JAMESTOWN – The John Plumb for Congress campaign is once again going on the offensive against Congressman Tom Reed (R-Corning, NY 23), accusing him of putting the interests of Wall Street before residents in the 23rd Congressional District.
On Thursday the Plumb Campaign sent out a media release criticizing Congressman Reed’s campaign for sharing a graphic on social media on Wednesday, Aug. 2. The graphic features a message that Reed is representing the “families here in the Southern Tier, Finger Lakes, and Western New York.” However, the accompanying image includes the Tom Reed Logo over a silhouette of the New York City Skyline.
Whether intentional or an oversight, the irony of the image didn’t go unnoticed by Plumb’s campaign.
Friends of John Plumb spokesman Sam Newton said the image is actually fitting for a representative that has taken over $1 million in campaign funding from Wall Street and the financial industry – including over $260,000 in this campaign cycle. He also claims that Reed has consistently voted to protect Wall Street at the expense of families here in Western New York.
“We appreciate that Congressman Reed is finally coming clean about who he represents in Washington – Wall Street bankers, not the hardworking families here in Western New York, the Southern Tier and Finger Lakes,” said Newton.
To support his claim of Reed putting Wall Street before Southern Tier Families, Newtown says that in June of this year, Reed voted along with his House Republican colleagues to block a new fiduciary rule that requires financial advisors to act in their clients’ best interests when giving financial advice, and bars advisors from ripping off clients in order to increase profits.
He also points to Reed’s vote in 2012 to repeal what Newton says was a key mechanism designed to keep Wall Street banks and the financial industry in check to prevent them from crashing the U.S. economy again and hurting working families.
And Newton said that Reed voted in 2013 for a bill almost entirely written directly by lobbyists for a top Wall Street bank that would have repealed a key regulation and allowed Wall Street banks to once again trade derivatives in house –which is a practice that the New York Times called “a main culprit in the 2008 financial crisis.”
And finally the Plumb campaign says that in 2011 Congressman Reed voted against a predatory lending restriction, which allowed financial industry advisors who had been convicted of fraud for engaging in predatory lending to veterans to continue to sell securities.
REED CAMPAIGN: PLUMB IS THE ONE PUTTING OUTSIDE INTERESTS AHEAD OF THE DISTRICT
In response to the Plumb campaign’s most recent accusations, the Reed campaign responded by saying Plumb is the one who’s putting other interests before the interests of local constituents.
“John plumb is the one who is bought – bought by the DC establishment. This has been proven time and time again by Nancy Pelosi’s constant involvement in the district,” said Amy Hasenberg, Tom Reed for Congress Spokeswoman. “She handpicked Plumb to move here to run for Congress and she already has hundreds of thousands of dollars invested in television commercials. John Plumb is literally in the pocket of DC insiders. He doesn’t care about the needs of our families, he just cares about where his next fundraising check is coming from. Tom on the other hand is fighting for our families because New York is his true home. He is bringing New York’s voice to Washington.”
Hasenberg also said that when it comes to looking out for the interests of Wall Street, no one does it better than the Democratic nominee for president, whose received full support from Plumb.
“Hillary Clinton is the candidate bought by Wall Street this election and John Plumb has supported her all along. Tom is supported by New York’s 23rd District because he is fighting for fair policies for us.”
Plumb is challenging Reed for his seat in the 2016 general election. Over the past two decades he’s served as a submarine officer in the Navy and later as an official at the Department of Defense. Most recently he’s served as director of defense policy and strategy at the National Security Council and is also a Navy Reserve Commander. He graduated from Randolph High School in 1988.
Reed is an attorney and former mayor of Corning who was elected to Congress in 2010 and has represented Chautauqua County since January 2013, when redistricting created the new boundaries for the state’s 23rd congressional district. Since first being elected to Congress in 2010 (defeating Mathew Zeller, D-Rochester), Reed won reelection in 2012 (defeating Challenger Nate Shinagowa, D-Ithaca) and in 2014 (defeating challenger Martha Robertson, D-Ithaca).