BUDGET & ECONOMY

As much as I'm not a big fan of taxpayers bailing out "Too Big to Fail" corporations, some of the federal stimulus spending signed by Presidents G. W. Bush and Obama were absolutely necessary in order to save our country from further economic hemorrhage and the potential of another Great Depression. However, the stimulus was created in a time of crisis with the result that funds were allocated to what I believe to be the wrong recipients.

In the couple of years leading up to the Great Recession, major banks committed widespread fraud by overwhelmingly accepting fraudulent applications for mortgage loans - most of the times with the help of their own brokers. Banks got bailed out and WE the People got sold out. The victims in this disaster are the taxpayers and the homeowners who were defrauded by these banks and their subprime mortgage schemes.

My opponent, Walters, supported NO on modifying bankruptcy rules to avoid mortgage foreclosures (Helping Families Save Their Homes Act; Bill HR1106&S896). Walters supported NO on monitoring TARP funds to ensure more mortgage relief (TARP Reform and Accountability Act; Bill H.R.384). Walters supported NO on regulating the subprime mortgage industry (Mortgage Reform and Anti-Predatory Lending Act; Bill HR3915). She obviously feels that taxpayers and homeowners under water should be given no relief for something they did not cause even though the banks, mostly culpable for this mess, are being relieved. Obviously, she isn’t working for WE the People. She is working for her Wall Street and Billionaire Class campaign contributors. See which industries are Walters' largest contributors here!

My opponent, Walters, supported YES on terminating the Home Affordable mortgage Program (The HAMP Termination Act; Bill H.839). Walters supported YES on restricting bankruptcy rules (Bankruptcy Abuse Prevention and Consumer Protection Act; Bill S 1920). Supporting these votes provide further evidence that she is not in Congress working for WE the People. She is working for her Wall Street and Billionaire Class campaign contributors. See which industries are Walters' largest contributors here!

Gasoline prices are at an all-time high during this election season. The G. W. Bush administration and some in Congress saw a possible solution to this crisis. There should be a Federal law against gas price gouging.

My opponent, Walters, supported NO on defining "energy emergency" on federal gas prices (Federal Price Gouging Prevention Act; Bill H R 6346). Once again, she is not standing up for WE the People. She is standing up for her special interest campaign contributors. She did not stand up for WE the People who are paying outrageous gas prices at the pump. Her NON-support allows oil companies to continue setting gas prices unchecked. The high cost of energy produces more opportunities to have price gouging and price manipulation. Everyone is shocked to learn that there is no Federal law against gas price gouging. Unscrupulous wholesalers, retailers and refiners operate without the Federal oversight to ensure prices are fair and justified. Her position against this bill was a vote against consumers and a vote for Big Oil.

In fact, Walters has done nothing for our district or our nation for that matter to help create more jobs; jobs that our communities, our state, and our country so badly need in this fragile stage of the Great Recession.

Walters’ Voting/Support Record:

  • NO on modifying bankruptcy rules to avoid mortgage foreclosures (Helping Families Save Their Homes Act; Bill HR1106&S896)
  • NO on monitoring TARP funds to ensure more mortgage relief (TARP Reform and Accountability Act; Bill H.R.384)
  • NO on regulating the subprime mortgage industry (Mortgage Reform and Anti-Predatory Lending Act; Bill HR3915)
  • YES on terminating the Home Affordable mortgage Program (The HAMP Termination Act; Bill H.839)
  • YES on restricting bankruptcy rules (Bankruptcy Abuse Prevention and Consumer Protection Act; Bill S 1920)
  • NO on defining "energy emergency" on federal gas prices (Federal Price Gouging Prevention Act; Bill H R 6346)
  • NOT standing up for WE the People

Varasteh’s Congressional Pledge:

  • Investigate the rampant financial fraud leading up to the Great Recession and bring those responsible to justice
  • Homeowners under water, that were defrauded by subprime lenders, should be able to stay in their homes through refinancing
  • WE the People must be able to monitor and investigate how the bailout money is/was being spent transparently
  • WE the People must regulate subprime loans 
  • WE the People must maintain our crucial infrastructure for commerce
  • Gas price gouging should be against the law
  • Reinstate and reform the Glass-Steagall Act
  • Reform or take back the Federal Reserve
  • Balance the budget and reduce the deficit, each and every year, once our economy stabilizes
  • Standing up for WE the People
  • Not for sale