Saturday, February 24, 2024
Hawai'i Free Press

Current Articles | Archives

Tuesday, October 5, 2010
Abercrombie supported Wall Street Bailouts with Main Street Money
By News Release @ 7:02 PM :: 8194 Views :: Energy, Environment, National News, Ethics

Reasons Hawaii Can't Afford Neil Abercrombie- #2

Abercrombie Supports Wall Street Bailouts with Main Street Money


While in D.C. as Congressman, Neil Abercrombie voted not once, not twice but three times in favor of taxpayer-funded bailouts for Wall Street financial institutions, auto companies and fiscally irresponsible state governments:

  • The Troubled Asset Relief Program bill (TARP) used up $700 billion to bailout banks, insurance and auto companies and two years later, the New York Times reports over $150 has not been allocated and may not be used at all.  (Vote 681, 2008)
  • The Auto Bail Out bill provided $14 billion to bail out American car companies (Vote 690, 2008). Though the bill passed the House, it failed to pass the Senate, which led President Bush to extend the use of TARP funds to include auto companies.
  • The American Recovery and Reinvestment Bill, also known as the "Stimulus Bill" (Vote 70, 2009) allocated $787 billion designed to stimulate the  nation's economy. Some argue that this was not a bailout, however a the Government Accountability Office found that 90 percent of the allocated money was being used to bailout state government.



TEXT "follow HawaiiFreePress" to 40404

Register to Vote


808 Silent Majority

Aloha Pregnancy Care Center


Antonio Gramsci Reading List

A Place for Women in Waipio

Ballotpedia Hawaii

Broken Trust

Build More Hawaiian Homes Working Group

Christian Homeschoolers of Hawaii

Cliff Slater's Second Opinion

DVids Hawaii


Fix Oahu!

Frontline: The Fixers

Genetic Literacy Project

Grassroot Institute

Hawaii Aquarium Fish Report

Hawaii Aviation Preservation Society

Hawaii Catholic TV

Hawaii Christian Coalition

Hawaii Cigar Association

Hawaii ConCon Info

Hawaii Debt Clock

Hawaii Defense Foundation

Hawaii Family Forum

Hawaii Farmers and Ranchers United

Hawaii Farmer's Daughter

Hawaii Federalist Society

Hawaii Federation of Republican Women

Hawaii History Blog

Hawaii Homeschool Association

Hawaii Jihadi Trial

Hawaii Legal News

Hawaii Legal Short-Term Rental Alliance

Hawaii Matters

Hawaii's Partnership for Appropriate & Compassionate Care

Hawaii Public Charter School Network

Hawaii Rifle Association

Hawaii Shippers Council

Hawaii Smokers Alliance

Hawaii State Data Lab

Hawaii Together



Hiram Fong Papers

Homeschool Legal Defense Hawaii

Honolulu Moms for Liberty

Honolulu Navy League

Honolulu Traffic

House Minority Blog

Imua TMT

Inouye-Kwock, NYT 1992

Inside the Nature Conservancy

Inverse Condemnation

Investigative Project on Terrorism

July 4 in Hawaii

Kakaako Cares

Keep Hawaii's Heroes

Land and Power in Hawaii

Legislative Committee Analysis Tool

Lessons in Firearm Education

Lingle Years

Managed Care Matters -- Hawaii

Malama Pregnancy Center of Maui

Military Home Educators' Network Oahu

Missile Defense Advocacy

MIS Veterans Hawaii

NAMI Hawaii

National Christian Foundation Hawaii

National Parents Org Hawaii

NFIB Hawaii News

No GMO Means No Aloha

Not Dead Yet, Hawaii

NRA-ILA Hawaii

Oahu Alternative Transport


OHA Lies

Opt Out Today

Patients Rights Council Hawaii

PEACE Hawaii

People vs Machine

Practical Policy Institute of Hawaii

Pritchett Cartoons

Pro-GMO Hawaii


Rental by Owner Awareness Assn

ReRoute the Rail

Research Institute for Hawaii USA

Rick Hamada Show

RJ Rummel

Robotics Organizing Committee

School Choice in Hawaii

Sink the Jones Act

Statehood for Guam

Talking Tax

Tax Foundation of Hawaii

The Real Hanabusa

Time Out Honolulu

Trustee Akina KWO Columns

UCC Truths

US Tax Foundation Hawaii Info

VAREP Honolulu

West Maui Taxpayers Association

What Natalie Thinks

Whole Life Hawaii