WASHINGTON – While families and small businesses struggle with lagging job creation in New Hampshire, Democrat Senate hopeful and incumbent Congressman Paul Hodes (D-NH) was listed as a recipient of a swanky campaign fundraiser with liberal trial lawyers who met during their convention in Vancouver, Canada yesterday.
Thus far Hodes has not disclosed whether he traveled to Canada himself or if he instead employed one of his Democrat party bosses – such as U.S. Senate Majority Leader Harry Reid (D-NV), who made the trip – to pick up his campaign cash and bring it back to America.
In either case, the main event of Hodes’ foreign fundraising weekend appears to have been a ritzy reception of the “Committee for a Better Future,” a joint venture of the Democrat Party establishment and the Washington, DC-based trial lawyers’ lobbying association, both of which have been under heavy fire in the United States for their out-of-control job-killing agendas. A new study released just last week by the U.S. Chamber Institute for Legal Reform (ILR) shows that small businesses – which have created 64 percent of all net new jobs in the United States over the past 15 years – shoulder a tremendous burden of the nation’s tort liability costs.
“Paul Hodes owes Granite State voters a straight answer: Did he travel to Canada yesterday to raise money from the trial lawyers, or did he send his bag man Harry Reid to collect his share instead? And how does he square any of this with his recent rhetoric attacking the ‘special interests?’” asked National Republican Senatorial Committee (NRSC) spokeswoman Amber Marchand.
“Since coming to Congress, Paul Hodes has rubberstamped Nancy Pelosi and President Obama’s reckless spending policies and job-killing proposals, so it’s no surprise the trial lawyers want to keep him in their pockets,” Marchand continued. “Whether he traveled to Canada himself or sent Harry Reid to do his bidding, it’s clear that Paul Hodes is out-of-touch with mainstream New Hampshire voters, who will elect the Republican to the U.S. Senate in November.”
Hodes: “New Hampshire Can Choose A Senator Who Cares About The People Or Who Cares About Special Interests.” (Shira Schoenberg, “Hodes, Binnie File For Senate Race,” The Concord [NH] Monitor, 6/8/10)
Less Than A Month Ago, Hodes Claimed That He Was Supporting New Legislation In Order To “End The Influence That Corporate And Foreign Special Interests Have In American Elections.” “Today, Paul Hodes fought to end the influence that corporate and foreign special interests have in American elections by supporting the DISCLOSE Act.” (Representative Paul Hodes, “Hodes Fights To Crack Down ON Corporate Spending In U.S. Elections.” Press Release, 6/24/10)
According To The U.S. Chamber Institute For Legal Reform, Small Businesses Bore 81 Percent Of Business Tort Liability Costs In 2008, And Lawsuits Cost Them $105.4 Billion. “Small businesses are the engine of job growth in this country. They have generated 64 percent of the net new jobs over the past 15 years. Particularly at a time when unemployment rates are high, it is important to understand the burdens small businesses bear, with the objective of creating an environment in which small businesses will thrive. To this end, the U.S. Chamber Institute for Legal Reform has commissioned a study of the tort liability costs of small businesses from NERA Economic Consulting (NERA). Their findings are as follows:
· The tort liability price tag for small businesses in America in 2008 was $105.4 billion.
· Small businesses bore 81% of business tort liability costs but took in only 22% of revenue.
· Small businesses paid $35.6 billion of their tort costs out of pocket as opposed to through insurance.” (U.S. Chamber Institute For Legal Reform, “Tort Liability Costs For Small Business,” July 2010)