Pearce’s opposition helps keep bailout on hold
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On Thursday afternoon, the president and many congressional leaders sounded confident that they had a deal in place on a proposed bailout to stabilize the economy. But by Thursday evening, it was clear that no deal was in place, largely because a group of conservative Republicans are rejecting the plan. U.S. Rep. and Senate candidate Steve Pearce, R-N.M., is among the proposal’s detractors. Their unwillingness to support the bailout is keeping Washington and Wall Street on edge. Pearce says the bailout proposal isn’t a real solution to the financial crisis. Continue Reading