The Associated Press: 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

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

Charlie Crist: Supports economic stimulus and some parts of ObamaCare

Meek supported the economic stimulus package and said it kept the country from going into a depression; Rubio said it was a failure. Meek wants to continue Bush's tax cuts for all except those who make more than $250,000, Rubio wants them extended for al earners.

"You think government creates jobs," Rubio said to Meek, cutting him off.

"No, I don't," Meek said.

"You do," Rubio said.

"I think tax cuts for small businesses create jobs and incentives for local communities to move forward," Meek said

Crist added, "What you just witnessed is the problem and the reason I'm running as an independent. These two guys are going at each other because one's the Republican right, one's the Democratic left. What's true is there are good things that both parties can present to the future of our country." Crist, who supported the economic stimulus and said he likes some things in the health care law but that it needs to be fixed, portrayed himself as a centrist who backs the best policies of each party.

Source: Associated Press coverage of 2010 Florida Senate Debate Oct 6, 2010

Kendrick Meek: For economic stimulus, ObamaCare, & repealing Bush tax cuts

There were obvious differences between Meek and Rubio. Meek supported the economic stimulus package and said it kept the country from going into a depression; Rubio said it was a failure. Meek said he would vote for the health care overhaul again and Rubio said it should be repealed. Meek wants to continue President George W. Bush's tax cuts for all except those who make more than $250,000, Rubio wants them extended for all earners.

"You think government creates jobs," Rubio said to Meek, cutting him off.

"No, I don't," Meek said.

"You do," Rubio said.

"I think tax cuts for small businesses create jobs and incentives for local communities to move forward," Meek said.

Crist added, "What you just witnessed is the problem and the reason I'm running as an independent. These two guys are going at each other because one's the Republican right, one's the Democratic left. What's true is there are good things that both parties can present to the future of our country."

Source: Associated Press coverage of 2010 Florida Senate Debate Oct 6, 2010

John Neely Kennedy: Be concerned about economy, but not scared

In past debates Kennedy opened by aligning himself with John McCain, but [in this debate] he described his ideas for re-establishing economic stability in the financial markets and the US economy, an attempt to take control of an issue widely considered a drag on GOP candidates nationwide. “I know many of you are scared. Don’t be. Be concerned, be angry, but don’t be scared,” Kennedy said. “We will survive this economic crisis.”

Landrieu, meanwhile, continued to push herself as a centrist senator who works across party lines and has brought home billions of dollars in aid to Louisiana during her 12 years in Congress, particularly since the blows of hurricanes Katrina and Rita in 2005. “Send me back to continue to fight for you, to deliver for you,” she said.

Source: 2008 Louisiana Senate Debate by Associated Press on NOLA.com Oct 16, 2008

Mary Landrieu: Opposed $700 billion bailout; not enough taxpayer safeguards

Both candidates offered differing views of how to ease the national economic crisis. Kennedy said federal officials should suspend accounting rules that financial industry representatives blame for exacerbating the problems.

Landrieu opposed the $700 billion financial market bailout backed by the White House and approved by Congress. But she also said that she supports government-guaranteed loans between banks and the use of federal tax dollars to buy stocks in banks to shore up the financial system: both plans pushed by the Bush administration, using the authority and money from the bailout bill.

When he was allowed to ask Landrieu a question, Kennedy asked why she now supports elements of the bailout bill: “What made you change your mind?”

“I didn’t change my mind,” she replied. “I did vote against the bailout package because I didn’t think there were enough safeguards for taxpayers.”

Source: 2008 Louisiana Senate Debate by Associated Press on NOLA.com Oct 16, 2008

Jeff Sessions: Bailout well-intentioned, but too much federal intervention

In campaign stops around Alabama, Sessions and Figures both said people voiced concerns about the economy.

Figures said people are “really finding it harder and harder to make ends meet. Look where we are. We went from a nation in the black to a nation in the red. Now we’re up to trillions of dollars in the red,” she said. “My opponent voted with the president 98 percent of the time.”

But Sessions broke with the Bush administration in voting against the financial bailout bill on Oct. 1. “Though well-intentioned, the administration’s plan represents unprecedented governmental intervention in the economy,” Sessions said in a statement. Sessions said he doesn’t believe in “protecting reckless investors” but supports “maintaining a healthy framework for investment.”

Figures said she doesn’t think anybody will be immune from the financial crisis. Without action by Congress, she said more jobs will be lost.

Source: 2008 Alabama Senate Debate; Associated Press on www.AL.com Oct 11, 2008

Vivian Davis Figures: GOP turned nation from surplus to deficit, and jobs get lost

In campaign stops around Alabama, Sessions and Figures both said people voiced concerns about the economy.

Figures said people are “really finding it harder and harder to make ends meet. Look where we are. We went from a nation in the black to a nation in the red. Now we’re up to trillions of dollars in the red,” she said. “My opponent voted with the president 98 percent of the time.”

But Sessions broke with the Bush administration in voting against the financial bailout bill on Oct. 1. “Though well-intentioned, the administration’s plan represents unprecedented governmental intervention in the economy,” Sessions said in a statement. Sessions said he doesn’t believe in “protecting reckless investors” but supports “maintaining a healthy framework for investment.”

Figures said she doesn’t think anybody will be immune from the financial crisis. Without action by Congress, she said more jobs will be lost.

Source: 2008 Alabama Senate Debate; Associated Press on www.AL.com Oct 11, 2008

Betty Castor: No tax cuts to the wealthy while we are facing huge deficits

Q: How should Congress reduce the federal deficit?

CASTOR: Deficits are a drag on our economy and a burden on our children. I would vote for middle-class tax cuts, but I would not vote to give even more tax cuts to the wealthy while we are facing huge deficits and struggling to pay for a war and other priorities. I would close the loopholes that let powerful corporations get away with sheltering taxes overseas and not paying their fair share. I would fight waste, fraud and abuse in government spending

MARTINEZ: Our budget should reflect this nation’s goals and purpose, and advance our three highest priorities. First, America must prevail in the war on terror. Second, we must continue to strengthen our homeland defenses. Third, we must build on the economic recovery that began in earnest in 2003 with policies that further promote growth and job creation. The government must limit discretionary spending growth, focus on the results of government programs, and cut wasteful spending.

Source: Florida Senate Debate, Q&A by Associated Press Oct 24, 2004

Mel Martinez: Promote growth and job creation to reduce the deficit

Q: How should Congress reduce the federal deficit?

CASTOR: Deficits are a drag on our economy and a burden on our children. I would vote for middle-class tax cuts, but I would not vote to give even more tax cuts to the wealthy while we are facing huge deficits and struggling to pay for a war and other priorities. I would close the loopholes that let powerful corporations get away with sheltering taxes overseas and not paying their fair share. I would fight waste, fraud and abuse in government spending

MARTINEZ: Our budget should reflect this nation’s goals and purpose, and advance our three highest priorities. First, America must prevail in the war on terror. Second, we must continue to strengthen our homeland defenses. Third, we must build on the economic recovery that began in earnest in 2003 with policies that further promote growth and job creation. The government must limit discretionary spending growth, focus on the results of government programs, and cut wasteful spending.

Source: Florida Senate Debate, Q&A by Associated Press Oct 24, 2004

Dick Cheney: In 1980s, US needed limited spending for deficit & Cold War

Defending his votes against social spending, Cheney said he would be able to support more of social spending today, now that the budget deficit has been erased.

Cheney credited Reagan with ending the Cold War, which he said led to the end of deficits. He suggested that Clinton deserves little credit for the good economic times; saying his appointment of Alan Greenspan was his only accomplishment. “I don’t think the economy suddenly turned around when Clinton and Gore arrived in Washington,” he said.

Source: D. Ian Hopper, Associated Press Jul 26, 2000

John McCain: Distribute surplus: 23% tax cuts; 62% Social Security

McCain says he would dedicate just 23% of [the federal budget surplus] to a tax-cutting plan. For the rest of the surplus, McCain says 62% would bolster Social Security, 10% would go to Medicare, and 5% would pay down the national debt. “John McCain has never voted for a tax increase, but he thinks saving Social Security is the issue,” McCain’s campaign manager said.
Source: Associated Press, in The Enterprise (Brockton MA), p. A9 Jan 4, 2000

John Kasich: Against ethanol subsidies, and all subsidies

Kasich opposes federal subsidies for ethanol, a corn derivative added to gasoline. Ethanol is especially important to Iowans, who see it as a way to expand demand for corn. “I’m not against ethanol, but I’m not for any subsidies,” Kasich said, adding that he’s against similar benefits for sugar and peanuts. Kasich’s candor was appreciated [by an Iowa gathering], although his stance was not. “They tell me that’s going to kill me in Iowa, but I’m not changing my position to get votes,” he said.
Source: Associated Press, “Strong Positions in Iowa”, 4/26/99 Apr 26, 1999

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