HOUSE Republican Leader John Boehner

Washington, Sep 15, 2008 - House Republican Leader John Boehner (R-OH) today issued the following statement on American and global financial markets:

“All across America, families are struggling with the fallout from the turmoil in the housing and financial markets – another sign that the destructive tax-and-spend economic policies promoted by this Democratic Congress are failing to meet the needs of workers, seniors, and small businesses.  Acting in a responsible manner to limit even greater danger without using taxpayers’ money on further bailouts must be the federal government’s top priority.  The actions taken over the weekend were unfortunate but necessary.  Going forward, we need to restore confidence in the financial markets and get our economy moving again not by growing the size of the federal government, but by stopping the Democrats’ job-killing tax hike, cutting wasteful Washington spending, reforming oversight of the markets, and unshackling American energy resources to help lower gas prices and create new good-paying American jobs.”

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