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To: Joe 6-pack

Senator Santorum Flat Out Lies About Steel Industry Bailout:

Senator Santorum on Meet The Press 2/26/12 claims he never voted for a bailout of the steel industry. Rather he asserts that what he voted for was to enforce tariffs on China.

H.R. 1664: here is the summary of the bill from senate.gov:

An Act providing emergency authority for guarantees of loans to qualified steel and iron ore companies and to qualified oil and gas companies, and for other purposes.

Verbiage directly within the bill itself:

SEC. 101. EMERGENCY STEEL LOAN GUARANTEE PROGRAM. (a) SHORT TITLE.—This chapter may be cited as the ‘‘Emergency Steel Loan Guarantee Act of 1999’’.

(f ) LOAN GUARANTEE PROGRAM.—
(1) AUTHORITY.—The Program may guarantee loans provided to qualified steel companies by private banking and
investment institutions in accordance with the procedures,
rules, and regulations established by the Board.
(2) TOTAL GUARANTEE LIMIT.—The aggregate amount of loans guaranteed and outstanding at any one time under this section may not exceed $1,000,000,000.

It really doesn’t get anymore cut-and-dried than that. The word “tariff” does not even appear in the bill - not once.

You want more?


119 posted on 03/14/2012 8:17:16 PM PDT by SatinDoll (No Foreign Nationals as our President!)
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To: SatinDoll
So you expect Santorum, on a February 2012 TV interview to remember the exact verbiage of a bill he voted on in 1999? And if he misspeaks, you call it a lie?

How about this one of Newt's:

"I do."

He's actually told that one at least twice, not to voters, constituents or media, but to persons much closer to him...

120 posted on 03/14/2012 8:27:56 PM PDT by Joe 6-pack (Que me amat, amet et canem meum)
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