Statement of OFA-Alaska Director Jonathan Teeters on Republicans Turning to Wall Street to Fund Campaigns4/4/10
Anchorage – Jonathan Teeters, Organizing for America (OFA)-Alaska State Director, issued the following statement in response to today’s Wall Street Journal article reporting that Republicans are turning to Wall Street to help fund 2010 campaigns:
“The news today that Republicans are training their sights on Wall Street is both troubling—and motivating. While all Americans should be concerned by elected leaders looking to Wall Street banks to help fund their campaigns, OFA supporters in particular should see this strategy as yet another reason to continue our work in support of financial reform.
“During his first year in office, President Obama—with the support of Organizing for America volunteers across the country—has already taken action on a number of fronts to rein in the excesses of Wall Street—and we’re ramping up to do even more this year. Already, President Obama has made significant moves to curb the unnecessary risk-taking that brought our economy to edge of collapse in the first place, including: working to cap executive compensation and excessive bonuses and imposing fees on the biggest banks to ensure financial institutions who can afford to pay out major CEO bonuses also afford to make taxpayers whole again.
“It’s time for America to focus on rebuilding Main Street and work to strengthen the middle class by building a foundation for a more prosperous future. Organizing for America–Alaska stands ready to do our part in support of President Obama—and we remain more committed than ever to bringing about the change that voters called for in the 2008 elections.“