Just received a press release (statement) from the Titus campaign. Here are some excerpts:
Titus: Bailout Package Is One More Example of How Washington Is Broken
“Today’s vote in the House of Representatives is one more example of how Washington is broken and why we need change. Nearly the same bailout bill that failed in the House last week passed today because it was loaded with critical tax breaks that deserved to pass on their own merits…
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“For eight years, George Bush turned a blind eye to the unregulated mortgage market. For six years, Jon Porter marched in lockstep, accepting more than $1.6 million from the financial, insurance, and real estate sectors. Their failure to provide proper oversight and regulation has left us in the current economic mess.
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And Jon Porter supported this legislation before the tax cuts were added, when it was nothing more than a bailout for Wall Street.“I opposed the original House bill because it did not include the necessary regulation and oversight to ensure that this crisis does not happen again…
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“The tax breaks that the Senate added to the package will benefit millions of Americans and have a significant impact here in Nevada… It is unfortunate that in order to pass these important tax cuts Congress had to bail out Wall Street in the process…
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“The package voted on in the House today is far from perfect and I am disappointed that more was not done, especially for families facing foreclosure in the Third District. But with so many critical tax breaks in this bill that will help Southern Nevada, I would have reluctantly supported the broader package.”
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Let’s review:
1. Titus fails to mention that the government policies which birthed the Fannie/Freddie financial crisis were enacted in the Carter and Clinton administrations with the approval of both Ds and Rs in Congress, so she’s either uninformed or being deliberately dishonest.
2. Titus says Bush and Porter are to blame for the lack of oversight when nearly everyone including the present Democratic leadership was complicit in looking the other way, so she’s either uninformed or being deliberately partisan.
3. Titus rips Porter for being in favor of the imperfect bailout bill, but then says “with so many critical tax breaks” for Nevada she would have “reluctantly” voted for the inadequate bill also, so she’s either very confused…or being hypocritical.
Porter voted for the bill. Titus bloviates at length – and then says she would have voted for the bill. When all the ranting and raving is done, what in Sam Hill is the difference?!
Neither the guy who’s in, nor the gal who wants to BE in, has the gumption to stand on principle and fight for good policy when there are special tax credits to be had. Of course: how else could they ingratiate themselves to the voters? Just look at all they’ve done for you!!
That’s a REAL example of how Washington is broken – and Nevada, too.
