Bartlett: Financial Crisis Is Due To Over-Regulation
For 16 years, Congressman Roscoe Bartlett has voted to deregulate the financial markets every chance he got. And now that the financial markets are in free fall, does Bartlett finally admit that he went too far? No, he says he didn't go far enough! Contrary to just about everyone else, Roscoe Bartlett says that the current financial crisis is due to over-regulation of the financial markets. Watch for yourself this clip from Bartlett's opening statement at the candidates forum sponsored by the Chamber of Commerce in Hagerstown.
Later that evening, at the FCC Candidates Debate, Jennifer examined Bartlett's dismal record of deregulating the financial markets where voters are losing trillions of dollars as the markets continue to decline.
Debates Loom Large
As financial markets continue to plummet, even after the federal bailout, voters are asking if we should hold Roscoe Bartlett accountable for his role in deregulating those same markets during his 16 years in Congress. Two debates will take place on Wednesday, October 8th, where voters can seek answers. The first of these is the Hagerstown Chamber of Commerce Candidates Forum on Wednesday morning. Jennifer and Roscoe will square off again at the Frederick Community College Candidates Debate later that evening. Try to attend these important debates in person, but if you can't get there, watch the FCC debate on Frederick's cable channel 23 which will televise the forum each Friday, Saturday, and Sunday at 8:00 leading up to the election.
Jennifer Voices Her Opposition to the Bailout
The BBC was in Frederick yesterday to report on the proposed $700 Billion bailout. Jennifer pulled no punches in voicing her opposition to the give away to Wall Street fat cats. She says it still doesn't address the root cause of the problem, namely real estate foreclosures. The interview was part of the lead news segment on BBC's Newsnight. You can view it by clicking here. Jennifer's 30 seconds of British fame appears at the 5:30 mark. (A little warning: the BBC website resizes your web browser, so you might want to shift+click on the link to open a new window.)
"We Are The World" Picnic
This picnic was organized by Women for Obama.
Immigration Policy
The federal government must regain control of immigration policy by controlling our borders, improving record keeping for visas, requiring businesses to comply with legal hiring practices, and introducing legislation that will allow working immigrants to follow a clear and fair process.
Those who simply say, “We cannot reward bad behavior”, do not understand the complexities of placing the burden of immigration enforcement on state and local governments. The concept of “rounding up” 17 million immigrants would be another costly and ineffective response to the problem that would be passed on to local property taxpayers and local law enforcement.
I propose that we:
- Invest in border and port security.
- Promote an effective e-verify system for employers and raise penalties on employers who ignore the law.
- Create a payroll deduction system for workers who are earning citizenship status that would shift the burden from the general fund to cover immigration enforcement. They pay for the cost of their processing, a paycheck at a time!
- Enforce the laws and when a person who is arrested for a serious crime is found to be here without proper immigration status, he should be deported.
- Evaluate federal support for local schools which have been financially impacted.
Bail Out Wall Street?
Find the Solution on Main Street
The real estate slowdown hit Main Street two years ago, but President Bush did nothing, and even threatened to veto Democrat-sponsored legislation that would have helped homeowners. Now, when the meltdown is hurting millionaires on Wall Street, President Bush wants immediate action with no strings attached. Already, in the last few weeks, he’s spent hundreds of billions of taxpayer dollars protecting a selected few corporate lenders from their bad investments.
No one can be sure of the next best step. People in Washington and New York, wanting to protect their own hides, want immediate and dramatic action. People in the 6th Congressional district want something more. I am not sure that I trust many in Washington right now. The past 8 years of no regulation and no oversight have left us with terrible choices. No one wants to avoid action, but we want to take the right steps.
President Bush wants $700 billion more of taxpayer dollars to bail out Wall Street banks, and even foreign-owned banks, so they can just keep selling mortgages. Even worse, President Bush says: “Don’t clutter the bailout bill with foreclosure protection for homeowners, or salary cuts for millionaire CEOs, or measures to ensure that taxpayers don’t get cheated. Just give us the money and go away.”
Bartlett's "Senior Moment"
From a Letter to the Editor in The Frederick News Post:
"Later in the meeting he engaged in a discussion with Ryan and had a "senior moment" with a memory lapse. Bartlett: "I forgot what I was going to say" and Ryan bailed Bartlett out of the embarrassing situation. Bartlett's 82 years are showing. This isn't to ridicule the man, I am 73 years old. We old white men need to get out of the way so our young people can carve out their future in the 21st century."
Registration Deadline Approaching
The Great Frederick Fair was a wonderful week of seeing old friends and meeting new ones. The Democratic tent across from the Grandstand entrance and Dairy Bar was buzzing with activity most of the week and I want to thank the Central Committee and all of the volunteers for doing a great job.
Everyone knows that we could not keep Obama supplies in the tent and our campaign delivered about twice as many signs, stickers and materials as the last election. The voter registration table was busy every night with new voters. People are taking charge of their future and they have decided they will not leave it up to chance or long-serving Congressmen and Senators to bring about the progress we need.
If you want to register, and you will be at least 18 by the November 4th election, please make sure you stop by your local Democratic headquarters in each county or go to the Board of Elections in your County Office Building. The registration deadline is October 14, 2008. DON’T MISS THIS IMPORTANT ELECTION!
Let's Change Congress!
Please join us for a reception to benefit the campaign.
Monday, September 29th
6-8 p.m.
23 West Third Street
Frederick, MD
Host $500
Patron $250
Guest $100
Please RSVP by Friday, Sept 26th by e-mail to campaign@jennifer08.com or phone 240-575-9461/301-524-7442
Please make checks payable to
"Jennifer Dougherty for Congress"
23 W. Third Street, Frederick, MD 21701
Contributions to federal candidates are not deductible for income tax purposes. Corporate checks are not acceptable for federal campaigns.
Contributions are limited to $2,300 per individual for each election.
When: September 29th, 2008 6:00 PM through 8:00 PM
Location:
23 West Third Street
Frederick, MD 21701
United States
Map this Location
Contact
Phone: 240-575-9461
Phone: 301-524-7442
Email: campaign@jennifer08.com
