El Paso, Texas -- The poor economy has made some El Pasoans fear for their jobs.

"I have, yeah,” said Neena Reeve of West El Paso. “Especially being in real estate. You don't know if you're gonna have a job the next day."

But now that President George W. Bush has signed the $700 billion bailout package into law, Reeve said she feels a little better about the unstable economy.

"It would help me very much with my job," she said.

The economic rescue package will give consumers a tax break on the alternative minimum tax. Businesses would get a tax break as well, something that may come in handy for small businesses in El Paso. The El Paso Chamber of Commerce president said that small businesses make up roughly 80 percent of El Paso's businesses.

"It's good because the economy is in a bad place right now,” said Alphonso Duaret of Central El Paso. “Whatever it takes."

Officials at Workforce Upper Rio Grande said the city saw new jobs from January to August, but in the last three months some of those jobs have disappeared in a slumping economy.

"Unemployment claims have gone up in the last three months during summer. Right now they are between 19,000 and 20,000 for El Paso,"said David Cornado, a labor market analyst with Workforce Solutions Upper Rio Grande. “So that’s 19,000 to 20,000 people that have filed for unemployment benefits,” he said.

While many have been pointing the finger at greed on Wall Street or lack of regulation, some El Pasoans said consumers need to own up to their responsibilities.

"I think people spend too much money,” said Kelly Gomez of West El Paso. “They're using credit cards, then filing bankruptcy."

But despite who the blame falls on, many agreed something had to be done.

“I think it’s a good thing, but maybe not so much,” Gomez said.