RELEASE: Zack Space Sold Out Our District to Wall Street

Release:

"Zack Space should never have voted for the bailout. And certainly not twice," said Fred Dailey Republican candidate for Congress in eastern Ohio.

Estimates reported today, October 31st, show that as much as $70 billion will get paid out in bonuses to Wall Street executives this year. That amount equals 10% of the $700 billion bailout.

Zack Space sold us out and he took money from the very people he bailed out: Fannie Mae, Freddie Mac, Morgan Stanley, AIG, and Goldman Sachs or their lobbyists. In return, he sold us down the Ohio River.

Look at what these merchants of greed did with your tax dollars.

AIG sent salespeople on a lavish luxury retreat at the same time it was getting billions in government aid. The retreat at the St. Regis resort in Monarch Beach, Calif., cost AIG $440,000 and came right after it received an $85 billion line of credit.

Our area has been economically depressed for the last 30 years, since the steel companies left. No one bailed us out. No one came to help. We have suffered for 30 years and yet Zack Space forgot where he lives and gave billions to people who have never suffered in their life.

And did you hear? The nine major investment banks that we bailed out are handing out millions in dividends with the billions we gave them to make loans. What gives, Zack Space? What kind of financial stupidity did you vote for? We have been played for suckers. And Zack Space is the reason.

And this just out, one in five homeowners owe more to the bank than their homes are worth. They are underwater. Even if they sell their home, they can't pay off what they owe. They are now financial slaves, indentured for life to Wall Street.

Zack Space needs to be held accountable because he betrayed us in his greed for campaign contributions and his payback with his vote for the bailout.