The Associated General Contractors of America (AGC), the nation's oldest commercial construction trade association, called on Congress to take swift and decisive action to pass the financial industry rescue package.
"While there may not be a perfect solution to this
complex crisis, a failure to buttress financial markets will lead to a credit
freeze that will cause the cancellation of construction projects, bankruptcy of
construction firms and unemployment of construction workers," stated AGC's
Chief Executive Officer Stephen E. Sandherr.
"The availability of credit to finance worthy construction projects
is the lifeblood of the commercial construction industry."