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The staff of the Tampa Bay Times

Brown-Waite: No on bailout



Brooksville Republican Ginny Brown-Waite took the U.S. House floor moments ago to blast the financial rescue plan. A spokesman confirmed she will vote against the so-called $700-billion bailout despite intense arm-twisting among Republican party leaders, including the Bush administration.

"This isn't legislation, this is extortion," Brown-Waite said.

Among her reasons: the expansion of the national debt ceiling to $11.3-trillion from $10-trillion; uncertainty on how any potential "profits" would be spent; and the treasury secretary's ability to buy bad assets from foreign banks.

A formal vote should take place soon.

--John Frank, Times staff writer


[Last modified: Wednesday, May 26, 2010 11:36am]


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