Argument: $700b bailout must be implemented immediately to avoid crisis

Issue Report: $700 billion US economic bailout


Rep. Spencer Bachus, Republican of Alabama and Ranking member of the House Financial Services Committee – “Our time has run out. We’re going to make a decision. There are no more alternatives. There are no other choices. Just this one choice. And I don’t know about you, I believe every member of this body feels as if there’s an awesome responsibility on our shoulders. This will be the most difficult decision I make in my 16 years in this body. And I have decided that the cost of not acting outweighs the cost of acting…”[1]