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Joy Padgett is toast. Love it when republicans eat each other.

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cmd Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-19-06 08:20 AM
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Joy Padgett is toast. Love it when republicans eat each other.
http://www.casperstartribune.net/articles/2006/08/19/ap/politics/d8jj6vho0.txt

Harris, a financial analyst, came out firing at Padgett, suggesting her personal and corporate bankruptcies make her unfit to help set the federal budget.??"Bankruptcy is not a badge of honor and it is an ethical and professional disqualification from representing Ohio Republicans and taxpayers in Congress," he said.??Padgett was treasurer of an office supply Company in 2005 when it filed for federal bankruptcy protection and defaulted on a Small Business Administration loan. Padgett guaranteed $837,000, then filed for personal bankruptcy protection in June on that debt.??She defended the bankruptcy as a function of Ohio's bad economy.??Voters, she said, "will say, 'This woman understands what the economy is like.'"?
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cmd Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-19-06 09:53 AM
Response to Original message
1. and a little more (too late to edit original post)
First, it turns out that the candidate widely endorsed to succeed Ney - and supported not only by the embattled congressman but also by the Ohio Republican Party - is more than $1 million in personal and business debt, along with her husband. The federal government may have to pick up some of that because of a Small Business Administration loan guarantee.

Joy Padgett's debt, and the personal bankruptcy she and her husband, Donald, filed on June 15, promise to rise as a campaign issue as her party promotes fiscal responsibility.

Their U.S. Bankruptcy Court filings list $1.16 million in debts against $202,143 in assets.

"To default on an SBA loan, and her million-dollar bankruptcy, show that she cannot control her borrowing or her spending," said James B. Harris, another Republican seeking Ney's seat.

http://www.cleveland.com/open/plaindealer/index.ssf?/base/news/1155976835263150.xml&coll=2
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mongo Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-19-06 01:47 PM
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2. I hope you're right cmd
Padgett is the most serious threat to Zack.

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dsc Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-19-06 04:30 PM
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3. This would be the economy that the GOP has been running
for the last decade and a half? That Ohio economy?
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cmd Donating Member (1000+ posts) Send PM | Profile | Ignore Sat Aug-19-06 06:11 PM
Response to Reply #3
4. Yep, poor bankrupt Joy is running on the GOP platform
There's a word I'm looking for to describe her statement. Idiotic, perhaps?

From the same article:
"I know of many other business people who have gone through the same thing," she said. "Fortunately, they didn't have to have it on the front page of a newspaper.

"But that's OK. It's OK because it's real. And I can understand this in a way that maybe other people don't understand."
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