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Wednesday, October 08, 2008

GREAT NEWS For Kentuckians: Both Brett Guthrie And David Boswell Suggest They Would NOT Have Kissed The Bailout Pig With Lipstick!



Below is the info quoted verbatim from the H-L:

2nd District candidates tread carefully on bailout

While the challengers in two other high-profile federal races go after their entrenched opponents over last week's $700 billion financial system bailout, the two contenders for the 2nd congressional district aren't making that issue a focal point of their campaigns.

Still, both candidates -- Democratic state Sen. David Boswell of Owensboro and Republican state Sen. Brett Guthrie of Bowling Green -- have been critical of the bailout bill.

Boswell has been the more explicit in his opposition.

"I would have voted against it," he said Tuesday before attending a state legislative committee meeting in Frankfort.

Specifically, he said would have rather seen the federal government insure -- rather than buy up -- the toxic securities that are based on soured mortgages. Those are at the root of what is making many Wall Street investment firms teeter on the brink of collapse. Boswell, however, said he did think the bill was wise to increase the federal guarantee for bank deposits of up to $250,000.

"There are some things they did that make it more palatable," Boswell said. "But, to me, it just seems like there should have been more debate."

Boswell said he will continue talking with voters about their broader concerns about the economy and tackling the bailout issue in debates, including one scheduled for Thursday in Bowling Green. But he said he doubts he will hammer on the bailout itself in commercials.

"We probably won't deal with it in an ad campaign," he said. "But every speech I give, I always bring up the $10 trillion national debt. It all plays together."

Guthrie has remained tighter-lipped on the subject over the last five days.

Even though he is also on the same transportation committee with Boswell, he didn't attend Tuesday's meeting in Frankfort because he was at a campaign fund-raiser.

But his campaign issued a statement to the Herald-Leader late Tuesday calling the bailout an example of "classic Congress."

"They did nothing for years and now they write a big check," Guthrie's statement said. "This is another example of why we need some people in Washington who understand what life is like out here in the real world."

That seemed to smack at those who voted for the bill, who included the Republican congressman Guthrie is seeking to succeed, Republican Rep. Ron Lewis of Cecilia.

Lewis, in a statement issued Friday after he voted for the bailout bill, called the bill "an important step to restore confidence in our financial markets and protect taxpayers from all walks of life from the severe financial consequences that have begun to ripple through the economy as a result of irresponsible business practices."

Guthrie, meanwhile, pledged that, if elected, he would strive to "hold accountable anyone who caused this mess and press reforms that will prevent this sort of crisis from ever happening again."

- Ryan Alessi

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