Kagen Votes For Wisconsin Families, Not Wall Street Speculators
(WASHINGTON, D.C.) — Congressman Steve Kagen, M.D. today voted against an unprecedented $700 billion bailout bill that would have authorized the Bush Administration to use taxpayer resources to prop up Wall Street investment and financial institutions that failed to keep their own their financial houses in order.
“I was elected to represent the best interests of working families in Wisconsin, not tycoons on Wall Street,” Kagen said. “We have seen so many people lose their jobs and struggle just to keep their heads above water. This bill would have been no help to them.”
Kagen said the administration failed to make the case for the bill’s potential effectiveness or to pit to rest concerns over who would ultimately profit from it. He said he is is prepared to return to Washington and stay as long as it takes to help solve the financial crisis, which was precipitated by a lack of oversight by the Bush Administration and eight years of losing borrow-and-spend policies.
“It’s time to get back to the basics,” Kagen said. “Let’s bring those who have broken the law to justice, clean up the mess and write laws that favor families who work hard and play by the rules.”
