Exclusive to OpEdNews:
OpEdNews Op Eds

Congressional Candidate Statement On The Financial Crisis Sept. 28, 2008

By       Message John Russell     Permalink
      (Page 1 of 4 pages)
Related Topic(s): ; ; ; ; ; ; ; ; ; , Add Tags Add to My Group(s)

Must Read 1   Well Said 1   Valuable 1  
View Ratings | Rate It


Author 23092
Become a Fan
  (5 fans)
- Advertisement -
As the Democratic Nominee for the U.S. House in Florida's 5th Congressional District in September 2008 I published my statement of solution aimed at fairly determining blame while simultaneously providing short and long term solutions to the fast evolving financial meltdown.

My 2008 opponent, Rep. Ginny Brown-Waite - an individual essentially devoid of character - offering no rationale for her opposition to "The Bailout," voted against the legislation.

My position appears below. What follows my press release of 28 September 2008 are some points made recently by Berkeley Professor of Economics Robert Reich for comparison.

Press Release

For Immediate Release For Immediate Release 28 September 2008

Contact Person: Chyrisse Tabone-Russell, Communications Director

John Russell for Congress Campaign

- Advertisement -

Tel: 352-567-1618

e-mail: campaign@johnrussellforcongress.com

Wall Street Bailout Must Be Subject to Conditions

Fundamentally in consideration of any bailout, America must protect the financial integrity of taxpayers while also ensuring that appropriate and routine credit access and availability at reasonable price points is re-established.

- Advertisement -

America must not rush into any agreement without first validating the nature of the evolving constrictions on credit availability. We are not even absolutely certain this bailout is necessary, or will even be effective in fulfilling its loosely stated goals. More detailed information must be made available to not only the congress but the general public as well.

As a former financial advisor (MBA, Series 7 and 63 license), and after having spoken with several financial experts, listened to numerous economic pundits both on television and radio, considered the comments by leaders on both sides of the aisle, and having read the analysis of the current situation by several leading economists, I have arrived at some important conclusions that should define the guiding principles of any bailout measure agreed to by the Congress and approved by the President.

Therefore, the principles listed below I believe provide a more comprehensive basis for securing our economy, not only in the current crisis, but going forward as well.

Next Page  1  |  2  |  3  |  4


Must Read 1   Well Said 1   Valuable 1  
View Ratings | Rate It

I am a Nationally Certified Acute Care Nurse Practitioner/ARNP with an MBA in Health Systems Management and a former financial advisor Series 7 and 63. I was the Democratic Nominee in both 2006 and 2008 for Florida's 5th District U.S House seat in (more...)

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon

Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

Health Care Reform It's True Meaning

America vs FCC and Chair Julius Genachowski A CALL TO ACTION!

A Second Great Depression? You Decide!

Fiscal Cliff My Ass The "Shock" is Worth The Drop!

The Rush To "The Cliff," The Deception vs Unspoken Alternatives

Wall Street Bailout Must Be Subject to Conditions