Democrats Vote for Bailouts Twice in 24 Hours

Washington, Apr 27 - Republican Study Committee Chairman Tom Price (R-GA) issued the following statement after the Senate Democrat leadership chose to push for a second vote on their permanent bailout protection bill this afternoon.

“Senate Democrats remain wholly invested in Washington’s bailout mentality,” said Chairman Price. “The American people are tired of seeing their tax dollars used to rescue private companies from the consequences of their own bad decisions, yet the Democrats are trying to make bailouts and too-big-to-fail institutions a permanent part of this now political economy. Instead of holding another pointless vote on their fundamentally flawed bailout protection bill, the Democrat leadership should join Republicans in working to end the bailouts once and for all, streamline the financial regulatory system, protect consumers, and revitalize the dynamic power of our economy.

“House Republicans have already offered a strategy that will accomplish these goals, and our approach also does not ignore the role Fannie Mae and Freddie Mac played in the financial collapse. The Majority remains beholden to a taxpayer financed culture of bailouts that distorts the market at the expense of responsible private sector job creators on Main Street, and no amount of political gamesmanship by our Senate Democrat colleagues will change that fact.” ###

FOR IMMEDIATE RELEASE 4.27.2010 Congressman Tom Price is Chairman of the Republican Study Committee (RSC)