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Mark Udall for Colorado
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Mark Udall: For this Democrat, finding common ground a way of life
Bob Schaffer: Republican has a thirst to be 'where the debate is'
The Aspen Times issued its endorsement for United States Senate today in no uncertain terms:
As you know, I voted against the bailout package on Monday, because I took a hard look at it through the eyes of Coloradans, and I didn't see what they needed to see. What I saw was a $700 billion bailout for Wall Street banks that didn't do enough to reassure taxpayers that they'd get their money back, didn't have a sure process for holding CEOs accountable and limiting taxpayer-funded golden parachutes, and didn't address the mortgage crisis that is at the root of our economic problems and is forcing hard-working Coloradans out of their homes. Just as important, what I saw was a "rescue" for Wall Street that did nothing to begin fixing the broken financial system that led us to this crisis. I'm deeply disappointed to say that this remains the case with the legislation the House of Representatives approved today. The Senate sent us a bill that added a single improvement to the package the House rejected, plus hundreds of pages of "sweeteners" intended to win over those of us who opposed it the first time. Many of those "sweeteners" are things I support -- the people of Colorado know I have worked long and hard for middle-class tax breaks and have spent my entire career as a champion for investment in the new energy economy. But no amount of "sweetener" changes the fact that Americans deserve a better solution to our economic crisis than the one we've already rejected. That's why I voted "No" on today's bailout package. I have no interest in making the perfect the enemy of the good. Anyone who knows my work in Congress knows that I am not a "my-way-or-the-highway" legislator. Because of the greed and lack of oversight on Wall Street, we face an unquestionably grave economic situation that requires Congress to act. But a better solution was still within our reach -- one that took immediate action to get our economy back on stable footing while providing the protection, oversight, and fundamental reforms American families deserve. I was still guided by the words of the legendary basketball coach John Wooden, who told his players, "Boys, be quick. But don't hurry." My hope was that after the House rejected Monday's bailout package, we in Congress would be quick to work together, improve the legislation, and bring forward a revised version that would deserve and obtain broad support in Colorado and across the country. We had that opportunity until the Senate acted to re-package the old bailout bill in new clothing. We owe the taxpayers more than to hurry a deeply flawed package out the door at such tremendous cost to them. I believe we could have added provisions that (1) provided independent oversight of the Treasury's program, (2) strengthened the equity position of taxpayers in purchasing mortgage-backed assets, (3) required the government to help responsible homeowners refinance their mortgages, and (4) insured that taxpayers will not be on the hook for irresponsible compensation packages for CEOs. This bill claims to address these problems, but the exceptions in this bill swallow the rule. In short, the bill doesn't do what it claims to do. On Tuesday, stronger provisions were within our reach and we should have worked to secure them. I hope -- for the sake of all those people who have worked hard and played by the rules, only to see their retirement whittled away or their homes' values plummet -- that this package does what its supporters promise us it will. But in the end, my responsibility is to Colorado families, and I continue to believe as I did on Monday, that I could not ask them to foot the bill for a bailout that costs so much, with so little accountability, so little reform, and so little protection for them. Sincerely, Mark Udall Across America—it's an economic crisis. In Colorado—middle-class families are squeezed to the breaking point. And the failed economic policies of George Bush and Bob Schaffer are a big reason for the mess. Schaffer voted for billions in special tax breaks for corporations that ship American jobs overseas. Schaffer wants billions more in tax giveaways for big oil companies. And Bob Schaffer voted to protect the pensions of corporate CEOs—even when those executives falsify their companies' financial documents. Bob Schaffer. Failed economic policies Colorado just can't afford. Today I voted "No" on the $700 Billion bailout package.
My first responsibility is to Colorado families and taxpayers. I take very seriously the warnings about how conditions in the credit markets could affect the overall economy. However, the cost of this bailout was too high and the return far too uncertain for the American families who were being asked to bear the burden. I've always said that any response to this economic crisis must adhere to four core principles: no blank checks for the mistakes of Wall Street and the Bush Administration; a real crackdown on excessive executive compensation; help for small businesses and Main Street America; and strong taxpayer protections. Unfortunately, while today's bailout proposal came closer to satisfying these principles than the blank check originally sought by the administration, it remains an incomplete response. This bill does nothing to begin the fundamental reform that is needed to fix the broken financial system that led us to this crisis. Washington is painfully slow to make fundamental reforms except in times of extreme duress and real public outrage, so we must make sure this opportunity leads to real reforms to the laws governing our markets, financial institutions, and their regulation. I cannot accept a solution that risks $700 billion to bail out the boat, but does nothing to patch up the hole. I have listened to the warnings of many people in the last week about the condition of our credit markets, and I understand that we are in a grave situation. But these happen to be the very same people who not long ago rejected government intervention and told us that our financial sector was in good order. We must take more time, work together, and bring forth a measure that garners broader support in Colorado and across the country. We must respond to the economic crisis with a bill that offers more relief for homeowners facing foreclosure, develops a better oversight structure, and institutes stronger reform measures to prevent such a crisis from happening ever again. I look forward to continuing to work with Democrats and Republicans in Congress towards this end. Sincerely, Mark Udall The Udall campaign released the results of its latest internal poll today...
The YouTube Face-off has now been posted. Check out Mark's answers to the five questions chosen from over 30 submitted by YouTube viewers, with a special hat tip to Mike from Lamar whose question was not selected, but was related to one asked by another viewer. Read More »
Mark wants know what's on your mind and answer your questions about the issues at stake in the race for Senate! That's why he is participating in an engaging question-and-answer forum on YouTube, to give you, your fellow MarkUdall.com activists, and the general public the chance to have a direct, two-way conversation with the candidates for Colorado's open Senate seat.
Please click here to submit a video question for Mark Udall and Bob Schaffer by Sunday, August 31. If you do not have YouTube account, please click here to create so that you can submit your video. The top 5 video submissions will be answered by both candidates! The stakes of this race are high and Coloradans deserve a Senator who will look out for their interests, not the special interests. We know that Mark Udall is the only candidate in this race who is prepared to lead our state forward by investing in our renewable energy future, fighting for Colorado's working families, and restoring America's role in the international community. This YouTube forum will give all Coloradans a unique opportunity to see just how stark the differences are between Mark Udall and Bob Schaffer. We encourage you to read more about where Mark stands on the issues, and Bob Schaffer's shameful record. Then, take a few minutes this weekend to record a video using your webcam, digital camera, camcorder, or mobile phone -- and submit it to YouTube as a "Video Response." Submissions will not be accepted after Sunday, August 31, so please pose your question to Mark Udall and Bob Schaffer today! Thank you for participating in this exciting conversation. Tune in tonight to hear Mark speak at the DNC convention. You can also watch it online.
Mark released the following statement on Senator Obama's choice of Joe Biden as his Vice-presidential running mate:
Read the formatted release here. The Udall campaign released this statement following today's KBDI/CBS4/Rocky Debate:
The Udall campaign sent out the following release today about or new TV ad just hitting the airwaves: Read More » Forward Colorado has posted a number of canvassing opportunities on our events system, and more are being posted all the time. Click here to find a canvass near you and start pounding the pavement for Mark Udall and Democrats up and down the ticket.
Mark Udall and Forward Colorado, a project of the Colorado Democratic Party, have opened field offices all across our great rectangular state. We've launched a new regional section of our site with all kinds of resources for you to use to help elect Mark Udall to the United States Senate. Check it out!The Udall Campaign released the following statement today. You will be able to see the debate for yourself on FOX 31 this Sunday at 10:00 p.m.
The Udall campaign released the following statement this morning. View the new ad here.
The powerful special interests are at it again—launching false attacks on Mark Udall. But, here are the facts: Mark Udall has voted to reduce taxes on middle class families and Colorado's small businesses—at least 65 times. It's true (see below the more than 65 votes Mark Udall has cast to reduce taxes on small businesses and the middle class). Meanwhile, Bob Schaffer and his special interest allies just keep giving away billions in tax breaks to millionaires, big oil companies, and corporations who ship American jobs overseas. Coloradans deserve better than false, misleading attacks. And Coloradans deserve better than when Washington and Bob Schaffer sell out to special interests. Read More »Mark Udall wins spirited debate against Bob Schaffer. Press release after the jump. Read More »
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