Herseth Sandlin Blatantly Misleading Voters About Support for Bailout

Posted: Wednesday, October 27th Filed in: Press Releases

SIOUX FALLS – On the heels of Tuesday’s debate on South Dakota Public Television, Kristi Noem, candidate for South Dakota’s Lone Congressional seat, sought to clarify Rep. Herseth Sandlin’s record on the bailout of Fannie Mae and Freddie Mac.

In response to a comment by Kristi Noem at the debate on Rep. Herseth Sandlin’s vote for the bailout of Fannie Mae and Freddie Mac, Rep. Herseth Sandlin falsely said:

"I opposed the Wall Street Bailouts that included the bailouts of Fannie Mae and Freddie Mac."

According to the Argus Leader in July 2008 under the headline "Bailout Gets House Approval," Herseth Sandlin supported the bailout of Fannie Mae and Freddie Mac.

"The House approved a plan Wednesday to shore up mortgage giants Freddie Mac　and Fannie Mae…

The vote was 272-152, with South Dakota Democratic Rep. Stephanie Herseth Sandlin voting with the majority."

"Congresswoman Herseth Sandlin can’t defend her record on bailouts, so she’s just chosen to blatantly mislead voters about her vote for the bailout of Fannie Mae and Freddie Mac that could wind up costing the taxpayers nearly $400 billion dollars.　 It is shameful that Rep. Herseth Sandlin did not stand up for South Dakotans who work hard, pay taxes, and play by the rules and instead voted to reward the bad decisions of others with a taxpayer bailout and now has decided to completely misstate her record on it.　 The Stephanie we sent to Washington has changed into a Washington politician who will say or do anything to stay in power." said Noem.