PRESS RELEASE - President Obama's Financial Fix Is Too Little Too Late

Potts for Senate 2010

www.ElectMidge.com

Contact: Midge Potts

MidgePotts@ElectMidge.com

FOR IMMEDIATE RELEASE

January 22nd, 2010

President's Financial Fix Is Too Little Too Late

Springfield, MO -- President Obama announced on Thursday that he would pursue legislation to fix America's broken financial system. Progressive-Green candidate for US Senate in Missouri, Midge Potts, released a statement on Friday questioning why the President and Congress have waited so long to introduce a plan that would prevent another global financial collapse.

"It is a shame that the bailout which was rushed through Congress in early 2009 did not include provisions to begin breaking up financial giants deemed 'too big to fail', " Said Potts. "It is obvious that the President's sudden announcement on Thursday was a political reaction to the US Senate race in Massachusetts, and not a sincere attempt to rectify the circumstances which have catapulted the United States of America into our second 'great depression'." She added, "The President's proposed solution, while restricting the size of big financial corporations, would do very little to scale down those institutions that caused the crisis in the first place. Teddy Roosevelt, known as a 'trust buster' for dismantling monopolistic companies in the early 20th century, would certainly roll over in his grave if he could hear the rhetoric currently coming out of the White House."

Midge Potts, co-chair of the Progressive Party of Missouri, is the party's candidate for U.S. Senator in 2010. She and other party members are circulating petitions to get Ms. Potts and other Progressive Party candidates on the Missouri ballot this year.

###END###