Reid Calls for More Stimulus
In a statement released moments ago by Senate Majority Leader Harry Reid (D-Nev.), he echoed calls by House Speaker Nancy Pelosi (D-Calif.) for an economic stimulus plan aimed at Main Street, now that the Wall Street bailout/rescue plan apparently is underway.
"Congress will review the details of the Administration's new strategy to address concerns about whether it sufficiently protects taxpayers, avoids unnecessary windfalls for CEO's, and attacks the underlying causes of the crisis," Reid said.
"In any case, it is clear that the administration's plan does not go far enough to address the severe challenges facing our economy and America's middle class. Democrats have worked for months to reinvigorate our economy and provide economic security for families, while Republicans have blocked our efforts," Reid said. "We hope our Republican colleagues now will join us to ensure quick action on such a plan."
-- Paul Kane
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