Jul 23 2008
McHenry Opposes $5 Trillion Mortgage Bailout
FOR IMMEDIATE RELEASE
July 23, 2008
Contact: Brock McCleary
(202) 225-2576
McHenry Opposes $5 Trillion Mortgage Bailout
WASHINGTON - Today, Congressman Patrick McHenry issued the following statement in response to the forthcoming vote on H.R. 3221, the Mortgage Bailout Bill.
“Every Western North Carolina taxpayer is going to foot the bill for a $5 trillion bailout of irresponsible financial institutions. That is just plain wrong. I have been fighting this corporate bailout every step of the way and will vote against it.”
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I am going to add in my own note here. I’m pleased to hear that McHenry stood against this travesty. This astronomical bailout is going to put money in the hands of failed CEOs and suits on Wall Street courtesty of you and me. We’re no longer heading down a road to Socialism. When our tax dollars are being used to prop up corporations and pay off peoples’ mortgages we’re already there.
