“As we work to end this recession and rebuild our local economy, it is critical that we provide the support our displaced workers need to get back on their feet. People are hurting, and we have a responsibility to help folks weather the storm,” said Congressman McHenry.
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At his town hall meetings, Congressman McHenry gives an update on recent legislative activity in Congress and what to expect in the coming months. Town hall meetings are an opportunity for constituents to share their thoughts on the issues they are concerned about.
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“Complex and cumbersome mortgage disclosure forms are often difficult to understand for homebuyers,” said Congressman McHenry. “These disclosure rules will make the borrowing process significantly simpler and more transparent.”
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“With efforts underway to increase cooperation among regulatory entities, this evidence raises serious questions about the Federal Reserve’s commitment to collaboration with other regulators and about the wisdom of concentrating even more power in this entity,” stated Congressman McHenry’s letter.
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Taken from subpoenaed documents and news accounts, the following details Treasury Secretary Timothy Geithner’s involvement in the controversial merger between Bank of America and Merrill Lynch. As the President of the New York Federal Reserve at the time, Secretary Geithner and his staff played an active role in the government-brokered merger. Just as Bank of America CEO Ken Lewis, Federal Reserve Chairman Ben Bernanke, and former Treasury Secretary Henry Paulson have done, Secretary Geithner must now come before the House Oversight and Government Reform Committee to testify on this matter.
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“Apparently politics does not stop even in a time of national crisis. Americans of all stripes are struggling to weather the storm of recession. For the Administration to decide based on politics that one set of Americans is more deserving than another of our collective tax dollars is reprehensible. If you voted for John McCain last year that should not mean that you are less deserving of an economic recovery than someone who voted for the President."
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"The $1.2 million SAFER grant is the largest grant that any agency in the 10th Congressional District has received since I have been the representative of the 10th District," McHenry said. "That says a lot about the city of Hickory and the fire department that worked diligently on the grant and obviously showed the need and importance of having a second ladder company in Hickory."
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"Oh lord," he said, "'it's been a challenge. And there have been some challenging issues."
McHenry, consistently ranked among the most conservative Republicans in the House of Representatives, noted those issues would be difficult ones for either party to deal with.
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So I fail to see the wisdom in eliminating 88,000 jobs in North Carolina alone, raising energy prices by $1,400 annually on every household, and hiking gasoline prices by 77 cents per gallon. For what? So we can possibly lower the earth’s temperature by two-tenths of a degree by the end of the century.
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Paying Down the Debt This week, Congressman McHenry announced that he and several of his colleagues on the Financial Services Committee have sent a letter to President Obama regarding the repayment of tax dollars by banks. A few banks have begun to repay the taxpayer funds that the federal government used to bail them out. Congressman McHenry’s letter to the President calls for those funds to be used to pay down the exploding national debt. Officials at the Treasury Department have indicated tha...
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