Rep. Lynn Westmoreland (GA) published a post on RedState today, entitled, "The Bailout That Never Ends." Please see the following excerpt:
The $700 billion Wall Street bailout last year proved exceedingly unpopular with regular Americans. Nevertheless, House Democrats, with their tin ears to the ground, are looking to make bailouts the status quo by creating a permanent bailout fund.
The financial regulation bill cooked up by Rep. Barney Frank (D-Mass.), the “Barney Bill,” offers a smorgasbord of bad policies that will affect every American. The Barney is yet another leg of the Giant Government Takeover of major industries pushed through the House this year. If your appetite for bigger government wasn’t satiated by the Car Takeover (GM and Chrysler), the Energy Takeover (cap and trade) or the Health Care Takeover, Barney has something designed just for you: The Financial System Takeover.
There are many reasons to oppose the financial regulatory overhaul bill on the floor this week, but the major reasons are that it will further tighten credit, allow bureaucrats to chop up U.S. businesses they deem “too big,” cost consumers more and kill jobs.