Posted on 11/16/2008 4:21:28 PM PST by flattorney
- - Says Taxpayers Demand Real Reforms & Accountability From Washington
WASHINGTON—U.S. Sen. John Cornyn, R-Texas, a member of the Senate Budget Committee, made the following statement regarding today’s announcement by Senate Democratic Leader Harry Reid that he will seek Senate passage next week of a $25 billion bailout for the U.S. auto industry. Senator Reid’s support for this latest government bailout comes on the heels of yesterday’s announcement from the Treasury Department that the federal government has a record deficit of $237.2 billion for the first month of the fiscal year. This represents the highest monthly imbalance on record.
“Like the vast majority of Americans, I support a strong, productive domestic auto industry. I would like to see it remain a viable part of our economy, particularly as we work to protect our environment. But also like most Americans who are concerned about the direction of our economy and more federal spending, I must also ask – when is enough, enough? “The federal government is facing a record budget deficit which continues to rise. The reckless, and perhaps illegal, actions of some on Wall Street have forced us to pass a $700 billion economic stabilization bill to save Main Street businesses. The Federal Reserve has made an additional $2 trillion in taxpayer-funded loans to troubled financial institutions, but has refused to submit to even the most modest level of transparency.
“And yet, with the very first vote after the election, Democratic leaders in Congress want to pass a $25 billion handout to Detroit with no promises of reform, accountability, or transparency by the automakers and their union base. This is bad public policy and an affront to taxpayers who are demanding fiscal responsibility and accountability from their government. “It’s time for both parties to work together to control government spending and impose some fiscal discipline in Washington. Unfortunately, this ill-conceived proposal takes us in the wrong economic direction, instead of the right one.”
###
Sen. Cornyn serves on the Armed Services, Judiciary and Budget Committees. In addition, he is Vice Chairman of the Senate Select Committee on Ethics. He serves as the top Republican on the Judiciary Committee’s Immigration, Border Security and Refugees subcommittee and the Armed Services Committee’s Airland subcommittee. He served previously as Texas Attorney General, Texas Supreme Court Justice, and Bexar County District Judge.
Senator Cornyn was instrumental, with others, in assisting Pete Olson to recently beat democrat Nick “SoroBoy” Lampson to regain Republican control over Tom DeLay’s previous HR TX-22 seat. See related FR threads
Cornyn Set to Take Over GOP’s Senate Campaign Committee (NRSC)
“FlAttorney’s FR “Straight Talk” The "New GOP"
TAB
Screw that I want a stake in the company.
Republicans can now resist this crap
Havning suffered a sound thrashing by the American electorate, the GOP should feel rather free from playing suck up, reach-across-the-aisle games with the democrats and “moderates” right now
Now, if ole John C. would just come around on the border blunder.
Good point! They might as well raise some hell.
Agreed. I’m very glad I hit the “straight republican” button....
Yes, the Senator did help Olson kick Nicky's azz out of the House. That conservative District 22 finally got someone to represent them, properly.
Cornyn voted “yes” to approve the first bailout vote and also voted for illegal alien amnesty. He’s a RINO of the first order.
John Cornyn is once again showing his mettle.
I thought Cornyn voted against amnesty? Kay Bailey voted for it, or do I have it mixed up.
If you review the record, I believe you will find that Cornyn has been a consistent opponent of amnesty -- even blowing the whistle when a stealth amnesty attempt was working its way through committee.
I want them to get rid of the CAFE rules which are harming these companies.
NO MORE MODERATES!!!
It’s money down the UAW drain. US auto companies should declare bankruptcy, restructure without unions and onerous pension plans under Chapter 11 reorganization plan, and move most of their plants to South, where other (”foreign”) auto manufacturers strive. Without much debt (exchanged for equity under reorganization) and the union yoke, they can become just as successful in the future.
That would save US auto industry, will eventually employ more people in automobile supply chain industries, and would do a wonderful service to 2010 Census. Let the parasitic governments of Detroit and Michigan go bankrupt, after they can no longer bleed their industries and American consumers and taxpayers.
The focus on “greedy CEOs” in gnereal, while some of them may deserve it, is a red herring and is most often misplaced when the industries suffer from federal and state governments’ onerous mandates, taxes and regulations which make them financially uncompetitive.
And the unions, their willing accomplices and fundraisers, are a huge part of the problem - why feed them another $25B of taxpayers maoney? Who is going to point out the real mismanagement, by the government(s) and unions as the primary cause of troubled industries, such as was done last year here?
“Gingrich calls Detroit a disaster, draws ire” - http://www.freerepublic.com/focus/f-news/1874336/posts
S.1387 Title: A bill to amend the Immigration and Nationality Act to authorize the establishment of guest worker programs, to provide for the adjustment of status of certain aliens unlawfully present in the United States to the status of a non-immigrant guest worker, and for other purposes. Sponsor: Sen Cornyn, John [TX] (introduced 7/10/2003)
You can find Sen. Cornyn’s email form at http://www.usa.gov
I thought Cornyn was the one who famously had John McCain drop the F-bomb on him because he opposed McCain’s amnesty plan. Do I have my facts wrong?
I’m glad to see he voted against this one. I wrote a heated letter to him after his first bailout vote!
Here’s his immigration record
http://profiles.numbersusa.com/improfile.php3?DistSend=TX&VIPID=1081
His immigration/amnesty record is a mixed bag. I would say he has voted against amnesty more often than for it (there have been a lot of different bills put out there, I didnt’ realize how many!), but he has definitely not been 100% strong on amnesty issues.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.