Yarmuth Supports Bailout Package

by Gabe Bullard on October 3, 2008

Kentucky Congressman John Yarmuth reluctantly supported the economic recovery package that cleared the Senate this week.

Yarmuth was one of 228 House members who opposed the previous recovery package on Monday.    He isn’t happy about the new bill, but he says it’s necessary in order to calm the public and prevent a total economic meltdown.

The recovery package includes a $700 billion bailout of the country’s financial sector. It also includes millions of dollars in earmarks, which Yarmuth says are extraneous.

“I think that was a horrible thing for the Senate to do,” says Yarmuth. “I think it undermines the credibility of this proposal and I think it undermines the credibility of Congress.”

Yarmuth acknowledges that the likely won over some colleagues who voted against the first bailout package,  by bringing extra money to their districts.

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