I don't know about anyone else following the State Senate district 51 race, but to me it seems a lot like Seward thinks that this time around he'll be able to coast to a victory using the same old techniques he's used the past 20+ years. I think Seward is in for a rude awakening if he thinks that this election year is not any different from the others that he coasted to victory in. This year he has a very formidable opponent, Don Barber, and the people of New York are thirsty to shake up Albany.
Seward has already backed out from a couple of debates, and he has remained mostly quiet on the issues that are affecting the pocketbooks of the people of New York,
From the Barber Release:
State Senate candidate Don Barber (D-Caroline) continued to press Sen. Jim Seward (R-Milford) yesterday on his refusal to answer questions about the $85 billion taxpayer bailout of A.I.G., the New York incorporated insurance conglomerate. Seward, who heads the Senate's Insurance Committee, has refused to reply to a series of questions Barber posed about the collapse of the insurance giant.
"Seward's silence speaks volumes. Not only are taxpayers on the hook for $85 billion. The Wall Street Journal reports that A.I.G. has lost more than $170 billion in value, including losses to retirement plans and employee stockholders. These are working people, and that's who I'm concerned about."
Sen. Seward has long been a supporter of deregulation policies, Barber explained. "Since the beginning of this campaign I have pointed out how much money Sen. Seward's actions have cost New Yorkers. He refused to regulate health insurance premiums, and they've gone up exponentially in a five year period. He pushed for weakening oversight of auto insurance rates. Now he won't say a word about the biggest bailout of the biggest insurance company in history. He's even cozier with the insurance industry than we first thought. Only New York State has oversight responsibilities over A.I.G, which is incorporated in New York. Shouldn't Sen. Seward, as Chairman of the Senate Insurance Committee, be demanding answers and calling for stricter oversight?"
Barber pointed to one obvious reason Sen. Seward has refused to explain the A.I.G bailout to the public. Seward is president of the National Conference of Insurance Legislators (NCOIL) whose stated mission is to prevent federal oversight of the insurance industry. Robert Hunter, Consumer Federation of America's Insurance Director, said NCOIL "has taken a series of recent positions on high-profile insurance issues that are favorable, if not identical, to insurance interests. Too often, NCOIL's advocacy is virtually indistinguishable from those of insurance interests. Perhaps because so many of their members are affiliated with the insurance industry, NCOIL consistently promotes industry self-regulation and weak oversight of insurance abuses. I'm issuing a consumer alert to federal and state lawmakers that they cannot count on NCOIL as an unbiased source of information on pressing insurance issues."
"You can draw a straight line from the hundreds of thousands of dollars Seward has taken from insurance companies and lobbyists, to the policies that his organization advocates, to the collapse of A.I.G.," Barber said. "Strong oversight could have prevented A.I.G. from dealing in risky securities, and the people's money would have been protected. That's why Sen. Seward doesn't have a single answer to the questions I posed last week."
Barber pressed Seward again to answer a series of simple questions. Why did A.I.G. fail? Why didn't you advocate stronger government oversight of its risky practices before it was too late? How do you justify the use of taxpayer money to bail out the largest insurance company in the country? How can you explain to the citizens of our district taking hundreds of thousands of dollars from insurance companies?
Seward is keeping silent when pressed about his insurance company ties, he is keeping silent of the big bailout that these companies are getting. If Seward wants to be silent, that's fine, but let's show Seward that we want a State Senator who will give us answers, not the cold shoulder.