Local Reaction to Bailout Plan

By: Aaron Luna Email
By: Aaron Luna Email

Even with today's progress toward reaching a Bailout Plan, President Bush said the vote would be a tough one. While that vote is expected within days, local reaction is mixed on whether or not the plan will keep the economcy out of recession.

'Are you for or against the bail out?'
"I am for the bail out."
"I'm definitely in favor for it."
"There has got to be some kind of action taken."
While Congress worked toward a bipartisan bailout plan, state representative Bernie Buescher says he has been on the phone and in Denver for the last 36 hours working on the states budget.

"It's a tough time on Wall Street and regretfully it's a tough time here in Grand Junction on Main St," says Buescher. I don't like the fact that we got to the point where that is necessary but the alternative appears much worse... We can't allow this country to slip into a recession or even potentially something worse."

Patrick Solano was asked if we needed a bailout Plan, "I do and I think the bailout is important. Its how they do it that's important to me. My biggest problem is that is if they do not treat the taxpayers as investors in this then we are all going to lose... We give money to foreign countries why not give money to ourselves."

Jim Cagon, a small business owner was asked if he thought the economy was going into recession. "Actually no... I think they need to do the bailout. I am a small businessman so I think it's a good thing they are dong now. Where it goes from there I really don't know."
Amidst talk of recession Buescher says if and when the bailout passes it would be necessary to rebuild investor confidence.
Buescher– "At the end of the day this is still the strongest economy in the world. We just need to put the pieces back together and let it function."

(Senator Penry did not return messsages to comment on this topic. Representative Steve King was still in Denver at the time this story went to air.)

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