Remarks as prepared for delivery November 4, 2008:
Thank you! And thank you for everything you have done throughout this long campaign.
Today the people of New Hampshire spoke at the ballot box and said loud and clear – they want a new direction!
New Hampshire voters said today they want a Senator who will be a strong, independent voice.
In his TV ad Sununu says people are prospering, but his voting record in Washington has created an economic disaster for middle class families and small businesses.
Moments ago John Sununu expressed his continued support for privatizing Social Security. Why does he still think that's a good idea? Did he miss the 500 point drop in the Dow Jones this morning? Clearly, he still hasn't "turned on the president."
In this morning's debate at St. Anselm College, John Sununu expressed his continued support for privatizing Social Security, despite the fact that it would jeopardize the guaranteed retirement benefits of New Hampshire workers and that the turmoil on Wall Street over the past weeks would likely have devastated privatized Social Security funds.
"My hope was that the Senate would work together in a bipartisan manner to fix the lack of accountability, oversight and taxpayer protections in the bailout bill so that we could rescue our economy without burdening taxpayers and enriching those who created the crisis. I would have supported that sort of proposal. But instead of working together to fix the underlying problems like lax accountability measures, lack of taxpayer protections and loose CEO compensation restrictions, Congress went in the other direction and added millions in tax giveaways for makers of toy wooden arrows and Puerto Rican rum. I would have voted against this Senate bill.
There were plenty of additions that I strongly support, but this process is exactly what is wrong with Washington. Instead of adding sweeteners to woo a few extra votes, Congress should have addressed the problems with the bailout and given the public an economic rescue with strong oversight, accountability and taxpayer protections." - Jeanne Shaheen
From the New Hampshire Democratic Party:
New Videos Show Sununu's History Opposing Wall Street Oversight
For twelve years in Washington, Sununu has fought oversight that may have prevented the current financial meltdown
Wall Street greed and Washington neglect have led to what many experts, including Federal Reserve Board Chairman Ben Bernanke, are calling the worst financial crisis since the Great Depression. The crisis in our financial markets is hurting New Hampshire families. It is putting additional strain on middle class families and small businesses who are already struggling in this economy. New Hampshire housing values are declining. The ability to borrow and obtain financing to buy a home or car or inventory for a small business has become more difficult. Retirement and college savings are threatened. While we address the Wall Street crisis, we cannot forget about the challenges Main Street is facing.
And taxpayer money is now being used to stabilize financial markets to avoid a complete collapse of our economy.