INHOFE REINTRODUCES BAILOUT BILL AS HE BEGINS 3RD FULL TERM AS SENATOR

WASHINGTON, D.C. – After U.S. Senator Jim Inhofe (R-Okla.) was sworn-in to his 3rd full term in the Senate today, he outlined his top priorities for the coming months and introduced legislation (S. 64) to protect American taxpayers by halting the second installment of the $350 billion bailout. Senators Barasso (R-Wyo.), Wicker (R-Miss.), DeMint (R-S.C.), Lincoln (D-Ark.) and Enzi (R-Wyo.) are original cosponsors of the legislation.

 

 “Today, our nation is suffering from a faltering economy, our troops are standing bravely in the line of duty both at home and abroad, and our taxpayers continue to bear the brunt of the costs of a massive government bailout,” Senator Inhofe said. “As I begin my third full term in the Senate, the pressing challenges facing our nation are many and I am humbled to have the opportunity to serve Oklahomans for another six-years and fight to bring some sanity to Washington and relief to our taxpayers.  

“One of my top priorities is to immediately stop the second installment of the $700 billion bailout.  Our focus in Washington must be on finding ways to spur economic development and increase jobs without the intrusion of big government.  Working together with Democrats, Republicans, and Independents, I am committed to fighting for every taxpaying American who shouldn’t be forced to waste another cent on a program that was wrong in conception and has been executed without regard for taxpayers or future generations.   

“Thousands of troops from across Oklahoma and the nation are currently risking their lives to serve in the War on Terror. Thanks to these brave men and women in the Armed Services, we have made significant strides across the globe in our battle against terrorism.  As a Senior Member of the Senate Armed Services Committee, I pledge to continue to ensure our friends and family in uniform have the best training and equipment possible.  

“Furthermore, as the Ranking Member of the Senate Environment and Public Works Committee, I remain committed to ensuring that we apply sound science to environmental challenges.  Today, as Americans families feel the pain of the economic downturn, we must ensure that we balance environmental protection with common-sense policy.  One place I am sure I will continue to work with colleagues on both sides of the aisle is on improving our nation’s infrastructure.  Infrastructure is an essential part of our nation's economy, and we should not understate the importance of addressing these needs.  I always say the two most important roles of government are national defense and providing comprehensive infrastructure.”

 

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