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Published - Friday, October 03, 2008

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Kind ‘torn’ over bailout vote; challengers critical of pork


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Though unapologetic over his vote for the failed financial industry rescue package, U.S. Rep. Ron Kind is torn over a version of the bill that the Senate returned Wednesday laden with pork.

Meanwhile, the La Crosse Democrat’s 3rd District opponents are looking to leverage votes on his support of the unpopular bailout package.
Libertarian candidate Kevin Barrett on Thursday served Kind with a symbolic pink slip on behalf of “we the people.” Actually, the former university lecturer — wearing a plastic mask and flanked by a pair of Internet videographers — handed a homemade termination notice to Kind’s Wisconsin chief of staff, Loren Kannenberg.

Kind was on a flight to Washington, D.C., where the House was expected to vote today on the Senate’s modified version of the bill that representatives narrowly voted down Monday.

“This is the granddaddy of jams,” Kind said, referring to $100 billion of new spending the Senate added to the bill, which he still considers essential to pass quickly. “The way the senate did it was out of bounds.”

“I’m really torn,” he said, “(but) I know the importance of getting this rescue plan done.”

Wisconsin’s senators split on the revised plan, passed Wednesday night. Herb Kohl voted for it, while Russ Feingold was among the 25 no votes. Presidential candidates John McCain and Barack Obama both voted for it.

Republican candidate Paul Stark said predictions of a credit crisis are overblown and that banks are simply restricting loans to those who can afford them.

“It seems that there’s some sort of coverup,” Stark said. “The sky has not fallen.”

Meanwhile, Wisconsin’s affordable-housing agency stopped making loans for single-family homes, saying it is having a hard time raising money for mortgages.

The crisis isn’t really affecting people yet in Western Wisconsin, said University of Wisconsin-La Crosse political science professor Joe Heim. Still, he said, most Democrats and Republicans think they have to do something.

At a taping Thursday morning of WLSU’s Newsmakers radio show, Barrett blamed the flagging economy on the war in Iraq. He suggested a better plan for solving the credit crisis would be to abolish the Federal Reserve and to allow the U.S. Treasury to make direct loans to businesses, cutting out “parasitical middlemen” bankers.

Heim noted this week that those voting against the bailout tended to face tough races in November, while Kind, a six-term incumbent, is relatively secure.

Stark accused Congress in general and Kind in particular with being out of touch.

“Ron Kind feels so secure that he will be re-elected that he can vote against the people it shows a huge amount of arrogance,” Stark said. “He is supposed to represent the people of the 3rd District. And he is not doing it.”

The people of the district are angry, Kind said, “But I don’t have the luxury of representing angry people right now. I have to make a decision that’s in the best long-term interest of the country.”
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Gabrinus wrote on Oct 5, 2008 10:59 PM:

" "(The bailout) remains deeply flawed. It fails to offset the cost of the plan, leaving taxpayers to bear the burden of serious lapses of judgment by private financial institutions, their regulators, and the enablers in Washington who paved the way for this catastrophe by removing the safeguards that had protected consumers and the economy since the great depression. The bailout legislation also fails to reform the flawed regulatory structure that permitted this crisis to arise in the first place. And it doesnt do enough to address the root cause of the credit market collapse, namely the housing crisis. Taxpayers deserve a plan that puts their concerns ahead of those who got us into this mess. -Sen. Feingold "

RecoveringFeminist wrote on Oct 4, 2008 10:34 AM:

" Ron Mean Kind, the Taxpayer Pickpocket, has struck again. Mean Kind voted to pickpocket our hard-earned money and give it to someone else by supporting this pork-laden bailout. Most Americans recognize this bill for what it is--socialism. Vote Paul Stark for Congress! (www.starkforcongress.com). "

mullman71 wrote on Oct 4, 2008 9:22 AM:

" Now it's all becoming clear to me... Check out the opensecrets.org report on Ron Kind's most recent contributors: http://www.opensecrets.org/politicians/summary.php?cid=N00004403&cycle=2008

This shows the 2008 cycle and in his "Top 5 Contributors" list is "American Bankers Assn." THE AMERICAN BANKERS ASSOCIATION?! Now scroll down a little further to "Top 5 Industries" and you'll find "Securities and Investments." WALL STREET TRADERS?! No wonder he voted for the bailout. He wants to make sure his donations don't dry up. "

*PrivateSectorDoesIt Better* wrote on Oct 3, 2008 10:28 PM:

" To Rickey: This economic meltdown is caused by the Democratic Party. These two videos may open your eyes, but I doubt it since you drink the Democrat Kool-aid, OH YEAH!
http://www.liveleak.com/view?i=658_1222431921

http://www.metacafe.com/watch/1823928/bill_oreilly_vs_barney_frank_smackdown/ "

*PrivateSectorDoesIt Better* wrote on Oct 3, 2008 8:47 PM:

" The whole purpose of serving as a member of the House of Representatives is to go to Washington DC and represent his/her constituents in their district. Ron Kind has willfully ignored his constituents who sent him to Washington DC to have their voices be heard. Ron Kind voted for the bail out plan to reward Wall Street while ignoring the overwhelming demands of those he is supposed to represent here on Main Street.

Its time for to tell Ron Kind to hit the road. He has got to go.. "

Slainte wrote on Oct 3, 2008 5:56 PM:

" Begorra,,, does our Congressman ANYkind ever stand for something on his own... just always sees what the flow is and goes with the flow.. Hope he bought a New Packer jersey for his biannual rolling in the mud---- add for reelection.

Slainte "

uwp wrote on Oct 3, 2008 4:31 PM:

" It's amazing how greedy washington and big business are. How does a $700 billion bailout fail but a $700 billion + $150 billion in pork passes. How corrupt is this system? As an undecided voter, I have just decided not to vote for McCain or Obama and to vote out Kind and all Represenatives who voted in favor of this. Wish I could vote for Ron Paul... "

cobrajd wrote on Oct 3, 2008 9:48 AM:

" Kind is commiting political suicide. He works for his constituents, don't you think he would have enought guts to do the correct thing and vote this bailout, pork barrel filled bill down. The people have spoken, we don't like or need it. Let wall street and big banks clean up their own mess. Why should we pay for their mistakes? "

daddylonglegs wrote on Oct 3, 2008 9:46 AM:

" In other words, "screw you taxpaying constituents, my powerful banking buddies need it more then you do"... "

CJ wrote on Oct 3, 2008 9:41 AM:

" Ron you are a waste of space in Washington. I've contacted you on waste I see in my Gov't contractor job only to be answered with a very generic form letter you need to go away...... "

MS wrote on Oct 3, 2008 9:15 AM:

" Bailout alternative offered by House Dems
The beauty of it from DeFazio's perspective is that his bill wouldn't require taxpayer money to implement.
Here's the summary DeFazio provided reporters:
No BAILOUTS Act
Read the whole article at:
http://www.swamppolitics.com/news/politics/blog/2008/09/printer-bailout_alternative_offered_ho.html "

formerpolitician wrote on Oct 3, 2008 8:21 AM:

" Congress has a 9% approval rating. Anybody wonder why when we have our local "Representative" making statements that he can't listen to angry constituents. Why not do something in the past 10 that did do something for us and the rest of the country. Enough of the finger pointing at each party. It is time for a changing of the guard. Don't vote for any incumbant. "

Big E wrote on Oct 3, 2008 8:20 AM:

" Rickey, once again I will ask you to back up your statement. Give us some proof! Do a little research...maybe look up the Community Reinvestment Act, or the Gramm/Beech/Liley Act of 1999. Then come back and tell us how we got in the sub-prime mortgage mess...... "

groucho wrote on Oct 3, 2008 7:21 AM:

" Biden did win the debate, so where are the stories? "

Richard Cranium wrote on Oct 3, 2008 6:53 AM:

" To tax-me-more: Something tells me you were voting for him anyway. "

Rickey wrote on Oct 3, 2008 6:37 AM:

" The Repubs De-Regulated the Stock Market and got us into a 1929 type disaster on Nov 4 they will get Their lesson "

Just Some Dude wrote on Oct 3, 2008 6:03 AM:

" If Biden won the debate last night, I wonder how many anti-Palin stories the Tribune would have posted by now. "

tax-me-more wrote on Oct 3, 2008 1:00 AM:

" It is unfortunate that Kind feels he doesn't have the luxury do defend his constituents.

Now I vote for Stark. "

Big Spender wrote on Oct 3, 2008 12:38 AM:

" I love it how politicians dismiss public sentiment as angry: "The people of the district are angry, Kind said, But I dont have the luxury of representing angry people right now. I have to make a decision thats in the best long-term interest of the country.

Don't be so cocksure about what is in the best interest of the country, Mr. Kind, because hundreds of economists are telling us to take it slow and do it right!

"We [200 economists] see three fatal pitfalls in the currently proposed plan"

"Fundamentally weakening those markets in order to calm short-run disruptions is desperately short-sighted."

http://faculty.chicagogsb.edu/john.cochrane/research/Papers/mortgage_protest.htm "


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