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This week, U.S. Senator John McCain took a large step back from his support of the infamous $700 billion Wall Street bailout that he voted for in 2008, saying he was “misled” by then-Treasury Secretary Henry Paulson [http://www.politico.com/blogs/bensmith/0210/McCain_suspending_bailout_support.html].
In response to Senator McCain’s new position, gubernatorial candidate Nikki Haley released the following statement as it pertains to South Carolina Congressman Gresham Barrett’s vote for the same bailout:
“Like millions of Americans, Senator McCain now understands that the bank bailouts were a colossal waste of taxpayer dollars that did not ease lending to businesses and consumers. Congressman Barrett voted for the same bailouts, yet he has repeatedly taken a very different tact, publicly stating on multiple occasions that if he had to do it all over again he would still favor bailing out Wall Street.
“In my version of capitalism, if a company succeeds, you don’t punish them by raising their taxes sky high; and if a company fails, you don’t reward them by having taxpayers bail them out. This philosophy goes to the heart of what kind of Governor I would be.
“South Carolina voters deserve an answer to a simple question for Congressman Barrett: Are you finally willing to admit that your vote to send 700 billion of our tax dollars to Wall Street banks was a mistake?”
4 responses so far ↓
1 SouthernMan // Feb 23, 2010 at 5:58 pm
Nikki Haley, I believe Congressman Barrett has answered this attack from you on every occasion and for anyone else for record. The man believed from the information he received that one of his constituents would go to an ATM and there would be no money. To be a leader you have to make the best choice on the best information. I believe the rest of his voting record shows what type man he’s made of, as for you, Nikki, you need to gain some maturity.
2 B.J. Boling // Feb 23, 2010 at 7:06 pm
COLUMBIA, SC – B.J. Boling, Barrett for Governor Communications Director, issued the following statement in response to Representative Haley’s press release regarding Congressman Barrett:
“Gresham Barrett has been rated the 4th most conservative Congressman in the country, and he is always upfront about his voting record. The same can’t be said for Representative Haley. The House record doesn’t lie. She claims to have opposed taking Obama’s stimulus funds but twice voted to take the money and allowed it to pass without objection a third time. Sadly, now that the truth is coming out, she’s doing all she can to muddy the waters and cover it up… so much for transparency.”
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3 jmb27 // Feb 23, 2010 at 8:59 pm
Predatory Lending is a major contributor to the economic turmoil we are currently experiencing.
Here is an example of what I am talking about:
Scott Veerkamp / Predatory Lending (Franklin Township School Board Member.)
Please review this information from U.S. Senator Jeff Merkley regarding deceptive lending practices:
“Steering payments were made to brokers who enticed unsuspecting homeowners into deceptive and expensive mortgages. These secret bonus payments, often called Yield Spread Premiums, turned home mortgages into a SCAM.”
The Center for Responsible Lending says YSP “steals equity from struggling families.”
1. Scott collected nearly $10,000 on two separate mortgages using YSP and junk fees. 2. This is an average of $5,000 per loan. 3. The median value of the properties was $135,000. 4. Clearly, this type of lending represents a major ripoff for consumers.
http://merkley.senate.gov/newsroom/press/release/?id=A09C6A80-537A-4EB1-83C5-31925F046B6F
4 Dan // Feb 24, 2010 at 10:49 am
I’m not sure what Rep. Haley is referring to when she says that her opponent “has repeatedly taken a very different tact.”
According to Merriam-Webster dictionary, “tact” refers to a “sensitive mental or aesthetic perception” or “a keen sense of what to do or say in order to maintain good relations with others or avoid offense.”
I assume that Rep. Haley meant to make a commonly-used sailing metaphor, which would imply the use of “tack,” not “tact.”
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