Monday, September 29, 2008

Walt would have voted ‘no’ on the bailout bill

By John Foster - Monday, September 29, 2008 at 03:06 PM

Walt Minnick today issued the following statement on today’s failed vote in Congress on the so-called “bailout bill.”

“I’ve spent the last 24 hours reviewing the final bill, and I agree with the 228 Democrats and Republicans who rejected it. We need action, but this was the wrong bill to save the American economy.  As a businessman, I understand the clear and urgent need for Congress to act to save our financial system, and - unlike my opponent - I understand the economics behind it. But the bill voted down today was another example of a broken U.S. Congress. It was written to please politicians, not to protect America’s economy. I urge Congressional leaders to stay in session, act quickly and craft a bill Americans can support.”

What does Walt support?

- No “golden parachutes” for CEOs or bailouts for shareholders. Any company wishing to participate in the rescue program must renegotiate the contracts of their CEOs to eliminate any other-than-normal salary payouts upon the CEO’s termination.

- Loans, not buyouts for troubled banks. The government should not buy out those bad assets, but should instead offer short-term loans to banks taking taxpayer funds. Those banks that do not or cannot repay in a timely fashion would be foreclosed and the assets sold. 

Sunday, September 28, 2008

Evening news roundup

By John Foster - Sunday, September 28, 2008 at 04:00 PM

The big news of the week has been the debate in Washington, D.C., over the economy. Tonight it looks as though Congressional leaders have reached a bipartisan compromise. You can read about it here.

The big recent story for the Minnick for Congress campaign appeared last week in Roll Call, the must-read newspaper of Capitol Hill. The site is only accessible with a password, but here’s a choice snippet: Maybe Rep. Bill Sali (R-Idaho) enjoys the suspense. The freshman hails from one of the most conservative states in the country and is running for re-election in a presidential year in a district that President Bush won in 2004 with 69 percent. But his victory against wealthy businessman Walt Minnick (D) in the 1st district, while likely, is hardly guaranteed.

We are also very excited by KTVB’s analysis of our recent ad criticizing Bill Sali’s poor financial record. Their verdict on our claims? True, true, true and true.

Next, you might have read the major Associated Press story earlier this month about Walt and Bill Sali. (It’s still available here.) The Idaho Statesman provides the “bio boxes” accompanying that story, and it’s interesting to see the “best quotes” from each person. Walt’s quote is about the need for less regulation by government. Sali’s quote is ... about Walt.

Maybe it’s because he’s rattled. I mean, he can’t even get the fellow members of Idaho’s delegation to include Sali’s name on their joint press release.

Next, two great quotes I missed in previous posts. Steve Crump, a columnist in the Twin Falls Times-News, had this to say about a study ranking how “outgoing” states are when compared to each other. “Idaho didn’t make the top 10 in any category, but it had the sixth-lowest score in the whole U.S. of A. in extroversion … It’s not bad enough that we suffer Bill Sali, the third-highest gas prices in the country, and the University of Idaho and Idaho State University football programs? Now we’re Howard Hughes.”


The second comes from the incomparable Marty Trillhaase, editorial writer for the Idaho Falls Post-Register, who wrote about Sali’s attempt to shoo others from the U.S. Senate race: “Sali, a Republican, is locked in a tight re-election battle against Democrat Walt Minnick. Where does he find the time – or the nerve – to dictate who can run for office?”

Finally, if you have some time you can hear Walt’s recent appearance on KBOI by clicking here.

Sunday, September 28, 2008

Sali Debt Watch and Tidbit: 3 Days Left!

By John Foster - Sunday, September 28, 2008 at 03:59 PM

Just three days left for Bill Sali to pay back more than $125,000 in debts owed by his campaign.

DEBT TIDBIT OF THE DAY: Did you know Sali still owes over $12,000 in back-pay to his staff from the 2006 campaign? Click here to see the list.

Saturday, September 27, 2008

Sali debt tidbit of the day

By John Foster - Saturday, September 27, 2008 at 08:17 PM

DEBT TIDBIT OF THE DAY: Did you know that Bill Sali’s ongoing debts to corporations are likely violations of federal campaign finance laws? Click here and read page 121. 

Saturday, September 27, 2008

Sali Debt Watch: 4 days for Bill to pay his bills

By John Foster - Saturday, September 27, 2008 at 04:14 PM

Will Bill Sali pay off his $125,673 bill?
Saturday, September 27, 2008

The next Federal Election Commission campaign finance deadline is at midnight on September 30, and Idahoans are wondering: Will Bill Sali pay what he owes?

Sali’s financial troubles are well documented. He’s more than $125,000 in arrears from his 2006 Congressional campaign, his top consultant insists that Sali pay cash up-front, his spokesman has also misrepresented Sali’s debt to the press, and his FEC reports are a mess.

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