• Home
  • News
    • Politics & Government
    • Business & Economy
    • Crime / Courts
    • Health / Medicine
  • Sports
    • High School Sports
    • Radio Iowa Poll
  • Affiliates
    • Affiliate Support Page
  • Contact Us
    • Reporters

Radio Iowa

Iowa's Radio News Network

You are here: Home / Politics / Govt / Harkin says economic plan not the best but had to be done

Harkin says economic plan not the best but had to be done

October 2, 2008 By admin

Iowa Senator Tom Harkin, a Democrat, says he voted for the economic bailout plan that passed the Senate last night, even though he doesn’t think its the best plan. Harkin says something had to be done to shore up the economic system.

Harkin says he hopes what they’ve done will be enough to "calm the markets, restore some stability and overcome this panic mode." Harkin says he believes the "panic mode" he describes was instigated by the treasury secretary. Harkin says he worked with other senators on changes to try and improve the protections for tax payers’ money before the bill passed.

"But I also don’t believe that the package we have passed is going to solve the fundamental problems that we have had in our financial system. That we are going to have to tackle next year," Harkin says. Harkin hopes the U.S. House will get the package passed.

Harkin says he’s hopeful the package will pass and then Congress can come back next "and take the time to do it right." Harkin says he doesn’t like the way the package was rushed through before the election. Harkin says he’s concerned that the final decisions on executive pay in the bailout will be left to the treasury secretary, but he says they had to vote for the bill or do nothing. 

Share this:

  • Facebook
  • Twitter

Filed Under: Politics / Govt Tagged With: Democratic Party, Tom Harkin

Featured Stories

Governor signs child care expansion into law

Iowa seniors have until July 1 to apply for new property tax break

Smoke from distant fires creates colorful sunrise in Iowa

DOT’s Motor Vehicle Enforcement Division to merge into State Patrol

Iowa’s governor approves liability limits for trucking industry

TwitterFacebook
Tweets by RadioIowa

Iowa AD Gary Barta announces retirement

Iowa to visit Creighton in Gavitt Tipoff Games

Iowa and Indiana collide Thursday at B1G baseball tournament

Former Hawkeye joins Lisa Bluder’s staff at Iowa

Iowa rolls in B1G Tournament opener

More Sports

Archives

Copyright © 2023 ยท Learfield News & Ag, LLC