FACT CHECK: Mourdock’s TEA Party Friend Joins Attack on Joe Donnelly

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Indianapolis, Ind.--Today, Joe Donnelly’s campaign responded to the latest attack ad from Richard Mourdock’s TEA Party Washington friend, Senator Jim DeMint.

“TEA Party Leader Senator DeMint spent hundreds of thousands of dollars attacking Senator Lugar, and now he’s spending hundreds of thousands of dollars attacking Joe Donnelly,” said Elizabeth Shappell, communications director.  “What’s clear is that Richard Mourdock’s Washington TEA Party friends are coming to his aid at the same time he’s trying to rewrite his ‘my way or the highway’ record.  Richard Mourdock stands for more partisanship and more gridlock.  That will only lead to more debt, more taxes, and fewer jobs.  Nothing will get done.”

Senator DeMint gave hundreds of thousands of dollars to the Club for Growth to use promoting Richard Mourdock in Indiana’s Republican Primary Election, fueling the attacks on Sen. Lugar. Senator DeMint also spent thousands against now-Indiana Senator Dan Coats in his campaign in 2010.


The Truth

Animated Donnelly: Bailouts! Bailouts!  Get your red hot bailouts!

V/O: Congressman Joe Donnelly voted to bail out the car companies.
Mourdock Allied With Tea Party In Pursuing Chrysler Lawsuit That Would Have Eliminated More Than 4,000 High-Paying Indiana Jobs. In 2009, Mourdock brought a lawsuit that challenged Chrysler’s bankruptcy restructuring, risking more than 4,000 high-paying Indiana jobs. Reported the Kokomo Tribune, “Allied with the Tea Party, Mourdock had fought tooth and nail to kill Chrysler's bankruptcy reorganization, preferring to see the company -- and more than 4,000 high-paying Kokomo jobs -- liquidated.” [Kokomo Tribune, 11/20/10]

Center For Automotive Research Study Found That Slowing Bankruptcy Settlement Could Endanger More Than 1 Million U.S. Jobs, Including More Than 100,000 In Indiana. Reported the Fort Wayne Journal Gazette, “More than 1 million U.S. jobs - and more than 100,000 in Indiana - are riding on whether the bankruptcies of Chrysler LLC and General Motors Corp. are quick and orderly, according to a prominent research center's study. . . . The jobs study, by the Center for Automotive Research in Ann Arbor, Mich., says that almost 250,000 U.S. jobs will be lost by 2011 if the Chrysler and GM bankruptcies go smoothly. It said Michigan, Ohio and Indiana, respectively, will be hardest hit, with 85,000 losses. But if the bankruptcies are protracted, consumers will desert the carmakers, creating massive disruptions in the supply chain and huge job losses, the study said. In Indiana, 13,000 jobs would be lost by 2011 under the best- case scenario. But if the bankruptcies become open-ended, 124,000 Hoosier jobs could be lost, the study said.” [Fort Wayne Journal Gazette, 6/9/09]
But that’s just the beginning.  Donnelly voted to bail out the big Wall Street banks.  And Fannie Mae and Freddie Mac.  And it’s all with our tax dollars. Joe Donnelly Backed Creating Commission to Try and Prevent Another Financial Meltdown. In 2009, Donnelly voted in favor of creating a bipartisan commission to try and prevent another financial meltdown. The independent commission would examine the causes that led to the financial crisis and provide the resources necessary to help prevent it from happening again. [CQ Floor Votes, 5/18/09]

Joe Donnelly Supported Shareholder Say on Executive Pay Bill. In 2009, Donnelly voted in favor of the Corporate and Financial Institution Compensation Fairness Act that gave shareholders a say on the pay of corporate executives. It did this by giving them a nonbinding vote on executive compensation plans and allowing federal regulators to restrict incentive-based compensation practices deemed to threaten the health of larger financial institutions.  [CQ Today, 7/31/09]
Joe Donnelly Supported TARP Reform and Accountability Act. In 2009, Donnelly voted in favor of placing new strict requirements on banks and other financial institutions that accept government assistance under the Treasury Department’s $700 billion financial rescue program. The House measure included requiring recipients of government money to prove they are using the money to increase lending to consumers and small businesses, limit the ability to use the money to finance mergers, and bar them from paying bonuses to top executives until the money is repaid.  The reform also allowed for funds to be used to assist the domestic auto industry. [The Washington Post, 1/22/09]
Animated Donnelly: That’s why they call me “Bailout Joe.”

V/O: Donnelly will give anyone a bailout.  Except Us.
Didn’t Richard Mourdock try to give Joe a nickname already?



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