Weekly Address: Filibustering Recovery & Obstructing Progress. From the White House; “The President blasts Republicans in the Senate who are blocking unemployment insurance and small business tax breaks to create jobs, even as they push for permanent, massive tax cuts for the richest Americans.”
“Missourians have a clear choice in this election. If they want a rubberstamp for the liberal policies of Nancy Pelosi, Harry Reid and Barack Obama, they should support Robin Carnahan. But if they want someone who will fight for Missouri families and jobs, they ought to support Roy Blunt.”
From the White House; “The President announces that the independent commission he created for the BP Deepwater Horizon Oil Spill and Offshore Drilling will be chaired by former Florida Governor and Senator Bob Graham and former EPA Administrator Bill Reilly. He promises accountability not just for BP, but for those in government who bore responsibility.”
Rep. Chris Lee (R-NY) on Democrats’ budget failure: “For you and your families, it means a missed opportunity to provide the fiscal discipline economists say is needed to create jobs and boost the economy. Whats worse, the fewer sacrifices Washington makes now, the more Americans will be asked to give up later in the form of massive, job-killing tax hikes.”
From the White House; “The President explains how Wall Street Reform will not only end bailouts and bring accountability for big banks, but empower consumers, shareholders and community banks.”
In the Weekly Republican Address, Sen. Kay Bailey Hutchison warns about Democrats’ financial regulation bill not stopping future bailouts.
Sen. Hutchison says, “Republicans are working to ensure the bill would forbid any future bailouts of Wall Street banks…. The Democrats pushed a bill through the Senate Banking Committee that does not stop future bailouts. Republicans have been attacked for speaking out against it and asking for bipartisan negotiations before allowing the bill to be debated on the Senate floor. But to be clear, we will stand firm against a partisan bill that exposes ordinary taxpayers to future bailouts or favors big companies over community banks across America. The tactics the Democratic leadership used to pass the health care bill must not be repeated.”
She adds, “The fact is a growing number of experts on both sides of the ideological spectrum are coming to see what Republicans have been saying all along: the Financial Regulation Bill contains serious flaws. We believe this bill can be fixed, with a sincere bipartisan solution.”
From the White House; “As the auto industry and financial markets begin to stabilize, the President says the governments emergency interventions can now wind down. He pledges that real reform, particularly on Wall Street, must now begin.”
House Republican Whip Eric Cantor delivers the Weekly Republican Address.
“The Democrats control every lever of power in Washington and theyve never met a tax they didnt like or found a dollar they couldnt spend. Their economic plan? You pay, they spend, your children owe. You deserve better.”
From the White House; “The strongest consumer protections ever. Bringing transparency to financial dealings. Closing loopholes to stop recklessness and irresponsibility. Holding Wall Street accountable and giving shareholders new power in the financial system. President Obama lays out what Wall Street Reform is about, and questions whether opposition from the Senate Republican Leader might have something to do with his recent meeting with Wall Street executives.”
