Maine congressmen split on bailout vote

Posted Sept. 29, 2008, at 5:44 p.m.
Last modified March 20, 2011, at 6:18 a.m.

Maine’s two congressmen cast opposing votes on the $700 billion bailout package that was defeated in the House of Representatives.

First District Rep. Tom Allen voted for it and 2nd District Rep. Mike Michaud voted against the package Monday. Both are Democrats. The bill was rejected by a 228-205 vote.

Allen says it’s “unconscionable that the House failed to reach consensus on legislation to stabilize financial markets as America stands on the brink of the worst economic crisis since the 1930s.”

Michaud says he voted against the bill because it provided largely unchecked authority to the Treasury Department to spend $700 billion of taxpayers’ money without adequate safeguards.