GOP Leader Blog
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In Weekly GOP Address, McCarthy Faults President Obama for Backing “Permanent Bailouts for Wall Street”
Posted by
Kevin Boland
on
April 03, 2010
Delivering the weekly Republican address, Rep. Kevin McCarthy (R-CA) says President Obama is still not listening to the American people and pressing ahead with new job-killing legislation that would guarantee permanent bailouts for Wall Street and make it even harder to save, invest, and hire. The lawmaker notes that Democrats in Washington forced through an extension of the controversial TARP program last year so that they could use it as a slush fund for more wasteful Washington spending. Rep. McCarthy says that Republicans have a plan to get rid of TARP, end permanent bailouts, and institute much-needed accountability so that American taxpayers are protected without being held responsible for reckless decisions made by irresponsible bankers. Now in his second term in Congress, Rep. McCarthy serves as House Republican Chief Deputy Whip and is a member of the House Financial Services Committee.
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