Doheny responds to "Four Islands"

Ran out of time to post this yesterday. Here's Matt Doheny's response to the advertisement Bill Owens released yesterday:

Democrat Bill Owens sows the divisive seeds of class envy in his new ad, which is riddled with unsubstantiated claims that distort Matt Doheny’s record as a protector of American jobs.

“I’m proud of my work in the private sector, turning around troubled companies and helping to protect and create tens of thousands of good American jobs,” said Doheny. “I left college with $150,000 in outstanding loans. But through hard work and determination, I’ve achieved the American dream. Now I want to provide that same opportunity for people in the north country, Adirondacks and capital region.”

“I’d never fault Bill Owens for being worth more than a million dollars. His law firm was willing to pay him that money. That’s America,” said Doheny. “My opponent, however, vilifies success. He wants to pit people against each other and breed contempt for people like me who worked hard to make it on their own.”

“I’m extremely disappointed in my opponent. He’d rather resort to lying about me than to tell the people of this district what he can do to improve their lives,” said Doheny.

Here are the facts:

Matt Doheny worked his way from the bottom of Deutsche Bank to the top, ending his eight-year career as the Fortune 500 company’s manager of distressed assets. He oversaw 130 employees and helped in the restructuring of several troubled companies, including Adelphia in 2004. Following the work of Doheny and others, Time Warner Cable and Comcast bought their former competitor and about 13,000 of Adelphia’s former employees started working for those companies. Doheny had no direct role in any Adelphia decision to fire workers or cut benefits.

Secondly, Matt Doheny has paid at or near the 35 percent maximum tax rate on his federal income taxes over the past five years. He had no ownership in Fintech and had zero input in the decision on where to incorporate the company.

Finally, Matt Doheny purchased island properties in the St. Lawrence River near his hometown of Alexandria Bay long before he ever decided to run for Congress.

“My opponent has been peddling these same lies for two years,” said Doheny. “Independent fact-checkers have called his claims misleading or outright wrong, but he continues to repeat them to distract voters from his terrible record of standing up for upstate jobs as Congressman.”