Senator Mitch McConnell, Where Is Your Heart?
Jim Pence September 18th, 2008
It has been said “for where your treasure is, there your heart will be also." So let’s take a few minutes and examine where Mitch McConnell’s heart is.
Remember Senator Mitch McConnell saying this March. 6, 2005 on Meet The Press? " That personal accounts are is an extraordinarily good investment. Let’s take a 25-year-old, for example. Invests $1,000 in regular Social Security, gets a 2 percent return over 40 years, he gets $61,000. That same young person investing that same $1,000 in a personal retirement account, looking at the average return on investment of the stock market, would get $100,000 more. Why don’t we at least discuss that in the context of the overall effort to save Social Security for our children and our grandchildren?"
Those of of that knew what was going on then and now, know now what Senator Mitch McConnell wanted, he wanted to infuse Social Security money into the stock market to drive the market up temporarily, so his rich pals could make a quick killing and increase their wealth and then his rich pals would bail out of the market, leaving regular folks holding the proverbial empty bag.
Remember SCHIP and how folks like Senator Mitch McConnell fought tooth and nail to defeat a program that would help provide healthcare to our children at a cost of $35 billion over five years.
Remember Mitch saying this "Our Democratic colleagues have taken SCHIP hostage , and what they want in exchange is Republican support for government-run health care., courtesy of Washington."
Remember Medicare Part D and how folks like Senator Mitch McConnell voted against allowing Medicare to negotiate with drug makers to lower the price of medicine for seniors.
OK I could go on and on here, but it’s obvious where Senator Mitch McConnell’s heart is when it comes to regular folks and he, Senator Mitch McConnell, has no problem telling us, but when it comes to his rich pals receiving gaudy amounts of money while running their companies in the ground he , Senator Mitch McConnell, is silent.
Senator Mitch McConnell’s ties with AIG .
Senator Mitch McConnell seemed to approve of AIG CEO Martin Sullivan’s $47 million severance package back in July and the reason I say this is because Senator Mitch McConnell never hesitates to express how he feels and he approved of this gaudy $47 million severance package for his pal Martin Sullivan with his silence. Here in Kentucky we call that welfare for the rich!
Senator Mitch McConnell, with his silence, also approved the gaudy millions paid to the CEO’s of Fannie Mae and Freddie Mac.
Fannie Mae CEO Daniel Mudd reaped a 7 percent rise in pay to $13.4 million in 2007 while the company lost $2.1 billion and its shared fell 33%. How would you like to have a job like that?
Using a pay-disclosure measure that the SEC prefers, which treats the value of stock and options differently, Freddie Mac chief Richard Syron ‘s pay for 2007 was $18.3 million , up 24% from 2006. That ain’t bad either.
Where is Senator Mitch McConnell’s heart? Follow the money all $800 billion of it!
- 2008 KY U.S. Senate Race , AIG , Bailouts , Bear Stearns , Daniel Mudd , Fannie Mae , Freddie Mac , Martin Sullivan , Mitch McConnell , Richard Syron
- Comments(5)
Regardless of what Mitch McConnell thinks, something has to be done about social security. I would love to put all of my money in private investments as opposed to social security. Not only will I get more money when I retire, but I would be assured that the money would actually be there!
Alex,
I agree something needs to be done about Social Security and I won’t debate the issue of Social Security privatization here because it’s too complicated, but I will say this, folks like Richard Syron, Daniel Mudd and Martin Sullivan are dying to get control of your money.
Be careful for what you wish for!
Jim
When jobs are exported people can not afford to pay their mortgages. Mitch this is why the trade agreement with Columbia was blocked. First the raw materials are exported and then the jobs. Mitch, you need to become a decent loyal American if that is possible. No Mitch, the United States workers don’t have hygiene problems nor do they need anger management courses but when we have trash as a Labor Secretary who makes statements like this Unions ARE NEEDED.
Hello Houston we still have a problem!
if you’ve lost your job and it has been Outsourced,how will you stop foreclosure? what will keep the economy running now?
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