(Community Matters) No surprise Wall Street is lavishing its support on Romney and Perry. Pres Obama passed the most aggressive financial regulatory reform he could get through Congress and the Republicans want to reverse even that. NYTimes article - Romney Beating Obama in a Fight for Wall St. Cash
There are some (too few) enlightened Wall Street players who get that a strong middle class, more fair taxes, and a strong regulatory system are not only in the best interests of the 99% but of the 1% too.
Pres Obama hasn’t been winning friends on Wall Street by passing & enforcing financial regulatory reform – a lot more is needed: 1) a constitutional amendment rolling back S Ct Citizens United decision, and 2) more aggressive regulatory reform will real penalties. I don’t know if as far as reestablishing Glass Stegall but the current situation & level of influence is intolerable.
(Community Matters) Friedman on Emanuel in Chicago – A Progressive in the Age of Austerity
I’d like it even more if Cut, Pay & Invest
Reminds me of Warren Buffett’s story: A genie is talking to twins in the womb. Tells them they’ll each be bright, beautiful and rich beyond their wildest dreams. Only issue is, one will be born in the US & must pay 70% taxes while the other will pay no taxes & be born in Bangladesh. Guess where they both want to be born.
Wealthy Americans will pay a premium for US services – stability of markets, access to capital, rule of law, roads, healthcare and other services. Talk that modestly higher, marginal taxes will stifle job creation is total bullshit.
(Community Matters) Amy & Steve Younkman hosted the out of town brunch for Sandi & Bob’s wedding. Steven and I noticed a lemonade stand while driving over, so of course had to enlist the kids in walking over.
(Community Matters) After being married at the Tiger’s Nest in Bhutan, Sandi Aitken and Bob Tomlinson (now Sandi & Bob Tomlinson, aka Aunt Sandi & Uncle Bob) had a civil ceremony & larger wedding reception last night at the Vista on Seward Hill.
Great evening since so many of our cousins, Steven’s parents, uncles and extended family were there – yet still intimate. Off to a brunch this am.