October 15. 2010
Chris Brennan
Sestak and Toomey Pointing the Finger
It is a game of placing the blame in the Pennsylvania 2010 Senate Election. Both Pat Toomey and Joe Sestak are passing the blame on each other for the housing collapse resulting in the downfall of national economy. Will this be the beginning to an ugly campaign and debate? Can both Toomey and Sestak hold their composure after an attack by their opponent?
Realizing its crunch time until general election on November 2nd Toomey has come to campaign on Philadelphia. His speech mainly focused on putting down Frannie and Freddie Mac and Sestak saying that it is their fault for the housing problem. Frannie and Freddie Mac are two "government-sponsored enterprises… with the mission to increase the amount of money banks can lend to homebuyers” who was supposed to be a solution to reduce financial spenders. Toomey think ending relations with these agencies and conducting a study of in fact how they potentially affect the economy and banks. Toomey also blamed Sestak for being a sell-out to taxpayer who had a “liberal agenda” in mind.
Sestak responded to Toomey’s statement and accusations by indicating Toomey’s agreement of a legislation in support of the agencies Frannie and Freddie Mac. Sestak also pointed out that fact that Toomey had not make up his mind on the Wall Street Reform and Consumer Protection Act which would prevent new economic trouble from mortgages. Sestak’s spokesman’s talked about how Toomey only points the finger, never examining his own faults and short coming or realizing his dependence on Wall Street.
Toomey’s response was that the act should not necessarily be replaced but “significantly changed" because it does not address problems with Fannie Mae or Freddie Mac.
Will these new arguments against housing be an issue for Pennsylvania voters?
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