Oct 03 2008
Foxx statement on House bailout vote
FOR IMMEDIATE RELEASE
Contact: Aaron Groen
October 3, 2008
202-225-2071
Foxx statement on House bailout vote
Washington, DC-Congresswoman Virginia Foxx released the following statement today after the House of Representatives voted for the second time on a $700 billion bailout bill:
“Over the past week, I’ve been working hard to convince my colleagues that we have superior alternatives to the Bush/Paulson plan. In conversations with both Democrats and Republicans I’ve been convinced that Congress has real alternatives to this risky $700 billion bailout.
“That’s why I joined with a bipartisan group who asked Speaker Pelosi and Republican Leader Boehner to take a second look. Unfortunately, our leadership chose not to listen to concerns from both sides of the aisle and once again forced a flawed plan on the House. This plan does not address the underlying causes of today’s financial crisis, it contains billions in pork from the Senate and it puts taxpayers on the hook for Wall Street’s bad investment decisions. I can not vote to support such an ill-advised plan.”
Note: Yesterday Congresswoman Virginia Foxx joined a bipartisan group of Congresswomen to write to Speaker Nancy Pelosi and Republican Leader Boehner urging them to consider an alternative plan. You can read the entire letter by clicking here
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