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DeGette On Financial Market Crisis

Press Release

Location: Washington D.C.

DeGette On Financial Market Crisis

U.S. Rep. Diana DeGette, Vice Chair of the Committee on Energy and Commerce, today offered the following comments on the troubling news in the financial markets:

"The recent turmoil in the financial markets further illustrates the failure of the Republican's economic policies. Americans across the nation - and throughout Colorado - are feeling the strain of rising health care costs, record energy and gas prices, and the fallout from the mortgage crisis.

"The Republican Party's policies are out-of-touch with mainstream America and the challenges that lie ahead. President Bush mischaracterized today's events as simply an ‘adjustment,' while Senator McCain turns his head the other way saying the ‘fundamentals of our economy our strong.'

"The Democratic Congress has taken steps to strengthen our economy by passing a bipartisan economic stimulus package and efforts to shore up the nation's housing finance system. I look forward to working with my colleagues on another economic recovery package that will help our economy -- which continues to suffer as a result of the last eight years of Republican fiscal mismanagement. "

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