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Showing posts with label Lehman Bros.. Show all posts
Showing posts with label Lehman Bros.. Show all posts

Tuesday, September 16, 2008

Martin assails Chambliss over financial meltdown


Democratic Senate race candidate Jim Martin, talking to reporters at a press conference in downtown Atlanta, Sept, 16, 2008. (Dave Bender)

Jim Martin called a press conference to criticize Saxby Chabliss, and conservative economic policies.

Martin says Chambliss and other Republicans have ignored the conditions that led to Lehman Brothers’ closure on Monday, and the resulting 500-point stock market dive:

Martin came out against Chabliss, and federal financial policies in the wake of the closure of the Lehman Bros closure on Monday, and the resulting 500-point stock market dive:

“Saxby Chabliss has received 474,000 dollars from the financial interests for his campaign. He hasn’t been present to help with this.”
Martin says he wants increased regulation of the finance industry, and blamed the President George Bush, along with Chambliss, for the financial meltdown:
"This is just more of a fallout of the disastrous economic policies of the Bush Administration that Saxby Chambliss has supported the entire time he's been in the United States Senate."
Martin says that Republican proposals to lower gas prices ignore speculation in the oil futures market, and says he supports offering incentives to find alternative energy sources.

The Chambliss campaign accused Martin of using peoples misery and the economic turmoil to get headlines.

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