The endorsement today of U.S. Sen. Lamar Alexander's re-election by the Memphis Commercial-Appeal is puzzling.
Alexander has no meaningful record of accomplishment from his six years in the U.S. Senate. And on the issue of this generation -- the decline of the financial markets -- Alexander was silent, damningly so.
A letter issued in 2006 by 16 GOP senators asked for more regulatory restrictions and oversight on home lending by Fannie Mae and Freddie Mac. It did not include Alexander's signature.
And Tennessee Sen. Bill Frist as Senate Majority Leader failed to respond to this letter to him. The federal government ended up bailing out both private entities with $200 billion in taxpayer money earlier this year. And Wall Street firms that bought up these loans have been bailed out with $750 billion of your money.
The Tennessee former state governor has made a fortune through public service. He is the 22nd most wealthy member of Congress. He voted for the federal bailout of Wall Street fatcats to first protect his buddies and his stock portfolio, not the people of Tennessee.
Alexander deserved no endorsement. The newspaper at the least should not have endorsed him in the Senate race, as it did today with the Congressional District 7 race that features "Congressman" Marsha Blackburn. The newspaper made no endorsement.
Newspapers have moved further from the needs and issues of the people and closer to those of more powerful and wealthy such as Alexander.
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