A year before Dennis Rehberg voted “No!“ on regulating the subprime mortgage industry, we were already receiving warnings about the precarious situation the subprime market was in:
… now every serious reader has heard the term “It’s a crisis in Sub-Prime US home mortgage debt.” What almost no one I know understands is that the Sub-Prime problem is but the tip of a colossal iceberg that is in a slow meltdown.
Shouldn’t Rehberg have been one of those “serious readers”? In fact, a year before Rehberg voted “No!” on subprime mortgage regulation we were already seeing the consequences of an under regulated credit market. When the stock market tumbled in December of 2007, it was blamed on bad news in the subprime mortgage market.
Now we are talking about a full blown recession, which will effect everyday Montanans all across Montana – the same Montanans that put Rehberg in office to represent their interests. Do we really need Rehberg making such important decisions? Like we need a stick in the eye.
Because the economy will be such an important issue this November, Rehberg must be held accountable for his poor voting record. You didn’t need to have a Ph.D. in economics to know that something was going wrong with the wobbly lending market, but I guess you’d have to have a brain to do something about it.
Thanks, Rehberg.
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Rehberg votes the wrong way on so many issues that effect Montanans. We need to keep his record in the public eye. Thanks.
This is so true. Rehberg is a worse representative for Montana than Burns ever was. We must support Jim Hunt!!!