News releases from Congressman Baron Hill (D), Todd Young (R) and Greg Knott (L):
HILL CHALLENGES OPPONENTS TO SUPPORT WALL STREET REFORM
Seymour – Baron Hill challenged his main opponents, Libertarian Greg Knott and Republican Todd Young to support the Wall Street Reform bill that recently passed the House and Senate. Hill made the statement after Republican leaders in Washington advocated for the legislation to be repealed, even before being signed by the President.
“I voted against the banking bailout - twice,” Hill said. “I was proud to support this legislation because it will prevent future bailouts while also reigning in Wall Street.”
Hill made the challenge as Republicans in Washington stated their desire to see the reform bill repealed. Minority leader John Boehner made such a statement last week and the bill passed with little bipartisan support.
“Unfortunately, some in Washington have shown that they care more about playing politics with peoples’ jobs than protecting our economy. My opponent has been taking money and talking points from the D.C. establishment so we need to ask if he is also going to stand against this important bill. He needs to respect the voters enough to tell them his position on this issue now. He needs to stand with Hoosiers, not the interests of Wall Street,” Hill said.
Baron Hill is an independent leader, fiscal conservative and lifelong resident of Southern Indiana. Baron is running for Congress to restore fiscal responsibility and stopping irresponsible spending in Washington and fight for all of Southern Indiana. Baron and his wife Betty live in Seymour, Indiana. They are the proud parents of three daughters and one granddaughter.
Todd Young for Congress
New Albany, IN - Newly-released numbers from the Bureau of Labor Statistics reveal that Indiana's unemployment rate increased for the month of June; more than 10 percent of Hoosiers are now out of work.
Given this news, we wonder if Congressman Baron Hill still stands by his claim, made just last week, that the $1 trillion stimulus is creating jobs all over Indiana.
We're curious if he still sleeps "very well" at night because of his votes for Obamacare, the temporarily stalled Cap-and-Trade energy tax, and every other tax-raising, job-killing piece of legislation Nancy Pelosi has forced on the American people.
And aside from blaming others, we would like to know if he has any explanation for the fact that Indiana's unemployment rate, which was 5.1 percent when he returned to Congress in January 2007, has doubled during his time in office.
Apparently Baron Hill is proud of and at peace with his record. He thinks his votes to grow government, raise taxes and discourage hiring have served southern Indiana well.
The numbers tell another tale.
Where are the jobs Baron?
Knott slams Hill for voting to repeal bank regulation
In his July 20 statement, incumbent Congressman Baron Hill criticized politicians who take "money and talking points from the D.C. establishment". He challenged politicians to "stand with Hoosiers, not the interests of Wall Street.”
Greg Knott, the 9th District Libertarian nominee, responded to Hill’s statement
saying, “Hill’s attack is hypocritical since he took $805,290 from the banking lobby in exchange for the repeal of the 1933 Glass-Steagall Banking Act-- which had protected Americans from Wall Street excesses since the Great Depression.”
Asked his view of the Wall Street Reform and Consumer Protection Act signed
by President Obama on Wednesday, Knott said, “I agree with economist Nouriel
Roubini, who correctly predicted the current crisis in 2005. He says this
reform is too weak to prevent future financial meltdowns. It’s not as strong as
Glass-Steagall which Baron Hill voted to repeal in 1999 and it won’t stop Wall
Street from gambling with our economy and expecting taxpayer funded bailouts. This reform bill is fundamentally flawed because it doesn’t require accountability from the Federal Reserve which created the current mess by pushing interest rates too low for too long. We need to audit the Federal Reserve and reform it where necessary. Why did Baron Hill and 119 other co-sponsors of HR 1207 [which requires a Federal Reserve audit] flip-flop and vote against its inclusion in the financial reform bill? Is Senator Dick Durbin correct that even though the banks created the current crisis, they are still the most powerful Washington lobby and own Congress?”
Asked how he would prevent banks from owning Congress, Knott said, “fire any
Congressman that receives funding from the banking lobby. Hire someone like
me who only accepts small individual contributions of $300 or less. Vote only for
candidates who will be accountable to you.”