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Wednesday, April 28, 2010

PRESS RELEASE: Bridgeport Congressional Candidate, Rick Torres, Blasts Banking Reform as Diversionary Tactic

Congressional Candidate, Rick Torres, Blasts Banking Reform as Diversionary Tactic
A press release from Rick Torres, a U.S. congressional candidate in Connecticut’s 4th district, found it's way into my email box. The release is impressive:

Rick Torres, candidate in Connecticut’s 4th congressional district, today urged the president to resist further regulation of the banking industry. In a statement issued today, Torres said, “Lack of regulation was not the cause of our present financial crisis. The exact opposite is true.”

Torres pointed to the creation of the now bankrupt Fannie Mae and Freddie Mac, to President Carter's Community Reinvestment Act of 1977, to President Clinton's 1999 forcing of banks to lower their lending standards to increase the number of loans to 'distressed inner city areas', and to the Federal Reserve's policy of keeping interest rates artificially low for the few years leading to the crisis.

“Banks never gave out risky loans prior to these government initiatives,” Torres continued. “But when the government started to use the free market for social engineering, banks no longer acted prudently. This caused our financial crisis.”

According to Torres, President Obama’s push for banking regulation is nothing more than a populist move to distract voters from the public rejection of his other policies in the face of the voter backlash in Massachusetts’ election on January 19th.

“Not only is his push for more banking reform dangerous, but the timing is suspicious. I suspect this is merely a ploy to distract voters from Tuesday’s election in Massachusetts, where the public soundly defeated his other attempts to regulate our economy,” Torres noted.

“Allow banks to act in their own self interest, without government manipulation, they won’t give risky loans. It’s that simple.”

Of course, the social engineering that Torres speaks of resulted in much of the money, that the Federal Reserve printed, ending up where Torres identifies, but the crisis, itself, was ultimately a monetary/Fedeal Reserve event, and would have occurred in some fashion even without the disastrous housing legislation. That said, Torres appears to be a very strong liberty oriented candidate. Check out his very creative web site, here.

Please send your comments, news tips and press releases to BridgeportRoundup@gmail,com

Tuesday, April 27, 2010

04/27/10 The Raw Bridgeport News Feed

The Latest News About Bridgeport

People's to stay put in Bridgeport
Ct Post
Despite the resignation of Chief Executive Officer Philip R. Sherringham,
Bridgeport-based People's United Bank has no plans to leave the city, ...
Newark mayor urges Bridgeport to reach higher
Ct Post
Newark, New Jersey Mayor Cory Booker was the keynote speaker at this years 25th Anniversary Breakfast of the
Bridgeport Child Advocacy Coalition which was ...
CT partners in Bridgeport tech incubator
Hartford Business
The state and the University of
Bridgeport have created an incubator to promote development of high-technology startups in Fairfield County. Gov. ...
Goat head latest animal part to show in Bridgeport
Ct Post
BRIDGEPORT -- Police are investigating the discovery of a disembodied goat's head in Beardsley Park, in yet another case of parts from dead animals turning ...
Updated 'Cinderella' at Bridgeport Downtown Cabaret
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In the new modernized rock version of "Cinderella" at
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Lamont and Malloy Talking Casinos in Bridgeport
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So I'm trying to figure out what on earth Ned Lamont was thinking when he told
Bridgeport Democrats recently that he was open to talking about a casino. ...
Southern Connecticut Women's Expo coming to Bridgeport
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The event will take place September 25 & 26 at the Arena at Harbor Yard in
Bridgeport, CT. This event will attract thousands of women that want to shop for ...
Bridgeport's Stratford Ave. bridge closed Wed.
Ct Post
BRIDGEPORT ---- The Stratford Avenue Bridge, which spans the Yellow Mill River, will be closed nearly all day Wednesday for regular maintenance. ...

Bridgeport In The Blogosphere

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CT Bites is a blog covering the food scene in Fairfield County, Connecticut.
CT Bites - http://www.ctbites.com/
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Contact. Black Rock Branch 2705 Fairfield Ave.
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Bridgeport Public Library Branch:... - http://bportlibrary.org/branches/blackrock/

Recently Updated Web Pages About Bridgeport

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Please send your comments, news tips and press releases to BridgeportRoundup@gmail.com

04/27/10 In 4th District race, Rick Torres goes against the grain

Rick Torres may be considered an anomaly by some. Not only is he a Republican in a city where Democrats outweigh the GOP faithful, he's a Latino Republican.

On a warm spring morning, Torres, 51, sits at a table outside the Harborview Market, the business he owns in the neighborhood where he lives, talking about the life experiences that shaped him into the staunch conservative he is today.

Torres is working hard to secure the Republican nomination -- there are six candidates -- to unseat Democrat U.S. Rep Jim Himes in the Fourth Congressional District.

It would be easier, especially in Bridgeport, to be a Democrat. Hispanics tend to vote Democrat. And, in fact, at one point Torres himself was a Democrat.

Not any more. Not after living across the street from the P.T. Barnum housing complex in Section 8 housing -- housing subsidized by the government -- after he father moved the family back to the U.S. from Cuba in 1967.

"I believe in me, I believe in you," Torres said.

"I don't believe in the government. The problem with the government is they don't get it right. I want to fix it and the only way to fix it is to get government out of it."

He wants, he said, to "liberate the people living in public housing ... It was intended to help, but it does the opposite. The children don't see anyone who's never been on welfare. Everyone's been on welfare so long, that's the norm for them."

Torres said he thinks there should be a homesteader plan--if you've lived in public housing for 10 years or more, it's yours.

"Get them off welfare, let them earn as much as they can, and keep as much as they can," he said.

"Open the doors of education. That's what you and I take for granted. That's foreign to them. That's just the way it is and there's no other way to say it better."

He admits that some of his stands are not always popular with his customers, but that doesn't bother him, Torres said, as he points to a man sitting inside.

"That guy, he's a Socialist." Going against the grain, the accepted way to do things, the easiest way, is not something new for Torres.

The GOP candidate for mayor in 2003, he was ousted in 2007 as chairman of the city's Republican Town Committee after he urged GOP members to switch to Democrat to vote in a primary for mayoral candidate Chris Caruso. Torres said it was the best way to get rid of an entrenched Democratic machine.

As a high school senior, he was offered full college scholarships, so long as he played football or basketball. At age 18, though, his shoulder was shot, his knees were shot, his back hurt. Torres just wanted an education.

He founded himself at the Milford Academy, and bartered the carpentry skills he'd acquired at Bullard -Havens Technical High School to pay his way at the post grad prep school rather than play football, which would have also gotten him a free ride.

Torres found himself the winner of the popularity polls at Bullards-Havens, where he captained the basketball team, played football and was elected as the prom king.

He's also found himself ostracized, and was ready to quite Milford Acemdy after two month when none of his fellow students, all much wealtheir than he was, would even speak to him.

He's had success in business-his Harborview Market received outpouring support from the Black Rock community when he needed zoning variances to stay open. He's also had disappointments-a deal that would have brought a car manufacturer to the city fell through.

Today, Torres said, he is comfortable speaking to any sort of group.

"It's really cool. I can give a talk at the highest level of corporate office," he said, "and then I can go into an inner-city black church and give it again and then I can go into a Hispanic church and give it in Spanish."

Torres said he'd talked to millionaires in Greenwich, and students at Housatonic Community College.

"I give the same talk about small government and free markets," he said. "It's really a decent message."

Until the last election, the district was held by Christopher Shays, who was defeated by Jim Himes.

"I'm not a Chris Shays style representative," Torres said. "I'm not a moderate. I'm a conservative through and through."

He knows that means the Republican organization in the district is leaning toward candidates like Rob Russo and state Rep. Dan Debicella, who follow the Shays ideology.

But, he's raised about $50,000 and said there are many people in Fairfield County who agree with him. "I've found a gold vein, so to speak," Torres said. "I think we're going to strike it rich."

His goal is to raise "at least" $300,000 for the primary.

And he has no doubt that not only will he win a Republican primary, he'll win back the seat for the party.

Please send Your Comments, news tips and press releases to BridgeportRoundup@gmail.com

Monday, April 26, 2010

04/26/10 The Raw Bridgeport News Feed:

The Latest News Reports About Bridgeport

People's United CEO Departs; Bank Wants 'Right Acquisition'
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Hershey Up Two Games To None In East Division Finals
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The HERSHEY BEARS Hockey Club, having defeated the
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Downtown Bridgeport under construction
Ct Post
Morgan Kaolian AEROPIX Photo:
Water main break collapses Ash Street on Bridgeport's West End
Ct Post
BRIDGEPORT ---- A water main break will close Ash Street on the city's West End for most of the day today after a water main break collapsed the street in ...
Bridgeport man asks for more time with Greenwich robbery case
Greenwich Time
lawyer told a judge they needed more time to review police reports before deciding on a next step. Moses McCree is one of three men charged in the robbery
Truck gets stuck in Bridgeport sinkhole
Bridgeport, Conn. (WTNH) - A small water main break led to a truck getting stuck in a sinkhole in Bridgeport. The water main break only disrupted service to ...
Duncan Aviation Announces Opening of Bridgeport Satellite Avionics Shop
Duncan Aviation is pleased to announce that it has added
Bridgeport, Conn., to its growing list of more than 20 satellite avionics facilities. ...
Church group collects bikes to help needy in Bridgeport
Ridgefield Press
Each bicycle is taken to the St. Charles Urban Center in
Bridgeport where it will be refurbished and given to those, young and old, in need of a bicycle. ...

Bridgeport In The Blogosphere

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Bridgeport, CT. preview of MLS# 98455569 Bridgeport, CT. Price: $389500, City: Bridgeport, Square feet: n/a; Location: 475 Davidson St, Bridgeport, CT, 06605, USA. Fantastic waterfront gem. 100% renovated vintage home with ...
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