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Himes Celebrates 4th Distict Win [Photos & Video]

Watch video of the 4th District Congressman's acceptance speech and check out photos from the Democrat's election night headquarters in Bridgeport.

A crowd of about 100 people gathered at the Bridgeport Holiday Inn on election night to congratulate Jim Himes as he won re-election as Connecticut's 4th District Congressman.

Himes, a Democrat from Greenwich, defeated Republican Steve Obsitnik, a Westport resident.

According to the Associated Press, Himes won with 58.9% of the vote, compared to 41.1% for Obsitnik (with 78% of precincts reporting).

Will Wilkin November 09, 2012 at 07:12 PM
Free Trade policies exported almost 6 million mfg jobs and 42,000 factories in the first 10 years of this decade, fully 1/3 of our mfg, and average 10,000 to 20,000 more mfg jobs every month since. Since coming to Congress, Mr Himes has voted in support of every additional Free Trade treaty: Panama, Colombia, and South Korea. These deals bring great profits and bonuses to the corporate executives and investors Himes serves, but at the expense of the people of the USA. Every FTA Himes approves exports MORE of America's jobs, wages, GDP, tax base. Free Trade also destroys the multiplier jobs that offshored mfg would have created, destroying our country's industrial ecosystem, our opportunities and prosperity. The latest example: http://www.arirang.co.kr/News/News_View.asp?code=Ne4&nseq=137964 EXCERPT: According to a report by the U.S. Congress' Joint Economic Committee the U.S.' trade deficit with Korea has grown by even a larger margin since the implementation of the FTA from just 600-million dollars in March to a staggering 2-billion dollars in May. END EXCERPT
Will Wilkin November 09, 2012 at 07:12 PM
Not content to export our jobs, Himes also aims to weaken the financial system on behalf of off-shored financial houses. He's an old Goldman Sachs VP with the special distinction of leading the charge to gut the weak Dodd-Frank financial regulation "reform": How Wall Street Killed Financial Reform http://www.rollingstone.com/politics/news/how-wall-street-killed-financial-reform-20120510?page=4 EXCERPT: H.R. 3283... Sponsored by Connecticut Democrat and hedge-fund industry BFF Jim Himes, exempts foreign affiliates of U.S. swaps dealers from all Dodd-Frank oversight. The rule, if implemented, would make the next AIG possible, given that AIG was undone by half a trillion dollars in derivative bets produced by such a foreign affiliate – its London-based financial products outfit, AIGFP. If passed, says Rep. Brad Miller, a Democrat from North Carolina, H.R. 3283 would leave a "massive, gaping hole" in Dodd-Frank. "It would be very easy to move those trades to whatever the most indulgent country would be," Miller explains. The bill also exempts from oversight any swaps deals between company affiliates – meaning that Goldman Hong Kong can sell swaps to Goldman New York without having to deal with Dodd-Frank. That sounds harmless, but when you combine it with the AIG-style exemption, a bank would basically be able to get around Dodd-Frank entirely by creating its swaps products at an overseas branch, or moving them back and forth between affiliates. END EXCERPT
Will Wilkin November 09, 2012 at 07:59 PM
Jim Himes, like Erskine Bowles, is a favorite of the Wall Street billionaires because he so intimately understands their sophisticated financial needs, as shown in previous post. One of those billionaires is Peter Peterson. http://www.guardian.co.uk/commentisfree/cifamerica/2010/jan/04/washington-post-fiscal-times-peterson EXCERPT: Peter Peterson is a Wall Street billionaire and former Nixon administration cabinet member who has been trying to gut social security payments and Medicare for at least the last quarter of a century. He has written several books that warn of a demographic disaster when the baby boomers retire. These books often include nonsense arguments to make his case. For example.... ...Of course, what Peterson says matters because he uses his billions to make sure that his voice gets heard. In the case of his books, he would take out full-page ads in major newspapers to ensure that these otherwise very forgettable tracts got taken seriously. And he started organisations. First, he had the Concord Coalition.... END EXCERPT Jim Himes is a hero of that Concord Coalition because he agrees that Social Security and Medicare should be cut rather than strengthened: http://www.concordcoalition.org/articles/2012/1023/impressed-himes-bipartisan-approach In my next post I'll show how misleading the critics of Social Security have been, but Jim Himes is marching them because, as an Old Hand at Goldman Sachs, he's one of them after all.
Will Wilkin November 09, 2012 at 08:13 PM
Jim Himes leads the bipartisan legislative attack on Social Security, earning the "awards" and praise of those leading the ideological attack on Social Security. Instead of educating the public about the false scare tactics used to attack Social Security, Himes uses the confusion as perfect circumstances to please the humbugs who don't appreciate a program that has kept tens of millions of Americans out of poverty. http://www.cepr.net/documents/publications/ss-2010-11-1.pdf EXCERPT: Polls consistently show that a large majority of working age people does not expect to be able to collect Social Security benefits. They have been led to believe that the program is hugely out of balance and will soon run out of money. Of course this is clearly not the case. The projections that are derived from the Social Security Trustees’ intermediate assumptions show that the program could pay all scheduled benefits for the next 27 years even if nothing is done. After 2037, the projections show that Social Security would still be able pay a benefit that is larger in real terms than what current retirees receive, even though it would be just 75 percent of the scheduled benefit. The payable benefit would continue to rise through time, so that even if nothing is ever done to changethe program, a retiree in 2100 could anticipate a benefit that is more than twice as high as what current retirees receive today. [To be continued...]
Will Wilkin November 09, 2012 at 08:13 PM
[....Continued] Presumably Congress will not allow the payable benefit to fall below the scheduled benefit. If a shortfall really was imminent, it is likely that Congress would make the necessary adjustments to keep the program paying full benefits. This is exactly what happened in 1982-83, when the program literally did run out of money. Congress took steps to ensure that benefits were paid each month. It then established the Greenspan Commission whose reforms laid the basis for another 54 years of solvency. Adjustments of the size put in place in 1983 could keep Social Security fully solvent into the 22nd century even if we waited until 2030 to act. These are the basic facts about the state of the program, yet only a small share of the public knows them. This matters hugely in terms of the willingness to accept cuts in the Social Security. People are far more likely to accept cuts in the program if they never expected to see their benefits anyhow. On the other hand, if there were widespread awareness of the fact that the program was fully funded for the near-term future and largely funded for the indefinite future then there would likely be more objections to proposals that substantially reduce benefits. END EXCERPT

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