Sherman town hall brings heat
Some 200 Valley residents braved the heat to attend a town hall meeting Sunday held by U.S. Rep. Brad Sherman, D-Sherman Oaks, voicing their concerns over the lingering recession, health care, foreign affairs and other pertinent issues for the congressman. Talai Ansari in the Daily News.
Sherman, who serves on the House Committee on Financial Services, opened the meeting by addressing economic issues facing the nation including bailouts and state budget woes. Sherman reminded his constituents that he did not vote for the Wall Street bailout, to which the crowd applauded.
But he warned attendees at the packed Reseda High School auditorium that "the recession would be hard on us for another two years."
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Los Angeles Daily News City Hall reporter Rick Orlov writes about politics on the local, state and national stage.
Well, even before he announces the recession issues, I know this will still last for several years. I don’t know if there is still hope in our economy but still I hope for some recovery. Well politicians have always a great contribution in our economy status, and in relation to this, Bernie Madoff will undoubtedly go down in history as one of the biggest crooks ever to walk the earth. Today, the awaited Bernie Madoff sentencing has been handed down, and for running the largest Ponzi scheme in history, the culprit has been given 150 years, effectively a life sentence. Some have already pled for the release of Madoff, as his crime is revealed, and there won't be unsecured loans to repay his victims or reestablish any credibility for him at this point. The judge decided that the prosecution was correct in asking for the maximum sentence, and gave him 150 years in the clink. Billions in quick cash won't help Bernie Madoff now.