Want access to post press releases? To sign up, use this form. You must be logged in.
Pallone Statement On Financial Rescue Package
By asouvallWashington, D.C. --- U.S. Rep. Frank Pallone, Jr. (D-NJ) issued the following statement today after supporting a $700 billion financial rescue package.
"The outcome of today's vote was unfortunate. While the Bush administration's refusal to regulate Wall Street led to this crisis in the first place, the majority of House Republicans opposed a package to help rescue the economy.
"Without decisive action, we were warned that credit markets would freeze up, preventing families from getting car and home loans, students from qualifying for college loans and small businesses from being able to pay their employees at the beginning of the month.
"This was a risk I simply could not take. Today, I voted to protect middle-class families from the economic mistakes of Wall Street and the Bush administration. This was not a perfect package, but I was hopeful that it would bring stability to a very troubled economy."
-30-
Contributors
Wally Edge
Michael Doherty. a West Point graduate and one of the state's most conservative legislators, will take his seat in the State Senate today. A ... >
Bob Torricelli
Everybody needs to start a new job with a list of priorities and Chris Christie is no exception. There might be a thousand things that need to get ... >
Michael Patrick Carroll
Political discourse in America contains much in the way of intellect or intellectual honesty. One considers the Federalist Papers with wistful awe: ... >
Jeff Michaels
As pundits and party leaders look to next year’s Congressional elections in NJ, it appears that freshman Democrat John Adler is the most vulnerable ... >
Richard LaRossa
When will NJ Republicans start acting like Republicans rather than Democrats. Time to stand up for your principles, assuming they have any left. >
Alan Steinberg
As in any transition, speculation is rampant as to whom Governor-elect Chris Christie will appoint as Chief of Staff, State Treasurer, and Attorney ... >
Dr. Joseph Marbach
Now that the dust has finally settled after the grueling campaign for governor, there are a number of lessons that we can draw from this ... >
Carla Katz
When he was growing up, Chris Christie's folks must have taught him that when he went to a new playground, he should pick a fight with the ... >
Joey Novick
I have a Blackberry device that I am not completely thrilled with. It’s clunky and not intuitive like an IPhone, which I would rather ... >
Murray Sabrin
New Jersey voters repudiated Governor Jon Corzine's policies of the past four years on November 3rd. Republican Chris Christie and Independent ... >
Poll
Hot Topics
Most Active Stories
- Christie names 19 subcommittee chairs
- Velez-Gentry would take Christie administration position if offered
- Bergen County prepares for the unusual: Republican Freeholders
- Dem leadership teams come together after emerging from caucus meetings
- Milgram charges GOP consultant over robocall impersonating Rumana staffer
- Gallery packed with Garden State Equality activists as Doherty assumes oath of office
- Hayden files Ferriero motion
- Senate Democrats back Sweeney for senate president, says Sarlo
- Wisniewski to make formal play for state party chair when Cryan makes departure official
- Goldstein leads 250 marriage equality activists for march on the Statehouse
- Bergen County prepares for the unusual: Republican Freeholders
- Milgram charges GOP consultant over robocall impersonating Rumana staffer
- Christie says Cryan should get out of chairman mode
- Lesniak: bring gay marraige up for a vote
- Caruso says he had nothing to do with robocall
- Velez-Gentry would take Christie administration position if offered
- Dem leadership teams come together after emerging from caucus meetings
- Spicuzzo nomination passes committee
- Christie names 19 subcommittee chairs
- Pou won't rule out bid for Democratic State Party chair
- Quinnipiac: Christie leads 50%-40%
- Quinnipiac poll has Christie ahead by 4 points as Corzine gets closer
- Christie, in West New York, takes questions
- Gore makes his case for Corzine
- Potential LG rivals Allen and Weinberg ally for county committee reform legislation
- Final debate schedule
- Torricelli on making perfection the enemy of good
- Autistic man seeks Assembly seat in 37th
- Jeb Bush attends Christie fundraiser
- Correction: Weiner departure was not his own idea
Recent Posts From Inside Edge
Quote of the Day
“A lot of blood on the floor.” - Senate President Dick Codey (D-Roseland), emerging from the caucus room after losing his leadership position to Senate Majority Leader Stephen Sweeney (D-West Deptford)
Recent Press Releases
Syndicate
