CONGRESSMAN ADERHOLT STATEMENT ON THE FINANCIAL RESCUE BILL VOTE

WASHINGTON, D.C. – Congressman Robert Aderholt (R-Haleyville) today made the following statement on his vote on the Financial Rescue Bill.

“The vote that I cast today in opposition of the $700 Billion Bailout Plan is one of the most difficult votes I have decided since my time as representative of the 4th Congressional District of Alabama.”

“The Administration's request amounts to the largest corporate bailout in American history and it is one that I am not comfortable with supporting. There are no easy answers to the current disarray in our economy but there are alternatives to massive government spending that we should explore.”

“We were told that this bailout was a choice between the lesser of two evils.  If that is the case, I believe that we have an obligation to safeguard taxpayers above all else.” 

“Congress must not hastily embrace a cure that may do more harm to our economy, especially when the American people overwhelmingly object the legislation.”

“Now that this bail-out legislation has failed, Congress must stay in session to address this problem in a way that is acceptable to the American people. We can’t proceed with the same bill. Congress must put together a proposal that will not only work but will restore the trust of the American people.”

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