Local Libertarian candidates angry about bailout

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Not a surprise, obviously, but the party issued a statement on their views on the bailout, as well as a chart of congress members they are opposing and how many contributions they received from the financial industry.

Alan Pyeatt, as we outlined in an election profile this week, is running against Adam Schiff this November, and Ted Brown is running against David Dreier. We'll be looking at that race this weekend. The statement:

"We already have a mechanism to sort out the assets and
liabilities of a troubled company-it's called bankruptcy.
Bankruptcy doesn't mean that assets get torched or employees get
blacklisted from all future employment. Bankruptcy just means that
assets and employees are taken away from those who failed to
manage them wisely, and made available for more productive
employment.

"We already have a mechanism to punish those who deceived
borrowers or lenders-it's called prosecution for fraud. The
Libertarian candidate for president, Bob Barr, a former federal
prosecutor, has called for vigorous prosecution of anybody who
engaged in deceptive lending or who deliberately overvalued
mortgage-backed securities. He says we need to clean up the
marketplace, not cover up financial crimes with a pile of taxpayer
money.

"Most importantly, we already have a mechanism to punish the
politicians who worked so hard to help create this mess-it's
called an election. This November, don't bail out the incumbents
who are using your tax dollars to bail out their irresponsible
friends on Wall Street. Instead, vote for the only party in
America that believes people should be free to make their own
choices in their personal and economic lives-and should bear the
responsibility for those choices. Vote Libertarian, and send the
message that Washington should be in nobody's pocket."

=====================================================================
Incumbent 2008 $ From
Libertarian For Bailed-Out
District Challenger Incumbent Bailout? PACs
=====================================================================
52 Michael Benoit Duncan Hunter (R) No $0
53 Ed Teyssier Susan Davis (D) Yes $5,000
46 Ernst Gasteiger Dana Rohrabacher (R) No $8,250
38 Chris Agrella Grace Napolitano (D) No $10,500
49 Lars Grossmith Darrell Issa (R) No $14,500
9 Jim Eyer Barbara Lee (D) No then Yes $15,700
35 Herb Peters Maxine Waters (D) Yes $16,000
12 Kevin Peterson Jackie Speier (D) Yes $19,500
50 Wayne Dunlap Brian Bilbray (R) No $29,000
29 Alan Pyeatt Adam Schiff (D) No then Yes $35,927
16 Steve Wells Zoe Lofgren (D) Yes $36,000
3 D.A. "Art" Tuma Dan Lungren (R) Yes $37,500
14 Brian Holtz Anna Eshoo (D) Yes $46,000
26 Ted Brown David Dreier (R) Yes $113,750
48 Don Patterson John Campbell (R) Yes $143,449
27 Tim Denton Brad Sherman (D) No $146,965
7 Camden McConnell George Miller (D) Yes $148,859
8 Phil Berg Nancy Pelosi (D) Yes $302,600
=====================================================================
Source: OpenSecrets.org

2 Comments

It’s really great post. I would like to appreciate your work and would like to tell to my friends.
If you really want you can look the other way and not talk about it. Don’t give up your morals for anything. Generally this will lead to a mistaken and unproductive life.

UNDER THE DOME

Dan Abenschein
Pasadena -- news, politics and gossip. Send tips, rumors, rants to Dan Abendschein dan.abendschein@sgvn.com.

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