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Wall Street welcomes expected Chuck Schumer promotion
CNN ^ | March 27, 2015 | MJ Lee

Posted on 03/29/2015 6:28:06 AM PDT by amnestynone

Chuck Schumer is set to get a big promotion -- and that's welcome news to Wall Street. The veteran Democratic senator from New York is widely expected to take Senate Minority Leader Harry Reid's job when he retires at the end of 2016. Reid, who announced he would not be running for reelection Friday morning, quickly endorsed his New York colleague for the role. Schumer's ascension to the top Democratic position in the Senate -- and even possibly to Senate majority leader if his party regains control of the chamber -- is a boon for the finance and business communities, which have worked closely with the New York native and enjoyed his support for decades. It also puts an industry ally in charge of the Democratic caucus as the party's economic populists, including Massachusetts Sen. Elizabeth Warren and Ohio

(Excerpt) Read more at cnn.com ...


TOPICS: News/Current Events; Politics/Elections; US: Florida; US: Massachusetts; US: Nevada; US: New Jersey; US: New York; US: Texas; US: Wisconsin
KEYWORDS: 2016election; chrischristie; chuckschumer; cnn; cromnibus; demagogicparty; doddfrank; economics; election2016; elizabethwarren; fauxahontas; florida; harryreid; jebbush; lieawatha; marcorubio; massachusetts; memebuilding; money; nevada; newjersey; newyorkcity; partisanmediashill; partisanmediashills; rudygiuliani; schumer; scottwalker; tedcruz; texas; wallstreetjournal; wisconsin; wsj
This is how Wall Street repayconservatives after we supported every tax cut possibile and championed free enterprise. This along with amnesty has made me completely change my mind on tax cuts for business and very wealth individual. The more we cut their taxes the more left they become. They do not reciprocate for us on our particularly middleclass concerns.
1 posted on 03/29/2015 6:28:06 AM PDT by amnestynone
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To: amnestynone

It seems that they are so enamored of the left because the left is willing to rob, rape and pillage our blood and wealth so that they can be made whole when their schemes and plans fail.

Say......what’s little Timmy Geitner been up to lately?


2 posted on 03/29/2015 6:32:56 AM PDT by Gaffer
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To: amnestynone

The establishment in both parties line up at the trough. It’s govt AND industry, not just industry that’s milking the American cow. Can’t seem to get liberals to understand that.


3 posted on 03/29/2015 6:34:09 AM PDT by virgil (The evil that men do lives after them)
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To: amnestynone

I think you’re confusing Main Street businesses and Wall Street corporations....the wealthy individual who has gotten that way as an entrepreneur is not the same as the Corporate CEO who nuzzles up to gubmint for crony goodies.

Being pro tax cut is not the problem .


4 posted on 03/29/2015 6:38:47 AM PDT by C. Edmund Wright (www.FireKarlRove.com NOW)
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To: Gaffer

And I wonder what became of Jon Corzine. Some people are truly above the law.


5 posted on 03/29/2015 6:40:58 AM PDT by FES0844
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To: C. Edmund Wright
“....the wealthy individual who has gotten that way as an entrepreneur”

You mean like Bill Gates, Jared Polis, Tom wolf, Frank Lautenburg, George Soros and many more started out as entrepreneurs and became wealthy left supporters. Look at Samuel Z Rubin owner of Faberge who sold it for 25 million in 1962 and invested it in a communist foundation. Just look at all the
GOP business men who are supporting making the Dems a majority party by supporting amnesty. Sorry but the more we lowered their taxes the less conservative the conservative became and it proved so easy to become a fashionista socialist if you didn't pay the taxes. They deserve to pay them not because they are rich but because they are destroying this country and stabbing us in the back.

6 posted on 03/29/2015 6:47:33 AM PDT by amnestynone (A big government conservative is just a corporatist who is not paying enough taxes.)
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To: amnestynone

NO - NO - NO - put your wealth envy down just a second, and think.

Gates was at one time the entrepreneur - now he is part of the problem. Soros was never an entrepreneur. But I’m talking about the guy who starts a home building or landscape company and then grows it to be very big and profitable over time....or the guy who opens a restaurant and then ends up with 25 locations....or those who buy distressed real estate, fix it up, and sell it or rent it.....or those who buy a franchise and then expand.

Lautenburg was crony from day one.

If you are anti entrepreneurship - you are anti free enterprise - and thus, anti American. To be anti crony is the opposite -that’s to be pro free enterprise, and thus, pro American.


7 posted on 03/29/2015 7:19:26 AM PDT by C. Edmund Wright (www.FireKarlRove.com NOW)
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To: C. Edmund Wright
The restaurant, home builders and the landscapers are exactly the ones who are supporting amnesty big time and are stabbing us in the back. I am not anti entrepreneurship. But, on the other hand. When government spends money then someone has to pay for it. Since they are receiving government contracts and as such now that they have their tax cuts don't seem to have a problem with government waste and over spending then they are going to have to pay for it. The Dems use crony capitalism to clientize business and they are being successful.

I am not envious of wealth in fact I come from a prosperous family. In fact, my parents left a 7 figure estate. But, when the C of C fights the tea party because they are “working with the Democrats to get things done” then you have to come to some new points of view. It used to be that the GOP was the party of big government until about 1910 or so. By the 1920's they were supports of limited government. What happened to change things? The answer is the federal income tax. When they started paying for big government then they completely changed their stripes. After the Reagan tax cuts came out that seemed to change. I never heard of such a thing as a "big government conservative" until the second Bush administration. I think what happened is that they started getting the idea that they did not have to pay for government and indeed it was a source of income from them. At least the very wealthy conservative thought that. Look at the media if they are so leftist than why on earth shouldn't the people who own the media pay the taxes that they advocate? I know these are all rich liberals who are in control of the media. But, on the other hand why aren't rich conservatives running media. The answer is because they are completely feckless. I think they should pay for being feckless as well.

8 posted on 03/29/2015 7:36:44 AM PDT by amnestynone (A big government conservative is just a corporatist who is not paying enough taxes.)
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To: amnestynone

Corporate America runs the country—both parties included—and shapes public opinion so we will be convinced there is really a difference between them.


9 posted on 03/29/2015 7:47:11 AM PDT by madprof98
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To: amnestynone

you missed my point totally. I’ve no interest to engage you further - certainly did not read that whole post - so I’ll close by saying that your slam was too broad, and that you and I agree on a lot of the problem related to Chamber of Crony Commerce, etc.

Have a nice day.


10 posted on 03/29/2015 8:04:30 AM PDT by C. Edmund Wright (www.FireKarlRove.com NOW)
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To: amnestynone

Oh No , Monotone Chuck will bore us all to death , at least Harry had some life in his voice


11 posted on 03/29/2015 8:06:53 AM PDT by molson209 (Blank)
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To: amnestynone

If you liked Harry Reid, you’ll love Chucky Smucky Schumer. And vice versa.


12 posted on 03/29/2015 8:13:52 AM PDT by Will88
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; cardinal4; ColdOne; ...

This is CNN.


13 posted on 03/29/2015 9:26:47 AM PDT by SunkenCiv (What do we want? REGIME CHANGE! When do we want it? NOW!)
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To: amnestynone

Your description reminds me of the War of the Roses between the families of York and Lancaster!


14 posted on 03/29/2015 6:14:21 PM PDT by afraidfortherepublic
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