Steve Beren: No to the Bailout!

Press Release

STEVE BEREN: NO TO THE BAILOUT!

Excerpts from Statement by Steve Beren, Republican congressional candidate (WA - 7th CD)

I'm a strong opponent of the proposed $700 billion bailout, standing with Newt Gingrich, Congressman Mike Pence (R-Indiana), Senator Richard Shelby (R-Alabama), Senator Jim DeMint (R-South Carolina), George Will, Congressman Ron Paul (R-Texas), Michelle Malkin, and many others.

If this $700 billion bailout is such a good "investment," it is not necessary - because in that case, letting the market work would eventually bring forth those investors. And if this $700 billion bailout is not a good "investment," it won't become a worthwhile investment just because the taxpayers are put on the hook.

Instead of dropping a $700 billion bill on the taxpayers, we should face the current economic challenges with long-term and fundamental solutions that promote economic growth and increased flow of capital investment.

We need to lower corporate taxes, sharply reduce the size of government, reverse the negative economic effects of illegal immigration, and reverse the negative economic effects of dependence on Mideast oil.

As Congressman Mike Pence (R-Indiana) stated: "The decision to give the federal government the ability to nationalize almost every bad mortgage in America interrupts this basic truth of our free market economy.... [T]his bill ... remains the largest corporate bailout in American history, forever changes the relationship between government and the financial sector, and passes the cost along to the American people. I cannot support it. Before you vote, ask yourself why you came here and vote with courage and integrity to those principles. If you came here because you believe in limited government and the freedom of the American marketplace, vote in accordance with those convictions.... We have fought the good fight. Now we need to finish the race and make sure that posterity and the American people know there were conservatives who opposed the leviathan state in this dark hour." Source of Mike Pence quote: http://tinyurl.com/3uhgep

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