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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.

New York Tech MeetUp

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Radio Debate: Reshma Saujani, Carolyn Maloney


If FDR were around today, he would NOT be doing radio chats. He would disapprove of these two East Side politicians doing a radio chat. FDR would be doing YouTube, like Barack Obama is. I don't understand Maloney's love for radio technology. Or maybe I do.



Audio Of The Debate
Another Audio
New York Times: Debate In House Race Stirs Big Passions For A Small Audience: a long-awaited radio debate .... abruptly hit Ms. Maloney with a tough question about her ethics..... when Ms. Saujani chimed in that “Carolyn Maloney just lied,” Mr. Louis left the accusation hanging ..... WWRL-AM (1600), which ranks about 50th among stations in the metropolitan area ....... The primary contest has grown increasingly heated as election day draws near, with each woman calling the other dishonest and desperate. ..... refused several invitations to debate her rival on television ..... Saujani had raised $1.36 million ..... Saujani pounded her again and again, belittling her recent legislative record by calling her a “member of Congress emeritus” and denigrating her intellect by questioning Ms. Maloney’s mastery of Wall Street jargon. ..... “If I were to ask Carolyn Maloney what a basis point is, she probably doesn’t know,” Ms. Saujani said. ..... “People are sick and tired of the corruption and lack of ethics and integrity,” Ms. Saujani said. ...... Ms. Maloney seemed to stumble here, saying, “I was not involved in fund-raising,” though she did not deny having attended the two events or that her campaign team, in which she presumably has some role, had arranged them. ......Saujani kept on the attack until the end, accusing Ms. Maloney of doing too little for Queens and of taking sole credit for achievements that were not hers alone, from the Second Avenue subway line to the establishment of a new bank in Queensbridge. And she tried to deflate Ms. Maloney’s passage of credit card reform legislation last year by noting that a delay in its implementation allowed card issuers to raise interest rates.

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New York Observer Endorsement: Reshma 2010 Now Unstoppable

Reshma Saujani

Carolyn Maloney has represented Manhattan's old silk-stocking Congressional district—once the home of John Lindsay and Ed Koch since 1992. It seems fair to say that she hasn't had to break a sweat ever since. Token opponents have been swatted away without much discussion or debate. Every two years, voters in the 14th Congressional District on the Upper East Side and in Queens have marched to the polls and given Ms. Maloney virtually uncontested victories. Not this year.

A 34-year-old hedge-fund lawyer named Reshma Saujani has emerged as a refreshing, energetic alterative to Ms. Maloney. We support her bid to unseat the incumbent as the Democratic Party's nominee in the 14th District. Ms. Saujani is the sort of Democrat who understands that faux populism won't bring back jobs to New York. Ms. Maloney jumped on the bandwagon to "punish" Wall Street after the catastrophes of the last two years, supporting job-killing regulation and interference. Ms. Saujani, who has worked for three hedge funds, has a more sophisticated understanding of the relationship between Wall Street and government. She believes New York and the nation will prosper when politicians stop blaming bankers and financial institutions for the country's economic malaise.

Carolyn Maloney has been a capable if unspectacular member of Congress for nearly 20 years. It's time to bring new energy and fresh ideas to the House. Democrats should choose Reshma Saujani.
The New York Observer
The New York Observer’s Primary Choices
Last Word On Reshma/Maloney General Election
Gillibrand To Raise For Maloney

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