The U.S. Chamber of Commerce is expressing its support for the passage of today’s "financial rescue" bill, claiming it had to be passed in order to keep the American economy — and its businesses — afloat.
With the American economy on life support, Congress took the necessary step to stop the bleeding. Today’s bipartisan vote in the House is a major step toward stabilizing the credit markets and supporting Main Street businesses.
Every day there was a delay in shoring up our financial markets, Americans saw their investments plummet. Over the past few days, uncertainty and turmoil have dramatically affected markets and lowered equity prices, eroded individual savings, and destroyed household wealth.