Sue Lowden Announces Bid Against Reid
Sue Lowden finally announced her bid to run against Senator Harry Reid. From the RGJ article:
Lowden, a board member and treasurer of gaming company Archon Corp., is a former one-term state senator, retired Las Vegas news anchor and former Miss New Jersey. She said she plans to contrast her experience as a businesswoman with Reid’s life-long career in politics.
“My credentials are diverse,” she said. “That’s a good thing. People are tired of people being lifelong politicians.”
She also took aim at Reid’s central campaign argument that his position as majority leader benefits Nevada, citing the state’s dismal return of federal tax dollars and bottom per capita ranking for stimulus money.
“It’s an election year,” she said. “He’s going to step up his efforts to look like he’s doing what he can for Nevada.”
Nevada gets back about 65 cents of each dollar residents pay in federal taxes.
October 4th, 2009 at 7:37 pm
Health Bill Raises Economic Concern For Real Estate
Sen. Harry Reid’s state, Nevada has the nation’s highest number of foreclosures. Ironically Reid has the power when bringing together different health-care proposals for a vote, to either help or destroy future home ownership for millions of Americans.
All current health care proposals mandate taking 8 to 10 percent of middle class income: that lost income would no longer be available to the middle class to qualify for loans to buy homes or other kinds of property. The costs of government-mandated health insurance may cause many home buyers not to qualify for home mortgages. Nevada already suffering from foreclosures might have its housing market decimated. More homeowners would have difficulty paying their mortgage and credit cards if government takes 8 to 10 percent of their income for forced health insurance and penalties.
Historically, fewer home-buyers, have lowered home selling prices and caused a reduction in property taxes collected by county governments: the current drop in home values and property taxes has forced many county governments to ask federal agencies for money, further increasing federal deficits: that may worsen if home buyers are thwarted by the costs of forced health insurance and penalties.