Part of the Bay Area News Group

CD11: Friday jib-jab madness

By Lisa Vorderbrueggen
Friday, October 29th, 2010 at 7:35 pm in 2010 election, congressional district 11.

Harmer

Harmer

McNerney

McNerney

As the Congressional District 11 candidates launch themselves into the final weekend before Election Day, the spin cycle spit out a few interesting jib-jabs.

HYPOCRISY, ANYONE? The campaign of Democratic Rep. Jerry McNerney blasted a press release about how GOP nominee David Harmer received a $5,000 contribution from JP Morgan Chase PAC on Oct. 22.

And then the Dems continued to beat the false drum about how Harmer took federal bailout money from JP Morgan Chase.  I’ve said it before and I’ll say it again: It’s nonsense. Harmer was an attorney in the credit card division in Pleasanton when JP Morgan Chase bought his employer, Washington Mutual.

WaMu went broke because it made bad home loans; it had nothing to do with the credit card division.  Four months later, Harmer was laid off along with everyone else in WaMu’s old credit card division. He received a severance package and a performance bonus worth about $160,000; he worked for JP Morgan Chase about four months.

There is no evidence that JP Morgan Chase needed or used the $25 billion in federal bailout money it received to either buy Washington Mutual or pay Harmer’s package. JP Morgan was not in financial trouble but the federal government demanded the nation’s top dozen or so banks accept the money in order to maintain public confidence in the American banking system. JP Morgan paid back the full loan with interest on the first day it was allowed to do so.

Yes, as a Republican who wants to cut regulations, Harmer is far more likely to take positions and cast votes that will meet with the approval of the financial industry. If this concerns you, vote for McNerney.

But it’s a hit fraught with peril for McNerney, who recently told Harmer, “People who live in glass houses shouldn’t throw rocks.”

After all, the congressman voted for the bail-out and Opensecret.org shows that McNerney has accepted nearly $25,000 in contributions this campaign from investment and securities sources. Harmer’s campaign also says McNerney has accepted during his political career thousands of dollars in campaign contributions from the employees, PACs and lobbyists of companies that have applied or or received federal earmarks at his request, according to their analysis of FEC reports.

McNerney has plenty of contributions on his list from which critics could make allegations of special interest influence.

“If my opponent wants to talk about contributions, he needs to apply the same standard to himself,” Harmer said.

SERIOUSLY? The Harmer camp put out an absurd press release today touting an audiotape in which McNerney praises GOP nemesis and House Speaker Nancy Pelosi for her persistence in pursuit of passage of the health care legislation at a time when President Barack Obama wanted to back off.

Here what “Jerry McNerney has to say about Pelosi when he thinks voters aren’t listening!” reads the release, complete with a link to a YouTube clip.

Oooh, a secret audio tape. How delicious. Unfortunately for the Harmer camp, the clip came from a Democratic Party lunch this summer where McNerney was a speaker. Gee, I guess no real voters show up at Democratic Party luncheons.

Yes, McNerney agrees with Pelosi on a lot of issues.  She is the Democratic House leader. He is a Democrat. If voters don’t like the Democrats’ platform, they can vote for Harmer. And there is no question that McNerney, along with most Democrats, is not squiring Pelosi around his district as a way to raise money or attract votes; she is a polarizing figure that most campaigns would rather avoid.

But the suggestion that McNerney is hiding his admiration for Pelosi or his support for her leadership is nonsense.

Here’s the clip if you want to hear what McNerney said.

DONOR OCCUPATION OF THE DAY: Dominic Scotto, owner of From The Heart Home Care, donated $1,000 to Harmer and for his occupation, he wrote, “Beleaguered Businessman.”

[You can leave a response, or trackback from your own site.]

  • danvilledan

    After viewing the movie “Inside Job” there is no way that I could vote for anybody that is connected with the Wall Street Bankers. That includes the Obama Administration.
    Any doubts? See the movie.

  • John W

    Agreed. If we like what one candidate stands for and dislike what the other is selling, then vote accordingly. The other stuff is mostly just smoke. By that standard, I voted for McNerney but expect Harmer to win — and then lose in 2012.

    The bailouts and health insurance law, combined with the sick economy, are driving this election. Strange, because people really, really would be mad if there had been no bailouts. As the president expressed it, “I’ve abandoned free-market principles to save the free market system.” No, not the “socialistic” madman Obama. That was former President G.W. Bush speaking in 2008. He was right, and Obama and the Dems were right to support him, while many Repubs didn’t. The day will come when people will realize what was at stake and how close we came to economic Armageddon.

  • Elwood

    I always form my opinions based on what I see in the movies.

  • RR, Uninvited Columnist

    Re: Elwood. Ditto. Let’s resurrect King Kong and Mighty Joe Young. They could straighten out those unruly Afghans and Iraqis lickety=split! And let’s send ‘em to Wall Street. Both of ‘em know New York well.