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Why Should Taxpayers Get the Leftovers?

Date: Oct. 2, 2008
Location: Washington, DC
Issues: Finance and Banking Government Budget and Spending


WHY SHOULD TAXPAYERS GET THE LEFTOVERS? -- (House of Representatives - October 02, 2008)

Mr. DOGGETT. Mr. Speaker, I commend Warren Buffet on his confidence in American business, but his recent combined investment in Goldman Sachs and General Electric was not a charitable donation. He is not purchasing toxic securities; he is buying preferred stock. Why should American taxpayers get anything less? Why does he buy the preferred, and we buy the leftovers?

I share my neighbors' concerns about the impact of some in Washington hitting the panic button on their retirement, their home, or their business. But when markets are poisoned, you demand the best antidote--Not yield to another of President Bush's take-it-or-leave-it demands.


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