Candidates from Both Parties Campaign for Glass-Steagall

While LPAC continues to campaign for immediate restoration of FDR's Glass-Steagall provisions, as a sine qua non for saving the economy, numerous candidates, from both parties, are campaigning on a platform of reinstating Glass-Steagall.

Leading the charge is Democratic Senator Russ Feingold of Wisconsin, who is up for re-election this fall. Feingold, who is considered vulnerable to a challenge from Republican businessman Rob Johnson, is campaigning on his record as a maverick, including his vote against the repeal of Glass-Steagall in 1999, and against Obama's FinReg bill. "I wasn't about to let the same people who told me it [the repeal] was a good idea tell me this was a good idea," he told the Wisconsin press about his vote against the FinReg. "They were wrong before, and I think they're wrong again."

Democrat Denny Heck of Washington State's 5th C.D., running for his party's nomination in the Aug. 17 primary, is also prominently campaigning for reinstating Glass-Steagall, which is the first plank in his website's discussion of the issue of financial reform. The issue of Glass-Steagall has also been a prominent issue in debates among the Congressional candidates, Republican and Democrat.

Connecticut, the site of heavy LPAC organizing, is also an arena where Republican Mark Greenberg is, according to coverage in the Housatonic Times, campaigning to reinstate Glass-Steagall, and stressing what a big mistake it was to have had it repealed. Realtor Greenberg, who is running in the Aug. 10 Republican primary to be the candidate for the 5th C.D., does not feature Glass-Steagall on his website.