WRCBtv.com | Chattanooga News, Weather & SportsZach Wamp Explains Position on Bailout Plan
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Congressman Zach Wamp is saying why he voted against the financial rescue plan the first time, but he voted in favor of it the second.
Thursday, he spoke to the Rotary Club about the importance of this bill.
"I don't think we had any choice. Backs up against the wall, effectively the economy guns in the head of our country. If we would have left Washington without acting, the cost on inaction exceeded the cost of action, bottom line."
Wamp says the second bill was a much better plan than the first, with add-ons like increasing the insurance of bank deposits up to 250-thousand dollars.
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