Alexander Says “Inaction Is Not an Option” on Financial Rescue Plan for Main Street

September 29th, 2008 - WASHINGTON - Senator Lamar Alexander (R-Tenn.), chairman of the Senate Republican Conference, released the following statement today following the House of Representative’s failure to approve a financial rescue plan to address the national credit crunch:

“Inaction in this case is not an option. The Senate will stay here and keep working in a bipartisan way to address the national credit crunch. Without decisive Congressional action there is a real risk that credit will freeze and Americans will not be able to get car loans, student loans, auto loans, mortgage loans, and farm credit loans – or even cash their paychecks. Next week we can fix the blame. This week we need to fix the problem.”