Mack: Democrats Continue to Push Failed 'Big Government' Policies President Obama announced further government intervention on the size and business activities of banks and proposed strict rules that would interfere with the daily activities of the banking industry.
BigNews.Biz - Jan 24,2010 - WASHINGTON – Congressman Connie Mack (FL-14) issued the following statement today after President Obama announced further government intervention on the size and business activities of banks and proposed strict rules that would interfere with the daily activities of the banking industry.
Mack said:
“For the past year, President Obama and the Democratic Leadership in Congress have pursued a liberal, Big Government agenda, the basis of which is wealth redistribution: they believe in unfairly taking from one group to give to another. They’ve done it with stimulus funding, they’ve cherry-picked winners and losers in the auto industry bailouts, and they want to force a majority of Americans to join a government-mandated health care plan.
“And now President Obama and the Democrats in Congress are setting their sights on the financial sector in an obvious and mean-spirited attempt to play class warfare and pit the American people against the banks and the entire financial industry. Instead of seeking free-market solutions that allow the financial sector to recover and prosper, Democrats want to impose severe restrictions on banks and slap them with outrageous taxes – and we all know that it is ultimately the American people who will pay in the end.
“As President Ronald Reagan once said, ‘Government is not the solution to our problem, it is the problem.’
“President Reagan was right. Freedom and free markets, not Big Government, will unleash the American entrepreneurial spirit and get our economic engine moving again.”
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