Washington, D.C. – Rep. Tom Price (GA-06-R) issued the following statement regarding the proposed $25 billion taxpayer-funded bailout of automakers. Rather than another bailout, Rep. Price seeks a return to pro-growth market principles.

“This disturbing debate marks yet another chapter in what has become the troubling mark of this Congress,” said Rep. Price. “The regularity and scope of these massive bailouts should astound any taxpayer, yet Washington continues down the road to federal intervention and ever-more public handouts to private industries.

“While I am certain we have long since passed it, at some point a line must be drawn. We can no longer ask taxpayers to postpone their own prosperity so that select businesses can maintain the costly status quo. Printing billion dollar sums of cash each time an industry faces turmoil is not an economic solution; it is a moral hazard.

“Responsibility demands that we cease to sacrifice seemingly endless taxpayer funds and begin to focus on revitalizing the fundamentals of our economy. Long-term growth and stability is best achieved when we promote the market principles which gave us the greatest economy in the world, not encourage companies to ignore them. Only by providing pro-growth policies and insisting that all American industries operate with market discipline can we create a strong economic platform to create jobs and give taxpayers a break from these abhorrent bailouts.”