Political Quotes

“we find ourselves with yet another Republican bill that does not deliver what its title promises. H.R. 1000 is not a true pension security bill. We can and must do better than this bill. Since 2001, our country has experienced what has seemed to be almost weekly bankruptcies of some of the Nation's largest companies. Many of these bankruptcies were accompanied by corporate mismanagement and, in some cases, looting of employee pensions. Enron, Tyco, Global Crossing--and many other companies are household names because of their executives' disgraceful actions. Some of the largest airlines have provided golden parachutes for their senior executives, even as their pilots, stewards and maintenance workers accept pay and benefit cuts to help these companies survive. The President and his party have been talking tough about the need to protect workers' pensions and to combat corporate misdeeds. The President has been trying to make it sound as if he wanted to pursue tough reforms to strengthen employee protections and protect pensions. Yet, he is supporting this inadequate bill. A bill where, once again, the Republicans have sided with the worst CEOs and the special interests, rather than with our country's workers. Witness, for example, how this bill locks employees into company stock for excessively long periods of time, putting at risk their retirement savings while company executives are allowed to sell off their stocks at any time.”