Statement: Robert Greenstein and Chad Stone on the Senate-Passed Financial Rescue Legislation  The House should quickly approve the financial rescue plan that the Senate approved in strong bipartisan fashion yesterday. Further delay would leave the U.S. economy increasingly vulnerable to a contraction more severe than any since the 1930s � one that could trigger large increases in unemployment and poverty and the loss of a sizeable portion of many families� retirement savings�
"The Senate-approved plan is far from perfect� The bottom line, however, is that the potential consequences of defeating this legislation are far too grave to ignore�" Read More
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