Citizens United Attack Ad - Exposes Mourdock's Record Citizens United launched a negative, deceptive ad attacking Senator Lugar. But if you didn't know who the ad was attacking, you'd almost be certain it was talking about Richard Mourdock.
PoliticalNews.me - May 01,2012 - Citizens United Attack Ad - Exposes Mourdock's Record
Citizens United launched a negative, deceptive ad attacking Senator Lugar. But if you didn't know who the ad was attacking, you'd almost be certain it was talking about Richard Mourdock. Take a look at what happens when we insert Mourdock's name into Citizens United's ad copy:
[Richard Mourdock's] Economic Record A Disaster
"There are more serious examples of Mourdock's malfeasance in office than missing board meetings. For example, as State Treasurer, Mourdock invested $1 billion of Toll Road money in junk bonds, a risky move soundly criticized by the non-partisan Government Investment Officers Association-a taxpayer watchdog group. And, Mourdock should be held accountable for the state's recently exposed half a billion dollar accounting errors, though Lugar may feel reluctant to raise the issue since Daniels is also to blame." (Howey Politics Indiana, 4/23/12)
But what [Mourdock] did with our money, even worse
In 2008, Mourdock invested $616 million of State Toll Road money in Freddie Mac and Fannie Mae Securities and $277 million in Junk Bonds. This amount represented 22% of a public trust, which was set up after Indiana privatized its major toll road. Mourdock's investments jeopardized the future of generations of Indiana citizens. (Indianapolis Star 10/15/08)
[Moudock] was reckless, he bailed out wall street
"Mourdock Said He Knows Of No Good Alternative To A Potential $500 Billion Federal S&L Bailout, Because If Failing S&L's Were Required To Sell Off All The Troubled Properties They Own At Once, The Dumpoff Would Have A Catastrophic Impact On Property Prices Across The Nation." ("Mourdock not supporting Bush tax increase," Bloomington Herald-Times, 7/12/90)
In 1995, Mourdock approved spending $75,000 of taxpayer money on a "new bumper-boat attraction." According to the Evansville Courier & Press, the "new aquatic attraction at the county-owned park" called for the installation of "bumper boats, similar to bumper cars at an amusement park," in a new "60-by-80-foot above-ground pool." ("Food Tax Extension Endorsed Commissioners Want Funds For Auditorium," Evansville Courier & Press, 1/18/95)
Raised the debt ceiling
When asked why he proposed spending taxpayer money on an unaffordable plan to provide free college to millions of Americans, Mourdock's excuse was that the national debt at the time was only $4 trillion.
Reckless with our money
In 2008, Mourdock purchased highly distressed below investment grade junk bonds in Chrysler for Indiana State Pension Funds at a 53% discount - just two months before the company declared bankruptcy. When asked under oath, his rational was that the "security was seen through a little bit of a squinty eye of the market" even though "there was a higher level of risk there." (TARP Oversight hearing, 7/27/09) Millions were lost in the investment.
A big spender we can't afford
On March 4, 1992, the Evansville Courier & Press reported: "The Republican 8th District congressional candidate has proposed a free year of college for students who graduate from high school with at least a B average...He proposed the free year of college, funded