Under a cool breeze in a patch of green outside his Midtown campaign office today, Jim Martin showed his teeth and pinned some of the nation's economic woes on U.S. Sen. Saxby Chambliss.
"We're experiencing a lesson in Saxby Economics," the Democratic nominee said.
The former state lawmaker branded the Republican incumbent as a big spender of taxpayer money who turned a blind eye toward attempts to regulate the financial sector, all the while accepting more than $475,000 in campaign contributions from the banking industry.
To help avoid another economic hand grenade like Sunday's Lehman Brothers fiasco, Martin said, the government needed to enact "reasonable regulation" of the financial sector. "Regulation helps good businesses compete. We need adequate regulation by the SEC to make sure people don't push too far in the economy."
"We've got to have some sort of transparency in the market," he said. "That can be fixed. There's hope in this."
When asked by a reporter if he thought it was fair to pin the entire U.S. Senate's economic policies on one senator, Martin said, "I hold [Chambliss] accountable for the mess we're in."
The Democrat's more pointed attacks on Chambliss follow four ads released by Libertarian Party candidate Allen Buckley in which he chided the incumbent for spending "like a drunken sailor" and taking the wrong approach to deal with a faltering economy.
Michelle Hitt Grasso, Chambliss' campaign spokeswoman, responds in an e-mail:
Our economy is in turmoil and Jim Martin uses that to call a press conference to get headlines at the expense of other peoples misery. And he just proved to everyone that he truly does not understand the economy. But that should not be a surprise coming from a man who supported the largest tax increase in Georgias history; who told the Macon Telegraph new light bulbs and not new domestic drilling will solve the energy crisis; and who told NPR that the middle class is just a state of mind. If Martin truly had a concern about the economy he would denounce Barack Obamas plan to pass the largest tax increase in US history if he becomes president but Martin supports Obamas tax increases proving yet again he just doesnt get it.
Saxby has been fighting to cut taxes, to make the temporary tax cuts permanent, sponsoring the Fair Tax, supporting the housing market stabilization legislation, helping pass the economic stimulus package, and working on legislation to allow for domestic oil drilling so we can reduce gas prices.
(Photo by Joeff Davis)
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