Sunday, December 06, 2009

Dodd Responds Poorly

In my economic opinion Chris Dodd responded poorly, very poorly. I would like to share with my most recent response from our soon-to-be ex-Senator from Connecticut received via email on 11/17/09

Dear Mr. Swick:

Thank you for contacting me concerning the cost of government action to address our current economic crisis. I appreciate hearing from you on this important matter.
Years of fiscal recklessness coupled with a lack of regulatory oversight helped to contribute to the current economic crisis which has left millions of Americans struggling to keep their homes and their jobs.
Swick Speak:Mr. Dodd how long have you been in office and how long have your failed policies been in place?
To address this very serious downturn, Congress acted decisively to pass legislation to stabilize the financial system, as well as a substantial stimulus bill to help halt the further decline of our economy. These swift, aggressive actions have already succeeded in preventing a complete collapse of our financial system, as well as helped move our economy from the very brink of disaster. However, these actions must be followed by substantive reforms that will provide a new foundation for American prosperity in the 21st century, as well as diligent oversight to ensure that taxpayer funds are used appropriately.
Swick Speak: Mr. Dodd again what have these actions done other than increase the national debt? By controlling more of the economy how do you create any foundation for prosperity? By raising taxes and the debt to appease your liberal party?

Our current economic crisis has helped to further expose several weaknesses in the United States economy, including a broken health care system, dependence on foreign oil, and deteriorating infrastructure. In order to fundamentally strengthen our economy, we need to refocus our national priorities toward reinvesting here in the United States to the benefit of the American people. For example, it has been estimated that merely cutting one to two percent from our current health care costs-which represent an astronomical 16 percent of our total Gross Domestic Product-will generate billions in savings for the U.S. government and taxpayers.
Swick Speak: Mr. Dodd how many years have you been in office to accomplish all of this? You continue the lies of your party about health care reform which will do nothing economically for us other than increase taxes, ration health care and still afford you the best of health care since Congress refuses to join the poor and unhealthy health care system they are creating for the rest of the country. How many years have we had to become energy independent yet your party stonewalls any attempt to drill domestically , build new refineries and promote nuclear power?

Investing in our future will require significant investments in the near-term, as well as take time to truly work effectively. I understand that the magnitude of these issues invites spirited debate and disagreement from all sides as to how best to proceed. Please be assured that I will keep your views in mind as I continue to my work to end our current economic crisis and ensure an accelerated, full recovery.
Again, thank you for contacting me. If you would like to stay in touch with me on this or other issues of importance, please visit my website at and subscribe to receive my regular e-mail updates. Please do not hesitate to contact me in the future if I may be of assistance to you in any way.


United States Senator
CJD: jh

What is lost in this comical response is the total avoidance of any wrong doing. Dodd has been head of the Senate Banking Committee for how long? What about his sweetheart mortgage deal? His blessings of Fannie Mae and Freddie Mac when they were shown to be insolvent? And the list goes on and on, ad infinitum.
Enough of the rhetoric, 2010 is almost here and a new Senator will be elected in Connecticut.


David X said...

Bob, my sympathies for having such a lousy Senator.

Let's not forget the sweetheart loans he received for two of his homes, saving him about 70K through the Freddie/Countrywide connection. He then fought against any effort to reform Freddie and Fannie, which are now costing tax payers over 400 billion.

Now he blames regulators for being asleep at the switch and wants to prosecute lenders. What are we to think of the 70K bribe he received to look the other way as the whole sub-prime bubble grew ever larger? What was the powerful Senator, head of the Senate Finance Committee, doing while this was going on?

He should be shot for treason.

Bob Swick said...

The denial of the sweetheart loan bothers me the most of the Dodd debacle. Voters will vote him out of office next year.