Mary Landrieu in The Associated Press


On Budget & Economy: 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

On Energy & Oil: Proud of expanding oil drilling in the Gulf of Mexico

Landrieu said one of her proudest wins in Congress was getting approval for the expansion of offshore oil drilling in the Gulf of Mexico, with a large portion of the royalties going to help Louisiana coastal protection efforts.

Kennedy responded that much of the billions of dollars in royalties wouldn’t start flowing until 2017, after thousands more acres of wetlands had washed away. But Landrieu noted millions of dollars already had come to Louisiana because of the drilling bill.

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

On Government Reform: I have delivered for Louisiana; send me back for more

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

The above quotations are from Columns and news articles distributed by the Associated Press.
Click here for other excerpts from Columns and news articles distributed by the Associated Press.
Click here for other excerpts by Mary Landrieu.
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Page last updated: Feb 15, 2019