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Statement by Gov. Rick Perry on Texas Challenge of Offshore Drilling Moratorium

| August 15th, 2010 by in Texas Politics

Gov. Rick Perry today issued the following statement regarding Texas’ lawsuit against the Obama Administration over its offshore drilling moratorium:

“Once again, the Obama Administration has demonstrated a flagrant disregard for the rights and economies of states and the well-being of those whose jobs depend upon a safe and vibrant energy industry, many of whom live in Texas,” Gov. Perry said.  “It is unfortunate Texas must take such action against the federal government, but I will do everything in my power to preserve our state’s economy and the jobs that feed our families.  The jobs and livelihoods of too many Texans are at stake for them to be denied a voice by the Obama Administration and their federal bureaucracy.” Continue reading..

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The Dodd-Frank Bailout is Already Here

| August 15th, 2010 by in Economy/Budget, US Politics

On July 21, when President Barack Obama signed the Dodd-Frank financial regulation bill, he promised: “There will be no more taxpayer-funded bailouts. Period.” How long will this Obama promise last? Well, The New York Times reports today that  “the Obama administration on Wednesday pumped $3 billion into programs intended to stop the unemployed from losing their homes,” including a program announced by the Department of Housing and Urban Development that “will draw on $1 billion authorized by the new financial overhaul law.” That’s right. The Dodd-Frank “no more taxpayer-funded bailouts forever” bill is not even a month old, and already President Obama is using it to turn your tax dollars into yet another bailout. Continue reading from The Heritage…

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