Hagan Supports New Bailout

North Carolina Sen. Kay Hagan supports the release of $350 billion in bailout funds, shifting her position just a few months after opposing a bailout bill that passed while she was running for Congress.

Hagan said Thursday that President-elect Barack Obama provided
assurances that the new money will be invested transparently and
with accountability.

The Democrat from Greensboro was vocally opposed to the bailout
measure during her campaign. She called it a fix for Wall Street, not Main Street and said it only addressed half the problem.

Hagan said the new bill helps Main Street by limiting executive compensation and helping homeowners facing foreclosure.

Hagan took the oath of office last week, replacing Republican Sen. Elizabeth Dole.

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  • by Devil Dog Location: New Bern on Jan 16, 2009 at 10:36 AM
    Just another SOCIALIST. Wait until the DEMS bail out the newspapers. Then the SOCIALISTS will have the media sewed up. This is a disgrace!
  • by AL Location: Greene CO on Jan 16, 2009 at 07:34 AM
    Just another day in political paradise! This is what the dems wanted and they got: Someone to spend with out thinking:wheres the money coming from?? Oh it is the little man who is gonna pay ! Higher taxes and lower income people cannot afford this. I say next 2 years vote her butt out! Do the same with all the lying thieving politicians there now. I fear what is gonna happen over the next 4 years. Clinton in O bamas house and Clinton's old cabinet members in charge,OMG!! We need the lord now more than ever!!!
  • by Tad Location: Jamesville on Jan 16, 2009 at 07:08 AM
    Hagan is a typical democrat. She lied to get elected. Period.
  • by Kimo Location: Belhaven on Jan 16, 2009 at 05:53 AM
    No doubt about it. Kay will do alright in Washington. She has been there not quite a week and already she has mastered the ability to do a 180 without losing any momentum. Go Kay!!!
  • by huckfan on Jan 16, 2009 at 05:50 AM
    she is a typical politician. she knew she could not get elected on her beliefs, so she fabricated her stances and now the true hagen comes out. no suprise. you can email her at: Hagen@hagen.senate.gov and let her know how you feel. i did.
  • by Airborne Ranger on Jan 16, 2009 at 05:31 AM
    Let's see, campaigned against the bailout, sworn in last week, now it's OK to pull out $350B of the taxpayer money and give it to the "NEEDY" banks and loan companies. Typical political "FLIP-FLOP". Same will happen with obama. Wait until he gets sworn in next week and you will see what he does vs what he said he would do if elected. Politicians -- How can you tell if they are lying? Just watch: their mouth is moving. Have a good day!
  • by Anonymous on Jan 16, 2009 at 04:23 AM
    Incredibly disappointed. I agree with all below. Can't believe how quickly it happened.
  • by Satan Location: Hell, NC on Jan 15, 2009 at 08:28 PM
    You aren't surprised that she lied... are you? Duh... its politics! And by the way, Ms Dole was no fighter for eastern NC either... put them both in a barrel and shake'um up!
  • by VBush Location: MHCY on Jan 15, 2009 at 07:28 PM
    She opposed it while she was running because it wasn't popular with the folks. Now she has been elected and she is going to support it.
  • by MrT Location: LaNC on Jan 15, 2009 at 07:08 PM
    Kay may have gotten the votes, but she will never be the Senator that Elizabeth Dole was.
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