Rep. Braley Declares He Has No Regrets For Supporting Taxpayer Funded Bonuses For Wall Street

DES MOINES – With Congress set to negotiate a Continuing Resolution this week, the Republican Party of Iowa is reminding voters that Congressman Bruce Braley doesn’t regret supporting the $700 billion Wall Street Bailout, which included taxpayer funded bonuses for bankers on Wall Street.

As Iowa Public Television reports:


“Elitist Congressman Bruce Braley has no regrets for giving taxpayer funded bonuses to fat cats on Wall Street,” said Republican Party of Iowa spokesman Jahan Wilcox.  “Between his comments denigrating farmers and his record of giving bonuses to the Wall Street elite, we can’t trust Congressman Braley.”

BACKGROUND …

Bailout Bruce Has No Regrets For Supporting The $700 Billion Wall Street Bailout

When Asked If He Regretted Voting For The Wall Street Bailout, Braley Responded “No.” RADIO IOWA’S KAY HENDERSON: “One of the reasons folks are angry is because of the Wall Street bailout. Do you regret voting for that bill?” BRALEY: “No, and because there’s still a big myth about that bailout, Kay, because people keep talking about a $700 billion bailout, that is not what we voted on.” (IPTV’s “Iowa Press,” 12/5/08)

Bailout Bruce Voted For The $700 Billion Wall Street Bailout. “Authorizes the Secretary of the Treasury (Secretary) to establish the Troubled Asset Relief Program (TARP) to purchase troubled assets from any financial institution, in accordance with terms, conditions, policies, and procedures the Secretary develops.” (H.R. 1424, Roll Call Vote #681: Passed 263-171: R 91-108; D 172-63, 10/3/08, Braley Voted Yea; “Summary, H.R. 1424, Introduced 3/9/07)

Bailout Bruce Said Barack Obama Called Him To Persuade Him To Support The Revised $700 Billion Wall Street Bailout. “Rep. Bruce Braley, 1st District Democrat, saidThursday Democratic presidential nominee Barack Obama called him in Iowa to seek his support for the revised $700 billion financial rescue bill. ‘He talked about why he felt it is important to move forward to address this crisis,’ Braley said.” (E. Michael Myers, “Obama Calls Braley, Seeks Support Of Bailout Plan,” The Gazette, 10/2/08)