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Posted: Monday, 29 September 2008 5:33PM
Detroit City Council Members Oppose Bailout
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Detroit (WWJ) -- U.S. lawmakers voted 228 to 205 Monday to defeat an effort by President Bush to prop-up wall street with a $700 billion bail-out. But, will another attempt pass?
Detroit City Council President pro tem Jo Ann Watson is one of those who hopes it doesn't, because she says the measure doesn't help the average American.
At Monday's council meeting, Watson said we are in an economic hurricane which has wreaked devastation on the people, "We are demanding that because it's our dollars," Watson said.
"We demand it, and the citizens have a right to be respected. The United States, just a few days ago, sent a billion dollars to the Republic of Georgia. So, if we can take care of the Republic of Georgia, how much more should the federal government, where we pay taxes, take care of the eleventh largest city in the United States," said said.
Watson and other city council members are demanding a 2-year moratorium on foreclosures. Watson says they're not asking for a hand-out. They just want what they're due.
(Photo - Left to right: Jo Ann Watson, Monica Conyers, Brenda Jones, Martha Reeves, and Attorney Jerry Goldberg)
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