Rex Rammell in 2008 ID Senate Debate

On Budget & Economy: Over-regulation caused the economic disaster

LaRocco said he would have voted for the bailout bill because it’s about small companies having the capital and credit to buy a truck or inventory, and because the final version had oversight and taxpayer protections.

LaRocco and Risch agreed that lax regulation led to the economic meltdown. Rammell said overregulation caused the economic disaster. “Did you know that Fannie and Freddie were required by law to give 42% of their loans to low- and moderate- and high-risk individuals.... All I hear now is we need more regulations that’s exactly the opposite of what we need. If we truly lived in a free market economy nobody would have made these high-risk loans. Nobody. The banks wouldn’t have done it and the people wouldn’t have dared do it.”

On Education: Department of Education is unconstitutional; eliminate it

On Energy & Oil: Lies about global warming will destroy our economy

LaRocco responded, “We could create 14,000 new jobs in Idaho just by embracing new types of energy.”

Rammell added, “I’m so sick & tired of global warming. If we continue to support this lie that global warming is going to destroy this world, we’re going to destroy our economy.”