March 22, 2010

Lawmakers Speak Out On Approved Bailout Plan

Tools

By KSEE News

Story Published: Oct 3, 2008 at 7:30 PM EDT

Story Updated: Oct 3, 2008 at 8:43 PM EDT

The revised bailout plan was approved Friday morning. The U.S. Congress agreed to a revised $700 billion dollar package to bail out financial institutions.

Multimedia

Watch The Video

The newly revised bill is slightly different from the bill lawmakers voted on Monday. Congressman George Radanovic says the new bill added certain earmarks and included tax credits for renewable energy.

"There were some good things added to it like tax extenders. Unfortunately though it made the bill more expensive," said Radanovic.

Congressman Devin Nunes voted against the bill on Monday and did the same on Friday.

"My problem with this is we are transferring $700 billion of power to one man. This is a very dangerous step," said Nunes.

Click on the video and see how our Valley congressman voted on the bill.

Next article House Passes Health Care Reform Bill

View Oldest Comments First

Friday, Oct 3 at 10:18 PM Craig Vollhardt wrote ...

I disagree with bailing out financial instuions, it is their fault that they over extended them selves and I do not think that the American people should pay for their mistakes.

Add a comment

More Good Stuff

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.