Tag Archives: Fort Wayne Journal Gazette

Economic Stabilization Bill Passes House, Bush to Sign

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The U.S. House of Representatives just passed the Emergency Economic Stabilization Act of 2008 by a tally of 263 to 171.

Republicans who said they would switch their votes from "no" to "yes" included Rep. Howard Cobble, R-N.C., and Rep. Sue Myrick, R-N.C. In a statement, Myrick said, "We’re on the cusp of a complete catastrophic credit meltdown. There is no liquidity in the market. We are out of time. Either you believe that fact, or you don’t. I do."

Indiana’s Congressmen voted as follows:

Yay
Andre Carson (D)
Joe Donnelly (D)
Brad Ellsworth (D)
Mark Souder (R)

Nay
Dan Burton (R)
Steve Buyer (R)
Mike Pence (R)
Baron Hill (D)
Pete Visclosky (D)

Both Indiana Senators Richard Lugar (R) and Evan Bayh (D) voted for the bill in the Senate, where it passed 74-25.

Sen. Evan Bayh, D-Ind., cast a reluctant “yes” vote.

“As distasteful as it is for Congress to take this action, doing nothing would likely make things much worse,” he said in a statement. “Once we have dealt with the present crisis, we must channel our anger into making sure this never, ever happens again.”

Sen. Richard Lugar, R-Ind., also voted for the bill.

“Failure to pass (this) legislation would lead to massive unemployment and failure of small business and farming operations in Indiana,” he said in a statement. “That is unacceptable.”

Preparing Adults for a Brighter Future

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The title of this post also served as the subtitle of an Indiana Chamber study released earlier this year titled Indiana’s Adult Education and Workforce Skills Performance Report.

There are many Hoosiers with a vested interest in overcoming the challenges — such as 651,000 workers with no college education and earning less than a living wage.

Two names at the top of that list of interested parties are Thomas Snyder, president of Ivy Tech Community College, and Teresa Voors, commissioner of the Indiana Department of Workforce Development. Snyder and Voors, along with Mark Lawrance (a Chamber senior vice president who oversaw the study in his role as head of the Chamber Foundation) are taking the message around the state. Audiences in Bloomington, Evansville, Fort Wayne and South Bend have heard about the needs, what the state is already doing well and how public and private sector leaders are working together to craft additional solutions.

The Fort Wayne Journal Gazette and the South Bend Tribune report on the recent visits to their communities. Gary and Indianapolis are among the upcoming stops.

Contact Lawrance to learn about the study and what many are saying is the No. 1 long-term challenge facing our state.