Senate Democrats Leading the Way for Change

After nearly a decade of Republican-controlled government in Washington, Americans have seen their dreams of economic security and homeownership gambled away by deregulation, incompetent fiscal policies, misplaced governmental priorities, lack of Congressional oversight, and un-checked greed on Wall Street and in the financial markets. This month the Democratic controlled U.S. Senate came together in a bipartisan fashion to address one of the most critical economic challenges we have faced in generations, as it passed the Emergency Economic Stabilization Act of 2008/Energy Improvement and Extension Act of 2008/Tax Extenders and Alternative Minimum Tax Relief Act of 2008. The bill improved upon the President's initial proposal, which used taxpayer dollars to subsidize CEOs' golden parachutes, had no oversight, and simply handed one man $700 billion and gave him unfettered power to use it as he saw fit. The legislation, while not perfect, will help stabilize our economy and protect Main Street from the crisis on Wall Street.

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