From Deseret News archives:
House is winning converts to bailout
Matheson remains firmly opposed; Bishop undecided
But they didn't convince Rep. Jim Matheson, D-Utah. He indicated he dislikes the revised proposal more than the original one and will vote against it today in the House.
However, despite his opposition, Matheson added he believes congressional leadership will ensure the Senate-passed bailout bill will also pass the House.
Rep. Rob Bishop, R-Utah, who, like Matheson, voted against the initial bailout bill earlier this week, said Thursday he's undecided about the revised bill. Utah's third House member, Rep. Chris Cannon, R-Utah, supports the bailout and voted for it earlier.
"The Senate version is even worse (than the original)," Matheson said Thursday. "It's larded up with more debt and doesn't include long-term reform language that would prevent this kind of crisis from happening again."
He added, "I don't believe this bill is the right medicine to cure the disease. Economists aren't able to say that this bill is actually going to solve the credit freeze problem. ... No one in Congress fully understands the implications of this proposal."
Scott Parker, chief of staff to Bishop, said, "For now, it's fair to say that Rob is undecided on this latest version. The legislation coming out of the Senate is better than what the House saw, and light years better than the original Bush/Paulson proposal (from President Bush and Treasury Secretary Henry Paulson)."
Parker added, "Rob has said before that something needs to be done, and he is committed to staying here in D.C. and working through this until we get the right solution, rather than a quick solution." He added that "besides stabilizing the economy, a top priority has to be protecting the taxpayers."
Both Bishop and Matheson face re-election next month. Their initial opposition came as they reported thousands of calls from upset Utahns, almost all of whom opposed the bailout. Cannon, R-Utah, was already defeated in the primary election.
In the Senate, both Sens. Bob Bennett and Orrin Hatch, R-Utah, voted for the Senate's redesigned version of the rescue bill. Neither of them face re-election this year.
Recent comments
@The Maddening Crowd: what is it that makes you think the entire...
Earl | Oct. 3, 2008 at 11:07 a.m.
Temporary and carnal security is nothing when the price is the loss...
King | Oct. 3, 2008 at 10:37 a.m.
I don't know how this can be called a "bailout" when they've filled...
what a joke! | Oct. 3, 2008 at 10:12 a.m.
- Where's 'Tag when Utah needs him? 9:45 p.m.
- 12 Utes return to Texas 9:43 p.m.
- Birthdays for Wednesday, Nov. 11 9:43 p.m.
- Vampires seem to be People's Choice 9:42 p.m.
- Developer looking to buy RSL share 9:42 p.m.
- Ex-Miss California: Sex tape mistake 9:39 p.m.
- The Number: Conflicted Islam? 9:38 p.m.
- Denzel is returning to N.Y. stage 9:36 p.m.
- SLC council OKs gay rights policies 9:33 p.m.
- Death penalty not likely at Fort Hood 9:32 p.m.
- Utah group finds homes for orphans
- Pratt pleads not guilty to sex charges
- Y. tight ends talented tandem
- Jazz blow big lead, hang on
- Utes get extra motivation
- Senators want food tax restored
- Hair-pulling raises more questions
- BYU soccer incident still popular
- Lobo land like home for BYU lineman
- U. hopes to keep clicking
- House passes health care bill
260 - TCU showdown has big implications
188 - Lobo suspended
185 - Cougars crush hapless Cowboys
155 - Senators want food tax restored
147 - Utah Jazz fall apart against Kings
131 - TCU 4th in AP poll; U. 16th, Y. 22nd
119 - S.L. vote pending on gay protections
104 - No 'backlash' for pioneers, gays analogy
104 - RSL rallies to advance
103
Applebee's Neighborhood Grill & Bar restaurants nationwide will honor...
Meghan McCain, the daughter of former presidential candidate John...
Be prepared to hear Utah Man early and often in Ft. Worth, Utah WILL win!
Utah hasn't played anyone this year. They will lose to TCU. BYU plays a much...
Hey I want some tickets if this goes through. Good luck to you and your famil.
Moritz from wasatch has alot more tackles than what it says he is not getting...
Even if other lives were already taken? The people who died in D.C. didn't...
Everyone commenting here is entitled to their own opinions. Thank goodness...
Hopefully our Texas players will rise to the occasion, and play well! We're...
Down With Millsap, Long Live Boozer!
these guys have proven to be excellent players. it surprises me that other...
I applaud the Church's stance on supporting the city council's decision not...


