There’s no doubt about it, people are mad about the $700 billion(or is it $850 billion) bailout approved by the Congress last week. I spoke with several Republicans over the weekend, all of whom were angry and a few said they would not vote for Chambliss this year. Wether or not they follow through on that remains to be seen, but it’s clear Saxby has lost some support. Many Democrats are not happy with the passage of this bill either and I would expect Jim Marshall has lost some support as well. Will this be enough to topple these to incumbents? Marshall has a smaller margin or error so I would expect he’s in real trouble and clearly the US Senate race has tightened considerably.
Jim Tharpe and Ben Smith report on all this in today’s AJC:
Whether you are U.S. Sen. Saxby Chambliss, a Republican incumbent trying for a second term, or Jim Marshall, a Democratic two—-term congressman facing a Republican challenger, the recent economic events have clouded the political horizon just a month before most Georgians go to the polls.
Both men voted for the bailout, which they said was needed to stave off financial calamity.
Marshall, who is in one of the state’s most competitive congressional races, released a television ad defending his decision.
“I don’t like this rescue plan any better than you do,” Marshall said in the ad. “And I’m not interested in bailing out the irresponsible people who dragged us into this credit mess. But I’m not going to stand by and let this crisis undermine our economy and damage the financial future of everyone in America —- their jobs, their savings, their dreams.”
In metro Atlanta, Marshall’s fellow Democrat Jim Martin was busy attacking Chambliss for his support of the same “bailout” plan backed by Marshall and Democratic leaders in Congress.
“I am disappointed, but not surprised, to see that Saxby Chambliss voted for another typical Washington solution to a very real problem,” Martin said. “It’s classic Saxby economics —- $700 billion for Wall Street, while Georgia families get stuck with the bill. That’s just wrong.”
Chambliss blamed the “Democratic leadership” for the initial failure of the bill. The Moultrie lawmaker said he does not like the idea of the government intervening in the free market, but he said it is unavoidable in the current crisis.
“You have to worry about the country first,” he said.