When You Google Chris Dodd…

When you google “Chris Dodd”, note the top sponsored link:

chrisdodd

(click to enlarge – I added the big red circle).

When you click on it, you get this petition from the Simmons campaign.

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25 responses to “When You Google Chris Dodd…

  1. Bruce Rubenstein

    This post is just a clever way to push Simmons. The petition that Heath spotlights is full of factual errors and is very misleading…such as…blaming Dodd for the recession, when in fact the recession was caused mostly by Bush and his cronies ( including Simmons) by over generous tax cuts to the rich ( sucking money out of the economy)and which Simmons voted for every time….spending almost a trillion dollars in a mis-represented war in which the american people were lied to..( which Simmons agreed with)…and lastly the failure of decent over-sight of the financial system…a position Simmons favored with his votes….Simmons in fact is more culpable for this recession then Dodd ever would be.

  2. maxidoodler

    Simmons in fact is more culpable for this recession then Dodd ever would be.

    yes, I agree with Bruce.

    a 3-term member of Congress who sat on the Armed Services Committee is “more culpable” than a 27 year incumbent and chairman on the Senate Banking Committee who oversaw/oversees our nation’s banking industry.

    thank you Bruce for cutting thru the partisan clutter and showing us THE TRUTH.

  3. Wow, no political campaign has ever bought a Google ad before. Savvy!

  4. This post is just a clever way to point out one tactic of one campaign and its hardly a push for much of anything, other than Google ads. (buy them here).

    As to Simmons and the recession, your comments are farcical.

  5. This post is just a clever way to push Simmons.

    Clever?

  6. Clever?

    In other front-page worthy news, Rob Simmons just bought some pencils at Staples.

  7. maxidoodler

    if it’s so easy and rudimentary, how come Dodd’s campaign hasn’t done it?

  8. Wow, no political campaign has ever bought a Google ad before. Savvy!

    Pointing out interesting google ads isn’t exactly unprecedented in the history of CTLP.

  9. Pointing out interesting google ads isn’t exactly unprecedented in the history of CTLP.

    Interesting?

  10. This post is just a clever way to push Simmons. The petition that Heath spotlights is full of factual errors and is very misleading…such as…blaming Dodd for the recession, when in fact the recession was caused mostly by Bush and his cronies ( including Simmons) by over generous tax cuts to the rich ( sucking money out of the economy)and which Simmons voted for every time….spending almost a trillion dollars in a mis-represented war in which the american people were lied to..( which Simmons agreed with)…and lastly the failure of decent over-sight of the financial system…a position Simmons favored with his votes….Simmons in fact is more culpable for this recession then Dodd ever would be.

    While Bush does share a healthy dose of the blame for the recession, it’s not for the reasons you state.

    First, the tax cuts for the rich (and all taxpayers, for that matter) did not cause the recession by “sucking the money out of the economy.” Since the government is not the only entity that spends money, the simple fact that the money wasn’t in the hands of the government means that it was still in the hands of the individuals and companies who would have otherwise paid it. So that money didn’t disappear. On the contrary, the money was spent, or invested. You could make the argument that lower taxes caused more economic activity in the private sector, both because there was more money floating around, and because people had more of an incentive to work harder to earn more money.

    The government did not curtail its spending after the tax cut, and as you point out, did ramp up spending for the war, among other things. This increased the national debt. However, the economy was able to absorb this: interest rates did not skyrocket. Furthermore, if you think that deficit spending leads to bad economies, then you must be frightened of Obama’s latest budget, which makes Bush’s budget deficits look small.

    As for the financial system, I think this is where you can make the case that Bush was the most culpable. Bush actively sought for the banks to lower their lending standards, and the Democrats fully supported this, albeit for somewhat different reasons. Bush wanted more homeowners. He wanted this because homeowners tend to vote more for Republicans than non-Homeowners. So Bush apparently felt that if we make it easy for someone to buy a home, they’ll become more Republican. (It was true that in every poll, homeowners did vote more for Republicans, but it wasn’t the title deed that made them this way). The Democrats had their own reasons for pushing more homeownership, especially for the poorer people. There was a full-scale push to get banks to loan more money.

    However, the problem was that this started pushing real estate prices up, and it reached absurd levels, like someone who was making $25,000 a year getting a $700,000 mortgage. The system couldn’t sustain itself forever, and like Herb Stein (Ben’s dad) said, when something is unsustainable, it’ll stop.

    Another problem was the whole “too big to fail” idea. In a functioning market economy, one firm going bankrupt shouldn’t bring down the whole system, but we had several banks that fit this bill. This crept up over decades: it wasn’t a new thing. Too big to fail is also more or less unique to the financial sector because of the interconnected relationships. Even when Enron failed, it didn’t bring down the entire energy sector the way Bear Stearns’ failure could have brought down the entire financial sector. If an industrial company goes bankrupt, the factory still goes and the court works out who gets paid what. If a bank goes bankrupt, that’s it. One problem is that you can’t force banks to be too small or they can’t compete worldwide against Deutsche, Paribas, HSBC, RBS, UBS, etc.

  11. Bruce Rubenstein

    a 3-term member of Congress who sat on the Armed Services Committee is “more culpable” than a 27 year incumbent and chairman on the Senate Banking Committee who oversaw/oversees our nation’s banking industry.

    Senator Dodd wasn’t chairing the banking committee when President Bush sold us a bunch of lies about the Iraq war.Dodd had the chairmanship of the Banking Committee just before the crash..but by then the republicans and their cronies ( Simmons) had just about destroyed the econony and financial system.

    In addition, the Republican led Senate and Republican led SEC was warned about Madoff…both decided to bury their head in the sand and as a result he was allowed to plunder America for almost a decade longer.

  12. Senator Dodd wasn’t chairing the banking committee when President Bush sold us a bunch of lies about the Iraq war.Dodd had the chairmanship of the Banking Committee just before the crash..but by then the republicans and their cronies ( Simmons) had just about destroyed the econony and financial system.

    First of all, Bush didn’t help the financial crisis by throwing his weight behind TARP, but look who was trying to put the brakes on the new home giveaways (the actual cause of our current crisis, not the bipartisan tax cuts signed into law by George W. Bush) and look who fought it vigorously: “We don’t have a crisis at Freddie Mac…”

    Correct me if I’m wrong, but didn’t Clinton and Bush and Pelosi and Kerry sell the lies, Bruce? C’mon. You should at least pretend to be objective.

  13. In other front-page worthy news, Rob Simmons just bought some pencils at Staples.

    Haha, beat me to it.

    a 3-term member of Congress who sat on the Armed Services Committee is “more culpable” than a 27 year incumbent and chairman on the Senate Banking Committee who oversaw/oversees our nation’s banking industry.

    Obviously the way these people vote on the issues before them doesn’t matter too much to you.

  14. It is interesting, because Rob Simmons has been buying A LOT of Google ads. I can’t fire up Gmail without seeing a JoinRobSimmons link.

  15. AndersonScooper

    Join Rob Simmons and his band of whack-a-doodle Tea Baggers in trying to halt the Obama agenda.

    Honestly, can someone tell me what the Simmons agenda is?

    All I’ve heard him do is attack, attack, attack….

  16. It is interesting, because Rob Simmons has been buying A LOT of Google ads. I can’t fire up Gmail without seeing a JoinRobSimmons link.

    Presumably, if he keeps buying the ads, they must be working. Either that, or they are the only thing he can afford. What’s Sam doing?

    Still, $500 isn’t that much to write home about. But the election is a long way off…

  17. Senator Dodd wasn’t chairing the banking committee when President Bush sold us a bunch of lies about the Iraq war.

    But he’s chairing it now.

    From Glenn Greenwald writing for Salon.com:

    Sen. Dick Durbin, on a local Chicago radio station this week, blurted out an obvious truth about Congress that, despite being blindingly obvious, is rarely spoken: “And the banks — hard to believe in a time when we’re facing a banking crisis that many of the banks created — are still the most powerful lobby on Capitol Hill. And they frankly own the place.”

    http://www.salon.com/opinion/greenwald/2009/04/30/ownership/index.html

    I wonder why Dodd (on April 2, 2009) voted against revealing the names of the banks that got $2 trillion dollars in Federal Reserve bailouts? And then there’s the other $8 trillion in Federal Reserve “guarantees” that he’s ignoring… hmmm… I wonder why?

  18. FWIW, Rs & Ds alike are complicit in screwing up the American economy. But Dodd is now in charge of banking policy.

    If he wanted, he could open a national dialogue on:

    1) Fiat money;
    2) Fractional reserve banking; and the
    3) Federal Reserve.

    But he’s not doing it. And Dodd is actively opposing transparency.

    Bush is gone. The problem now is Summers, Geithner, Bernanke, Dodd, Frank… and… due to his outsourcing of monetary policy to the wrong people… the President himself. Obama ran on judgment. I don’t see how hiring Geithner shows good judgment.

  19. connecticutian

    This post is just a clever way to push Simmons. The petition that Heath spotlights is full of factual errors and is very misleading…such as…blaming Dodd for the recession, when in fact the recession was caused mostly by Bush and his cronies ( including Simmons) by over generous tax cuts to the rich ( sucking money out of the economy)and which Simmons voted for every time….spending almost a trillion dollars in a mis-represented war in which the american people were lied to..( which Simmons agreed with)…and lastly the failure of decent over-sight of the financial system…a position Simmons favored with his votes….Simmons in fact is more culpable for this recession then Dodd ever would be.

    How many times do I have to say this, the Bush tax cuts DID NOT lead to the recession. The housing bubble, which Chris Dodd ignored (despite your essential claim he paid attention to it) as Senate Banking Committee Chair, is the SOLE cause for the recession. As for tax cuts sucking money out of the economy, are you kidding? Tax cuts allow people to spend more which in turn, HELPS the economy.

  20. I still like Obama. But when it comes to Wall Street, he’s wrong and should change course.

  21. Thanks for highlighting the Google Ad for Former Rep. Simmons as well as how Former Gov. Rowland’s ad had been highlighted here on CTLocalPolitics.

    It will be interesting to see if others follow up on your theme and find other ways in which Former Rep. Simmons is like Former Gov. Rowland.

  22. All I’ve heard him do is attack, attack, attack….

    As opposed to your strategery, Poopy?

  23. How many times do I have to say this, the Bush tax cuts DID NOT lead to the recession. The housing bubble, which Chris Dodd ignored (despite your essential claim he paid attention to it) as Senate Banking Committee Chair, is the SOLE cause for the recession. As for tax cuts sucking money out of the economy, are you kidding? Tax cuts allow people to spend more which in turn, HELPS the economy.

    I’m certainly no fan at all of Chris Dodd, but to say that he’s the sole cause of the recession is a bit much, don’t you think?

    Bush was definitely behind the low and no downpayment advocacy, as his speech of 6/17/02 indicates:

    And so here are some of the ways to address the issue. First, the single greatest barrier to first-time homeownership is a high downpayment. It is really hard for many, many low-income families to make the high downpayment. And so that’s why I propose and urge Congress to fully fund the American Dream Downpayment Fund. This will use money, taxpayers’ money to help a qualified low-income buyer make a downpayment, and that’s important.”

    […]

    A third major barrier is the complexity and difficulty of the home buying process. There’s a lot of fine print on these forms. And it bothers people; it makes them nervous. And so therefore, what Mel has agreed to do and Alphonso Jackson has agreed to do is to streamline the process, make the rules simpler, so everybody understands what they are – makes the closing much less complicated. We certainly don’t want there to be a fine print preventing people from owning their home. We can change the print, and we’ve got to.”

    So while Chris Dodd may have certainly pushed the wrong legislation, and while he may have been a lackey for the big banks, there’s no way you can say he was the man solely responsible for the housing crisis, which is where the root of this recession is.

    And it’s not just Bush and Dodd, of course. Alan Greenspan had a role. As did the mere existence of Freddie Mac, Fannie Mae and the FHLB. These agencies were implicitly backed by the government, meaning socialized losses but privatized profits.

    The fact of the matter is, this recession is not the responsibility of just one person or one law or one entitity. It came about from a confluence of factors and policy decisions.

  24. connecticutian

    I’m certainly no fan at all of Chris Dodd, but to say that he’s the sole cause of the recession is a bit much, don’t you think?

    I said the Housing Bubble was the sole cause for the recession, not Chris Dodd. What I said about Dodd was he ignored the Housing Bubble.

  25. George Colli

    Atleast locally, we saw the begin of the housing decline right around Hurricane Katrina. That was in September of 2005. It took another year for the media to start talking about it. Everything that we are dealing with now was from prior to that date. Very hard to blame Chris Dodd as Chairman of the Senate banking committee for this. Dems were still very much in the minority at that time.

    However, for those of you that do blame him – will you be willing to applaud him for the decisions he is making as Banking Chair if the housing decline is on the way back up come November 2010?

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