Steve’s press conference on Obamacare today.
Lonegan focuses on economy in forum at Rider
By Andrew Seidman, Inquirer Staff Writer
Posted: September 26, 2013
LAWRENCEVILLE, N.J. For almost four months, Republican Steve Lonegan has relentlessly attacked Newark Mayor Cory Booker on any number of issues: his record on crime, his support of President Obama’s health-care overhaul, his position on U.S. involvement in Syria.
Striking a different tone Tuesday night at a forum hosted by the Rebovich Institute for New Jersey Politics at Rider University, Lonegan mentioned his Democratic rival’s name just once and discussed Obamacare only when asked about it.
Instead, in front of an audience of mostly college students, he spoke mainly about the economy and the threat he said it posed to America’s youth. And for one of the first times in the U.S. Senate race in New Jersey, Lonegan spoke in deeply personal terms about his life as a blind man who was “destined for a life in the entitlement state” but instead built a successful business and become mayor of Bogota, Bergen County.
Lonegan blasted the Federal Reserve for its policies that are keeping interest rates low, a move he criticized as “the biggest problem we’re facing right now.”
“This government is printing $85 billion a month in new cash to sustain an economy that is only sustained by the fact we’re printing cash out of nowhere,” he said. “The value of the dollar as we know it is being destroyed.”
He called the Fed’s policies an “all-out assault on the libertarian, conservative values on which this nation was built.”
