NTU Vote Alert on Bailout

"Congress helped to create this debacle with the Community Reinvestment Act, poor tax policies, hastily designed mark-to-market regulations, and spectacular negligence with regard to the systemic risks posed by Fannie Mae and Freddie Mac. Instead of addressing those core problems, this disgraceful plan snatches $700 billion from the pockets of hard-working Americans, the vast majority of whom had no part in this horrific play."

"Congress apparently decided to listen to a few political heavy-hitters in the financial community about the need to shovel boatloads of taxpayer money into their faltering businesses, rather than listening to their constituents who have stridently opposed this giveaway. Surely some Senators will reap what they have sown at the ballot box for their shocking negligence of taxpayers’ concerns."

Government Bytes: The Official Blog of National Taxpayers Union