Thornberry Statement on Latest Financial Bill
House Passes Another "Washington Knows Best" Bill
Washington,
Dec 11, 2009 -
Washington, D.C. – U.S. Congressman Mac Thornberry (TX-13) today issued the following statement after the House voted to pass H.R. 4173, a 1,200-plus page bill that will give the government more control and fundamentally remake the U.S. economy:
“This 1200-plus page bill continues the “Washington-knows-best approach” to anything and everything. It would be breathtaking if we were not already breathless from the global warming, health care, and massive spending bills. It follows the same path of unprecedented and unimaginable government control over the economy and our lives.
“I believe that we should update our financial regulatory structure to reflect changes in our economy and to create jobs by ending the bailouts, reforming the Federal Reserve, protecting consumers without limiting access to credit, and strengthening anti-fraud enforcement. Instead, this bill creates a permanent bailout fund, invents a “Credit Czar,” and expands the powers of the Federal Reserve, which will do nothing to fix the economy or create jobs.
“Government needs to remove itself from bailing out private businesses, running industry, and its heavy-handed reach into our lives. Only then will the incentive to work, to build, and to innovate return and our economy will rise again,” Congressman Thornberry concluded.
For more information on why I voted against this bill, please click here.
