News
October 3, 2008
Capito again votes against economic bailout

CHARLESTON, W.Va. -- For the second time in a week, U.S. Rep. Shelley Moore Capito voted against the $700 billion government bailout plan proposed by President Bush and congressional leaders.

The House passed the bill on a 263-171 vote on Friday. U.S. Reps. Alan Mollohan and Nick Rahall, both D-W.Va., voted for the bill Friday, as they did on Monday.

"While we've seen some key adjustments around the edges, this is fundamentally the same bill we considered on Monday," Capito said in a news release. "We're still talking about $700 billion dollars, and we're still talking about a process that lacks sufficient oversight and taxpayer protections for West Virginia families who pay their bills and play by the rules."

Capito, a Republican who is running for re-election against Democrat Anne Barth, also voted against the bill on Monday, when the House rejected it. The Senate amended the bill and passed it on Wednesday.

Barth attacked Capito for her vote, noting in a news release that Capito served for eight years on the House Financial Services Committee and saying she "sat on her hands while her Wall Street contributors were allowed to run wild."

Barth acknowledged the bailout bill wasn't perfect, and called Friday's vote by the House "a tough decision, but the correct decision."

"On the same day the worst jobs report in five years was released, Shelley Moore Capito voted against the American economy," the longtime aide to U.S. Sen. Robert C. Byrd said. "Mrs. Capito -- the demise of the American economy happened right under your nose, and when you had a chance to fix it, you took a pass."

Rahall, who voted for the bill, said although West Virginia banks have "played by the rules," the economic crisis could have significantly harmed them and their customers. He said the bill passed Friday "will build a much-needed firewall between West Virginia taxpayers and Wall Street's greed."

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Posted By: Anonymous (8:58pm 10-08-2008)
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Thank you Representative Capito for doing the right thing. Government intervention in the markets caused this mess (through the Federal Reserve's inflationary policies, which made it tempting for banks to make loans to people who could never pay them back).

Then the Fed and Henry Paulson, the former CEO of Goldman Sachs, want to tell us that only they can save us? It's ludicrous.

The whole sky-is-falling fearmonger atmosphere surrounding this bill reminds me of the same panic and lies they used to push the Iraq War and the so-called PATRIOT Act on us.

Boy George has cried wolf one too many times. Thanks, Shelley, for finally standing up to him.

Posted By: One Citizen (3:00pm 10-08-2008)
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At NO point in time has Capito EVER stood up to put a stop to the subprime slime. Yet she's the RANKING MEMBER of the OVERSIGHT Subcommittee on Housing and Community Opportunity!

It's no surprise that Capito voted AGAINST the bailout, despite the fact it has PLENTY of taxpayer protections. Her personal asset disclosures indicate she's raked in FAR MORE than her congressional pay since going to DC, and is now a MULTImillionaire.

By the way, her hubby Charlie manages personal investments for CITI.

CITI's spent well over a HUNDRED MILLION and hired an army of lobbyists to keep markets underregulated. Although CITI wrote down a whopping $18 billion of subprime mortgages, amazingly, CITI can STILL afford a flock of corporate lawyers to buy out competing Wachovia. Don't worry, though, because it ain't with the BAILOUT money. Oil-rich Abu Dhabi, Kuwait and United Arab Emirates stepped in with BILLIONS for CITI's "time of need". THINK: MONOPOLY

GOOGLE "Inside Trading: Congress for Sale"

Posted By: Anonymous (9:43am 10-08-2008)
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I see One Citizen is a paid campaign worker for Weeks. Smears? Yup

Posted By: Anonymous (9:41am 10-08-2008)
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Shelly Moore Capito is for our jobs in the coal industry. Weeks is against anything coal like all Democrats. Keep our jobs. Vote Shelly and vote McCain. He has promised 2 mil. a year on opening up coal to fuel. Go Shelly, WV needs you. We all know that the state went for Hillary and yet, byrd,rocky and rahall went into the pocket of obama.
Wake up people, vote Shelly Moore Capito

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