From Harry Taylor, Democratic candidate for the 9th Congressional District seat:
Congressman Sue Myrick, 9th District, lamented how “hard” it was to vote for the Emergency Economic Stabilization Act of 2008, commonly known as the bailout legislation.
She thinks her vote was hard? Imagine how hard life is for those who've lost and will lose their jobs as a consequence of her failure to understand the gravity of the current economic crisis. Last Friday she said “we're on the cusp of a complete catastrophic credit meltdown.” If she truly understood that, why did it take her so long to act? Had this critical legislation passed 10 days earlier, the prevailing opinion is that the forced sale of Wachovia might have been prevented.
The 9th Congressional District is the heart of North Carolina's financial services industry, the second largest financial center in America. It fuels our local economy. As one of the largest employers in Myrick's district, Wachovia's uncertain future affects us all. Couriers, coffee shops, attorneys, restaurants, homeowners, accountants, printers, clothing and grocery stores, homebuilders and real estate agents, barbershops and taxi drivers. On Sept. 29, Sue Myrick voted against our local economy.
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Five days after she voted no, she voted yes for a version of the bill that added $140 billion in extra appropriations, also known as “pork,” saddling American taxpayers with an even larger tab. Extra money for tax breaks to Puerto Rican rum distillers; tax incentives for TV and film producers in Hollywood; tax breaks for a wooden arrow manufacturer in Myrtle Point, Oregon.
This rescue plan may have been poorly explained to the public, but it was not poorly explained to Congress. Sue Myrick knew exactly what was at stake. Those voting “no” feared voters would strike back in the upcoming election. Last week Sue Myrick voted to save her job…at the expense of your job. When special interest giveaways and pork were added to sweeten the bill, she finally voted yes.
We don't send representatives to Washington to stick their heads in the sand when a crisis of immense proportions looms. Leadership isn't about getting re-elected. It's about serving the needs of the people you represent. It's about being out on the point, the most hazardous place, where political challenges find non- partisan solutions. It's about having the courage to stand up, speak the truth, and do the right thing. In the end it's about doing what you were elected to do…represent your constituents.