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Archive for Wednesday, October 8, 2008

Boyda, Jenkins continue duel over missed meetings

Mike Kautsch, moderator of the forum, introduces the candidates.

October 8, 2008

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— Republican congressional candidate Lynn Jenkins remains on the defensive about missing meetings of a state pensions board.

The issue of Jenkins' attendance has been raised by Democratic Rep. Nancy Boyda in their 2nd Congressional District race. Boyda made the remarks in a debate sponsored by The World Company at the Dole Institute of Politics.

Jenkins is state treasurer and automatically has a seat on the Kansas Public Employees Retirement System board of trustees. She missed meetings in July, August and September.

She and other Republicans say she's kept up on the system's business and that the missed meetings aren't a significant issue.

But Democrats note the nation's financial turmoil was causing the value of the system's assets to drop.

To reinforce their point, they posted a 36-second video of Jenkins' empty chair on YouTube.

Comments

BigDog 5 years, 10 months ago

I guess using her thought process .... if Congress was doing its job the economy wouldn't be in the toilet right now either ...hmmmmmmmmmm Congresswoman Boyda!

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jmadison 5 years, 10 months ago

It would seem that the state Treasurer would not have that many official meetings to attend. Another abysmal politician not doing their job.

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Richard Heckler 5 years, 10 months ago

Paulsen was responsible for being the watchdog on these matters. Kinda like having the fox in the chicken house. He failed his duties to america under the watchful eye of one the most frequent liars on the planet aka GW Bush."Free Lunch: How the Wealthiest Americans Enrich Themselves at Government Expense (And Stick You with the Bill)"http://www.democracynow.org/2008/1/18/free_lunch_how_the_wealthiest_americansFree market hard at work:European, Asian Markets Plunge as Recession Fears Spread WorldwideAs stock indexes plunge across Europe and Asia, Britain unveiled plans today to inject up to 50 billion pounds-close to $90 billion-into its biggest retail banks. Recent efforts to bolster world credit markets have failed to stem fears that the spreading financial crisis could lead to a global recession.Britain Launches $90B Bank BailoutMeanwhile, Britain has announced a $90 billion bailout of some of its biggest banks. The move amounts to a part-nationalization of Britain's banking sector. Spain says it's also planning a similar bailout for its banks.Market Decline Wipes Out $2T in Retirement SavingsMeanwhile, a congressional analysis says the stock market decline has led to the loss of about $2 trillion in Americans' retirement savings over the past fifteen months. The erasing of retirement savings could force many workers to retire later and cut back on personal spending. The losses amount to about 20 percent of overall retirement savings.Treasury to Begin Private Outsourcing of Wall Street BailoutMeanwhile, the Treasury Department is set to begin outsourcing the Wall Street bailout as early as this week. The Washington Post reports the government will invoke special authority to hire contractors and consultants without following standard procedures. Department officials say some of the same firms involved in the financial collapse may wind up helping steer the government bailout of their industry. According to the watchdog group Taxpayers for Common Sense, a similar use of private firms during the savings and loans crisis of the late 1980s led to "untrammeled payouts to the private sector and reprimands from Congress and the Government Accountability Office."

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Jingal 5 years, 10 months ago

So apparently KPERS had all their assets sitting in cash, then decided over the summer to invest in the US economy (e.g., the stock and bond markets)? And because Lynn Jenkins, one of nine trustees, wasn't there, crystal ball in hand, she failed to stop them?"Democrats note that the nations financial turmoil was causing the value of the system's assets to drop."Wow. Now there's a revelation worthy of the -World- Company's attention.Does anyone review this nonsense before they waste the ink to print it?Next headline: "Rain causes things to get wet". (Merrill blames GW Bush). YouTube at 11, featuring 37 seconds of drips, drops and puddles.

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