The Bailout: Reaction and Reasons with Rep. Tom Cole
Ardmore, OK – One of the more significant pieces of legislation in U.S. history has been in effect for a few weeks. The "Economic Rescue Plan" was passed to rescue lenders and gives the Federal Reserve authority to borrow between 700 to 850 billion dollars. 4th District U.S. Representative Tom Cole from Oklahoma voted for the legislation both times it came through the house.
KCCU's David Meyer reports on why Cole feels the rescue plan will save the economy. This is part one of a two part series. Part two will feature reaction from Cole's opponent in November, Blake Cummings.