Taxpayers, Congress Push Back Against Bailout

Interesting perspectives from both sides of the aisle:

Conservative Republican Representative Mike Pence of Indiana was the first to loudly oppose the bailout plan from within the Republican Party.
"The Administration's request amounts to the largest corporate bailout in American history. Congress should act, but should act in a way that protects the integrity of our free market and protects the American taxpayer from more debt and higher taxes," Pence said in a statement Saturday.
Pence makes his argument based on his belief in the Republican mantra of "free market" economics. "To have the freedom to succeed, we must preserve the freedom to fail. Any solution to our present crisis must preserve our essential economic freedom," Pence said.

Representative Dennis Kucinich (D-Ohio), spoke out against a bailout, calling the current proposal "cash for trash," and proposing a distribution of the assets back to the taxpayers.
"Since the bailout will cost each and every American about $2,300, tomorrow I will offer legislation to create a United States Mutual Trust Fund, which will take control of $700 billion in stock assets, at market value and not higher, convert those assets to shares, and distribute $2,300 worth of shares to new individual savings accounts in the name of each and every American," Kucinich said in a statement.

Read more: http://www.truthout.org/article/taxpayers-congress-push-back-against-bailout