Salisbury Post - Local Reps Split Along Party Lines On Bailout Bill
House members who represent Rowan and surrounding counties voted Monday along party lines regarding the proposed $700 billion emergency rescue.
Republican House members Howard Coble and Robin Hayes opposed the bailout while Democrat Mel Watt voted in favor.
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Hayes said much the same, citing a lack of taxpayer protections as part of the reason he opposed the bill. He also noted that foreign banks and investment firms would be eligible for U.S. tax dollars if Congress approved the bill.
"I truly believe we have a credit crisis that is negatively impacting our economy," Hayes said. "But one of the questions of concern I raised last week was eligibility, and this bill expands eligibility beyond where I think it should be."