This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Candidates Bash Stimulus, Campaign At Companies

Liberal attack groups, expected to play a significant role as the presidential contest goes forward, will ensure such questions are not lost on voters.

"Nothing raises the hypocrisy meter faster than the Republican presidential candidates talking about the economic recovery act. They love to pander to their base by demonizing the bill, yet they are all too eager to seek funding for projects in their district, to use federal dollars to balance their state's budget, or to hold campaign events at successful companies who received stimulus funding," said Ty Matsdorf, spokesman for the independent political group American Bridge, recently established to help Democrats.

Some campaigns and companies involved defend appearances with stimulus beneficiaries as coincidences in states where hundreds of businesses and institutions accepted federal assistance over the last two years. Indeed, entities in the early voting states of New Hampshire, Iowa and South Carolina received a combined $8 billion from the 2009 package to date.

"There was a tremendous amount of money that went to all sectors. It would be very hard for a Mitt Romney, or a presidential candidate from any party, to go to any manufacturer and find someone who was not directly, or indirectly, affected somehow," said Steven Cohen, president of Ohio-based Screen Machine Industries, which hosted a Romney event in July and received stimulus contracts worth nearly $220,000.

"I think it would be irresponsible for an American manufacturer not to go after their fair share," Cohen told The Associated Press this week. "The question is whether it was a wise investment. That's for someone else to answer."

The stimulus package created or saved as many as 3.3 million jobs and reduced the nation's unemployment rate by as much as 1.8 points, according to updated estimates provided by the Congressional Budget Office in late August.

The campaigns say local companies shouldn't be penalized simply because they took advantage of the federal program.

3 of 4

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,098.45 +18.88 0.11%
S&P 500 2,003.37 +6.63 0.33%
NASDAQ 4,580.2710 +22.5760 0.50%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs