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Bailout Failure Shows Lack of Leadership

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Location: Canton, OH


Bailout Failure Shows Lack of Leadership

Republican congressional candidate Kirk Schuring said today's defeat of the financial markets bailout proposal in the House again demonstrates that Washington is broken and has lost its ability to plan and use common sense to solve problems.

The House on Monday defeated a $700 billion emergency rescue for the nation's financial system, showing once again that the system is broken. The vote was 228-205.

"The failure of our elected leaders on both sides of the aisle to work out a solution to this very important issue underscores their ineffectiveness. When it really mattered, members of both parties failed to step up and get the job done. What is really troublesome, rather than staying to solve the problem they decided to go home and point fingers at each other," Schuring said.

While this blame continues, Schuring said he is concerned that Americans soon won't be able to get home loans, car loans or small business loans.

"This is another example of why I am running against Washington. Ninety percent of the contributions to my campaign have come from this district and not from Washington. As a congressman, I'll bring common sense ideas and work with others to get things done.

"We must give taxpayers greater assurances that their tax dollars will be paid back."


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