At Senate Leadership Press Conference Daines Bashes Biden’s Big Bank Bailout, Reckless Financial Policies

To watch Daines’ remarks, click HERE.

U.S. SENATE –U.S. Senator Steve Daines today delivered the following remarks at the weekly Republican Senate Leadership press conference slamming the Biden administration for their big bank bailout and reckless financial policies that cost Montanans.

“We’ve been watching President Biden in the Senate Democrats’ very reckless financial policies and we’re seeing crisis, after crisis, after crisis. And now, the chickens are coming home to roost.

“Wasteful spending has led to the highest inflation rates we’ve seen in the United States in 40 years. And now, these bank bailouts are going to put Montana banks and Montana families on the hook for the mismanagement of a Bay Area bank.

“Why is it that well-managed and sound Montana banks that didn’t fail are going be on the hook to pay for a mismanaged Bay Area bank that did? The same thing was true with President Biden’s bogus student debt transfer.

“Forcing Montanans who maybe didn’t go to college, to now pay for somebody else’s loans. The last thing the federal government should be doing is taking the side of wealthy elites, over hardworking Montanans. 

“We need to return some fiscal sanity back to Washington. Montanans can’t afford this Administrations’ and the Senate Democrats’ fiscal recklessness.”