From the inbox:
This afternoon, U.S. Representative Allyson Schwartz released the following statement concerning the economy.
“During the past eight years, President Bush pushed economic policies based on a house of cards – failed oversight; excessive, uncontrolled debt; irresponsible spending; and a belief that wealth trickles down. His policies left us with a broken economy and one of the worst financial crises seen in generations.
“Right now families throughout Northeast Philadelphia and Montgomery County, as well as across this country, are terrified about what this all means to them.
“I hear their fears and concerns, and let me be clear.
“Time and again over the last eight years the Bush Administration has abused the trust of the American people. To now give a blank check to this Administration, as they requested, is simply unacceptable.
“There are enormous inadequacies in the original proposal presented by Secretary Paulson, and the economic plan will not go forward as presented by the Administration in this Congress.
“I will not support any proposal that does not ensure taxpayer interests are protected and that executive compensation is severely limited. There must be full transparency, oversight and accountability for use of any of these public dollars, and any gains on investments be returned to the public treasury.
“The American public deserves nothing less than a plan that includes these core principles. “
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