Notice: WNCS see this
From: Travis From: Congresswoman Sue Myrick <[EMAIL PROTECTED]> Subject: The Article You Haven't Seen... Date: Tuesday, September 23, 2008, If you are having trouble viewing this message, please click here<http://myrick.congressnewsletter.net/mail/util.cfm?gpiv=1999878382.75194.7&gen=1> . *September 23, 2008* *Unsubscribe<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=unsubscribe&gpiv=1999878382.75194.7&gen=1> * *Update My Profile<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=profile&gpiv=1999878382.75194.7&gen=1> * [image: US Congresswoman Sue Myrick, North Carolina, 9th District]<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=clickthru&gpiv=1999878382.75194.7&gen=1&mailing_linkid=1581> *Representative Sue Myrick - North Carolina, 9th Congressional District * *Website<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=clickthru&gpiv=1999878382.75194.7&gen=1&mailing_linkid=1583>| Biography<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=clickthru&gpiv=1999878382.75194.7&gen=1&mailing_linkid=1584>| Services<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=clickthru&gpiv=1999878382.75194.7&gen=1&mailing_linkid=1585>| Legislative Resources<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=clickthru&gpiv=1999878382.75194.7&gen=1&mailing_linkid=1586>| Media Center<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=clickthru&gpiv=1999878382.75194.7&gen=1&mailing_linkid=1587>| Links<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=clickthru&gpiv=1999878382.75194.7&gen=1&mailing_linkid=1588>| Contact<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=clickthru&gpiv=1999878382.75194.7&gen=1&mailing_linkid=1582> * *Congress' fiscal conservatives declare free market 'dead'* You've seen a lot of coverage during the past week on the economic crisis in our country and the government buyout of private corporations. But what you probably haven't seen is the article below. McClatchy Newspapers ran the article. *The Charlotte Observer* is owned by McClatchy, but for some reason, this article did not run in the *Observer.* I thought you might be interested in reading it. Sincerely, Sue Myrick Member of Congress Congress' fiscal conservatives declare free market 'dead' By James Rosen | McClatchy Newspapers September 19, 2008 WASHINGTON — Fiscal hawks who dominate the Republican Party's conservative wing have watched in dismay as President Bush, presidential candidate John McCain and Republican leaders in Congress fall in line behind a federal rescue mission of historic proportions. Almost overnight, Republican lawmakers who came to Washington vowing to slash Big Government are powerless to stop what could be one of the largest government expansions since the Great Depression. Sen. Jim Bunning, a Hall of Fame pitcher-turned-senator from Kentucky, threw a knockdown pitch Friday from the crumbling mound of fiscal conservatism. "The free market for all intents and purposes is dead in America," Bunning said. Treasury Secretary Henry Paulson acknowledged that the Wall Street rescue plan will cost "hundreds of billions" of dollars. Sen. Jim DeMint, a South Carolina Republican who has railed against government spending since joining the Senate in 2005, thought that estimate was low. Decrying "this socialization of risk," DeMint said, "What we need now is not what could be nearly a trillion dollars in new taxpayer bailouts, but pro-growth policies that allow our markets to correct and start growing again." For DeMint and other anti-spending politicians, the summer of 2008 has been disastrous. Fiscal conservatives have fumed for months as Washington bailed out investment bank Bear Stearns, took over mortgage companies Fannie Mae and Freddie Mac and rescued global insurer American International Group. Congress is also weighing a $25 billion loan sought by the Big Three automakers in Michigan. Those moves are spare change compared with the sweeping series of new steps aimed at averting financial panic and recharging the economy. "We must act now to protect our nation's economic health from serious risks," President Bush said Friday. Not all were convinced. Conservative columnist Michelle Malkin lambasted "the mother of all bailouts" and declared "the death of fiscal conservatism." Malkin scolded her readers who were blaming the crisis on the Democrats who took control of Congress in the November 2006 elections. "This is your Bush legacy — not Pelosi's, not Reid's, not Obama's," Malkin wrote, naming the leaders of the House and Senate and the Democratic presidential nominee. "Fiscal conservatism has been on life support for quite some time. Bush/Paulson pulled the plug permanently today." McCain, the Republican presidential nominee, now backs increased government regulation with a huge price tag that contradicts his career-long stance against excessive government spending. Events moved so fast this week that McCain opposed the bailout of AIG on Wednesday but backed it by Thursday. Thirty-one House Republicans sent a letter to Paulson and Federal Reserve Chairman Ben Bernanke, asking them to stop using federal funds to save private firms. "These massive federal bailouts have exposed taxpayers to literally tens of billions of dollars of new risk," they wrote. Among the letter's signers were Reps. Tom Feeney and Connie Mack of Florida; John Doolittle and Darrell Issa of California; Jerry Moran of Kansas; Jeb Hensarling, Louie Gohmert and Sam Johnson of Texas; Virginia Foxx and Sue Myrick of North Carolina, and Thad McCotter of Michigan. "Government can't just continue to put the taxpayer on the hook for paying for everything," said Myrick, who has one of the strongest records of voting against federal spending. As the political freight train of the financial-services bailout hurtled forward, the fiscal conservatives' appeals could barely be heard. On the campaign trail in Minnesota, McCain said "an inexcusable lack of financial transparency allowed Wall Street firms to engage in reckless behavior that padded their profits and fattened executive bonuses when times were good." Behind the scenes, McCain economic adviser Douglas Holtz-Eakin said that the Republican presidential candidate would support the rescue plan being hammered out by Bush, his financial team and congressional leaders. McCain "welcomes all proposals that reasonably address this crisis," Holtz-Eakin said. (Halimah Abdullah and Lisa Zagaroli of the McClatchy Washington Bureau contributed to this article.) *Please Feel Free to Tell a Friend About my Enewsletter* E-mail: E-mail: E-mail: Do you feel that the government should spend federal dollars to bail-out private corporations? Yes No Undecided *By answering this survey, you are subscribing to my newsletter. If you are having trouble, click here.<http://myrick.congressnewsletter.net/mail/util.cfm?gpiv=1999878382.75194.7&gen=1> Areas of Interest Please choose the areas in which you are interested Budget/Economy Business/Trade Crime Education Energy Family Values Healthcare Illegal Immigration National Security/Defense/Homeland Security Taxes/Spending Threats from Radical Islamist Extremists/Terrorism Veterans *By answering this survey, you are subscribing to my newsletter. If you are having trouble, click here.<http://myrick.congressnewsletter.net/mail/util.cfm?gpiv=1999878382.75194.7&gen=1> *Contact Information* *Click Here to Email Representative Myrick<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=clickthru&gpiv=1999878382.75194.7&gen=1&mailing_linkid=1590> *<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=clickthru&gpiv=1999878382.75194.7&gen=1&mailing_linkid=1591> *Charlotte Office* The Honorable Sue Myrick 6525 Morrison Blvd., Suite 402 Charlotte, NC 28211 Phone:(704) 362-1060 Fax:(704) 367-0852 *Washington D.C. Office* The Honorable Sue Myrick 230 Cannon House Office Bldg. Washington, D.C. 20515 Phone:(202) 225-1976 Fax:(202) 225-3389 *Gastonia Office* The Honorable Sue Myrick 197 West Main Avenue Gastonia, NC 28052 Phone:(704) 861-1976 Fax:(704) 864-2445 *Update My Profile*<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=profile&gpiv=1999878382.75194.7&gen=1> * - Unsubscribe<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=unsubscribe&gpiv=1999878382.75194.7&gen=1>- Privacy Policy<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=clickthru&gpiv=1999878382.75194.7&gen=1&mailing_linkid=1589> *<http://myrick.congressnewsletter.net/mail/util.cfm?mailaction=clickthru&gpiv=1999878382.75194.7&gen=1&mailing_linkid=1589> -- *~@):~{> --~--~---------~--~----~------------~-------~--~----~ Thanks for being part of "PoliticalForum" at Google Groups. For options & help see http://groups.google.com/group/PoliticalForum * Visit our other community at http://www.PoliticalForum.com/ * It's active and moderated. Register and vote in our polls. * Read the latest breaking news, and more. -~----------~----~----~----~------~----~------~--~---
