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No More Bailouts
Dec 8, 2008
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It’s official. Washington’s favorite word this year is "bailout." It’s been overused by Congress’ elite in hopes of rescuing their corporate friends from poor decision-making. It’s been used to pick the pockets of the already hurting taxpayer. It’s become a euphemism for robbing Peter to pay Paul.
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Bailing out the bad actors, punishing the good
Nov 26, 2008
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Not quite two months ago, Treasury Secretary Henry Paulson came to Congress with an unprecedented request: 700 billion taxpayer dollars to bail out America's major financial institutions. In a three-page proposal, Paulson outlined his plan to purchase firms' troubled assets and transfer that debt to...
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Living With Bailout Regrets
Oct 23, 2008
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Recently, in a series of incredibly bold moves over the course of a week, the Federal Reserve and U.S. Treasury took historic steps to intervene in the American economy. And, the American public barely batted an eye.
First, the Fed took the nearly unprecedented step of buying up unsecured debt. Wh...
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We need to start making reforms now
Oct 15, 2008
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Millions of Americans watched helplessly over the past several weeks as Congress took more than a trillion dollars from them in an effort to bail out Wall Street and stabilize the markets.
As they watch the Dow drop and hear excuses about why the bailout’s not yet working, these same Americans no ...
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When Will We Sour On The Sweeteners?
Oct 8, 2008
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With all the attention last week focused on the massive $700 billion bailout bill that the administration and Democrat leadership were pushing through Congress, there was little notice of the $110 billion in pork added to bait members of Congress into voting for the package.
The bailout bill was ba...
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How we got into this mess ...
Sep 26, 2008
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When Bear Stearns hit bottom in March, the credit crisis claimed its first big Wall Street victim. Treasury Secretary Hank Paulson said we had to bail out the bleeding financial giant at a cost to the taxpayers of $29 billion. Paulson said that would stabilize the markets. But it didn't.
Next, Paul...
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Bachmann: Laying out a strategy for America's energy
Sep 18, 2008
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Right now, it's a soccer mom who can't fill the tank of her minivan, the corner grocer who has to raise prices on his stock, and the trucker struggling to make ends meet. Soon it will be a family choosing between a high heating bill and Christmas gifts for the kids.
Energy independence is not a n...
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As Nation Says 'Drill,' Nancy Says 'Stall'
Aug 21, 2008
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THIS summer, rather than taking a family vacation, many Americans had to take on a second or third job to offset rising energy costs. Meanwhile, Congress has done . . . nothing. For that, we can thank the Democratic leaders of the House of Representatives.
Since the start of the 110th Congress, th...
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America's Energy Future
Aug 21, 2008
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It’s no secret that our nation is in the midst of an energy crisis. In just over one year, Americans have seen gas prices double. Families are suffering and many are struggling to pay their bills and make ends meet. Congress needs to do everything in its power to increase American-made energy produc...
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Put all options on the table
Aug 10, 2008
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Minnesotans deserve the facts about our energy resources and what can be done to bring down energy costs.
In a crisis of this nature, America cannot afford to leave any energy alternative off the table — conservation, coal, oil, wind, solar, biofuels, geothermal or nuclear. That's why I support...
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