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"Wall Street Drunk"--Mr. President, You Gave Them Liquor Cabinet Keys

Date: Sept. 23, 2008
Location: Washington, DC
Issues: Finance and Banking


"WALL STREET DRUNK''--MR. PRESIDENT, YOU GAVE THEM LIQUOR CABINET KEYS -- (House of Representatives - September 23, 2008)

Mr. DOGGETT. Mr. Speaker, a few months ago, President Bush accurately diagnosed the problem he just dumped in the lap of Congress: ``Wall Street got drunk, and now it's got a hangover,'' he said.

Mr. President, you gave them the keys to the liquor cabinet by failing to enforce our laws, and now you are really demanding that Americans who didn't get invited to the party must pay for everything destroyed in the drunken brawl.

These late-night negotiators have not asked the President, ``where do we find $700 billion?'' It is time to demand that the bailout supporters outline the revenue measures necessary to pay for it, and the place to begin is with those who enriched themselves as Republicans removed the cop from the corporate beat.

We need an alternative to just raising the credit card limit, an alternative to more irresponsible borrow-and-spend policies from a President who has borrowed more from foreigners than all previous presidents in American history put together, and who seems determined to continue to mortgage America's future.


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