Saturday, July 04, 2009

Mike Arcuri Helps The Rich, Votes Against The Rest

Congressman Mike Arcuri talks a lot about working to help ordinary working people in our district, but talk is easy. What's the truth about the Arcuri record? The sad truth about Representative Arcuri's true priorities is shown in terms of how he dealt with two different pieces of economic legislation.

The first piece of legislation helps everyday homeowners who work for a living. H.R. 1106, The Helping Families Save Their Homes Act, has been passed by the House, but not yet by the Senate. The bill, if it becomes law, will allow bankruptcy judges to work to restructure mortgage payments so that banks can continue to get money, and people can continue to stay in their homes. The fact is that rich people have had the power to make these very arrangements for mortgages on their vacation homes, and debts on their yachts, but ordinary working Americans aren't allowed the same opportunity.

Michael Arcuri voted against the Helping Families Save Their Homes Act. Arcuri told middle class homeowners that, in the middle of a deepening economic recession, he won't give them any help.

Congressman Arcuri has a very different standard for the wealthy. A few weeks ago, Arcuri himself wrote a bill to help out wealthy investors. H. R. 2798, the Support Investment Protection for Customers Reform Act of 2009, authorizes the government to provide an extra one and a half billion dollars to wealthy investors through the Securities Investor Protection Corporation.

If you're a rich investor who's lost a some money because of the recession, Congressman Arcuri will not only cosponsor a bill for you and vote for it, he'll actually write the legislation to serve your needs. If you're an average working homeowner hit by hard economic times, Michael Arcuri won't write the bill to help you out. He won't cosponsors a bill to help you out. He won't even cast a vote for you.

Why should the homeowners of New York's 24th congressional district support the re-election of Congressman Arcuri in 2010, when he won't support them?

1 comment:

K_Yew said...

An in-depth analysis of Arcuri's proposed bill, HR 2798, is here:

I call it the Madoff Bailout Bill.