Republicans Offered Better Solution to Hold Wall Street Accountable

PRESS RELEASE - Washington (Jul 15) House Republican Leader John Boehner (R-OH) issued the following statement after the Senate passed the Democrats’ job-killing Wall Street bailout bill: “The American people want reform, not more bailouts from Washington Democrats for their Wall Street allies. The Democrats’ bill makes bailouts permanent, enshrines ‘too big to fail’ into law, and fails to reform the government mortgage companies that sparked the meltdown by giving high-risk loans to people who couldn’t afford it, and it needs to be fixed. House Republicans offered a better solution to stop the Democrats’ permanent bailouts, reform Fannie Mae & Freddie Mac, and protect taxpayers and help small businesses create jobs. Our plan holds Wall Street accountable; the Democrats’ plan lets them off the hook. It’s time to start listening to the American people and work together on common-sense solutions to end the bailouts, reform Fannie Mae and Freddie Mac, and make Wall Street responsible for its actions.”

NOTE: Republicans offered comprehensive financial regulatory reform legislation – the Consumer Protection and Regulatory Enhancement Act (H.R. 3310) – designed to (1) stop the Democrats’ permanent bailouts for their Wall Street allies; (2) protect taxpayers and create jobs; (3) address Fannie Mae & Freddie Mac reform, the root causes of the housing meltdown & financial crisis; and (4) rein in the out of control Federal Reserve & end “too big to fail.”

HR3310 was introduced in the House on 7/23/2009. --bc Read More......

Boehner: Dems prepare to pass health care takeover without a vote

REPUBLICAN LEADER JOHN BOEHNER'S BLOG, 3/10/2010 - "The twisted scheme by which Democratic leaders plan to bend the rules to ram President Obama’s massive health care legislation through Congress now has a name: the Slaughter Solution. ∴ The Slaughter Solution is a plan by Rep. Louise Slaughter (D-NY), the Democratic chair of the powerful House Rules Committee and a key ally of Speaker Nancy Pelosi (D-CA), to get the health care legislation through the House without an actual vote on the Senate-passed health care bill. You see, Democratic leaders currently lack the votes needed to pass the Senate health care bill through the House. Under Slaughter’s scheme, Democratic leaders will overcome this problem by simply “deeming” the Senate bill passed in the House - without an actual vote by members of the House." Read more at Rep. Boehner's blog... Read More......