Obey Backs Bailout, But Says It Won’t Prevent a Recession
Rep. David Obey (R-Wis.) said that the bailout that he supports won’t prevent a recession. But it will buy Americans time to make necessary changes, he said.
“This package will not prevent a severe recession,” said Obey, chairman of the House Appropriations Committee. “We will see that. But it buys us time to make some changes” that could improve economy.
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