Last week, Carter and a small group of congressional members produced an alternative to the $700 billion Bush/Paulson bailout plan.
“Now that this plan has failed, I am ready and willing to go back to the drawing board and come up with a plan that won’t put taxpayers on the hook for another government bailout,” Carter said. “I also think we should see the evidence from all sides of the issue, not solely the advice from the administration.”
Carter’s alternative plan would have mandated Wall Street fund the recovery of the faltering areas of the economy rather than American taxpayers.
Please see CARTER, 6A
Carter’s office received about 800 e-mails and between 300 and 400 calls last week, most in opposition to the original bill put forth by the administration, communications director Carmen Fenton said.
Carter said those comments made a difference.
“I want to thank the thousands of constituents who called and voiced their opinion,” he said. “Rest assured that your voice was heard and will continue to be heard during the next round of negotiations.”
The representative has said all along he favors a market-based approach to infuse money into the system, rather than using federal funds.
