Congressman Peter Welch talks with VPR’s Bob Kinzel about last week’s bailout vote and what steps he thinks are needed to restore consumer confidence in the national economy.
Progressive candidate Thomas Hermann says Congressman Peter Welch was
wrong to vote for the legislation. But Welch says the bill is an
important first step to help restore the country’s financial system.
Governor Douglas said he believes some parts of Vermont’s economy were being
adversely affected after the U.S. House rejected a bailout
plan on Monday.
Peter Welch has faced the question of whether to support the latest version of the federal bailout of the financial industry; Former Vermont federal prosecutor George Terwilliger says the Justice Department should drop its criminal investigation of Alberto Gonzales;
Leahy
says he was convinced by the bill’s backers that even though the legislation is
flawed and risks taxpayer money, Congress had to act quickly to head off a more
costly crisis.
Earlier this week, Congressman Peter Welch voted against the bail out plan because he was
concerned that it placed too great a burden on taxpayers. Welch says he needs to balance several factors as he decides how he’ll vote on the amended bill.
Senator Bernie Sanders will join his colleagues later today to vote on a Senate version of an economic bail out package. Before catching a plane to Washington, he spoke with VPR’s Jane Lindholm about the package.
The University of Vermont has been hit by the American financial crisis; Journalist says the bailout that the U.S. Senate will vote on today is the wrong approach; Phish is getting back together; more…
Senator Patrick Leahy says he won’t vote for the bill unless it includes new
protections for taxpayers and some new oversight of the financial
industry.