09.21.08

On The Bush Administration's Bailout Proposal

With Wall Street and Main Street reeling, putting our economy on an even keel is an urgent priority, and every American has a stake in the outcome.  But the solution must be fair and it must be responsible.  As Congress now closely examines the Bush Administration?s proposal, I hope there will be no reluctance to work in good faith to make such improvements.  The outcome of those efforts will guide my decision about supporting it.

 

In the turmoil that followed the attacks of September 11, I was willing to support assistance to the airline industry, as long as that legislation was balanced with support for the victims of 9/11 and their families.  That is why I led the effort to create the 9/11 Victims Fund, which accomplished that goal. 

 

As this work gets underway this week, I would like to see progress toward a balanced bill that also helps overburdened middle class families.  It should not include get-out-of-jail-free cards for those whose greed caused this mess, and it should not lessen accountability for those responsible for this crisis in our financial markets.

 

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