The Daily Item, Sunbury, PA

News

September 30, 2008

Carney, Hackett say bailout was bad idea

WASHINGTON -- U.S. Rep. Chris Carney and Chris Hackett, the Republican seeking to claim his seat in Congress, agree on one thing at least.

Both said the $700 billion proposed bailout was a bad idea.

Citing its lack of oversight and protections for taxpayers, Carney voted against the "flawed" $700 billion bailout Monday.

"This bill is economic Prozac -- it might calm the markets today, but the underlying problems remain. We cannot allow Wall Street to borrow its way out of the current fiscal mess," Carney said in a statement soon after the House defeated the proposed rescue of the nation's financial system by a 228-205 vote.

Said Carney, "I could not vote for a measure that bails out years of unmitigated Wall Street failings at the expense of our hardworking taxpayers. This bailout bill does not provide any source of revenue to pay for its enormous costs, which is not fair to our middle-class families that have played by the rules but are struggling to keep up with the rising costs of their daily expenses. Where is their bailout?"

Chris Hackett, Carney's Republican opponent for the 10th Congressional District, said he's pleased the bailout failed.

"But let's not be fooled: Chris Carney has voted for numerous corporate welfare handouts, including $25 billion for the auto industry just last week," Hackett said. "I wish Carney would side with taxpayers when the public spotlight isn't on him and an election is right around the corner."

Carney did not respond to questions about the consequences of the failed bailout or how to avoid a national economic collapse caused by a mountain of bad mortgage debt.

"We need to assess the current situation and thoughtfully consider long-term solutions to stabilize our economy -- not pass hurried legislation," he said. "I could not support this legislation, nor could I support measures to allow Congress to adjourn when it is clear that more work needs to be done to ensure the stability of our nation's economy."

Text Only
News
  • Donations to Budd family near $60,000

    SHAMOKIN DAM — The Valley continues to give as fundraisers keep forming and donations steadily pour in for the Budd family, of Ohio, while Sharon Budd continues her fight back from drastic injuries suffered when a rock thrown from an Interstate 80 overpass in Union County slammed through the windshield of the family’s vehicle three weeks ago.

    July 30, 2014

  • B-17 fly-over to honor 'Dutch' VanKirk

    NORTHUMBERLAND — A Boeing B-17 Flying Fortress will soar in honor of the late Theodore “Dutch” VanKirk during his graveside services Tuesday morning.

    July 30, 2014

  • dogs31.jpg Is Spike spiteful?

    Dog is often considered man’s best friend, but a recent study shows he may be a little green over how much time you spend with other pooches.

    July 30, 2014 1 Photo

  • CORBETT_TomC.jpg Corbett: VanKirk helped to save the world

    Gov. Tom Corbett today issued the following statement on the death of Northumberland County native Theodore “Dutch” VanKirk, the last surviving crew member of the Enola Gay:

    July 30, 2014 1 Photo

  • Afraid of grandson? "Now I am," Amanda Trometter says

    Erick Trometter slept with hunting and butcher knives beside his bed while living with the grandmother he allegedly attacked on the morning he was shot after allegedly pulling a knife on a city police officer.

    July 30, 2014

  • vk1.jpg Ted VanKirk: Seen from above

    The Daily Item is republishing online its spring 2012 interview with Northumberland native Ted “Dutch” VanKirk, the navigator of the Enola Gay, which dropped the first of two atomic bombs on Japan in 1945. The story appeared in Inside Pennsylvania magazine. VanKirk died Monday in Georgia at age 93.

    July 30, 2014 2 Photos

  • vankirk_ted1.jpg “The Japanese were beaten before we even dropped the bomb”

    Compared to the 58 other missions they ran together, the one they were assigned to carry out on Aug. 6, 1945 was easy.
    There would be no return fire, flying conditions were ideal, and if all went according to plan, they would be back to the base in Tinian by nightfall.

    July 30, 2014 2 Photos

  • Ritz-Craft Ritz-Craft to hire 60 for Mifflinburg plant

    MIFFLINBURG — Sixty jobs are coming to Mifflinburg as a Ritz-Craft production facility that went dark seven years ago amid the housing downturn will come back on line during the next few months, company officials announced Tuesday.

    July 29, 2014 1 Photo

  • Selinsgrove man dies when tractor flips in Chapman Township

    PORT TREVORTON — A 57-year-old Selinsgrove man died Tuesday evening when the farm tractor he was driving overturned and pinned him beneath it, according to Snyder County Coroner Bruce Hummel.

    July 29, 2014

  • VanKirk 'Real hero' of World War II dies

    ATLANTA, Ga. — Theodore “Dutch” VanKirk, the last surviving crew member of the Enola Gay, which dropped the first atomic bomb on Hiroshima, died Monday of natural causes in the retirement home where he lived in Georgia. He was 93.

    July 29, 2014 1 Photo

The Daily Marquee
Video
Parade
Magazine

Click HERE to read all your Parade favorites including Hollywood Wire, Celebrity interviews and photo galleries, Food recipes and cooking tips, Games and lots more.