Jack Conway claims that he will hold Wall Street accountable. In much of his campaign literature, he singles out Goldman Sachs as an example of greed, and pledges to put an end to the corruption. But Conway’s FEC reports make these claims questionable.
According to these reports, Jack was a special guest at a campaign fundraiser hosted by Wall Street insiders in New York. In fact, Conway has pocketed over $106,000 from Wall Street insiders. In an act of complete hypocricy, he criticizes banks like Goldman Sachs while at the same time filling his pockets with at least $10,000 in cash from current and former Goldman Sachs executives. It doesn’t stop there. Jack Conway also recieves his contributions from Merrill Lynch, Bear-Sterns, EnTrust, and many others.
Click the image below to see a breakdown of contributions:
With Conway in the pocket of Wall Street bankers, how can we expect him to end the bailouts?
I guess it’s no secret where he stands on Wall Street bailouts and corporate welfare. Jack is more interested in serving Goldman than the people of the Commonwealth.
Don’t forget one of his biggest funders is also BP.
Jack Conway supports Cap & Trade and is answering to BP executives currently bankrolling his campaign.
Below is an excerpt from an article I found on the subject. You can see the full article at Mother Jones titled “Kerry: Three Big Oil Companies Likely to Back Climate Bill.” The full article is at http://motherjones.com/blue-marble/2010/04/kerry-says-climate-bill-has-industry-backing .
In the teleconference, organized by the We Can Lead coalition, Kerry outlined specific details from the bill that have not previously been publicly available. Here’s a rundown:
■The bill would remove the Environmental Protection Agency’s authority to regulate carbon dioxide under the Clean Air Act, and the states’ authority to set tougher emissions standards than the federal government.
■There will be no fee—or “gas tax”—on transportation fuels. Instead, oil companies would also be required to obtain pollution permits but will not trade them on the market like other polluters. How this would work is not yet clear.
■Agriculture would be entirely exempt from the cap on carbon emissions.
■Manufacturers would not be included under a cap on greenhouse gases until 2016.
■The bill would provide government-backed loan guarantees for the construction of 12 new nuclear power plants.
■It will contain at least $10 billion to develop technologies to capture and store emissions from coal-fired power plants.
■There will be new financial incentives for natural gas.
■The bill would place an upper and lower limit on the price of pollution permits, known as a hard price collar. Businesses like this idea because it ensures a stable price on carbon. Environmental advocates don’t like the idea because if the ceiling is set too low, industry will have no financial incentive to move to cleaner forms of energy.
■The energy bill passed by the Energy and Natural Resources Committee last year will be adopted in full. This measure has sparked concerns among environmentalists for its handouts to nuclear and fossil fuel interests.
I clicked “submit” prematurely on that last comment. What I meant to say is that I agree. It’s no wonder Jack supports the legislation, which largely benefits the major oil companies and campaign contributors. It’s just too bad the people whose jobs will be lost don’t have someone lobbying on their behalf.
He’ll be fighting hard to make sure the banking elite have a smooth transition through the collapse.
We know who Jack Conway serves, and it’s not the people he wants to represent in the US Senate.
Just like Obama.
Jack Conway is a Corporatist puppet. Rand Paul is going to cut your strings Jack.
I miss the days when the democratic party WASN’T the party of corporations.
Jacks new Pension buddies are helping him raise $$ on Wall Street. The Ky Retirement System is beholden to Jack since his last minute AG opinion in August (09) allows KRS trustees to serve out 20 year terms and keep control of the board despite legislation limiting them to 12 years.[i]
[i] http://ag.ky.gov/civil/opinions/list.htm OAG9006
i have no doubt jack would vote to bail out the banks since they are funding him
I wouldn’t doubt Jack would support bailing out BP as well.
Jack is defintely not backed by kentuckians because i am a democrat in louisville but even i wont vote for him!
neither will my son in paducah
Dan Mongiardo was right to characterize Jack Conway as too liberal. Rand Paul is the only clear choice in this election.
wow… not a shocker
“Bailout boy” Jack Conway
jack only cares about the special interest!