Monday, October 06, 2008

Stone Vows to Work for Repeal of House Vote on $700 Billion Bailout

Republican Congressional Candidate John Stone (GA-12) is vowing to work across the aisle to repeal today’s 263-171 House vote to approve a $700 billion bailout of the nation’s imploding financial system.

“We needed emergency action to stem the downward spiral of our markets,” says Stone, “but not at the expense of pouring billions into the coffers of Chinese banks and the same firms that led us to this disaster.”

Stone says the nation should hope and pray that passage of today’s faulty legislation may at least temporarily stem the economic downturn until better legislation can be passed in January, and vowed to work with all interested parties in developing a financial rescue and reform plan that better serves U.S. families and financial concerns.