NJ Legislators Split As Wall Street Bail Out Fails

WASHINGTON, D.C.—New Jersey congressmen split 7-6 in voting against the $700 billion Wall Street bail out plan proposed by the Bush administration in the wake of a nationwide mortgage crisis, which triggered bank failures and a diminutive stock market crash Monday.

Democrats Donald Payne, Steve Rothman and Bill Pascrell voted against the $700 billion proposal along with Republicans Rodney Frelinghuysen, Scott Garrett, Frank LoBiondo and Chris Smith.

Republicans Mike Ferguson and James Saxton joined Democrats Rush Holt, Albio Sires, Frank Pallone and Rob Andrews in voting for the financial bailout package that had been negotiated by the White House and a bipartisan group of elected and appointed officials.

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Junior Stateswoman

 

 

Junior Stateswoman—Colonia resident Emilie Burke (right), a sophomore at Benedictine Academy in Elizabeth, visited Congressman Michael Ferguson’s office in June while she was enrolled at Georgetown University in Washington D.C. in the “Junior Statesmen of America Summer School Program”. She was one of 1,300 high school students to gather on four campuses to immerse themselves in politics and debate. 

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Congressman Visits Clark Resident

CLARK—Last week, Congressman Mike Ferguson and Aaron Glickman, the store manager of Home Depot, visited the home of Joseph Margeton of Clark to inspect a recently built handicap ramp.

In an effort to secure funding to construct the ramp, Margeton contacted Ferguson’s congressional office for assistance. Ferguson’s staff worked with The Home Depot, who generously donated the funding for the ramp. Margeton, 88, has lived in Clark with his family for 50 years and served in the Army during World War II.

From Left to Right: Nicole Waggenhoffer, with daughters, Helen Irene Waggenhoffer and Katherine Elizabeth Waggenhoffer, Rick Waggenhoffer, Irene Margeton (sitting) Congressman Mike Ferguson, Joseph Margeton (sitting) and Aaron Glickman, the store manager of the Home Depot in Garwood.

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