Wednesday, September 08, 2010

Maloney Lied Repeatedly In Radio Debate

Charles B. RangelImage via Wikipedia

Maloney spoke a string of lies in her radio debate.

She said she does not own BP stocks, she never has. Factually correct. Her family by now has sold all BP stocks it owned. When the Maloney family owned BP stocks, it was in her late husband's name, not hers.

By that logic, Maloney's net worth is zero dollars. She has not made any money. But the truth is her net worth is 20 million dollars. A-l-l of that came from Wall Street. I don't begrudge her wealth. I wish more of the same on as many others as possible.

But to suggest your family owning BP stocks had nothing to do with your voting the Dick Cheney votes on the oil industry in the early 2000s is hogwash. This is Charlie Rangel behavior.

Maloney's 20 million dollars are relevant in that she played a key role in undoing the regulations in 1999 that made her family a lot of money but that gave America its Great Recession a decade later.

Maloney has been accused of having hosted fundraisers with Wall Street PACs right when she was working on Wall Street reform. In the radio debate she said her congressional staff did not organize those fundraisers she attended. Factually correct. But the truth is she has separate staff for fundraising. Her fundraising staff organized those fundraisers that violate the basic ethics rules of Congress. Is that a problem or is that a problem? Did Maloney lie in saying her people did not organize those two fundraisers?

This is Charlie Rangel behavior.

"She lied," Reshma Saujani said. Saujani was pointing out the obvious. But the Maloney trolls are saying for Saujani to point out that Maloney was lying borders towards the "negative."

Looking the other way while wrong is being done, is that positive? That is not positive, that is irresponsible.

Maloney has lied repeatedly.

The biggest lie though was Maloney saying she had authored "70 bills." What she did not say was she got only three of those passed, one was to do with renaming a post office.

Wall Street Journal: Maloney, Saujani In Primary Debate: "Congresswoman Maloney has failed New Yorkers. She has failed to lead, failed to offer a single new idea in this race, failed to serve responsibly and ethically," Ms. Saujani said in her opening statement. "She says that I'm running a negative campaign. Carolyn, all I'm doing is telling the truth." .... Calling for a House ethics investigation into Ms. Maloney's conduct, Ms. Saujani accused Ms. Maloney of holding fund-raisers with lobbyists for the financial-services industry while negotiating legislation to reform Wall Street..... Ms. Saujani accused her of lying: "You said that your staff and you were not involved in those two fund-raisers. I'm holding the invitations right now and they say checks can be mailed to Maloney for Congress. It's this type of lack of ethics and integrity that people are tired of." ..... Ms. Saujani was scheduled Tuesday night to hold a fund-raiser at the home of Alan Jones, managing director of Morgan Stanley.

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