Working To Stabilize Americas Economy

This week the 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 Presidents 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. It also invests in clean renewable energy and extends important tax cuts for middle-class families struggling in the weakening Bush-McCain economy.

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News & Politics

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• Senate
• Majority
• Leader
• Harry
• Reid
• Senator
• Chris
• Dodd
• Emergency
• Economic
• Stabilization
• Act
• renewable
• energy