Bailout Plan Must Help The Middle Class And Grow The Economy

Source: Lawrence Mishel, Ross Eisenbrey, and John Irons, Economic Policy Institute, EPI Policy Memorandum #129, September 29, 2008

Congress is currently haggling over an agreement to bail out the financial markets. While a final agreement is still up in the air, we must not forget than inaction is not an option. Without action to shore up the banking system, financial markets may very well freeze up, stalling the overall economy. And without action to spur job creation and support working people, the labor market will freeze and fundamental economic weaknesses will continue.

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