BARR: No more government guarantees

Just one week ago, Treasury Secretary Henry Paulson was demanding that Congress grant him unprecedented, unreviewable authority to spend $700 billion or more to bail-out Wall Street. But in a major rebuke to the administration and to both the Republican and Democratic congressional leadership, the House voted down the 110-page plan that emerged from last weekend´s frenzied — if not unseemly — effort by Mr. Paulson to salvage a bailout deal.

Barr Praises House for Rejecting Wall Street Bailout

“Few people thought it could be done, but members of Congress listened to the people rather than the establishment to vote down the proposed $700 billion bailout of Wall Street," notes Bob Barr, the Libertarian Party presidential nominee.  “Their courageous action gives us a chance to start over.  Our starting point should not be a government bailout.  It should be a market work-out,” says Barr.

Congress Should Vote ‘No’ on Bailout, Says Bob Barr

“The leaders of both the Republican and Democratic Parties are rushing ahead with their $700 billion bill,” says Bob Barr, the Libertarian Party candidate for president.  “Without a single hearing and without considering other solutions, Congress is preparing to put the typical American family on the hook for more than $8,000.  Legislators in both parties need to stand up for the American people and say no,” says Barr.

The Bob Barr Counter-Debate

While Senators Barack Obama and John McCain exchange stump speeches in Mississippi, Libertarian Party presidential nominee Bob Barr will be adding his take to the issues that impact all American citizens.

"Pretending there is only a Republican or Democratic proposal to solve the challenges our nation faces ignores the voices of millions upon millions of Americans who are sick and tired of partisan posturing," says Bob Barr.

The 'Bailout From Hell' Must be Rejected

In the name of restoring economic confidence, the Bush administration is demanding unlimited authority to implement a massive financial bailout. The Secretary of the Treasury would become an economic dictator, empowered to reengineer the economy as he sees fit. These powers fit Kim Jong-il's North Korea, not the American republic.