Thompson: More work needed on bailout plan

The Clarion-Ledger, 9/29/8

While many agree the government needs to intervene in the country’s financial market, some are saying the bill the House rejected today wasn’t the right answer.

“The legislation in its current form fails to put the people first,” U.S. Rep. Bennie Thompson, D-Bolton, said in a release distributed after the House rejected the bailout 228 to 205. “Congress has come a long way from the three-page proposal drafted by the Bush Administration, but we’ve got a ways to go in improving a package that actually protects Mississippi’s 2nd Congressional District streets just as much as it rescues Wall Street. We now have an opportunity to come back and work out a solution that is beneficial to more than just Wall Street.”