Congressman Charles Boustany must have expected his recent vote for a $700 billion financial sector bailout would be one of the issues brought up in last night’s debate. However, he probably didn’t anticipate it being the sole issue. On question after question — whether it be on health care, education or coastal erosion — his opponents, Democratic state Sen. Don Cravins and U.S. Constitution Party candidate Peter Vidrine, repeatedly circled back to the bailout bill to point out that $700 billion could go a long way toward solving the state’s other problems. Vidrine was especially passionate in his condemnation of the bailout bill, labeling it “communism for the rich” and repeatedly calling it “a disgrace.” For his part, Cravins noted the stock market’s sizeable drop yesterday in alleging that the bailout bill has done nothing but benefit wealthy Wall Street brokers.
Boustany’s first opportunity to defend his vote came after an audience member asked a question to Peter Vidrine about the bailout bill. Moderator Hoyt Harris then turned to each of the other two candidates to allow them a 45 second rebuttal. “Great, 45 seconds,” Boustany said, clearly overwhelmed with how to condense his answer on such a complex subject. At the end of the debate, Boustany had more time when he was asked directly about the baiout by Vidrine. “I was hearing from folks all over southwest Louisiana, bankers and others, who were very concerned,” Boustany said. He also noted that "some of these investment bankding houses are going to be in some serious trouble and they need to be prosecuted to the fullest extent of the law. Citing the national credit failure, Boustany tried to hammer home how the crisis would trickle down to affect working and middle class families. “Student loans,” he said, “there are no student loans out there. No funding for bridge projects. What are you going to do? This is a very serious threat to the economy. Congress had the authority to act and it should act.”
Frank’s Casing Crew, now doing business as Frank’s International, will make its final appearance on ABiz’s list of the Top 50 Privately Held Companies in Acadiana this year, and once again, it will likely be at the top with more than $1 billion in annual revenues. The 75-year-old company specializing in tubular fabrication and installation services to the oil and gas industry plans to go public this year.
The defeat, or rather highjacking of House Bill 420 in the final days of this year's Legislative Session, say Reps. Vincent Pierre and Terry Landry, is the result of the propaganda spread by one unidentified local media outlet and an unnamed former state Representative, but nothing to do with the original legislation's lack of checks, balances or details.
He’s a singer. A songwriter. A piano man. A family man. He’s even got his own Wikipedia entry. He’s David Egan. And he knows ancient secrets about the monolithic stones of Stonehenge that he’s not willing to share.