Tuesday, March 30, 2010

A Business Plan or A Record of Killing Business?

From FDP:


Still without a business plan for Florida, Congressman Bill McCollum continues to deny his role in the current economic crisis, forcing Floridians to wonder if he'd bring the same failed economic policies to the Governor's Office that he pushed through Congress.

"Congressman Bill McCollum stands behind the laws he pushed through Congress that have been widely acknowledged as a determining factor in the economic collapse, which has cost jobs right here in Florida - creating a tied record high unemployment," Florida Democratic Party spokesman Eric Jotkoff said. "If Bill McCollum can't even see the error in his economic ways that cost countless Florida jobs, it's clear that he won't be able to move our economy forward if elected Governor, especially since he hasn't even bothered to produce an economic plan or vision."

As Governor McCollum Would Likely Turn Florida's Economy Into A "Permanent Bust":

In Congress McCollum Helped Turn Our "Lemonade Into A Lemon". "In Congress, McCollum helped turn our lemonade economy into a lemon. In 1999, he co-sponsored the Gramm-Leach-Bliley Act to repeal the Glass-Steagall Act, which prevented banks from taking on riskier investments that could precipitate the very financial crisis Obama inherited. ... As governor, McCollum would likely turn Florida's economy into a permanent bust." (Column, Sun-Sentinel, 01/15/10)

McCollum Falsely Denied His Record Even As John McCain Called Him Out:

Former Congressman Bill McCollum Defended Cosponsoring and Pushing the Wall Street Deregulation Through Congress. "McCollum says the banker-friendly policies he backed on [the] banking and housing committee in congress contributed in no way to the economic collapse." (St. Petersburg Times/TampaBay.com, The Buzz Political Blog, 12/16/09)

John McCain Supported Rolling Back McCollum's Wall Street Deregulation. "'I don't believe when I was there that we created the foundation in those years for the problems that came after I left in 2000,' he [McCollum] said. ... But on Wednesday, Republican Sen. John McCain proposed reining in Wall Street by resurrecting the Depression-era law that separated commercial and investment banking - the same law McCollum favored repealing as a congressman in 1999. ... As a member of Congress from 1980 to 2000, McCollum served on the committee overseeing financial services and co-sponsored 1999 legislation that tore down the Depression-era firewall between investment banks and commercial banks." (St. Petersburg Times, 12/17/09)