WASHINGTON, D.C. – United States Representative John Campbell (CA-48) today released the following statement in conjunction with Members of the House Missile Defense Caucus regarding North Korea’s launch of a long-range ballistic missile:

WASHINGTON — In six months, the U.S. Treasury has bailed out more than 535 financial institutions with $590 billion. San Mateo County officials told Congress on Tuesday that they want relief for just $155 million in investments lost in the financial crisis.

From 2000-06, Republicans had near-complete control of the levers of government in Washington, D.C. I am the first to admit that we spent too much money and ran up deficits that were too high. My party certainly did not act like the fiscal conservatives we profess to be.

Monday, May 4th, 2009

Survey: Last week this missive had 4 survey questions. About 1,000 of you responded to those questions, and I promised I would show you the results, so here they are. By the way, I agree with the majority of you, except on the BCS question where I think it should always be USC. :)

In the Chrysler plan, the bondholders (who by the way are completely secured by assets) get to keep about 20 cents on the dollar and have no upside since they get no stock. The union, however, whose liabilities are not secured, gets about 80 cents on the dollar and all the upside since they would have a controlling interest (55%) in the company all by themselves. Is that really "shared sacrifice?” But yet in a press conference last week, the President scolded the "investment firms and hedge funds” for not accepting his proposal on how much of a haircut they should take and praised the UAW for their "painful sacrifice."