|
View Text Only
| Privacy
Policy
|
Contact My Office |
Acadiana
800 Lafayette St.,
Suite 1200
Lafayette, LA 70501
Phone: (337) 262-6898
Fax: (337) 262-6373
Baton Rouge/River Parishes
858 Convention St.
Baton Rouge, LA 70802
Phone: (225) 383-0331
Fax: (225) 383-0952
Central Louisiana
2230 S. MacArthur Dr., Suite 4
Alexandria, LA 71301
Phone: (318) 448-0169
Fax: (318) 448-0189
Northeast Louisiana
1217 N. 19th St.
Monroe, LA 71201
Phone: (318) 325-8120
Fax: (318) 325-9165
Northwest Louisiana
920 Pierremont Road, Suite 113
Shreveport, LA 71106
Phone: (318) 861-0437
Fax: (318) 861-4865
Southeast Louisiana
2800 Veterans Blvd.,
Suite 201
Metairie, LA 70002
Phone: (504) 589-2753
Fax: (504) 589-2607
Southwest Louisiana
3221 Ryan St., Suite E
Lake Charles, LA 70601
Phone: (337) 436-0453
Fax: (337) 436-3163
Washington, D.C.
516 Hart Senate Office Building
Washington, DC 20510
Phone: (202) 224-4623
Fax: (202) 228-5061
|
|
Vitter Issues Statement on Release of Additional TARP Funds |
|
|
|
January 12, 2009 - Untitled Document
(Washington, D.C.) – U.S. Sen. David Vitter today issued the following statement in response to President Bush’s request to release additional funds under the Troubled Assets Relief Program on behalf of President-elect Obama’s incoming administration. The decision would release the second $350 billion of the $700 billion authorized by Congress last fall in response to the widening financial crisis. “When I publicly opposed the first bailout back in September, I did so because I was concerned that it would lead us down a slippery slope and encourage further bailouts. By now, it is clear that it has. Since then, we’ve bailed out mismanaged auto companies, and now we are seeing a move in Congress to ensure that the entire $700 billion authorization will be spent. “Considering the harsh criticism that has accompanied the management of the first half of the $700 billion released by the government, I believe that the release of the other half would be grossly irresponsible. The safeguards that Congress has put in place to prevent the misuse of this money amount to little more than window dressing. I continue to oppose these bailouts, and I believe that responsible action demands some form of oversight. “Although President Bush has to officially request that Congress release this money, congressional action is not required to release the remainder of these funds. But this process does allow Congress to pass a disapproval resolution to prevent the release of these funds, and I plan on leading an effort that would do just that. Before we write another $350 billion check, we must ensure that the money will be used effectively. We cannot afford – and our kids and grandkids cannot afford – to make any more mistakes,” said Vitter. |
|
Untitled Document
When Congress passed an unprecedented $700 billion bailout of the financial sector, I warned that it would pave the way for future bailouts, and sadly, that prediction has proven true as the Big Three American car manufacturers are asking for a $25 billion bailout. No one wants these companies to fail, but it would be a grave mistake for the federal government to bailout these companies without fundamentally reforming their business models. Mobile Office Schedule
|
|
|
|
|
|
|
|
|
|
|
Sen. Vitter Calls to Close MRGO.
Sen. Vitter outlines a plan to close the Mississippi River Gulf Outlet (MRGO). |
|
|
|
|
|
|
|