Arkansas Congressmen Disappointed by Bailout Defeat

LITTLE ROCK, Ark. (AP) - Arkansas' four congressmen have voted for a $700 billion emergency rescue for the nation's financial system, but the measure was rejected by the House yesterday.

Congressman Marion Berry, John Boozman, Vic Snyder and Mike Ross said they were disappointed by the 228-205 vote to reject the bill. Berry, Snyder and Ross are Democrats. Boozman is the congressional delegation's sole Republican.

Berry said the bill was not about bailing out Wall Street. He said it was intended to protect the pensions and other investments of ordinary Americans, and to ensure that our farmers and small businesses are able to get credit to grow and keep Americans working.

Snyder said the bill's passage was needed to restore confidence in the nation's economy.

Boozman called his vote for the package a vote for Arkansas families.

(Copyright 2008 by The Associated Press.  All Rights Reserved.)