Democrat Kyrsten Sinema boasts of backing from corrupt politician who helped bring down Arizona housing market
Democrat Kyrsten Sinema, the criminal defense lawyer running for a Congressional seat in Arizona’s Ninth Congressional District, is touting her endorsement from a Far-Left lawmaker who was at the heart of the financial crisis that brought Arizona homeowners to their knees and destroyed the state’s economy.
Sinema was touting late last week a fundraising letter from Barney Frank, the disgraced Congressional Democrat who retired this year rather than face a tough re-election he would have likely lost. In the October 9 letter, Frank said, in part:
My friend Kyrsten Sinema will face her biggest decision this Friday and how much money she raises today will determine the size of her [advertising] buy.
Can you help Kyrsten Sinema so she can stay on the air and fight back? Kyrsten needs you today.
Thank you for all that you do! Together, we can help Kyrsten Sinema win.
On to November,
While most candidates would hide support from Barney Frank, that letter was found on Sinema’s own website!
So who is Barney Frank? Called a “subprime enabler” in the “government-mandated housing bubble” by Forbes magazine, and “Fannie Mae’s Patron Saint” by the Wall St. Journal, Frank is the man who for 20 years protected Fannie Mae and Freddie Mac from reform, while pocketing campaign money from its lobbyists. He even helped his then-partner get a job at Fannie Mae.
The results of his protection include the taxpayer bailouts of Fannie Mae and Freddie Mac, which have directly cost the taxpayers $140 BILLION, according to a liberal media site—many say the amount is actually far higher. But the real cost of letting Fannie and Freddie run wild has been felt across Arizona, in foreclosures, closed businesses, high unemployment and a devastated construction sector. Thanks Barney. No wonder they say Kyrsten is extreme.
But what did Frank say when the Bush Administration tried to reform Fannie and Freddie in 2003, several years BEFORE the crash? As the NY Times quoted him:
“These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis.” said Representative Barney Frank of Massachusetts, the ranking Democrat on the Financial Services Committee. “The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing.”
Oops. A few years later, Frank was proven wrong, but the price was paid by Arizonans and other Americans. Franks, then safe in a gerrymandered Massachusetts Congressional seat, kept fighting reform! His “Dodd-Frank” financial reform law, incredibly, enshrined the biggest banks as too big to fail (and thus guaranteed future bailouts) and did not even address Fannie or Freddie. They remain unreformed today.
Sure he helped destroy Arizona’s economy. But he can help Sinema raise money for her negative ads from Far-Left out-of-state activists. So rather than give Frank the scorn he deserves, she ties herself to him in a shameless fundraising pitch.
She’s hoping you won’t notice. Remember that when you vote, and send Sinema and Frank a message they will never forget: Vote Vernon Parker for Congress TODAY, for jobs and economic growth.
You can reach the writer via Twitter. He’s a former GOP staffer who has been following Arizona politics for 20 years.
Rogers Vows to Fight for Homeowners: 5-Point Plan to be Released
(Tempe, AZ) The Associated Press recently reported that Arizona overtook Nevada as the Number 1 state for home foreclosures. Nevada had held the record for 62 months in a row.
According to the report, nearly 3,600 homes were repossessed in March 2012. Also, more than 5,900 families received notices of default – the first step toward foreclosure.
“While overall foreclosure numbers are down, too many Arizonans are still losing their homes. Every day in my home inspection business across four Arizona counties, my inspectors see the impact of foreclosures on families. It’s maddening. The Obama Administration stifles job growth, thus in effect, evicts Arizonans from their homes,” said Rogers. “These numbers are a clear example of the Obama Administration’s casual disregard for Arizona,” she continued. “In the coming weeks, I will introduce a 5-point plan to address the housing crisis and propose actual solutions to the problem.”
Lt. Col. Wendy Rogers is a 20-year active-duty veteran of the United States Air Force and was one of the nation’s first female Air Force pilots. She has owned a 10-employee home inspection business for the past 15 years in District 9. The new 9th Congressional District is comprised of Tempe, and parts of Phoenix, Scottsdale, Mesa and Chandler.
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Congressman David Schweikert recently appeared on CNBC’s Kudlow to discuss Obama’s housing plan and the bypass of Congress.
FOR IMMEDIATE RELEASE: September 16, 2011
CONTACT: Rachel Semmel
Scottsdale, Ariz. – Congressman David Schweikert will host an event next month to assist homeowners with foreclosure and home ownership issues and concerns. This event is in partnership with the Arizona Foreclosure Prevention Task Force.
Constituents in Arizona’s 5th District are invited to come and speak to Rep. Schweikert, discuss loan modifications issues, and find other reliable home ownership resources. Lenders such as Wells Fargo, Chase, GMAC, Bank of America, and PNC will also be present to address constituent concerns. Counseling will be on a first-come, first-served basis. A copy of the event invitation is attached.
HELP FOR HOMEOWNERS EVENT:
When: Saturday, October 15, 2011
Time: 8:00 – 11:30 a.m.
Where: Granite Reef Senior Center
1700 N. Granite Reed Road, Scottsdale, 85257 (map)
FOR IMMEDIATE RELEASE: May 26, 2011
CONTACT: Paul Boyer
Several state Representatives will be working on Friday, May 27 in downtown Chandler from 8:00am to 2:30pm on a home renovation project with Habitat for Humanity Central Arizona.
Representatives Eddie Farnsworth, Tom Forese, J.D. Mesnard, Steve Montenegro, Terri Proud, Amanda Reeve, David Stevens will all be in attendance to help renovate the foreclosed home.
“Habitat is a wonderful organization that instills the pride of home ownership through the personal responsibility and sweat equity each future homeowner must provide in order to move in,” Representative J.D. Mesnard said. “I’m thrilled about helping this couple renovate their future home and pleased to see the city of Chandler partnering with Habitat to serve our residents through these projects.”
To qualify, future Habitat homeowners must earn 30 to 60 percent of the area median income; take classes on financial fitness and home maintenance since many are first time homeowners. They must work 100 construction hours on a renovated home known as “sweat equity” prior to moving in. They receive a 0 percent interest mortgage paid to Habitat which goes into a fund that allows them to purchase more land along with the “sticks and bricks” to build/renovate even further.