U.S. Rep. Mike Rogers, (MI-08) released the following statement today regarding his vote opposing H.R. 3997, the Emergency Economic Stabilization Act:

“The Emergency Economic Stabilization Act does not focus on our real problems -- a struggling economy, foreclosures and falling home values. Good alternatives are available to us; from sensible tax relief to assistance for struggling homeowners there are many bi-partisan plans Congress could have chosen.

“But despite days of negotiating, this is still the same bailout bill, written by a Wall Street guy with a Wall Street solution to a problem created on Wall Street. This bill was still a blank check to Henry Paulson. It still provided no serious help for homeowners struggling to pay their mortgages. It still could have cost us as much as $700 billion.

“My priority has always been working for Michigan families and I will continue to work to create jobs in Michigan, lower energy prices and keep families in their homes. This bill would only take more Michigan tax dollars and Michigan families will see nothing for it. Now that the false choice of the Paulson Plan or nothing is gone, Congress should immediately get back to work on a solution that Congress and the American people can support.”