September 17, 2008 - Washington D.C. - Today, U.S. Senator Jim DeMint (R-SC) made the following statement:
“Americans should be very concerned by the size and frequency of these government bailouts. The easy money, cheap credit policy of the Fed and the guarantees provided by Congress for Fannie and Freddie created a bubble that is now bursting.
“We’re going to have a market correction but it’s not clear yet whether we’re going to have a policy correction. It was failed government policies that enabled these problems to occur in the first place.
“Our leaders need to wake up, exercise some real discipline, and push for policies that reduce the failed role of government and reduce taxes on American investment to attract new capital to our markets.”
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