OH-16: Schuring on Wrong Side of Economic Crisis

Blocked predatory lending crackdown, wants more giveaways to Wall Street

A devastating week for the U.S. financial sector has underscored the danger of congressional candidate Kirk Schuring’s economic policies for working families in the 16th Congressional District and across America.

Democratic candidate John Boccieri said today:

"Kirk Schuring's economic philosophy is as bankrupt as Lehman Brothers. He is not offering the change that middle class families need to bounce back from this economic crisis."

Schuring is staking his campaign on the same failed policies that caused the crisis by constantly siding with Wall Street over Main Street. His policy stances will actually worsen the impact of economic instability for middle class families.

FACT: Schuring blocked crackdowns on predatory lenders in the state legislature. In 2001, he helped push through a sham reform bill supported by predatory lenders in order to prevent Ohio's local communities from regulating out-of-control predatory mortgage loans. [HB 386; "Home Security," The Columbus Dispatch, 9/21/05]

FACT: Schuring’s top economic priority is giving more tax breaks to the Wall Street firms that created this financial mess. Corporate tax giveaways are the very first item in Schuring’s “jobs plan” – but he has not proposed a single tax cut directed at the middle class. [www.schuringforcongress.com/issues, accessed 9/24/08]

FACT: Schuring's response to the crisis focuses only on helping Wall Street. In an interview on WHBC this morning, Schuring did not once call for direct assistance to the innocent homeowners at the heart of this crisis.

FACT: While Schuring claims to oppose out-of-control spending in Washington, he insists on an open-ended commitment to spending $5,000 per second in Iraq, which has already led to the largest budget deficit in American history, forced the government to borrow billions from nations like China, and left us with limited resources to stabilize our struggling economy. [“16th District Notebook,” The Canton Repository, 9/21/08]

FACT: Schuring has said “I think everything should be on the table” when it comes to Social Security. [“Kirk Schuring on Social Security/Medicare,” accessed 9/24/08] Schuring's Republican allies in Washington have been trying for years to turn Social Security over to Wall Street, and Schuring’s stunningly anti-senior record in the state legislature makes clear that he can’t be trusted to look out for older Americans in Congress. ["Boccieri Calls for Protecting Social Security on 73rd Anniversary"]

Let the facts speak for themselves; Kirk Schuring's policy positions are not what the working families of Ohio's 16th Congressional District need in the United States Congress.