| Rep. Gordon issues statement on bail-out bill failure |
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Posted: Monday, October 6, 2008 11:49 am
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Rep. Bart Gordon, D-Murfreesboro issued this statement following the vote in Congress Monday:
"I am angry about this crisis, which was fueled by greed on Wall Street and federal regulators who fell asleep at the wheel. Our economy is in danger of collapse and continues to deteriorate daily. I was talking to my mother who reminded me that we have been down this road before and it led to the Great Depression, which hurt every American.
“Congress worked to change the Administration’s initial $700 billion blank check proposal into a plan that created a program to reliably free up the credit market and hold greedy corporate executives accountable. It also included a plan that would repay every taxpayer penny spent.
“Apparently, Congress did not do enough for Americans who are angry about the financial situation and uneasy about the impact of today’s plan. I got this message and will work harder to find a solution that will help Middle Tennesseans.” |
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