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DeMint Statement on AIG

September 17, 2008

For Immediate Release: September 17, 2008

U.S. Senator Jim DeMint (R-South Carolina)

Contact: Wesley Denton (202) 228-5079

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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http://demint.senate.gov/public/index.cfm?FuseAction=PressReleases.Detail&PressRelease_id=714767d9-fa2b-216a-eaec-63380c279b16

One Comment leave one →
  1. September 17, 2008 1:21 pm

    Megga Dittos Senator!
    Americans are concerned that government is burdening the taxpayers with these bailouts. I thought that America is “the land of opportunity”. Opportunity affords one the possibilty of success or failure. Thank you Senator Demint for expressing the taxpayers sentiment so clearly.
    Ron Turner
    Summerville, SC

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