| IMMEDIATE
RELEASE: Monday September
29, 2008
MBRT Urges Bipartisan Congressional Support for President's Plan to Boost Ailing U.S. Economy and Protect American Taxpayers
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MBRT supports Congressional
bipartisan compromise
aiding the troubled
U.S. economy to help
Main Street Taxpayers
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Restore confidence in American financial markets and Protect American retirement, savings and housing
Washington,
D.C. - These
are challenging economic
times where credit is
tightening and there is
a lack of confidence in
Wall Street's ability
to correct itself or manage
this crisis. The conditions
under which Congress is
being forced to act are
difficult. In reviewing
the legislation that is
being drafted in response
to the Administration's
proposals, we should be
guided by certain principles.
First
we need to restore confidence
to the market. But any
plan adopted by the Congress
must also give confidence
to the American taxpayers
that their dollars are
not being used recklessly.
The execution of the rescue
package must be completely
transparent to the American
People.
"As
a socially and fiscally
responsible business owner
who manages the employment
of thousands of American
workers across the U.S.,
I am concerned about the
safety net for Americans
who have limited retirement,
savings and housing problems
while the cost of necessities
are rising," said Janice
Howroyd, Chairman of MBRT
and CEO, Act-1 Personnel
Services. "We need to
protect taxpayers and
restore confidence in
our free market economy
while helping those most
vulnerable".
"Every
American is at risk if
we do nothing", said Roger
A. Campos, President &
CEO. "We need to establish
parameters and guidelines
that provide strong oversight
and supervision that monitors
and measures results to
protect our financial
investments. Congress
must not give a blank
corporate check to Wall
Street without conditions
such as inappropriate
executive compensation
and taxpayers should receive
an insurance and equity
plan with total transparency
as the government recovers
cash from participating
companies."
President
George W. Bush said, "…We
need a rescue plan…Our
proposal is a big proposal.
And the reason it's big
and substantial is because
we've got a big problem…Republicans
and Democrats need and
will come together and
pass a substantial rescue
plan."
About
the Minority Business
RoundTable:
The Minority Business
RoundTable is the only
national non-profit organization
for CEOs of the nation's
leading African-American,
Asian-American, Hispanic-American,
Native-American and other
minority-owned businesses.
Its members analyze and
help formulate effective
public policies that impact
minority-owned business.
Our corporate members
work to create sustainable
communities and national
economic viability through
successful partnerships.
The
Minority Business RoundTable
is proud to have Glaxco
Smith Kline, Equifax,
the Allegis Group and
Aerotek, Inc., the Business
Roundtable, an association
of chief executive officers
of the country's leading
corporations, Western
Union, the Kauffman Foundation,
U.S. Department of Energy,
U.S. Small Business Administration,
U.S. Department of Homeland
Security, U.S. Department
of Labor and other federal
agencies, corporations
and business trade groups
as strategic partners.
For more information on
the Minority Business
RoundTable, please visit
www.mbrt.net.
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NEWS
RELEASE
Minority
Business Roundtable
1629 K Street, Suite 300
Washington, D.C. 20036
Contact: Roger A Campos
President & CEO
Minority Business Roundtable
202-289-8881
rogercampos@mbrt.net
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