| Turncoat Coburn...
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| by JD Nutt, IG Web-Editor |
| Report last updated on
October 2nd, 2008 -
Oklahoma City, OK. |
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U.S. Senator Tom Coburn (R-Okla.) Says a Financial Stabilization Plan is Necessary, Says political greed in
Congress is root of the problem. - Voted Yes on Bailout -
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U.S. Senator Jim Inhofe (R-Okla.) Says Bailout Plan Must
Be Improved for American Taxpayers. - Voted No on Bailout -
However...
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| Coburn released the statement
below,
full of rhetoric, to the public on September 29th, 2008. Coburn voted yes to the
passage of the bill on October 1st, 2008. Consequently, Coburn had no
knowledge of what the final content of the bill would be. As the public
is well aware, numerous add-on's, also know as sweeteners were attached to
the legislation. Coburn's vote was already cast before the roll call was
made. Coburn has again ignored the taxpayers of Oklahoma that
telephoned, faxed and eMailed the Senators office. |
| (WASHINGTON, D.C.) - September 29th,
2008 - U.S. Senator Tom
Coburn, M.D. (R-Okla.) released the following statement today regarding a
financial stabilization plan Congress is expected to consider this week:
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“Taxpayers deserve to know that there is no guarantee this plan will
work, but there is a guarantee that we will face a financial catastrophe
if we do nothing. If banks continue to fail and stop lending the average
American could lose their job, be unable to secure a loan for a car, home
or college education, and find their life savings and retirement in
jeopardy. Our economy depends on having liquid assets available for credit
and lending just as an automobile engine needs oil. If those liquid assets
stop flowing, our economy will be seriously damaged and will require far
more costly and lengthy repairs.”
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“This bill does not represent a new and sudden departure from free
market principles as much as it represents an emergency response to
congressional actions that have ignored free market principles, and our
Constitution, for decades. If anyone in Washington should offer their
resignation it should be the members of Congress who peddled the fantasy
of free home ownership without risk. No institution in our country is more
responsible for the myth or borrowing without consequences than the United
States Congress.”
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“As much as members of Congress want to find scapegoats, the root of
this problem is political greed in Congress. Members of Congress from both
parties wanted short-term political credit for promoting home ownership
even though they were putting our entire economy at risk by encouraging
people to buy homes they couldn’t afford. Then, instead of conducting
thorough oversight and correcting obvious problems with unstable entities
like Fannie Mae and Freddie Mac, members of Congress chose to ignore the
problem and distract themselves with unprecedented amounts of pork-barrel
spending.”
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“Taxpayers who want to ensure that this doesn’t happen again should
send a very clear message to Washington that it’s time for Congress to
live within its means and restore the principles of limited government and
free markets that made this country great. I will do everything in my
power to ensure that this bill does not lead us down a slippery slope of
European style socialism and slow economic growth. I will also promise
taxpayers that I will do everything in my power to block what I expect
will be hundreds of attempts by politicians in Washington to continue
business-as-usual borrowing and spending in the next Congress. In a time
of crisis, American families have to make hard choices between budget
priorities. So should Congress. If politicians want to create new programs
they should eliminate duplicative programs or reduce funding for less
important programs. The only way we can put this crisis behind us is for
Congress to rejoin the real world of budget choices and consequences
which, as we have seen in recent days, can be ignored for only so long.”
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Again... Something to remember at
the voting booth in regard to the good Doctor.
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| Report Source(s): |
| http://coburn.senate.gov/public/index.cfm?FuseAction=LatestNews.PressReleases |
| http://banking.senate.gov/public/_files/latestversionAYO08C32_xml.pdf |
| http://www.inhofe.senate.gov/public/index.cfm?FuseAction=PressRoom.PressReleases |
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