Skip to comments.Flashback: Candidate Scott Brown: Financial Regulation will "stagnate" the economy!
Posted on 07/18/2010 8:08:07 AM PDT by nhwingut
All three candidates disagreed on the bonuses handed out to high-ranking employees at Wall Street banks that received government bailouts.
Coakley said the problem is the bailout money was given to the banks without attaching conditions on how it could be spent. She said as attorney general she has gone after banks like Goldman Sachs for predatory lending.
Brown said the banks that have paid back their bailout money have "every right" to give out bonuses. He said further regulations on Wall Street would "stagnate" the economy.
Brown continually attacked Coakley on taxes and government spending. He claimed she supports $2.1 billion in new taxes, a figure she disputed.
(Excerpt) Read more at thesunchronicle.com ...
He was also against another stimulus and then immediately voted for the $15 billion “jobs bill” (mini stimulus).
Q: Is another government stimulus plan a good idea?
A: I don’t think so. We are leaving a legacy, amassing amazing amounts of debt, passing it on to our kids and grand-kids, and at some point we are just going to be top heavy.
Source: WBUR interview on 2009 MA Senate primary debate Sep 14, 2009
Dems taught Brown how to love the left. A few french kisses from the president and he was happily wearing kneepads.
Those of us who supported and voted for Brown are very, very disappointed. He’s gone in 2012.
He needs to hear from all those out there that helped him during his campaign. Traitor is an applicable label, IMO.
"I don't care if you call it a tax. I don't care if you call it a fee. It's still money out of the taxpayer's pocket," he said.
So maybe this Joe guy knew what he was talking about after all. I never thought Scott Brown was going to be a social conservative, but I did hear him say once or twice he was going to be committed to fiscal conservatism. Supporting finreg is not an example of fiscal conservatism.
Dick Bove was on CNBC last week and he said the finreg was going to cause about 10M people to lose their bank accounts in the next 12 months. All the new fees will just make it too expensive for customers and banks -- they will shed small accounts.
Jaime Dimon, of JPMORGANCHASE, shrugged off the finreg rules by saying all the fees would be rejuggled and priced into the cost to the consumer of banking. He said something like, "If you own a restaurant and the government tells you you have to offer free soda, you charge more for the hamburger."
Scott Brown laid an egg on this one. This has nothing to do with whether or not he was the magnificient "conservative" that some trumped him up to be after his election. It has to do with the fact that he either does not understand fiscal conservativism and the economic realities of the bill he just voted for or he was not truthful in how he presented himself as a fiscal conservative.
I apologize I don't have links handy for the above quotes. I will try to look for them if needed. Thanks.
I'll tell you, if that actually happens, we'll see the GOP start putting up more conservatives. Brown was simply the best of a bad lot, but if he's gone in the 2012 primary things will change. Let's hope a real conservative challenges him.
I’m STILL sorry I voted for the sumbitch.
“I will be the 41st vote; not the 60th vote.” =.=
Scott Brown: He’s not Martha Coakley.
He’s just Martha right now.
Give him a couple more months to complete the morph.
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