The 111th United States Congress convened today for its first day of session, and I am honored to serve East Texans in the U.S. House of Representatives for a third two-year term. Many critical issues are facing our nation, and I hope members of Congress on both sides of the aisle and I will be able to work together to address them. This includes tackling how to best handle the remaining half of the $700 billion in bailout funds allocated to Treasury Secretary Henry Paulson. As you probably know...
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Bailing out a leaky boat may be the only way to prevent it from sinking, but bailing out sinking banks with taxpayer dollars is no way to keep our economy from sinking. I was one of the House conservatives who opposed the massive bank bailout last October because I didn’t believe that government was smarter than the stock market. And now that about $350 billion in taxpayers’ money has been spent without much success, I think it should stop right now. That’s why when Congress reconvenes -- presum...
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WASHINGTON, D.C. - On seeing that the Administration is in the process of obligating up to $7.7 trillion between Sec. Paulson and Chairman Bernanke's bailout promises, a U.S. Congressman was shocked
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