Friday, June 18, 2010

Congressional Candidate Paul Partyka Supports Audit of The Federal Reserve, “Truth Commission” on American Economy

WINTER SPRINGS - Paul Partyka, Democratic candidate for Congress in Florida’s 24th District, said he fully supports an independent audit of the U.S. Federal Reserve and would go one step further to create a public “Truth Commission” to learn how the American economy collapsed and who was at fault.

“We are recovering from the worst economic disaster since the Great Depression and unemployment is the highest it has been in generations,” Partyka said. “It is apparent that we will endure unacceptably high unemployment for many years to come, at a tremendous cost all of us will have to shoulder in the form of higher taxes and fewer career opportunities,” he said.

“All told, the cost of the American economic collapse is far greater than the terrorist attacks on Sept. 11. Millions of Americans have lost their jobs. Millions of American families are losing their homes. Millions of American lives have been disrupted. This is not part of a naturally-occurring economic cycle. We need to learn how it came about, who was at fault, and how we can prevent it from ever occurring again,” Partyka said.

Partyka said he fears that financial industry reform measures currently proposed will not go far enough.

“Petty partisanship and ill-informed political ideology are polluting our nation’s financial reform efforts and what appears to be emerging now will do little to prevent future recessions,” Partyka said.

“We need strong leadership in Washington, and we need representatives who put the people first, not the speculators and the profiteers. I want to provide that leadership,” Partyka said.
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For more information please contact: Paul P. Partyka, 407-341-0805 PaulPartykaforCongress@Gmail.com
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Paid for and approved by the Paul Partyka for Congress Committee
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