DNC Chairman Tim Kaine Condemns Cornyn, Republican Plan to Repeal Wall Street, Health Insurance Reform

Sep 30, 2010, 15:26 ET from Democratic National Committee

WASHINGTON, Sept. 30 /PRNewswire-USNewswire/ -- Yesterday, in an interview with the PBS News Hour, Senator John Cornyn, the chairman of the National Republican Senatorial Committee, declared his party's intent to "pretty quickly" undertake efforts to repeal Wall Street reform and health insurance reform if they win control of Congress. In response, DNC Chairman Tim Kaine issued the following statement:

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"Senator Cornyn is not the first Republican to call for the repeal of Wall Street reform and health insurance reform, but I grow more concerned for our country's future every time I hear another Republican leader pledging to do away with critical legislation that guarantees, among other things, that American taxpayers will never again be left to bail big banks out of a mess that the banks created.

"There is a rapidly growing rank of Republicans who show themselves to be hopelessly out of touch with middle-class Americans' concerns – for their families, their finances, and their future.

"Senator Cornyn and Republicans might act like they're promising change, but really they're just promising more of the same policies that failed so miserably and put us on the brink of a second Great Depression. It's more of the same back-room dealing with special interests – like the strategy sessions they held with Wall Street lobbyists shortly before voting against financial reform in the first place. And it's more of the same cynical obstructionism – like the political tactics they used to delay reforms that are ending unfair lending practices and putting a stop to unfair credit card rate hikes.

"If Senator Cornyn thinks the America people want to go back to the policies that nearly left our economy in tatters; if Senator Cornyn thinks the American people are ready to let corporate special interests and lobbyists write their own rules again; and if Senator Cornyn thinks for minute we're not going to spell out very clearly for the American people how Republicans are putting these special interests at the head of the line; then I have a message for Senator Cornyn: 'You are wrong.'"

SOURCE Democratic National Committee