Mark Warner on Corporations

Democratic Jr Senator; previously Governor

Financial crisis stems from companies over-borrowing

The two candidates agreed that the country needs more oversight in its financial sector, following the recent crisis on Wall Street.

Gilmore said the situation stems from companies allowing too much borrowing against too little assets. “We simply have to have more oversight right now to make sure that people understand that they can’t operate their businesses that way against the public interest,” he said.

Warner faulted Washington and Wall Street for being “asleep at the switch.” He said the country should look at Britain’s use of a single financial regulator as a possible model to fix the current crisis. “If there was ever a time to send somebody to Washington that can read a balance sheet... it’s now,” Warner said.

Source: 2008 VA Senate Debate in The Washington Times , Sep 19, 2008

More state contracts for minority & women-owned businesses

Gov. Warner recognized that small businesses and those owned by women and minorities were not receiving a fair share of state government spending on goods and services. The numbers were shocking. When Gov. Warner took office, minority and women-owned businesses combined accounted for a mere 1.27% of state contracts, even though minority companies constituted 15% of all Virginia private businesses. As a result of these efforts, procurement from women-owned and minority businesses nearly quadrupled. Source: 2008 Senate campaign website, markwarner2008.com, “Issues” , Mar 9, 2008

Rated 83% by UFCW, indicating an anti-management/pro-labor record.

Warner scores 83% by UFCW on labor-management issues

The United Food and Commercial Workers International Union (UFCW) is North America's Neighborhood Union--1.3 million members with UFCW locals in all 50 states, Puerto Rico and Canada. Our members work in supermarkets, drug stores, retail stores, meatpacking and meat processing plants, food processing plants, and manufacturing workers who make everything from fertilizer to shoes. We number over 60,000 strong with 25,000 workers in chemical production and 20,000 who work in garment and textile industries.

American Jobs Act (+)
Balanced Budget Amendment (-)
Rejecting Cut, Cap, and Balance (+)
Repeal Health Care Law (-)
Sen. Am. 14 Wicker Am. to S 223, excluding unionization at TSA (-)
Sen. Am. 740 McCain Am. to HR 2112, defunding TAA (-)
Trade Adjustment Assistance Extension Act (TAA) (+)

Source: UFCW website 12-UFCW-S on May 2, 2012

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Contact info: Fax Number: 202-224-6295 Mailing Address: Senate Office SR-459A, Washington, DC 20510 Phone number: (202) 224-2023

Page last updated: Apr 22, 2013