Friday, April 30, 2010

Marlin leads the way to follow the law and some still have not followed?

Marlin Stutzman....lately two things are happening.  He is under attack falsely for being a tax raiser by the Hostettler camp and he is picking up endorsements from Indiana people and well known conservatives and groups.   The preference is not to go into negative mode but since we are almost to the primaries the Hostettler side is continuing to distribute the untruth and yet as of this moment John has STILL not filed his FEC campaign finances?   Marlin was the ONLY candidate to meet the April 14th deadlline.

Even with his faults, John Hostettler would be far, far superior to Dan Coats as the Republican nominee.  His campaign is not telling the truth but his voting record is far more conservative than that of Coats.  Coats seems to exemplify all that can go wrong with a conservative candidate who sticks his toe into Washington and decides he REALLY likes the water. 

Dan Coats waited until the last minute to file his FEC campaign finance report, so it does not yet show up online.
Where did Coats get his money and why did he wait so long to file?

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There's evidence on the report that with his 24-day delay in filing, he may have owned stock in other companies as well, but sold them off. With only four days left, it's hard to prove.

It's also interesting to note that Coats owns stock in Suntrust Bank in Atlanta and Bank of America; especially since his lobbying firm helped to lobby for the Banking Bailout.

The article below also points out that Hostettler and...have not filed their financial disclosure forms. Hostettler continues to attack, while still refusing to obey the law and be transparent with the public about his personal finances.  Maybe today?

Please see article below.  Since going to press both Don Bates and Richard Behney have filed and there is still no record of John Hostettler having filed that I can find or see on the FEC site:

http://www.journalgazette.net/article/20100429/NEWS03/304299950/1066/NEWS03

Coats belatedly lists financial holdings

Dan Coats was a millionaire on paper when he left Congress in 1998, and he became a multimillionaire during the 12 years he lobbied and served in the diplomatic corps, according to a report he filed as part of a requirement to be a candidate for the GOP Senate nomination.

In the past 16 months, Coats earned $821,000 in salary from King & Spalding, a Washington-based lobbying firm. Last year, he was paid $100,000 in consulting fees from Cerberus Capital Management’s Germany division to help set up deals with German companies. Coats was ambassador to Germany for four years during the George W. Bush administration.

He also was paid $75,778 in director fees and $15,000 to $50,000 worth of stock options from NanoInk Inc, a technology company; and $32,500 in director fees and $50,000 to $100,000 in stock options from Allison Transmission Inc. of Indianapolis. Coats resigned from the boards of both companies when he announced he would run for the GOP Senate nomination. He was paid $10,000 as a consultant to the non-profit Bipartisan Policy Center in Washington.

According to an accounting of his personal wealth that he filed with the Senate on Wednesday, Coats and his wife, Marsha, reported that in 2009 and through this week, their assets in stocks, cash accounts, real estate and other holdings were worth $2.5 million to nearly $6 million.

At the end of 1997, Coats reported he had stocks, mutual funds, bank accounts and other assets worth between $1 million and $2.4 million and earned interest, dividends and capital gains between $59,000 and $203,000. In today’s dollars, those assets would be worth $1.4 million to $3.2 million. The net worth does not include any houses the Coatses owned.

Members of Congress and congressional candidates are required to report their assets, income sources, non-mortgage debts and positions they hold outside the government. Coats has come under fire from Democrats and fellow GOP Senate contender Marlin Stutzman for missing an April 4 deadline.
Stutzman and the Democratic Party have suggested that the reports would give voters some information about Coats’ lobbying ties.

“We all know Dan Coats made money as a Washington, D.C., lobbyist; that is within his rights to do so,” Stutzman said earlier Wednesday. “Covering up who he lobbied for, and where the money he is now spending on his campaign came from, is not within his rights or within the law. At this point we are only left to believe that Dan Coats is wholly owned by Washington special interests.”

Coats’ most recent lobbying clients – he left the lobbying firm King & Spalding shortly after announcing his candidacy in February – were publicly reported last week.

Three other candidates – John Hostettler, Don Bates Jr. and Richard Behney – have not yet filed their reports.(ED. NOTE - BATES AND BEHNEY HAVE NOW FILED)
The Coatses’ stock holdings include investments in Fort Wayne-based WaterFurnace Renewable Energy; Regal Beloit United Technologies; Suntrust Bank in Atlanta; Schlumberger; Procter & Gamble; Pepsico; Coca-Cola; Medtronics; Johnson & Johnson; Frontier Communications; Exxon Mobil; Chesapeake Energy; Caterpillar; Marathon Oil; Aflac; Stryker Corp.; Dodge & Cox International Fund; Oil Service Holders; 3M; ATT; and Bank of America. 

Dan and Marsha Coats also reported they hold the mortgages for houses for their three adult children. The mortgages are worth $515,000 to $2.5 million. Marsha Coats owns a radio station in Berlin.

Article credit:
sylviasmith@jg.net
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