Martin assails Chambliss' fed bailout vote

Democratic Senate race candidate Jim Martin, talking to reporters at a press conference in downtown Atlanta, Sept, 16, 2008. (Dave Bender)

Jim Martin Thursday morning slammed Republican incumbent Saxby Chambliss over his vote for the financial market bailout bill late Wednesday night:

“I am disappointed, but not surprised, to see that Saxby Chambliss voted for another typical Washington solution to a very real problem.”

“This updated package still fails to address the fundamental problems created by the deregulation of Wall Street, which Chambliss went to Washington and voted for every step of the way. And it lacks consumer protections to stem the abusive lending practices that are at the root of this crisis - practices that I sounded the alarm on two years ago, long before the mortgage crisis began.”

Martin, in a statement, said that if he wins Chambliss' seat in November, he'll take steps to prevent a similar situation in the future:

“If the bailout bill ultimately passes in its present form, I will work with our next president and the congressional leadership to address these flaws so that we can ensure that another crisis of this magnitude does not threaten our economy in the future.”

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