Bachus: ‘I’m Not Willing to Risk Capitalism and A Decline Into Socialism’
Rep. Spencer Bachus (R-Ala.) said that voting for the bailout bill would prevent a “decline into socialism,” contrary to what the bill’s opponents have suggested would happen.
“I’m not willing to risk capitalism and a decline into socialism,” said Bachus, the ranking Republican on the House Financial Services Committee.
Earlier, Rep. Jeb Hensarling (R-Texas) said he opposed the bill because it risked putting the country on the “slippery slope to socialism.”
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