DNC: Frist Puts Personal Gain and Corporate Lobbyists Ahead of ...People

[MaineDem]

For Immediate Release
September 23, 2005
Contact: Josh Earnest - 202-863-8148

Frist Puts Personal Gain and Corporate Lobbyists Ahead of the American People

Washington, DC - Earlier this week, the Associated Press reported that Senate
Republican Leader Bill Frist dumped millions of dollars in HCA stock, from his
supposed "blind trust." Days after Frist's sell-off, HCA, a family company
still run by Frist's brother, reported disappointing earnings and the stock
dropped 15 percent. Today, it was learned that the Justice
Department subpoenaed records relating to the controversial multi-million
dollar stock transaction initiated by Frist. In addition, the Securities and
Exchange Commission (SEC) has launched an investigation of the stock trades.


Bloomberg also reports today that Frist delayed a vote on repealing the estate
tax in the aftermath of Hurricane Katrina only after hearing from corporate
lobbyists. The article notes that, "since George W. Bush became President in
January 2001, it hasn't been unusual for top-ranking U.S. lawmakers and 59-year-
old Bush himself to turn to trade group lobbyists for advice in making
legislative decisions."

"These developments show that Bill Frist spends most of his time looking out
for his own financial interests and for Republican big business cronies, not
for the interests of the American people he's supposed to represent in the
Senate," said Democratic National Committee Chairman Howard Dean. "Now that
they control the White House and the Congress, Republicans in Washington have
made their culture of corruption the norm, and no longer put the interests of
Americans first. The Bush Administration and their SEC and Justice Department
officials must fully and vigorously investigate Frist's suspicious stock trade
and fulfill their role as financial watchdog for the American people."


###


Paid for and authorized by the Democratic National Committee, www.democrats.
org. This communication is not authorized by any candidate or candidate's
committee.

[BlueJac]

1. Hey Bill call Martha!

[acmavm]

2. Way to go Howard. You know what he's starting to remind me of? One

of those old time heros that ride into town and take on all the bad guys.

[malaise]

3. There was a mention on MSNBC a few

minutes ago. Frist is in deep trouble. Down they come - what a regime.

[Rabrrrrrr]

4. Gosh, that surprises me, since he's a republican and a Christian

usually, they don't do illegal and unethical stuff like this.

Does this mean that republicans maybe can't be trusted to speak the truth or act honorably?

My faith is crushed!!



This is great! I was surprised and glad when I saw the SEC actually IS investigating this. After I read the first part of what he did, I said to myself, "And no action will ever come against him on this". I'm happy I was very wrong!

[BlueJac]

6. :rofl:

:rofl:

[Ikonoklast]

5. Greed first and always over people.

I am not surprised at this hypocrite. He uses Jeebus jerks when it suits him, but is as far from being a Xtian as can be. Profit is always the deciding factor in these peoples lives, transcending government, morals, laws, and ethics.

Sen. Frist, welcome to the end of your political career. Sanctimonious asshat.