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Walberg Statement on Administration's Financial Plan

Statement

Date: Sept. 22, 2008
Location: Washington, DC
Issues: Taxes Finance and Banking Government Budget and Spending


Walberg Statement on Administration's Financial Plan

U.S. Congressman Tim Walberg (R-MI) today issued the following statement in response to the Bush Administration's plan to bail out the financial market:

"I have serious concerns about putting taxpayer dollars on the line for $700 billion. As this proposal evolves, my priorities are protecting taxpayers, encouraging economic growth and making sure taxpayers are not subsidizing severance packages for failed CEOs. This situation is a clear indication that government regulation did not work because it was not properly implemented."


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