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  • The Last 100 Days and the Next 100 Days

    It’s been 100 days since the fatal explosion on the BP Deep Horizon oilrig in the Gulf of Mexico caused the largest oil spill ever. But, the effects of this disaster will last much longer than 100 days. We barely understand the consequences to the delicate oceanic ecosystem. We barely can foresee the jobs lost and industries disturbed by this tragedy.

    Soon after BP and FEMA plug the leak, the media will forget this disaster and move on to more immediate and dramatic events. But, we must remember the lack of accountability to which this company held itself. We must remember that they had no contingency plan in place before this happened. We must remember that the only reasonable conclusion is that they didn’t care about the risk that this might happen.

    This indifference to consequences is of the same character that Wall Street exhibited when it placed bets in derivative markets. The system was set up to favor quick profits over long-term market stability and Wall Street bigwigs took advantage of this setup for their personal benefit. Their shortsightedness led to long-term threats to our economy. This is what happens when we trust companies, whose only goal is to maximize profits, to hold themselves accountable. It just doesn’t happen.

    Someone needs to care about the next 100 days, because in these next 100 days, American and Transnational corporations will make decisions that affect every single American family. We must ensure that these decisions do not sacrifice livelihoods of these American families for the sake of short-term corporate profit.

    Election day is just under 100 days away. Take this time to ask yourself if you want to keep the incumbent in place who has toed the absolutist, uncompromising deregulatory party line for his entire 16-year career in Congress. Or, ask yourself: do you want a new Representative in Bill O’Neill who has practical and reasonable solutions to hold companies accountable when their decisions injure our natural resources and family pocketbooks.

    (Follow the links below to donate to the gulf coast cleanup effort)

    http://www.lagulfresponse.org/

    http://www.healthygulf.org/

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Bill O'Neill applauds passage of Wall Street Reform
On July 16, 2010

Contact:
Eric Rosso
eric.rosso@oneill4congress.com, (440)-409-1436

Stow, OH - BIll O'Neill applauds Congress in passing historic Wall Street Reform legislation. The Wall Street Reform Bill will go a long way in making new rules for credit card and mortgage companies, reigning in reckless behavior on Wall Street, and making sure taxpayers will never have to bail out big banks again.

O'Neill says, "In implementing this historic legislation, the President and Democrats in Congress have made sure that Main Street will never be on the hook for Wall Street's greed again. This legislation will end the same, tired status quo behavior that drove Northeast Ohio to economic hardship and depleted the savings and retirements accounts to the tune of $2 trillion nationally."

O'Neill's opponent in November, Congressman Steve LaTourette, voted against this legislation. Although not surprised, O'Neill is both disheartened and angered at the incumbent's vote against Wall Street Reform.

"It is beyond me as to why Rep. LaTourette voted against this legislation. Maybe it has something to do with the close to $900,000 Steve has taken from finance, real estate, and insurance special interests. While Special Interest Steve claims he voted against the bill because the provisions in the bill were 'too chummy' with Wall Street, I suggest he voted against the bill because he is too chummy with Wall Street."

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