Why isn't THAT man running for President?

Loren Faeth <[EMAIL PROTECTED]> writes:

> to Quote Dr. Tom Cobern, Senator from OK regarding the millionaire
> bailout bill :  (or Billionaire bailout bill if you prefer)
>
> "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."
>
> "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."
>
> "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."
>
> This is one of the most coherent things I have seen coming out of the
> general vicinity of the District of Columbia.
>
> Loren Faeth 
>
>
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-- 
1983 300D

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