wsj: Three former chairmen of the Securities and Exchange Commission will publicly endorse Democratic Sen. Barack Obama's bid for the presidency Wednesday, including one who served under President Bush.
William Donaldson, who was SEC chairman for about 2½ years from early 2003, along with Clinton and Reagan appointees Arthur Levitt and David Ruder, will join former Fed Chairman Paul Volcker in endorsing Sen. Obama, his campaign said. Mr. Volcker endorsed Sen. Obama in January.
In a statement released by the campaign, the four men said they believed Sen. Obama would take a "reasoned approach" to "balanced regulatory reform." As with rival presidential candidates Sens. John McCain and Hillary Clinton, Mr. Obama has advocated revamping financial regulations to head off a repeat of the current credit crisis. Unlike the other two, Sen. Obama has said he would consider raising the capital-gains tax rate from its current 15% -- a move that could have a profound effect on the financial industry.
The endorsements, especially that of Republican appointee Mr. Donaldson, could give a boost to Mr. Obama in the general election this fall. Sen. Obama appears increasingly likely to be confirmed as the Democratic Party's nominee; Sen. McCain is the likely Republican choice.
Mr. Donaldson, a former Wall Street banker, also is a former head of the New York Stock Exchange. In government, Mr. Donaldson's tenure was marked by his push for greater regulation of hedge funds. The SEC eventually passed a hedge-fund-regulation package, in the face of vocal critics. A federal court later overturned the regulation.
In an interview Tuesday, Mr. Donaldson said he was struck by a speech Sen. Obama gave calling for a revamping of regulation for any business that borrows money from the government. Sen. Obama, he said, saw the "need to take a good hard look at how things are organized" and "just exactly what went wrong in terms of the regulatory oversight that we have."
Showing posts with label clinton energy secretary. Show all posts
Showing posts with label clinton energy secretary. Show all posts
Wednesday, May 14, 2008
Four Wall Streeters To Endorse Obama
Wednesday, April 30, 2008
McCain: Nice Little Break for Americans
he's talking about the mccain-hillary gas tax holiday, which has been criticized by many economists. one, it could actually drive up prices even more, two it's part of hillary's "gift basket" politics, three, it makes no sense whatsoever.
hillary is running around posing for cameras at indiana gas stations doing her part to promote the mccain-hillary holiday. her supporters cheer. come on, ladies. it's sad so many women are playing into this first woman president thing at the cost electing the worst candidate. hillary's even running an ad based on the holiday. i guess she's counting on the stupid people vote.
on this issue alone, obama proves once again that he can stand alone and make the right decision, just like his opposition to the iraq war. the clear difference between obama and hillary is that she's lying to her supporters to get them to vote for her. she'll say anything. obama hasn't stooped.
it's too bad that many americans are blind to hillary's shenanigans. do they just not care about the methods she uses to win? but it's clear that this nation needs obama as president. he will be good for the country in so many ways. his grasp of economics is way underestimated. all of his naysayers will be proven wrong.
more opposition to the mccain-hillary holiday:
No Way, No How Can Hillary Win
hillary is running around posing for cameras at indiana gas stations doing her part to promote the mccain-hillary holiday. her supporters cheer. come on, ladies. it's sad so many women are playing into this first woman president thing at the cost electing the worst candidate. hillary's even running an ad based on the holiday. i guess she's counting on the stupid people vote.
on this issue alone, obama proves once again that he can stand alone and make the right decision, just like his opposition to the iraq war. the clear difference between obama and hillary is that she's lying to her supporters to get them to vote for her. she'll say anything. obama hasn't stooped.
it's too bad that many americans are blind to hillary's shenanigans. do they just not care about the methods she uses to win? but it's clear that this nation needs obama as president. he will be good for the country in so many ways. his grasp of economics is way underestimated. all of his naysayers will be proven wrong.
more opposition to the mccain-hillary holiday:
In response to Senator Clinton and Senator McCain's recent calls for a gas tax "holiday," former Clinton Energy Secretary Federico Peña released the following statement today:Gas Tax Holiday Folly
Today we're seeing another example of Washington politics at its worst. Senator Clinton is running TV ads and launching repeated attacks on Barack Obama for not supporting the gas tax holiday she's supporting, but today her own aides told the Washington Post that they know that this is a questionable plan and that they are using it to make it appear they're against big oil. The Clinton gas tax gimmick does little to reduce our dependence on foreign oil and will actually increase oil prices. It is the kind of pandering that insults people's intelligence. With energy prices skyrocketing, we're looking for real solutions—not political posturing to get elected.
No Way, No How Can Hillary Win
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