posted on Sep, 10 2011 @ 09:54 AM
I was wondering why Fox News and The Wall Street Journal seem to favor Perry and go against Romney. Romney's a businessman and you would think a
place like the Wall Strret Journal or Fox News would be behind him.
It's a simple reason. PERRY IS DUMB.
I know that sounds elitist but it's the truth. It's why they liked Bush. Perry doesn't give you any data or projections he just goes on a gut
feeling. When he said States should be able to opt out of Social Security, he didn't give any projections or data on how much money this could save
or how much the transition would cost, in his gut he just knows Social Security and Medicare are failures. When Perry was asked about Global Warming
and to name a scientist that helped shape his views, he couldn't name one. It's a gut feeling not about any stinking facts or data.
This brings us to Wall Street. They don't want a guy like Romney because Romney understands the risk involved with different financial instruments
and will cap or regulate them. Perry will not just like Bush.
With the Housing Bubble, Wall Street came to Bush and said these programs will put Americans in more homes and grow the economy. Bush didn't
understand the risk involved with things like credit default swaps, he just went out and sold the program.Listen to what Romney said recently.
“I’d like to repeal Dodd Frank, recognizing that some revisions make sense,” Romney said.
In July, Romney was unable to name specific parts of the bill that he liked or disliked. When asked, he said only, “It’s 2,000 pages. I’m sure
there’s something in there that’s good…I’d be happy to take a look at it perhaps line by line at some point and lay out the provisions that I
think are unfortunate.’’
Today, he was more specific. Romney said he believes it does make sense to regulate derivatives. He said it also makes sense to have different capital
requirements if someone is holding a home mortgage compared to someone holding high-risk securities. “Some features have to be addressed,” he
This is the key:
Romney said he believes it does make sense to regulate derivatives.
Wall Street doesn't want to hear that. Perry will not regulate derivatives because I doubt he understands the risk.
WASHINGTON -- Texas Governor Rick Perry's ties to Swiss banking giant UBS go beyond his relationship with former Sen. Phil Gramm (R-Texas).
Perry's current chief of staff and top press person for his campaign, Ray Sullivan, spent five years as a lobbyist for UBS in Texas -- a tenure that
began the same year Gramm made his macabre pitch for Perry to enable Wall Street gambling on the deaths of Texas teachers.
Sullivan started working for UBS in May 2003. That November, Perry aggressively pushed the Texas teacher pension fund and state teacher associations
to sign off on a UBS plan to take out life insurance policies and annuities on retired Texas teachers -- an elaborate scheme in which the state of
Texas would serve as a something of a bookie, setting up Wall Street bets on how long those teachers would live.
Wall Street knows they can bring anything to Rick Perry if they just couch it in a way that will appeal to his ideology. If they bring the same
financial instruments to Romney, he's going to want to see the data and the risk involved.
I'm a financial conservative but I think Wall Street multinationals and these risky financial instruments need to be regulated and capped based on
risk. The same reasons I was against Bush when he entered the Presidential race is the same reason I'm against Rick Perry. Perry will be worse than
Bush because he's probably dumber than Bush.
Most politicians are not smart. They're idealogues who can be manipulated easily. This is EXTREMELY TROUBLING when it comes to Wall Street
multinational banks and there risky financial schemes.