WMAC Local News

Georgia Lawmakers Reserving Judgement On Bailout

Georgia Republicans and Democrats say they're in no rush to support the Bush administration's proposed $700 billion financial bailout.

But despite lots of tough talk about Wall Street greed, most appear ready to go along with some sort of taxpayer-funded intervention. They say the stakes are simply too high.

Despite Bush administration pleas that delays could wreak havoc on financial markets, even some of the president's staunchest allies said the White House cannot expect Congress to immediately sign off on its plan without a more thorough vetting.

Many said they would wait to see the final package that Congress takes up before deciding whether to support a bailout.


Date Posted: 9/24/2008