Toomey for Senate

Congressman Joe Sestak is so desperate to run away from his bailout record, he is not only using his dog in a campaign commercial, he is trying to say it wasn’t his fault!

Coming from Joe Sestak – who could not find a bailout he did not like – this latest desperate attack is outright laughable.

Not only did Pat oppose every single bailout, Pat was warning about the size of Fannie and Freddie back in 2000 as a freshman in Congress.  Additionally, Pat cosponsored legislation to impose more restrictions on Fannie and Freddie in 2000 and 2003, while Congressman Sestak voted against further restrictions on the government-sponsored mortgage giants.

Joe's bailout record:

- July 25, 2000: Pat Toomey warned about Fannie and Freddie growing too large (House Banking and Financial Services Committee Hearing, 07/25/00).

- July 27, 2000: Pat Toomey cosponsored legislation to rein in Fannie and Freddie (The Housing Finance Regulatory Improvement Act, HR 3703).

- June 24, 2003: Pat Toomey cosponsored legislation to impose new regulations on Fannie and Freddie (Secondary Mortgage Market Enterprises Regulatory Improvement Act, HR 2575).

- May 2007: Sestak voted against new regulations on Fannie Mae and Freddie Mac (RC #383, 05/17/07).

- July 23, 2008: Sestak voted to bail out Fannie Mae and Freddie Mac (RC #519, 07/23/08).

- October 3, 2008: Sestak voted to bail out Wall Street (RC #681, 10/03/08).

- October 2008: Sestak bought stock in Bank of America, one of the banks that received bailout money (Morning Call, 06/15/09).

- December 10, 2008: Sestak voted to bail out the auto companies (RC #690, 12/10/08).

- January 22, 2009: Sestak voted to release the second half of the Wall Street bailout money.  99 Democrats voted against a second Wall Street bailout (RC #27, 01/22/09).

- March 5, 2009: Sestak sponsored legislation to force taxpayers to bail out other people’s mortgages (The Home Ownership Vesting Plan of 2009, HR 1356).

- September 2009: Sestak opposed a bipartisan effort to end the Wall Street bailout (Press release, 09/26/09).

- October 15, 2010: Sestak ran an ad claiming the bailouts “made him sick.”