THE TENNESSEE CONGRESSIONAL DELEGATION INCLUDING A NORTHEAST TENNESSEE LAWMAKER HAVE VOTED BY A MARGIN OF FIVE-TO-FOUR AGAINST A 700-BILLION DOLLAR EMERGENCY BAILOUT FOR THE NATION’S FINANCIAL SYSTEM. CONGRESSMAN DAVID DAVIS OF JOHNSON CITY EXPLAINS WHY HE VOTED AGAINST THE BAILOUT LEGISLATION.

CART… DAVIS

ACCORDING TO DAVIS, THERE NEEDS TO BE SOME CHANGES MADE IN REGULATION TO DEAL WITH SUCH CRISIS. SO NOW, IT’S BACK TO DRAWING BOARD AND DAVIS BELIEVES THEY NEED TO COME UP WITH LEGISLATION THAT FIRST PROTECTS THE TAXPAYERS, AND THEN DEALS WITH WALL STREET AND THE PROBLEMS IT’S BEEN HAVING. davis.mp3