Trade Associations Urge Congress To Pass $700 Billion Rescue PackageWednesday, October 1, 2008
(American Meat Institute)
AMI joined more than 50 other trade associations in signing a joint letter to Congress urging the House and Senate to pass the Emergency Economic Stabilization Act and bring stability to the credit markets. “The evaporation of credit is affecting businesses of all sizes and consumers and we run the risk of further declines in housing values,” the letter states.
The letter underscores the effect the lack
of liquidity and credit is having on American
businesses, affecting everyone from
The signators note that the future health of the economy is relying on quick passage of a robust plan to help prevent a complete freeze in the credit markets. “Americans rely on credit and liquid markets to make our economy function, and we will continue to see our economy and the well-being of all Americans impacted unless Congress acts,” the letter states.
To see a copy of the letter, click here:
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