The Direct Result of the George Bush and John Sununu Economic Agenda

For Immediate Release
September 16, 2008

(Manchester, NH) - Yesterday's news that Lehman Brothers had gone bankrupt sent shock waves through the economy as the stock market tumbled, and this growing crisis is the direct result of George Bush's economic agenda that John Sununu has supported at every step. John Sununu has voted against cracking down on predatory lenders, supported the Bush policy of reckless deregulation, and he did nothing as the sub-prime mortgage crisis grew and began dragging down our entire economy.

"John Sununu used his position on the Senate Banking and Finance committees to push through George Bush's reckless economic agenda, and now we're all paying the price," said Alex Reese, press secretary for the NHDP's Coordinated Campaign. "Just today, Sununu hosted a conference call to brag about his record in Washington -- even while AIG announced they'll likely file for bankruptcy, unemployment continues rising, and our entire economy falters. We can't afford six more years of John Sununu's 'successes.' We need a new direction, and that means we need a new senator."

John Sununu has voted in lockstep with the Bush economic agenda that has gotten us where we are today.

• Sununu Protected Predatory Lending Practices. John Sununu voted against a proposal to crack down on high-cost lenders that violate the Truth in Lending Act. [Senate Vote #22, 3/3/05]
• Sununu Voted Against Foreclosure Relief Proposal That Would Have Prevented an Estimated 1,856 Foreclosures in NH, Saved $51 Million in Property Values. [Senate Vote #35, 2/28/08; Center for Responsible Lending, 2/28/08]
• Sununu Voted Against Proposal for Mortgage Relief for Victims of Foreclosure and Tax Breaks to First-Time Home Buyers. [Senate Vote # 157, 6/25/08]
• Sununu Voted Against Proposal to Tackle the Mortgage Crisis and Provide Relief to Struggling Homeowners. [Senate Vote #185, 7/25/08]