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Himes Schools Shays on Fundamentals of Economy

by: CaptCT

Thu Sep 18, 2008 at 23:25:56 PM EDT

While Chris Shays is denying that the foundations of our economy are buckling, Jim Himes took the time on Thursday to point out some of the cracks. He also exposed some of the roots of the problem, including Congressmen like Shays whose regulation-busting policies over the last decade created the financial tremors we're seeing now. Speaking like a man who's actually worked at an investment bank, Himes then laid out some steps to prevent this kind of meltdown from happening again.

In a press conference on Thursday in Norwalk, Himes said:

It was just two weeks ago that my opponent Christopher Shays said, "Our economy is fundamentally strong. No one can disagree with that." Well, he could not be more wrong. ...
One of the many ways the economy is not fundamentally strong is the fact that 600,000 Americans have lost their jobs since January. ...
We are here fundamentally because over a period of years Washington has taken the referee off the field. ... Chris Shays was among those who bought into the Republican anti-regulation ideology. He said, and this is a quote, "The last thing I like seeing is regulation."
Now we're all learning what the sweeping and devastating consequences of that attitude are.

Here's the video:

CaptCT :: Himes Schools Shays on Fundamentals of Economy

Tags: Chris Shays, Jim Himes, CT-04, economy, (All Tags)

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Himes Schools Shays on Fundamentals of Economy | 1 comments

3 minutes.... (0.00 / 0)

into it and then he quotes shays....

How about a money quote up front

"Last week Bush. McCain and Shays all thought the economy was fundamentally sound. What a difference a week makes. The Shays/Bush/McCain economy of deregulation and anything goes as long as the rich can get richer has failed with we, the taxpayers being on the hook for their failure. Shays loved deregulation, the same deregulation that allowed AIG to make all those risky investment that brought it to the point where the government had to socialize it this week. Shays has long loved deregulation calling it "a very good thing" and saying it would benefit the people. Do you feel benefited yet?"

The question is not what you are, we already determined that, we are now negotiating price.
electrealdemocrats.com Online since 3/07 -- TimetogoJoe.com Online s

by: Met00 @ Fri Sep 19, 2008 at 17:24:23 PM UTC