Posts Tagged ‘tarp’

Utah Attorney General Mark Shurtleff is challenging incumbent Sen. Robert Bennett, criticizing Bennet’s pro-TARP vote on bank bailout

Monday, June 1st, 2009

CQ Politics:

Bennett, who says he is taking Shurtleff “very seriously,” is hardly shying away from trumpeting his seniority as he rounds out his third six-year Senate term in the seat he first won in 1992. (more…)

Erick Erickson: independent voters prefer a conservative Republican to a liberal one

Tuesday, May 5th, 2009

Erickson provides further evidence that voters prefer a conservative Republican to a ‘moderate’ one:

The PAGOP and NRSC are flirting with him because Gerlach regularly wins re-election as a Republican in D +2 districts. They forget, however, that Pat Toomey did the same – and with larger margins.

In fact, in 2002, the year Toomey and Gerlach were both on the ballot in D +2, Toomey got 57.4% of the vote and Gerlach got 51% of the vote. Toomey did so without selling out his conservative values. Not so with Gerlach.

In fact, and this is key, Gerlach actually has a more liberal voting record on issues Pennsylanians care about than Arlen Specter. If Specter cannot get out of a Republican primary, how on earth could Gerlach? The answer is he can’t.

Consider these issues:

  • Gerlach voted for the Medicare Prescription Drug Act.
  • He voted for the Bridge to Nowhere.
  • He voted to allow Fannie Mae and Freddie Mac to continue borrowing money from the Treasury.
  • He voted for the mortgage bailout program.
  • He voted for TARP
  • He voted against the right of workers to cast a secret ballot for unionization.
  • He voted against drilling in ANWR.
  • He voted against the same-sex marriage ban.
  • He voted against lifting the moratorium on natural gas production.

Video: Geithner Defends Bank Rescue Program

Wednesday, April 22nd, 2009


TARP: Pat Roberts votes to KEEP it

Sunday, April 5th, 2009

Brownback makes the better vote.  Club for Growth:

Today, Senator David Vitter offered an amendment to the FY10 budget requiring that TARP be stripped of $272 billion in funding. The proposal failed 28-70. The following Republicans sided with all but two Democrats (Russ Feingold and Ben Nelson) to keep TARP fully funded. [Senate leadership in BOLD]:

Alexander, L. (TN)
Chambliss (GA)
Cochran (MS)
Corker (TN)
Graham (SC)
Gregg (NH)
Hatch (UT)
Isakson (GA)
Kyl (AZ)
Lugar (IN)
Martinez (FL)
McConnell (KY)
Roberts (KS)
Snowe (ME)
Voinovich (OH)

Unconstitutionality of TARP and Its Delegation of Legislative Power

Friday, March 27th, 2009

Washington Legal Foundation:

Some calls are tough. The bailout is not one of them. Essentially, it reallocates resources from taxpayers to individuals and businesses which incurred excessive risks and made bad decisions; it substitutes politicians for shareholders in running financial institutions; it prevents capitalism from performing its periodic restorative function, which is to purge inefficient businesses; and it plants the seeds for an inflation such as we’ve never experienced. That’s important stuff; and the Secretary’s discretion is nearly total. TARP is manifestly an unconstitutional delegation of legislative power.

Larry Summers’ political connections to TARP recipients

Wednesday, July 15th, 2020

The Star quotes Huffington Post:

The Huffington Post

Barack Obama’s chief economic adviser, Larry Summers, received hundreds of thousands of dollars in speaking fees last year from firms that have direct financial interests before the government or are intimately involved in the White House’s bank relief programs.

The White House released late Friday the personal financial disclosure forms of many high-ranking administration officials. The document provided for Summers, who serves as one of the president’s closest confidants, underscores just how close some of these officials are to the industry over which they now have oversight.