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Sen. Rockefeller Talks About Bailout Plan Save Email Print
WTAP News
Posted: 11:43 PM Sep 28, 2008
Last Updated: 10:26 PM Sep 29, 2008
Reporter: Leslie Cebula
Email Address: leslie.cebula@wtap.com

A | A | A

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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Posted by: B Location: WV on Sep 30, 2008 at 02:29 PM
Mildred- Sen Rockefeller flew in for only a couple of hours to support an investment that is helping our state and I'm assuming your city. As soon as the dinner was over he flew back to Washington to help find a solution to a problem Wall Street caused, not the finance committee (that had regulation taken away from them). So please check your facts before you accuse.

Posted by: Joyce Location: st. Marys on Sep 29, 2008 at 12:33 PM
I think the people in Washington need to live on the means that the adverage person lives on and then they will know what the little people hve to live on

Posted by: confused Location: parkersburg on Sep 29, 2008 at 12:15 PM
Jim I agree with you there are people out there that owe on the house they live in and cant afford things because of the state of this country. I agree people would go out and buy things and boost the economy if they could afford to.The big boys do make out and will continue to as long as we keep bailing them out.

Posted by: Jake on Sep 29, 2008 at 12:02 PM
The little guy will still loose their house, the bail out will allow the big guys who should have never loaned the little guy money in the first place, to buy your lost property for pennies on the dollar. leaving you with the bill, call CONgress TODAY!!!!! LETS ALL ROAR!!!!! LETS LET THEM KNOW ENOUGH IS ENOUGH!!! TOLL FREE Congressional Switchboard Numbers 800-833-6354 866-340-9281 877-762-8762 866-808-0065 888-355-3588 866-220-0044 Please post these phone #s onto other sites

Posted by: MILDRED Location: PARKERSBURG on Sep 29, 2008 at 08:17 AM
SEN. ROCKEFELLER AS A MEMBER OF THE FINANCE COMMITTEE SHOULD HAVE KNOWN THE PROBLEM BEFORE IT GOT SO BAD AND WHY WAS HE NOT IN WASHINGTON WORKING ON IT? NO HE WANTS TO GO OUT AND TELL PEOPLE HOW BAD IT IS BUT NOT WORKING ON THE PROBLEM...THAT DOES NOT SHOW LEADERSHIP...

Posted by: Jim Location: Pkb on Sep 29, 2008 at 05:10 AM
In short, the so-called "mother of all bailouts," which will transfer $700 billion taxpayer dollars to purchase the distressed assets of several failed financial institutions, will be conducted in a manner unchallengeable by courts and ungovernable by the People's duly sworn representatives. All decision-making power will be consolidated into the Executive Branch - who, we remind you, will have the incentive to act upon this privilege as quickly as possible, before they leave office. The measure will run up the budget deficit by a significant amount, with no guarantee of recouping the outlay, and no fundamental means of holding those who fail to do so accountable. In other words we will be held accountable as Tax Payers to repay the debt of all the so Called Golden Boys to make sure they get theirs. I have another suggestion Pay-off anyones home making 100,000 or less They will stimulate the economy by buying new cars ect ect ect, Once again the big boys are making out Sickens Me

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