Tuesday, September 30, 2008

Oberstar Fears a Depression

Minnesota Congressman Jim Oberstar says he was surprised the Republican Leadership and White House were unable to muster only a third of their membership to vote for the $700-billion bail-out package. The DFL-er fears the credit that main street business needs for inventory will dry-up, resulting in employee layoffs. He says that could have a cascading effect that could result in a depression.

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