Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

trailmonkee

(2,681 posts)
Thu Sep 6, 2012, 02:37 PM Sep 2012

Someone Asked A Really Good Question: What's Romney Going To Do For Wall Street Anyway?

http://www.businessinsider.com/what-will-mitt-romney-do-for-wall-street-2012-9

Wall Streeters have been plunking down their money right and left to elect Mitt Romney. We know it's because they think another four years of Obama will hurt them.

But Fortune just asked a question that got us thinking — How will a Romney presidency alternatively help Wall Street?

Stick with us here, because Fortune makes a couple interesting points on this:

-On the subject of carried interest, he's said that he's in favor of reviewing the rate and possibly upping it from 15% to the normal 35%.

-All he's said about Dodd-Frank is that he'd work to repeal it (which a lot of lawmakers think is unlikely) and replace it with something "more sensible." It should be noted that we don't know what that "more sensible" thing is.

-In terms of paying down the debt and stabilizing financial markets, we're still not sure he's going to do that while balancing the budget, keeping military spending where it is, and making Bush era tax cuts permanent. (That is, unless we start growing like pre-recession China, Fortune says.)

So yeah, this is actually a good question.

Check out the full article over at Fortune>
http://finance.fortune.cnn.com/2012/09/06/wall-street-romney/


Read more: http://www.businessinsider.com/what-will-mitt-romney-do-for-wall-street-2012-9#ixzz25iSki9UD
2 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Someone Asked A Really Good Question: What's Romney Going To Do For Wall Street Anyway? (Original Post) trailmonkee Sep 2012 OP
Deregulation & non-enforcement. Jackpine Radical Sep 2012 #1
A better question.. EC Sep 2012 #2

EC

(12,287 posts)
2. A better question..
Thu Sep 6, 2012, 03:55 PM
Sep 2012

When he's in these campaign money raising events with his 1% Wall Streeters (which by the way a private - not open to the press and many times secret), what is it he's PROMISING THEM?

Latest Discussions»General Discussion»Someone Asked A Really Go...