John Yarmuth, who wussed out and voted for the joke that is the economic bailout bill, has issued a CYA letter.
Let’s read it together and freak out in the comments:
Today, I made one of my most difficult decisions since being elected to serve Kentucky’s Third Congressional District. I was faced with two awful choices: voting for a bill that I hate or doing nothing to stop an economic meltdown that would lead to massive job loss in Louisville and throughout the country. I am angry that this is the only option we were given. However, I voted for it in order to stave off economic catastrophe—not for CEO’s on Wall Street about whom I could not care less, but for the people of our streets in Louisville.
There were significant improvements to this version of the bill to ensure that it protected taxpayers and was not a blank check for Wall Street. It authorizes only half the $700 billion requested, limits CEO compensation, and eliminates golden parachutes. The bill approved today increases accountability, provides a tax cut to millions of middle class Americans with a patch of the alternative minimum tax, extends the child tax credit and property tax credits, offers tuition assistance, invests in renewable fuel, and helps small businesses by offering FDIC insurance on deposits up to $250,000.
Read the rest after the jump…