2010 MO Senate Debates: on Budget & Economy


Robin Carnahan: 2008 bank bailout helped Wall Street, not ordinary people

Carnahan criticized Blunt for his role in a 2008 bill bailing out troubled financial institutions, suggesting that it demonstrated a willingness to help Wall Street more than ordinary people. "Congressman Blunt time and again is on the side of Wall Street. He can figure out every rationale to give bailouts to Wall Street, he can say that it was great that it helped our economy--he's said it over and over again," Carnahan said. "But as I travel around our state, it hasn't helped. It hasn't delivered as promised."

Blunt defended the financial legislation, noting that much of the money already has been repaid. He contrasted the bailout with the 2009 federal stimulus package, which Blunt described as a "huge mistake" and a "huge waste of money." Blunt said the stimulus is not helping the economy. "It didn't have the impact on the economy that the president promised, and we should have known from day one that it wouldn't have," Blunt said.

Source: Associated Press coverage of 2010 Missouri Senate debate Oct 15, 2010

Robin Carnahan: 2008 bank bailout helped Wall Street, not ordinary people

Carnahan criticized Blunt for his role in a 2008 bill bailing out troubled financial institutions, suggesting that it demonstrated a willingness to help Wall Street more than ordinary people. "Congressman Blunt time and again is on the side of Wall Street. He can figure out every rationale to give bailouts to Wall Street, he can say that it was great that it helped our economy--he's said it over and over again," Carnahan said. "But as I travel around our state, it hasn't helped.
Source: Kansas City Star coverage of 2010 Missouri Senate debate Oct 15, 2010

Roy Blunt: Bailout ok; stimulus package a huge mistake

Carnahan criticized Blunt for his role in a 2008 bill bailing out troubled financial institutions, suggesting that it demonstrated a willingness to help Wall Street more than ordinary people. "Congressman Blunt time and again is on the side of Wall Street. He can figure out every rationale to give bailouts to Wall Street, he can say that it was great that it helped our economy--he's said it over and over again," Carnahan said. "But as I travel around our state, it hasn't helped. It hasn't delivered as promised."

Blunt defended the financial legislation, noting that much of the money already has been repaid. He contrasted the bailout with the 2009 federal stimulus package, which Blunt described as a "huge mistake" and a "huge waste of money." Blunt said the stimulus is not helping the economy. "It didn't have the impact on the economy that the president promised, and we should have known from day one that it wouldn't have," Blunt said.

Source: Associated Press coverage of 2010 Missouri Senate debate Oct 15, 2010

Roy Blunt: Bailout ok; stimulus package a huge mistake

Carnahan criticized Blunt for his role in a 2008 bill bailing out troubled financial institutions, suggesting that it demonstrated a willingness to help Wall Street more than ordinary people. "Congressman Blunt time and again is on the side of Wall Street. He can figure out every rationale to give bailouts to Wall Street, he can say that it was great that it helped our economy--he's said it over and over again," Carnahan said. "But as I travel around our state, it hasn't helped.
Source: Kansas City Star coverage of 2010 Missouri Senate debate Oct 15, 2010

Robin Carnahan: TARP financial bailout let banks run wild

"I've been in Jefferson City while Congressman Blunt has been in Washington," she said. "To me, if you put somebody in charge of something for 14 years and they don't get the job done, you fire that person."

Carnahan took some positions to Blunt's right: Promising to ban spending earmarks, for example, and criticizing the financial bailout known as TARP. "Congressman, you were there to let these banks run wild," Carnahan said. "You were there to bail them out with $700 billion of our money."

Recent reports estimate the actual cost of the TARP program at much less than that, Blunt pointed out, adding the bipartisan program prevented financial calamity. "It was a plan that worked," he said. "Hopefully, we'll never get in that situation again."

Source: Kansas City Star coverage of 2010 Missouri Senate debate Oct 14, 2010

Roy Blunt: TARP was a plan that worked

"I've been in Jefferson City while Congressman Blunt has been in Washington," she said. "To me, if you put somebody in charge of something for 14 years and they don't get the job done, you fire that person."

Carnahan took some positions to Blunt's right: Promising to ban spending earmarks, for example, and criticizing the financial bailout known as TARP. "Congressman, you were there to let these banks run wild," Carnahan said. "You were there to bail them out with $700 billion of our money."

Recent reports estimate the actual cost of the TARP program at much less than that, Blunt pointed out, adding the bipartisan program prevented financial calamity. "It was a plan that worked," he said. "Hopefully, we'll never get in that situation again."

Source: Kansas City Star coverage of 2010 Missouri Senate debate Oct 14, 2010

  • The above quotations are from 2010 Missouri Senate Debates.
  • Click here for definitions & background information on Budget & Economy.
  • Click here for other issues (main summary page).
  • Click here for more quotes by Robin Carnahan on Budget & Economy.
  • Click here for more quotes by Roy Blunt on Budget & Economy.
Candidates and political leaders on Budget & Economy:

Retired Senate as of Jan. 2015:
GA:Chambliss(R)
IA:Harkin(D)
MI:Levin(D)
MT:Baucus(D)
NE:Johanns(R)
OK:Coburn(R)
SD:Johnson(D)
WV:Rockefeller(D)

Resigned from 113th House:
AL-1:Jo Bonner(R)
FL-19:Trey Radel(R)
LA-5:Rod Alexander(R)
MA-5:Ed Markey(D)
MO-9:Jo Ann Emerson(R)
NC-12:Melvin Watt(D)
SC-1:Tim Scott(R) 		Retired House to run for Senate or Governor:
AR-4:Tom Cotton(R)
GA-1:Jack Kingston(R)
GA-10:Paul Broun(R)
GA-11:Phil Gingrey(R)
HI-1:Colleen Hanabusa(D)
IA-1:Bruce Braley(D)
LA-6:Bill Cassidy(R)
ME-2:Mike Michaud(D)
MI-14:Gary Peters(D)
MT-0:Steve Daines(R)
OK-5:James Lankford(R)
PA-13:Allyson Schwartz(D)
TX-36:Steve Stockman(R)
WV-2:Shelley Capito(R) 		Retired House as of Jan. 2015:
AL-6:Spencer Bachus(R)
AR-2:Tim Griffin(R)
CA-11:George Miller(D)
CA-25:Howard McKeon(R)
CA-33:Henry Waxman(D)
CA-45:John Campbell(R)
IA-3:Tom Latham(R)
MN-6:Michele Bachmann(R)
NC-6:Howard Coble(R)
NC-7:Mike McIntyre(D)
NJ-3:Jon Runyan(R)
NY-4:Carolyn McCarthy(D)
NY-21:Bill Owens(D)
PA-6:Jim Gerlach(R)
UT-4:Jim Matheson(D)
VA-8:Jim Moran(D)
VA-10:Frank Wolf(R)
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Page last updated: Dec 03, 2018