Bailout fallout: Locals chime in

The Daily Sentinel asked local business professionals for their reaction to the Senate passing the bailout legislation. Here is what they said:

Dennis Edson, co-founder of Unifirst Mortgage in Grand Junction:

• “It’s probably going to give people some confidence in our economy. The logical conclusion is it should stabilize our market and give some confidence to the American consumer.”

Jack Connolly, Certified Financial Planner for Connolly Financial Group in Grand Junction:

• “They’ve come to the realization this is not a Wall Street issue. It’s a Main Street issue. It’s an attempt to help people all across the country. It affects housing, even the sale of cars at some point in time. We need to address it. I think everybody realizes it. In some cases, (legislators) are grandstanding for the constituents. They know they need to pass it because there aren’t many options to strengthen the economy and keep it going forward.”

J.D. Miller, certified financial planner, Miller Financial Advisors LLC in Grand Junction:

• “I don’t think there’s any alternative. There are two major things that would affect us locally: first of all, the availability of credit to individuals and small businesses. As it stands right now, almost no one can buy a house or a car because of lack of financing. As you probably are aware, there’s a tremendous amount of people in this valley that are sitting there with their futures eroded with the market gone down. They talk on the news that it’s affecting Main Street. That’s as Main Street as it gets, when people don’t have the money to live the rest of their lives.”

Ken Richards, branch manager, Prospect Mortgage in Grand Junction:

• “I am glad the original plan was voted down. ... Without all the extra appropriations ... it should be a good thing for the economy.


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