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Operation Educate strives to bring you the most accurate information on political happenings. As we move into the next election season, we will start posting the voting records of candidates that directly contradict each political party’s core values. Each claim that we make, will ALWAYS be backed up with a link attached on every vote.
Today, we shall start with Georgia’s U.S. Senator, Johnny Isakson and his support of the Banker Bailouts from 2008-2010.
According to The Conservative Review, Senator Johnny Isakson has voted EIGHT (8) times to increase the debt ceiling for a total of $7,127,600,000,000
Senator Isakson echoed the Democrat premise about defaulting on debt without such increases. On the 2013 debt ceiling increase, Isakson bought the false narrative of default by releasing this statement:
“Today, the U.S. Senate passed bipartisan legislation to reopen the government and prevent a default… I’m pleased that the bill averts a default while preserving and protecting the historic government spending cuts from the Budget Control Act of 2011 that have resulted in the largest spending cuts in 50 years.”
Sen. Isakson has voted for the following bailout bills between 2008 and 2010:
- Voted in favor of the Economic Stimulus Act in early 2008.
- Voted in favor of bailing out Fannie Mae and Freddie Mac in April 2008.
- Voted in favor of bailing out Fannie Mae and Freddie Mac in June 2008.
- Voted in favor of bailing out Fannie Mae and Freddie Mac in July 2008.
- In 2010, Isakson was one of only a few Republicans to oppose subjecting Freddie Mac and Fannie Mae to the Dodd-Frank regulations that were imposed on private financial institutions
- Voted in favor of TARP ($700 Billion), the Wall Street bailout, in 2008.
- Voted in favor of additional stimulus spending in early 2010.