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Updated: 10:26 PM Sep 29, 2008
Sen. Rockefeller Talks About Bailout Plan
WTAP News United States Senator Jay Rockefeller was in Parkersburg Sunday visiting Hino Motors executives and talking about what the financial bailout plan means for you.
Posted: 11:43 PM Sep 28, 2008Reporter: Leslie Cebula Email Address: leslie.cebula@wtap.com |
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United States Senator Jay Rockefeller was in Parkersburg Sunday visiting Hino Motors executives and talking about what the financial bailout plan means for you.
WTAP caught up with the member of the Finance Committee before he went back to the Capitol to review the bill Sunday night.
Parkersburg resident Angela Camden-Robertson said she hasn't lived through a harder financial time than the present.
"It's really hard to even try to get the basic toiletries," said Camden-Robertson.
"The whole city's suffering from the economy," said James Estep who was also at a gas station in Parkersburg Saturday night.
In order to turn around the economy, the Bush administration proposed the $700 billion dollar bailout plan that Congress has adjusted.
Senator Jay Rockefeller (D-WV) said he wants the people of Main Street to reap the benefits and not the people who he said caused it.
"What I hate most is how people in America and West Virginia are hurting. It has not been their fault. It's been the fault of greedy people on Wall Street, really greedy people," said Sen. Rockefeller.
Rockefeller said the plan has to call for more regulation, especially of investment companies' executives' salaries.
"So I want them clamped down on which is the whole idea of giving them minimal amounts of money, maybe as much as the President makes, no more. So maybe they go from $150 million to $400,000 a year, in West Virginia that's a pretty good living," said Sen. Rockefeller.
He said he wants to make sure West Virginians' pensions and health care benefits are protected.
"I really do want people to understand how grave it is and that we've not been here since the Great Depression," said Sen. Rockefeller.
Some Main Street people like Camden-Robertson also want to relay this message.
"I hope they can do something that one of the presidents who get in there can think about the people that's down here," she said.
Sen. Rockefeller said people will not stop hurting if the bill is passed but things will be worse if nothing is done.
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