Archive for Wednesday, September 26, 2012

Schlingensiepen criticizes Jenkins for taking money from banks and voting against regulations

September 26, 2012


— Tobias Schlingensiepen, the Democratic candidate for the 2nd Congressional District, on Wednesday accused incumbent U.S. Rep. Lynn Jenkins, R-Topeka, of taking money from big business interests and doing their bidding. Jenkins' campaign said Schlingensiepen was "playing politics."

At a news conference, Schlingensiepen, a Topeka pastor, said, "Congresswoman Jenkins has taken hundreds of thousands of dollars from banks and insurance companies, and she has repeatedly voted against the 2nd District, and for the interests of these wealthy corporations."

As an example, Schlingensiepen said Jenkins voted against the Dodd-Frank Wall Street Reform and Consumer Protection Act, which was signed into law by President Barack Obama in 2010.

Supporters of the law say it gives the government the necessary tools to avoid future bailouts and prevent banks and other financial companies from cheating consumers on mortgages, credit cards and other products.

Many Republicans oppose the law. This summer, Jenkins called it a "regulatory nightmare" that has "slowed the credit lifeline that is vital to the creation and survival of american small businesses."

Schlingensiepen's campaign said Jenkins had received $610,000 from the financial industry since being in Congress since 2009. "At the same time Congresswoman Jenkins was sitting on a committee that was supposed to protect us from another economic disaster, she was taking huge donations from the industry she was charged with regulating," he said.

Bill Roe, who is Jenkins' campaign manager, said of Schlingensiepen's statement, "While the figure he cites as having been contributed from the financial services industry is a fabrication, the vast majority of support Congresswoman Jenkins did receive from the financial industry is from folks working for credit unions and community banks across Eastern Kansas who are also entitled to a voice."

According to the Center for Responsive Politics, Jenkins' top five contributors by industry are health professionals, oil and gas, insurance, real estate and accountants.

Schlingensiepen also criticized Jenkins for voting against legislation that supporters said was aimed at restricting bonuses to executives of bailed-out banks, and imposing a surtax on executive bonuses paid with taxpayer money. Roe said Jenkins voted against those measures "for exactly the same reason she opposes bailouts. She believes that the federal government has no business bailing out failing companies or telling any private sector employer how much they can pay and who they can pay it to."

Meanwhile, the Kansas Republican Party circulated a video of Schlingensiepen speaking in July about his education background and degree from Kansas University. "So, I'm now officially branded as an elitist by the opposition. I actually have an education," he says in the video. The clip then abruptly ends.

"Mr. Schlingensiepen owes a heartfelt apology to the 65 percent of Second District Kansans of voting age who do not have a college degree," said Kansas Republican Chairwoman Amanda Adkins.

Schlingensiepen said of Adkins' comments, "I find that typical of the kind of spin and anti-intellectualism that seems to be out there."

Jenkins and Schlingensiepen face-off in the Nov. 6 general election. Libertarian Dennis Hawver of Ozawkie is also running.


DSilver 5 years, 2 months ago

Let's clarify what the Center for Responsive Politics actually reported. On it's website, the Center reported that Congresswoman Jenkins has received: $225,002 from the Insurance Industry + $165,477 from Commercial Banks + $118,800 from the Securities & Investments Industry + $109,150 from Finance/Credit Companies. All of this = $618,429 from the financial industry. Congresswoman Jenkins has repeatedly voted for the industry and AGAINST the interests of the 2nd District. Her donors include a Who's Who of Wall Street. With $6.6 billion in revenue in a single quarter and offices in 30 countries, Goldman Sachs isn't a small-town Kansas bank. Goldman Sachs is a frequent donor to Congresswoman Jenkins' campaign war chest.

Other contributors are Citigroup, Bank of America, America Express, The Bank of New York Mellon, Capitol One Financial, JP Morgan Chase, Morgan Stanley, US Bancorp, Wells Fargo and Co., Credit Suisse USA, Mastercard and VISA. Her donors include CME Group, which owns the Dow Jones stock and financial indexes and is the world's largest derivatives exchange operator.

If you want to slice up Congresswoman Jenkins numbers another way, you can also note that the Center for Responsive Politics reports that she has taken in more than $1 million from the finance, insurance and real estate sector of the economy.

Diane Silver - Communications Director

mycatsrightorwrong 5 years, 2 months ago

"Mr. Schlingensiepen owes a heartfelt apology to the 65 percent of Second District Kansans of voting age who do not have a college degree," said Kansas Republican Chairwoman Amanda Adkins.

My God, the GOP is really cynical about the electorate's intelligence if they're framing his comment as an attack on the uneducated. Oh wait, we elected Lynn "I'm a CPA" Jenkins, so maybe they're right.

Jim Williamson 5 years, 2 months ago

Educated people bad.

Educated people who scare uneducated people about educated people good.

Rinse. Repeat.

Richard Heckler 5 years, 2 months ago

Neither republicans nor democrats can afford to vote for Lynn Jenkins. She took no steps to stop the Bush/Cheney home loan fraud scheme that was taking place right under her nose. What was she thinking?

Catalano 5 years, 2 months ago

"What was she thinking?"

That would imply that Lynn actually thinks. Goodness knows her choice of men is proof enough that she doesn't.

somedude20 5 years, 2 months ago

It is so foreign to me that many of the biggest states that suck down all forms of welfare are the ones that most often vote Republican (and are the poorest states). Mississippi, Alabama, West Virginia, Louisiana, Tennessee, and Arkansas, to name a few, are sucking down all of those dollars but in the same breath, will say they don't support welfare and hate the Dems because of it. Many of the people who live in those states only have a high school diploma (though there are quite a number who do not even have that) and there is a strong correlation between being grossly uneducated and being poor. The more you know, the more you can do means the more value you hold so when I read spit like this: "Mr. Schlingensiepen owes a heartfelt apology to the 65 percent of Second District Kansans of voting age who do not have a college degree," it makes me think that the R's love uneducated people just because they are easier to manipulate. My advice is to educate yourself as much as you can so you can think for yourself and not believe the bullspit hype that you feed off of every mothering day!

Richard Heckler 5 years, 2 months ago

No one can afford to support this party that calls itself republican.

In 1980 the republican party began to dismantle the economy and UN-employ as many blue and white collar workers as possible. For 12 years the republicans worked on this destructive project which came to a temporary slow down at the end of Bush/Quale.

During the above period the Savings and Loan home loan fraud scheme surfaced and the economy went straight to hell, jobs by the millions disappeared,Reagan/Bush began the never ending war for oil and teamed up with Iran to break international law which brought us a Reagan/Bush Iran-Contra weapons smuggling operation. Talk about colorful and criminal.

The icing on the cake was Reaganomics laissez faire government backed by reckless republican deregulation of just about everything.The white collar crooks went wild beyond belief.

Richard Heckler 5 years, 2 months ago

Neither Republican nor Democrat Middleclass Can Afford the Republican Party

Is the market value of your home worth less than your mortgage? How much market value have home owners lost since 2007? Substantial losses.

Let's talk about those entitlements that have literally destroyed jobs,economies and retirement plans. And made owning a home a risky investment - now that is remarkable.

DC republicans have been successful at wrecking our economy big time twice in the past thirty years. Because of the pattern I am convinced it is their economic policy established under the direction of Reagan/Bush.

Bush/Cheney have accomplished a remarkable achievement by destroying the world economy which of course makes it difficult for the USA to bounce back quickly. The question becomes how in the world did they sucker financial institutions worldwide into buying bundles upon bundles upon bundles of bad USA home loans worth trillions of dollars in bad debt?

What an incredible and criminally insane economic policy? I don't believe the entire world can afford the economically reckless republican party that was born in 1980.

Let's talk about those entitlements that have literally destroyed jobs,economies,retirement plans. And made owning a home a risky investment - now that is remarkable.

This ENTITLEMENT - Bailing out The Reagan/Bush Savings and Loan Heist aka home loan scandal sent the economy out the window costing taxpayers many many $$ trillions (Cost taxpayers $1.4 trillion), Plus millions of jobs, loss of retirement plans and loss of medical insurance.

This ENTITLEMENT Bailing out the Bush/Cheney Home Loan Wall Street Bank Fraud cost consumers $ trillions, millions of jobs, loss of retirement plans and loss of medical insurance. Exactly like the Reagan/Bush home loan scam. Wow a repeat performance. Certainly seems to be a well established pattern.

This ENTITLEMENT - Bush/Cheney implied many financial institutions were at risk instead of only 3? One of the biggest lies perpetrated to American citizens. Where did this money go? Why were some banks forced to take bail out money?

Is the market value of your home worth less than your mortgage? How much market value have home owners lost since 2007? The losses have been significant.

geekin_topekan 5 years, 2 months ago

You can rearrange his name to read--Nice English Pens.

Richard Heckler 5 years, 2 months ago

Remember Lynn Jenkins does not think for herself. She is ordered to vote party line or else get replaced by her own party, She'll be worshipping Mitt Romney instead of what is best for the USA.

Ronald Reagan went around the country asking "Are you better off today than 4 years ago? Then he put millions out of work,out of their homes,out of medical insurance and blew a few million retirement plans.

Then Bush/Cheney did it again. How in the world do politicians get away with this?

How many republicans and democrats can afford another hit on real estate values or lose another job if one has been lucky enough to become employed once again?

Can anyone on the planet afford this gang of republican repeat offenders?

Richard Heckler 5 years, 2 months ago

Lynn Jenkins can expect to receive direction from the back door executives.

Romney will bring back former BUSHCO folks for another shot at our banks,retirement plans and homes. . These BUSHCO people do not give up their agendas. They control the white house from behind the scene.

A perfect example.

As Grover Norquist argues, “We are not auditioning for fearless leader…. We just need a president to sign this stuff.”

The “stuff” they would pass—already endorsed by Romney—includes repeal of the modest reforms enacted to police corporations after the Enron scandal and banks after the financial collapse; repeal of healthcare reform, stripping some 30 million people of coverage; budget cuts that would gut almost all domestic functions of the government, from education to child nutrition to safeguarding clean air and water; and an end to Medicare and Medicaid as we know them.

These draconian measures would be used to pay for increases in military spending and tax cuts for corporations and the wealthy. Under the Romney plan, those making over $1 million a year would receive an average tax break of $250,000. A Romney victory would buoy a Republican right eager to roll back social progress, constrict voting rights and exacerbate racial divides in an era of middle-class decline.

The offensive against labor and workers’ rights would escalate. And Romney’s bellicose foreign policy would make George W. Bush look dovish. If Romney wins, we will spend four years fighting to limit the damage he will inflict on the nation.

Michael LoBurgio 5 years, 2 months ago

jenkins voted yes on this bill to end medicare and medcaid as we know it, twice.

This analysis shows the immediate and long-term impacts of these changes in the 2nd Congressional District in Kansas, which is represented by Rep. Lynn Jenkins.

The Republican proposal would have adverse impacts on seniors and disabled individuals in the district who are currently enrolled in Medicare. It would: • Increase prescription drug costs for 9,300 Medicare beneficiaries in the district who enter the Part D donut hole, forcing them to pay an extra $92 million for drugs over the next decade. • Eliminate new preventive care benefits for 111,000 Medicare beneficiaries in the district.

The Republican proposal would have even greater impacts on individuals in the district age 54 and younger who are not currently enrolled in Medicare. It would:

Richard Heckler 5 years, 2 months ago

Romney/Ryan/AnthonyBrown/Jenkins claim to dislike government yet they spend their lives on government tax dollar payrolls.

That is evidence that big government is not the evil critter that they portray. Why are they lying ?

Trumbull 5 years, 2 months ago

I remember Jenkins labeling others as Socialists one day, and then lobbying for stimulus money the next.

bd 5 years, 2 months ago

Schlingensiepen sounds like something that should be served with sour kraut!

Tea anyone?

yourworstnightmare 5 years, 2 months ago

Jenkins is an embarrassment to all in Lawrence and the 2nd district.

She is a lightweight mouthpiece for the tea party leadership in Congress. Her goal is to do as told and enjoy the perks of being a congressperson.

Keep at her, Tobias.

drake 5 years, 2 months ago

Actually you have that wrong. Lawrence is the embarrassment to the 2nd district but someone has to take you jackwagons. Don't worry Lynn will shoulder that burden for another term.

headdoctor 5 years, 2 months ago

"Lawrence, 28.7 square miles of sanity surrounded by Kansas".

tomatogrower 5 years, 2 months ago

Wow, why don't the banks stop spending money to buy politicians and start loaning money to small businesses? What a concept!! A bank that loans money.

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