[StBernard] No More Government Bailouts

[Westley Annis]

No More Bail Outs - Senator David Vitter <http://www.kintera.org/TR.asp?a=coJGIRNsFdJQJ6K&s=jkKVK6ORKmK1JbOLIoG&m=npLMJTNBLbLRH> 	 

As many Louisianians wonder why their federal government bailed out Wall Street in the first place, the liberals in Washington like President Obama and Charlie Melancon are getting ready to do it again. This time they want to create a permanent bailout for companies who are "too big to fail."

Not only did Melancon vote for the original Wall Street bailout twice, but he also recently voted for President Obama's $4 trillion permanent Wall Street "emergency" bailout slush fund for the same offenders who helped create this financial mess to begin with. 

Now the liberal big spenders in Washington are focused on jamming this bill through the Senate. I strongly opposed every single one of the bailouts and will continue to fight President Obama's permanent bailout bill in the Senate. <http://www.kintera.org/TR.asp?a=bdJELOMoF8JHI0K&s=jkKVK6ORKmK1JbOLIoG&m=npLMJTNBLbLRH>  Unfortunately, this bailout bill is much like all the other bailouts the left has successfully passed over my objections. It adds more job-killing regulations that will hurt small businesses in Louisiana who are trying to get credit and create jobs. 

As if more than $700 billion in bailouts wasn't enough, the latest Obama bailout bill that Melancon voted for creates a $150 billion bailout fund for companies and their creditors who have a lot of risk. This basically gives the irresponsible banks a taxpayer-funded blank check to continue their risky, debt-inducing ways of business. 

I will continue to fight against the bailouts and the spend, spend, spend mentality of this Administration. <http://www.kintera.org/TR.asp?a=kmKWJfMYIiJ2JtL&s=jkKVK6ORKmK1JbOLIoG&m=npLMJTNBLbLRH> 

Louisianians and Americans have raised their voices and made their demands clear: the government needs to remove its tentacles from every facet of American life and focus on stopping the bank failure from happening again – not creating a permanent bailout fund for repeat offenders like Obama and Melancon are pushing.

Sincerely,

David Vitter