Today marks the end of the FEC's first quarter reporting period. Here's one good reason to thank Congressman Walz and contribute to his campaign committee.
Walz stands out for his bailout stance
With taxpayers still seething over the massive AIG bonuses, First District Rep. Tim Walz's steady opposition to the Wall Street bailouts due to a lack of oversight may have him feeling vindicated.
Last fall, the Democrat voted against the bailout plan twice, voicing concern about a lack of oversight to make taxpayers recouped their money. He defied newly-elected Democratic President Barack Obama, voting against releasing the second $350 billion installment of the bailout funds.
Last week, Walz voted in favor of a bill aimed at strengthening oversight of the bailout plan, also known as the Troubled Assets Relief Program. The measure would allow the Special Inspector General to audit or investigate any action taken under the financial rescue law. It also mandates the investigator to report to Congress in September how those taxpayer dollars were spent.
"This increased transparency should have been in the original Wall Street bailout," Walz said.
The Winona Daily News' Mark Sommerhauser also observed that Walz can say he saw it coming.