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Orange County Representatives Split On Bailout Bill
The six U.S. representatives from Orange County split on the vote for the government’s emergency financial bailout plan, that was held on last Monday. Three representatives out of the six supported the legislation, while rest voted against the same.
John Campbell, who represents Irvine, parts of Newport Beach and South County voted for the emergency rescue package and urged his colleagues to support the legislation. “I desperately hope and pray that we as a body, Democrats and Republicans alike, have the courage to pass this bill,” said Campbell. Other two Orange County representatives who joined him were Ken Calvert and Gary Miller.
On the contrary, fellow Orange County’s congress members namely, Dana Rohrabacher, Loretta Sanchez and Ed Royce didn’t support the bailout plan. Sanchez stated explaining her opposition, “this package does not do enough to help the average American keep their home, and to ensure that the Wall Street executives that got us in to this mess don’t walk away with millions of dollars.”
And Dana Rohrabacher called the legislation an example of “hysteria-based policy making,” and said, “Emergency measures without policy reform to correct what brought you to the emergency in the first place makes no sense.”
Owing to such regional delegation split on the plan, the House of Representatives ultimately rejected the bailout bill on a 228-205 vote on Monday. As a result of the rejection, Orange County’s stocks fell severely with the broader market.
November 26th, 2008 at 4:14 pm
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