h111-3590

This bill is expected to end up in the Supreme Court, due to the fact that it requires all Americans to purchase a product and the lower courts have already ruled different ways regarding the Constitutionality of it. About 1/2 the States are currently taking this bill to court or requested to be exempted from it.

STIMULUS BILL: This Congressman voted YES on the H.R. 1 bill which was highly protested by the people. It’s function was to promote ‘shovel ready’ projects in order to stimulate the economy. It is also said that it was an ‘earmark bill’, so many unneeded projects and wasteful spending could be done without more votes in Congress.

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, and for other purposes. http://www.govtrack.us/congress/bill.xpd?bill=h111-1

President Obama has since publicly stated the shovel ready projects were not as shovel ready as he had thought. This bill is considered to be an economic failure and waste of money.

TARP (BANK BAILOUT) BILL: This Congressman voted YES on the H.R. 1424, which was originally passed by the House as the Genetic Information Nondiscrimination Act of 2008. This is unconstitutional because all revenue bills must originate in the House of Representatives first. This bill provided massive loans to failing banks, who were participating in risky loans. This bill is the primary instrument in fully ‘waking the sleeping giant’ of the public because no regulations were put upon the banks to stop them from doing risky loans.

A bill to provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and preventing disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes.

This is the Senate’s October 2008 Economic Stimulus Relief Bill. This bill was originally introduced in March 2007 and passed the House as the Genetic Information Nondiscrimination Act of 2008. In October 2008, it was co-opted as the so-called “vehicle” to pass the relief bill with an amendment that rewrites the whole bill. The House’s initial vehicle was H.R. 3997, but they failed to pass their amendment co-opting the bill. http://www.govtrack.us/congress/bill.xpd?bill=h110-1424

FANNIE MAE/FREDDIE MAC BAILOUT: This Congressman voted YES on H.R. 3221. This is the first large bailout bill that stirred the ‘sleeping giant’. The bill cost 900,000,000,000. If it had been the last bill, the ‘sleeping giant’ probably would have just returned to sleep. It was during the hot election where they were battling it out over the war issues, so eyes did not want to turn to the economy, which was in full collapse. Fannie Mae and Freddie Mac were privately run, but this bill bailed them out and returned them to being government run. Like many of the bills since this bill, it was originally called New Direction for Energy Independence, National Security, and Consumer Protection Act, which had nothing to do with the bill it later became in order to bypass original vote limits. http://www.govtrack.us/congress/bill.xpd?bill=h110-3221

Aug
24

Peter Welch: RAT

Peter F. Welch (born May 2, 1947) is the U.S. Representative for Vermont’s At-large congressional district, serving since 2007.

HEALTHCARE BILL: This Congressman voted YES on the publicly disputed Healthcare bill. Also, it is an Unconstitutional bill because all revenue bills must originate in the House of Representatives. The first vote on this bill was for the Service Members Home Ownership Tax Act of 2009.

This is the Senate’s health care bill. The bill started off with text regarding an unrelated matter but the Senate is co-opted this bill as a vehicle for passage of their reform and changed the text in whole to the health care bill. They do this because the Constitution requires all revenue bills to start in the House, and their health reform plan involves revenue. So they have chosen to work off of a bill that started in the House, even if that bill is unrelated. http://www.govtrack.us/congress/bill.xpd?bill=h111-3590

This bill is expected to end up in the Supreme Court, due to the fact that it requires all Americans to purchase a product and the lower courts have already ruled different ways regarding the Constitutionality of it. About 1/2 the States are currently taking this bill to court or requested to be exempted from it.

STIMULUS BILL: This Congressman voted YES on the H.R. 1 bill which was highly protested by the people. It’s function was to promote ‘shovel ready’ projects in order to stimulate the economy. It is also said that it was an ‘earmark bill’, so many unneeded projects and wasteful spending could be done without more votes in Congress.

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, and for other purposes. http://www.govtrack.us/congress/bill.xpd?bill=h111-1

President Obama has since publicly stated the shovel ready projects were not as shovel ready as he had thought. This bill is considered to be an economic failure and waste of money.

 

Aug
24

Mel Watt: RAT

Melvin Luther (Mel) Watt (born August 26, 1945) is the United States House of Representatives for North Carolina’s 12th congressional district, serving since 1993.

HEALTHCARE BILL: This Congressman voted YES on the publicly disputed Healthcare bill. Also, it is an Unconstitutional bill because all revenue bills must originate in the House of Representatives. The first vote on this bill was for the Service Members Home Ownership Tax Act of 2009.

This is the Senate’s health care bill. The bill started off with text regarding an unrelated matter but the Senate is co-opted this bill as a vehicle for passage of their reform and changed the text in whole to the health care bill. They do this because the Constitution requires all revenue bills to start in the House, and their health reform plan involves revenue. So they have chosen to work off of a bill that started in the House, even if that bill is unrelated. http://www.govtrack.us/congress/bill.xpd?bill=h111-3590

This bill is expected to end up in the Supreme Court, due to the fact that it requires all Americans to purchase a product and the lower courts have already ruled different ways regarding the Constitutionality of it. About 1/2 the States are currently taking this bill to court or requested to be exempted from it.

STIMULUS BILL: This Congressman voted YES on the H.R. 1 bill which was highly protested by the people. It’s function was to promote ‘shovel ready’ projects in order to stimulate the economy. It is also said that it was an ‘earmark bill’, so many unneeded projects and wasteful spending could be done without more votes in Congress.

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, and for other purposes. http://www.govtrack.us/congress/bill.xpd?bill=h111-1

President Obama has since publicly stated the shovel ready projects were not as shovel ready as he had thought. This bill is considered to be an economic failure and waste of money.

 

Aug
24

Pete Visclosky: RAT

Peter John “Pete” Visclosky (born August 13, 1949) is the U.S. Representative for Indiana’s 1st congressional district, serving since 1985.

HEALTHCARE BILL: This Congressman voted YES on the publicly disputed Healthcare bill. Also, it is an Unconstitutional bill because all revenue bills must originate in the House of Representatives. The first vote on this bill was for the Service Members Home Ownership Tax Act of 2009.

This is the Senate’s health care bill. The bill started off with text regarding an unrelated matter but the Senate is co-opted this bill as a vehicle for passage of their reform and changed the text in whole to the health care bill. They do this because the Constitution requires all revenue bills to start in the House, and their health reform plan involves revenue. So they have chosen to work off of a bill that started in the House, even if that bill is unrelated. http://www.govtrack.us/congress/bill.xpd?bill=h111-3590

This bill is expected to end up in the Supreme Court, due to the fact that it requires all Americans to purchase a product and the lower courts have already ruled different ways regarding the Constitutionality of it. About 1/2 the States are currently taking this bill to court or requested to be exempted from it.

STIMULUS BILL: This Congressman voted YES on the H.R. 1 bill which was highly protested by the people. It’s function was to promote ‘shovel ready’ projects in order to stimulate the economy. It is also said that it was an ‘earmark bill’, so many unneeded projects and wasteful spending could be done without more votes in Congress.

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, and for other purposes. http://www.govtrack.us/congress/bill.xpd?bill=h111-1

President Obama has since publicly stated the shovel ready projects were not as shovel ready as he had thought. This bill is considered to be an economic failure and waste of money.

FANNIE MAE/FREDDIE MAC BAILOUT: This Congressman voted YES on H.R. 3221. This is the first large bailout bill that stirred the ‘sleeping giant’. The bill cost 900,000,000,000. If it had been the last bill, the ‘sleeping giant’ probably would have just returned to sleep. It was during the hot election where they were battling it out over the war issues, so eyes did not want to turn to the economy, which was in full collapse. Fannie Mae and Freddie Mac were privately run, but this bill bailed them out and returned them to being government run. Like many of the bills since this bill, it was originally called New Direction for Energy Independence, National Security, and Consumer Protection Act, which had nothing to do with the bill it later became in order to bypass original vote limits. http://www.govtrack.us/congress/bill.xpd?bill=h110-3221

BANK DEREGULATION: This Congressman voted YES on S.900 which was made into law October of 1999. The was a bipartisan bill, and recieved millions in bank lobbyists money to achieve. In fact, it passed with so many votes, even it had been vetoed by the President, it could have just done another vote to override the veto.

What this bill did was permit other industries to own our banks, and it permitted our banks to own other industries. This allowed banks to co-mingle our money in the banks with riskier industries, such as credit cards and insurance, and we all know when it happened. The birth of the credit/debit card rapidly was done by all.

Many claimed the CRA (Community Reinvestment Act) created the bubble, but it is not true. The banks were not permitted to be deregulated in the S.900 unless they became CRA certified. CRA had been around since the 70′s, and more done in the mid 90′s to no avail. The banks simply would not take the risks associated in becoming CRA certified until the carrot of becoming deregulated was dangled in front of them.

An Act to enhance competition in the financial services industry by providing a prudential framework for the affiliation of banks, securities firms, and other financial service providers, and for other purposes. http://www.govtrack.us/congress/bill.xpd?bill=s106-900

Furthermore, Congress later voted in December for the bill to permit mortgages to be securitized, allowing mortgages to be sold on the future’s market while the bank keeps administrative rights as Mortgage Service Providers. This vote was an oral vote with little opposition, yet substantially altered the way mortgages were handled. The entire Senate unanimously voted for it, and it is unknown which Congressman in the House of Representatives did not support it, other than it is known by the way the vote was handled is was almost unanimous.

(Sec. 1208) Amends the Federal Deposit Insurance Corporation Improvement Act of 1991
to increase from 90 percent to 100 percent of fair market value the permissible evaluation of readily marketable purchased mortgage servicing rights that may be included in calculating an insured depository institution’s tangible capital, risk-based capital, or leverage limit, if the Federal regulatory agencies jointly find that such an increase will not adversely affect the deposit insurance funds or the safety and soundness of insured depository institutions. http://www.govtrack.us/congress/bill.xpd?bill=h106-5640