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Chamber Launches Radio Ad Campaign Urging Immediate Action on Financial Crisis

Tuesday, September 30, 2008 - 8:00pm

Josten: "Our Nation's Businesses and Workers are Counting on You"

WASHINGTON, D.C.—The U.S. Chamber of Commerce today launched an inside-the-beltway radio advertising campaign urging Congress to act immediately to pass a responsible bill that will stabilize our financial system and ensure that consumers and businesses will continue to have access to credit.

The 30-second ad calls on leaders in Congress to come together in a bi-partisan manner and to address this crisis. "Now more than ever, our nation is in need of bipartisan leadership in Washington," R. Bruce Josten, the U.S. Chamber's executive vice president for government affairs, says in the ad. "We must act quickly to prevent a total freeze up of our financial system. Inaction, without a doubt, would cause our economy to collapse. Congress, do not delay. Our nation's businesses and workers are counting on you to set aside your differences and pass a bipartisan financial markets rescue bill now."

The U.S. Chamber has been calling on Congress to vote for the compromise bill that was reached over the weekend. The legislation provides the flexibility to be implemented quickly and includes the oversight needed to protect taxpayers. The bill ensures that homeowners facing foreclosure will be direct beneficiaries of government actions and taxpayer expenditures to stabilize financial markets.

"If Congress does not act quickly to help stabilize our markets, our financial system could freeze up almost overnight and prevent consumers and businesses from obtaining credit that they need – creating a meltdown of our economy unlike anything we've ever seen," said Josten. "This radio campaign, our calls and meetings with Hill staff, and our nationwide grassroots efforts illustrate the seriousness and urgency of doing something now to prevent an even worse disaster down the road."

The Chamber campaign is running on various radio outlets throughout the Washington, DC metro area.

The U.S. Chamber is the world's largest business federation representing more than 3 million businesses and organizations of every size, sector, and region.

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