McMorris Rodgers’ Statement on the Emergency Economic Stabilization Act

(Washington, D.C.) Today, Congresswoman Cathy McMorris Rodgers released the following statement regarding the Emergency Economic Stabilization Act of 2008.

“The financial crisis we are facing right now is greater than anyone could imagine.  It is difficult for all of us to get our arms around the depth and complexity of this crisis.  The decision on whether to support this package is one of the most difficult I have faced.  I agree this bill is much better than the one we started with.  It does more to protect the taxpayer, it does more to ensure Wall Street executives are held accountable, and it does more to increase oversight.
 
“Despite the positive changes that were made, I voted against this bill because, on principle, I am not convinced it is the right approach and I believe there are still numerous questions about its feasibility.  Committing 700 billion of our tax dollars requires a longer, more thoughtful debate.  It requires a greater confidence that this bill will address the root problems, actually help our financial markets, and provide future assurances.  The hardworking people of Eastern Washington are my primary priority and I continue to strive to ensure their best interests are protected.”