REVERSING ECONOMIC COLLAPSE

We are at a crossroads in this country.  For the first time since the Wall Street Crash of 1929, our country is at risk of financial failure.

In the past couple of weeks, our government has bailed out mortgage industry giants Fannie Mae and Freddie Mac, and America’s largest insurance company, AIG.  Our government is about to spend $700 BILLION more to bail out the banking.

More than a TRILLION dollars – YOUR dollars – are going to socialize industries that had been regulated (to protect taxpayers) since the Great Depression.

The economic crisis was aided by our Congressman.  For his entire political career, Congressman Doc Hastings loudly championed the ideology of deregulation.  He was rewarded with hundreds of thousands of dollars in PAC contributions from the mortgage, insurance, and finance industry.
My name is George Fearing and this is where I stand.

American taxpayers should not be robbed by bad managers and crooked CEOs. American taxpayers need greater protections before their government socializes the banking, mortgage and insurance industries.

The safety protections included the oversight Securities and Exchange Commission, and other industries were monitored to prevent a repeat of 1929. But those protections were removed, in the name of deregulation.  Corporations profited, while consumers were overcharged, and now, taxpayers are on the hook for more than a TRILLION dollars.

I am for protecting homeowners who were defrauded into mortgages they couldn’t afford.  While homeowners find themselves in debt that is difficult get out of, even in bankruptcy, the mortgage companies and banks get an easy bailout.  To use $700 billion bailing out banks while denying taxpayers any protections is simply obscene.

Doc Hastings has helped bring the United States to the brink of financial ruin.  The voters of Central Washington deserve new leadership and accountability.  When I am your Representative, I will put our people before the Party, and I will put common sense before corporate greed.
It’s time for a change.

We have a serious problem in our country.  And we have some serious challenges in Central Washington.  And the economic crisis makes it more difficult to remedy our challenges.
Hanford is the world’s second most radioactively contaminated site, after Chernobyl.  Nuclear waste is leaking into the ground water.  We need to get back on track with the cleanup of Hanford. While the incumbent has not been effective in getting enough clean up money, Doc and the government can find $1 TRILLION to bail out bad management.  I will work to get this toxic mess cleaned up, creating thousands of jobs in the process.

But that’s not all. If you think being dependent on foreign oil is bad, try being dependent on foreign food. When the incumbent voted to give “Most Favored Nation” status to China, he gave Chinese farmers advantages that American farmers don’t have. Thanks to MFN, China wiped out our wheat gluten industry and all we got was 50,000 dead American pets. The only good thing about this tragedy is that it wasn’t 50,000 American children.

Last weekend, multi-national companies like Nestle discovered their products containing Chinese milk were contaminated with melamine.  Nestle exports thousands of products to America, many destined for children.  Many companies used to operate in the United States, but Hastings-supported tax breaks encouraged companies to move to China.

It is time for a change.  It’s time for a Representative that will fight harder for American farmers than those in China, and for American-based businesses instead of those around the world.
Change starts here, and it starts with me. I am asking for you to join with me, to save this country.  Many people have parents and grandparents who survived the Great Depression.  Let’s seek out their wisdom, as we untangle the web of problems brought about by poor leadership.
The time has come for a new Congressman.  The time has come for George Fearing.