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In speech to NH lawmakers, Perry ramps up anti-Wall Street rhetoric
The Daily Caller ^ | November 30, 2011 | Christopher Bedford

Posted on 11/30/2011 10:19:53 AM PST by Cincinatus' Wife

Concord, NH — In a speech to New Hampshire legislators Wednesday morning, GOP presidential candidate and Texas Gov. Rick Perry took a hard line on Wall Street, reaping thunderous applause from Republican representatives, near silence from the Democratic minority and a clamorous mixture of boos and cheers from an activist-filled gallery.

“We must no more tolerate an America in which Main Street is allowed to crumble while Wall Street financiers and beltway profiteers bill the taxpayers,” Perry declared.

“What is wrong in this country can be diagramed on a map,” Perry continued, “with one straight line connecting two dots: Washington, D.C. and Wall Street.

“Wall Street high rollers hatched get-rich schemes while they profited from betting against America,” he fumed. “And when the market crashed, those on Wall Street, they saw it coming and they made millions. Those that didn’t see it coming, they got the bailouts.”

“We shouldn’t be rewarding taxpayer funded bonuses to Wall Street executives who defrauded those very same taxpayers. We ought to be locking them up!” Perry insisted.

With a call for no more bailouts, a balanced budget amendment to the U.S. Constitution and a part-time citizen legislature, Perry concluded by asking the New Hampshire legislature for its support in his presidential run.

The Republican-majority state legislature is debating a vote on Wednesday to override Democratic governor John Lynch’s veto of a right-to-work law. The outdoor public square, along with indoor halls, stairs and galleries of the State House are filled with right-to-work activists and the unions who support sustaining the governor’s veto.


TOPICS: Business/Economy; Government; Politics
KEYWORDS: economy; jobs; perry2012; righttowork

1 posted on 11/30/2011 10:19:57 AM PST by Cincinatus' Wife
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To: All; shield
Betting on Rick Perry - a winner in a GOP year, with no need in the world to win liberal approval ………..”IT WILL BE THE JOBS ISSUE—and Texas’s record in creating them—that will define Rick Perry’s presidential run. Since he became governor in 2001, the U.S. as a whole has had a net loss of private-sector jobs, while Texas—which has only 8 percent of the nation’s population—has had a net gain of 825,000 jobs.

Richard Fisher, president of the Dallas Federal Reserve Board, told me that if you look at the number of jobs created since the recession technically ended in June 2009, Texas has accounted for 48 percent of net new jobs created in the U.S.

Fisher also disparages claims that the jobs are all low-paying jobs at McDonald’s or Walmart, paying the minimum wage, or that they were primarily caused by the oil and natural gas boom. According to Tom Pauken of the Texas Work Force Commission, the annual median wage in Texas in 2010 for all occupations was $31,500 a year, only 7 percent below the national average. That difference is easily explained by the fact that Texas has a younger workforce than most states and a higher percentage of workers in lower-pay agriculture jobs near the border with Mexico. [ CW: Cost of living in Texas is lower than many other states; Texas has no state income tax; Texas is a right to work state.]

As for where the job growth has been, three sectors of the economy have grown faster than the energy sector, which alone added 40,500 net new jobs in 2010. Last year, Texas added 57,900 new jobs in trade, transportation, and utilities; a total of 53,400 jobs in professional and business services; and 44,900 net new jobs in the hospitality industry.

For each of the past seven years, CEOs polled by “Chief Executive” magazine have rated Texas first in the nation for economic development climate and job growth. What is the secret of Texas’s success? Rick Perry isn’t shy about his answer. “It’s all about four points,” he told me. “First, don’t spend all the money. Keep the taxes low and under control. Have regulations that are fair and predictable so business owners know what to expect from one quarter to the next. And reform the legal system so that frivolous lawsuits don’t paralyze employers who are trying to create real wealth.”

If there is on issue which Perry has made a personal crusade, it is lawsuit reform. Working with the legislature, he has helped pass curbs on frivolous lawsuits, implemented a first-in-the-nation system under which loser pays all court costs in many lawsuits, and reformed medical malpractice law.

Dick Weekley, the co-founder of Texans for Lawsuit Reform, says Perry showed genuine political courage in resisting calls for watered-down reforms that wouldn’t have addressed the core problem. He recalls that in 2002 Perry vetoed a bill strongly supported by doctors that would have required them to prompt payment from health maintenance organizations. In the eyes of the tort reform advocates, the bill was a Trojan Horse compromise negotiated between doctors and trial lawyers. “There was a huge response from physicians [against the veto],” Kim Ross, the former top lobbyist for the Texas Medical Association, said. TMA went so far as to endorse Tony Sanchez, Perry’s millionaire Democratic opponent in the 2002 election. “Perry sent a signal that he wanted real reform and would stand his ground,” Weekley told me. “Soon the medical lobbyists playing footsie with the trial lawyers were gone and the obstacles to real reform started falling.”………………..

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AND now the TMA is endorsing Gov. Rick Perry. They understand now what he was doing would HELP them.

...."The Texas Medical Association’s political action committee recently endorsed him for president, and its members are helping him raise money and make connections with medical groups in other states.".... source

2 posted on 11/30/2011 10:20:39 AM PST by Cincinatus' Wife
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To: Cincinatus' Wife; RoosterRedux; jonrick46; deepbluesea; RockinRight; TexMom7; potlatch; ...
Perry Ping....

IF you'd rather NOT be pinged FReepmail me.

IF you'd like to be added FReepmail me. Thanks.

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3 posted on 11/30/2011 10:29:47 AM PST by shield (Rev 2:9 Woe unto those who say they are Judahites and are not, but are of the syna GOG ue of Satan.)
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