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Press Release

FreedomWorks Cheers House Republicans for Standing Up for Taxpayers

At the recent White House meeting to push a giant Wall Street bailout onto the taxpayers, House Speaker Rep. Nancy Pelosi (D-CA) credited the House Republicans with standing up against this monstrous legislation, saying, “We’re not the ones trying to blow this up. It’s the House Republicans.”

FreedomWorks President Matt Kibbe commented: “Call this bailout what you will—socialism, crony capitalism, corporatism—it has no place in a free country like America, and people know it. The brave stand many House Republicans have taken in opposition to the Wall Street bailout will not go unnoticed by grassroots Americans who have been ringing Congressional phones asking for a solution we can afford that does not privatize profits and socialize losses.”

Kibbe continued, “It is during a crisis when it is most important to stick to your principles. When powerful forces try to push us off course with scare tactics and demand we follow like a lemmings, we must rely on deeply held principles to guide us in the right direction. In this Wall Street bailout battle, those House Republicans opposing this proposal deserve our praise for holding to their principles. They are standing up in opposition to a proposal that would give government unprecedented reach into our economy and do little to reform the failed government programs like Fannie Mae, Freddie Mac, and the Federal Reserve that got us in this predicament in the first place.”

“Reps. Jeb Hensarling (R-TX), Mike Pence (R-IN), Eric Cantor (R-VA), Paul Ryan (R-WI) and Scott Garrett (R-NJ) as well as Sens. Richard Shelby (R-AL), Jim DeMint (R-SC) and Jim Bunning (R-KY) deserve special recognition for the leadership they have shown in this fight to protect the taxpayers. Their vocal opposition is based on their limited government principles that taxpayers should not bail out Wall Street’s failure to make sound investments.”

Kibbe concluded, "Of course, the Democratic leadership in the House, being the majority party, could pass the Paulson legislation any time they wanted—the House Republicans can’t really hold it up. Could it be that House Democrats don’t want to explain to their supporters why they voted for $700 billion in taxpayer dollars for a Wall Street bailout?"