Larry LaRocco on Budget & Economy
Democratic Senate Challenger; previously US Rep.
LaRocco said he would have voted for the bailout bill because it's about small companies having the capital and credit to buy a truck or inventory, and because the final version had oversight and taxpayer protections.
LaRocco and Risch agreed that lax regulation led to the economic meltdown. Rammell said overregulation caused the economic disaster. "Fannie and Freddie were required by law to give 42% of their loans to low- and moderate- and high-risk individuals. If we truly lived in a free market economy nobody would have made these high-risk loans. Nobody."
And while the administration is quick to bail out Wall Street, Idaho's main streets need help, said LaRocco, who introduced an economic stimulus plan to aid workers and industries in the state.
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2008 Senate retirements:
Incoming Obama Administration:
Winners of 2008 Senate Races:
( * if new to the Senate)
AK:*Begich over Stevens
DE:Biden and Kaufman
GA:Chambliss v.Martin (Dec. 2 runoff)
MN:Coleman v.Franken (recounting as of Dec.1)
NC:*Hagan over Dole
NH:*Shaheen over Sununu
OR:*Merkley over Smith
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