3rd CD Debate
For those of you in Utah's 3rd Congressional District, KTKK-AM broadcast a debate this morning between the three candidates for the US House of Representatives. I will be quasi-live blogging the debate between Jim Noorlander, Jason Chaffetz and Bennion Spencer as I am expecting a delivery here at the house this morning. Jim and Jason are in the studio and Bennion called in to the program in order to allow Jim to be part of the debate.
Gentlemen - did any of you catch 60 minutes last night? Bennion since you are not in the studio I will start with you.
Bennion Spencer - talks about deregulation and how this is President Bush's fault. Says layoffs at FDIC were in part cause. No mention that the Democrats in Congress (more on that later) had oversight and neglected their duties. Pushing for oversight and regulation.
Mark Maxon - Jason let's move to you.
Jason Chaffetz - the claim that there was a lack of regulation is not true. The heart and soul of the story was how Wall Street skirted regulations. For the sake of the country I hope that this bail out works, the markets are telling us it won't and I said from the beginning that this was a flawed plan. Government needs to get out of the way.
Station break - back with more....and we are back.
MM - Jason you have another 40 seconds left
Chaffetz - we are over taxed and over regulated. We need responsible capital formation. I disagree with Mr. Spencer and his support of the bailout.
MM - How about you Jim?
Jim Noorlander - there is nothing worse than trying to solve a problem without understanding the problem. Government has given us 5 ways to cause a problem but nothing to fix it. We need to go back to the days of the Founders and the gold standard - there is no money only paper and if there is no confidence in the paper we have no money. America is supposed to be that shining city on the hill - we need to go back to the blue print of the Founding Fathers. The bailout was pure socialism. Both parties are morally bankrupt which is why I am running on a third party.
MM - Bennion - I believe there is an article that stated you were for the bail out is that correct?
Spencer - we needed to do something. China and Saudi Arabia were coming in to buy our banks. Their goals are not ours and we can not allow that to happen. We had to do something to prevent it.
Another station break.
Back
MM - lets go to Jim Noorlander with this question.
I missed Jim's answer as the phone rang.
MM - Jason...
JC - Social engineering got us into this mess. Both sides have plenty of blame in this mess believe me. We need to get back to our core conservative principles which is why I am running. Deficit of $9trillion came from both parties.
MM - Thank you Jason. Just a couple of things....
JN - Mark can I interrupt - the deficit is 120trillion. The only thing that will solve this is if we go back to the gold standard.
MM - why is that Jim?
JN - It's a paper game. If we go back to the gold standard we have real money.
MM - Bennion what do you think?
BS - I don't think that there is enough gold to make that workable. That is one reason why Richard Nixon pulled us out of the gold standard. This is not a Republican or Democrat or ideological problem it is a world problem.
JC - This goes back to the social engineering....
OK - I am falling way behind as this is a really spirited back and forth. We just cut to commerical and I will fill this part in as soon as the podcast (if there is one) is available.
MM - we're back - Jason I wanted to give you a chance to finish your thought.
JC - we are not at a panic point yet. While things are bad, there is some good left in the economy (low unemployment) let's not panic.
JN - I need to interject - I don't buy that there is not enough gold. We need to let the market define the value of gold and if that means it goes up to $30,000 an ounce so be it.
MM - Back to the swap Jason you saw the show last night. AIG can take these bad loans and change the name on them and claim to guarantee them even though they are not guaranteed. If we tried to do something like this wouldn't we be in a federal pen somewhere?
BS - I have to disagree with Jason - unemployment is not that low. People losing their jobs is not good. There is not enough oversight...
MM - Answer the question - wouldn't we be in a federal pen somewhere if we tried to do this?
BS - yes we would.
MM - Jason how about you....
JC - I would hope so....
Again I am getting behind so I am going to start paraphrasing....
MM - Should we hold people accountable?
JC - Oh yes.
JN - Yes
BS - Bush laid off all of the regulators...
Going to take callers soon. I am going to quit here and try to ask a question. Scratch that....second hour is going to be on immigration. I am going to end this post here and give the second hour it's own post.
Gentlemen - did any of you catch 60 minutes last night? Bennion since you are not in the studio I will start with you.
Bennion Spencer - talks about deregulation and how this is President Bush's fault. Says layoffs at FDIC were in part cause. No mention that the Democrats in Congress (more on that later) had oversight and neglected their duties. Pushing for oversight and regulation.
Mark Maxon - Jason let's move to you.
Jason Chaffetz - the claim that there was a lack of regulation is not true. The heart and soul of the story was how Wall Street skirted regulations. For the sake of the country I hope that this bail out works, the markets are telling us it won't and I said from the beginning that this was a flawed plan. Government needs to get out of the way.
Station break - back with more....and we are back.
MM - Jason you have another 40 seconds left
Chaffetz - we are over taxed and over regulated. We need responsible capital formation. I disagree with Mr. Spencer and his support of the bailout.
MM - How about you Jim?
Jim Noorlander - there is nothing worse than trying to solve a problem without understanding the problem. Government has given us 5 ways to cause a problem but nothing to fix it. We need to go back to the days of the Founders and the gold standard - there is no money only paper and if there is no confidence in the paper we have no money. America is supposed to be that shining city on the hill - we need to go back to the blue print of the Founding Fathers. The bailout was pure socialism. Both parties are morally bankrupt which is why I am running on a third party.
MM - Bennion - I believe there is an article that stated you were for the bail out is that correct?
Spencer - we needed to do something. China and Saudi Arabia were coming in to buy our banks. Their goals are not ours and we can not allow that to happen. We had to do something to prevent it.
Another station break.
Back
MM - lets go to Jim Noorlander with this question.
I missed Jim's answer as the phone rang.
MM - Jason...
JC - Social engineering got us into this mess. Both sides have plenty of blame in this mess believe me. We need to get back to our core conservative principles which is why I am running. Deficit of $9trillion came from both parties.
MM - Thank you Jason. Just a couple of things....
JN - Mark can I interrupt - the deficit is 120trillion. The only thing that will solve this is if we go back to the gold standard.
MM - why is that Jim?
JN - It's a paper game. If we go back to the gold standard we have real money.
MM - Bennion what do you think?
BS - I don't think that there is enough gold to make that workable. That is one reason why Richard Nixon pulled us out of the gold standard. This is not a Republican or Democrat or ideological problem it is a world problem.
JC - This goes back to the social engineering....
OK - I am falling way behind as this is a really spirited back and forth. We just cut to commerical and I will fill this part in as soon as the podcast (if there is one) is available.
MM - we're back - Jason I wanted to give you a chance to finish your thought.
JC - we are not at a panic point yet. While things are bad, there is some good left in the economy (low unemployment) let's not panic.
JN - I need to interject - I don't buy that there is not enough gold. We need to let the market define the value of gold and if that means it goes up to $30,000 an ounce so be it.
MM - Back to the swap Jason you saw the show last night. AIG can take these bad loans and change the name on them and claim to guarantee them even though they are not guaranteed. If we tried to do something like this wouldn't we be in a federal pen somewhere?
BS - I have to disagree with Jason - unemployment is not that low. People losing their jobs is not good. There is not enough oversight...
MM - Answer the question - wouldn't we be in a federal pen somewhere if we tried to do this?
BS - yes we would.
MM - Jason how about you....
JC - I would hope so....
Again I am getting behind so I am going to start paraphrasing....
MM - Should we hold people accountable?
JC - Oh yes.
JN - Yes
BS - Bush laid off all of the regulators...
Going to take callers soon. I am going to quit here and try to ask a question. Scratch that....second hour is going to be on immigration. I am going to end this post here and give the second hour it's own post.
Labels: Bennion Spencer, Jason Chaffetz, Jim Noorlander
posted by The Lady Logician at
10:09 AM
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