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Statement by Rep. Shelley Moore Capito on financial bailout vote

October 03, 2008

WASHINGTON - Rep. Shelley Moore Capito, R-W.Va., released the following statement Friday after voting against the financial bailout bill:

"While we've seen some key adjustments around the edges, this is fundamentally the same bill we considered on Monday," said Capito. "We're still talking about $700 billion dollars, and we're still talking about a process that lacks sufficient oversight and taxpayer protections for West Virginia families who pay their bills and play by the rules. It's not even clear why $700 billion was the chosen number.

"Clearly we're all concerned about ensuring the flow of credit, shoring up small businesses, preserving West Virginia jobs and protecting retirement accounts, but there were other options available that weren't even allowed to be considered. Instead of a serious look at how to reduce the cost to the taxpayer, we saw the add-on of various provisions designed to convince us to switch our votes that has actually made this bill $110 billion more expensive.

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"That's not how we should be addressing this problem, and that's not how West Virginians want to see us address this issue."

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