We need to focus on banking system, not Wall Street

Washington DC – Congressman Devin Nunes released this statement following House passage of the Wall Street bailout legislation:

“Our economy has slowed to a crawl and American workers are worried about their jobs.  These conditions are clear arguments for action by our government.  The question each of us had to ask was whether or not the $700 billion Paulson plan was right for our country.  In the final analysis, I believe it is wrong.

My goal in opposing the Paulson plan was to seek changes, not to kill needed legislation.  I and others sought to change the focus from failed Wall Street investments to the financial health of our banks.

Watch Congressman Nunes on the House Floor debating the Paulson plan. 

Watch Congressman Nunes on C-SPAN.