Senator Tom Coburn: 'Bailout Is Unconstitutional'

Among the eight members of South Carolina's Congressional delegation, only Senator Jim DeMint and Representative Gresham Barrett voted against the massive transfer of taxpayers' dollars to unconstitutional, quasi-governmental entities and private financial institutions that in a free-market economy should be allowed to fail and go out of business.

In this powerful statement, Senator Tom Coburn (R-OK) cites the failure of Congress to abide by the U.S. Constitution as the root cause of economic chaos and crisis.