This is two part subject. First is why all the love from the liberal MSM towards Huntsman? Has anyone else noticed this? He is one of the most conservative of the candidates.
Sencondly, and my main reason for the post is his Financial Regulatory Reform
http://www.jon2012.com/index.php/iss...nancial-reform
I agree with all of this. He hasn't answered any questions about the details for any of this yet. I like the fact that he is going after the unsexy issues. Maybe he will bring up fixing our power grid too.Key Priorities:
End Too-Big-To-Fail: To protect taxpayers from future bailouts and stabilize America's economic foundation, Jon Huntsman will end too-big-to-fail. Today we can already begin to see the outlines of the next financial crisis and bailouts. More than three years after the crisis and the accompanying bailouts, the six largest U.S. financial ins utions are significantly bigger than they were before the crisis, having been encouraged by regulators to snap up Bear Stearns and other compe ors at bargain prices.
Maximize Derivatives Transparency: An opaque derivatives market was one reason for the systemic impact of the subprime mortgage crisis. Greater transparency will permit greater overLuck_The_Fakers_sight by both market participants and regulators, and will also allow end-users to negotiate better terms with Wall Street and in turn lower trading costs.
Repeal Dodd-Frank: Governor Huntsman believes that Dodd-Frank was an inappropriate regulatory response to the Panic of 2008. The legislation, signed into law by President Obama in summer 2010, ignored the government’s pervasive role in causing the crisis, assures future transfers from taxpayers to bankers by ins utionalizing a government backstop for too-big-to-fail firms, and imposes massive new regulations and unreasonable compliance costs on smaller financial firms.
End Wall Street's Reliance On Excessive Short-Term Leverage: The mismatch in maturities was at the core of much of the Panic of 2008, and it cannot be sustained. As president, Jon Huntsman will also implement tax reform that includes eliminating the deduction for interest payments that gives a preference to debt over equity, thus ending subsidies for excess leverage.
Fix Basel: Governor Huntsman believes that risk needs to be acknowledged and managed properly. The Basel III Accord primes the pump for the next financial crisis by putting its thumb on the scale of sovereign debt, making it less expensive for banks to invest in those instruments without making a realistic risk assessment.
Ensure a Stable Dollar Policy: Jon Huntsman supports a strong and stable dollar. As president, he will appoint Federal Reserve Board Governors and a Chairman who believe in sound money. The United States cannot devalue our way to prosperity and efforts to do so risk a “beggar thy neighbor” round of devaluations, which will ultimately harm American exporters and risk the dollar’s privileged position as the primary global reserve currency.
Shut Down Fannie Mae and Freddie Mac: As president, Jon Huntsman will dismantle Fannie Mae and Freddie Mac. Eliminating the GSEs should not be controversial. At its heart, the Panic of 2008 was a crisis born of crony capitalism. It is unconscionable that five years after the start of the housing crisis, these companies have not seen a serious reform proposal and most of their executives are still in power.
Restore the Rule Of Law: President Huntsman’s administration will direct the Department of Justice to take the lead in investigating and brokering an agreement to resolve the widespread legal abuses such as the robo-signing scandal that unfolded in the aftermath of the housing bubble.
European Sovereign Debt Crisis: The recent failure of MF Global illustrates the danger that the unfolding sovereign debt crisis poses for domestic financial markets. The world works better when the United States leads and as president, Jon Huntsman will be supportive of a European-led global response to the ongoing crisis; the pell-mell response to date has created additional uncertainty, worsening the crisis.
Seems like a lot of conservative bloggers have "noticed" it.
Google search
Never would have occurred to me that he was somehow being peddled by the media. I honestly haven't heard much about him through all of the Bachmann/Perry/Cain/Palin crap. Glad you posted the rest, he sounds pretty reasonable. No wonder conservative bloggers hate him.
Probably because almost all of this is pretty moderate and reasonable. Anywhere where he does sway "farther to the right" like repeal of dodd frank, he sways right back to the left with dismantling TBTF.
Edit: I removed part of this post because I don't want to make it a red v blue, but stick to the OP.
Last edited by Drachen; 11-29-2011 at 05:23 PM.
in the non-bizarro universe, Jon Huntsman is a real candidate.
here, we get more clown car
Getting rid of TBTF and GSEs is pretty extreme right. I love it! Promise to not raise taxes and to cut Medicare and medicaid. Also it almost sounds like a monetarist policy for the fed reserve.
I usually watch morning joe while getting ready for work and notice his whole crew on that show are always following mika's lead and praising Huntsman. It automatically had me assuming he is a moderate. When I looked into him, i noticed two things: he has probably the most conservative record; and he is praised alot by most of the MSM. Very odd because they don't agree with one of his policies. He is pretty pro-life too.
Maybe the MSM isn't as liberal as you've been led to believe?
"Getting rid of TBTF ... is pretty extreme right"
No, it's not, AT ALL. the Repugs will protect the financial sector, TBTFs, insurance companies, etc to the death. eg, see how they gutted CFPA and killed Warren and even the next nominee after Warren.
The fundamental strategy of the conservatives has been achieved, the total financialialization of the economy, with financial sector controlling.
All of the stuff in the OP is reasonable and, for the most part, cons utes more regulation of the banking industry, just a different approach than Dodd Frank.
His proposal to eliminate the capital gains tax and his support of the bull repatriation of corporate profits are two issues on which I disagree.
Huntsman is too adult and reasonable for the ideological sociopaths controlling the Repug politicians and tea baggers.
That doesn't make any sense.
from the top: the M$M has been touting who?
Last edited by Winehole23; 11-29-2011 at 05:52 PM. Reason: hypercorrection; can't keep it straight anymore
Unlike grown ups like Jon Edwards, HRodhamC, BHO, Kucinich, Chris Dodd and Joe Biden?
Huntsman has as much chance to be nominee as Kucinich, and for the same reasons, too reasonable.
There's nothing in the Dem party now that is anywhere near as extreme as the Repugs and tea baggers.
It's probably a difficult idea to wrap your head around after a steady 10-year diet of Ann Coulter columns but the possibility does exist that the mainstream media is not, and was never, a liberal propaganda machine.
(*cough* mockingbird *cough*)
When both sides are claiming bias by the media that bodes well overall. Its akin to neither side in a deal being happy with the outcome.
Last edited by spursncowboys; 11-29-2011 at 05:59 PM.
I don't want to do the old argument of if the msm is liberal or not. I know for a fact that mika doesn't agree with any conservative notion since she has openly said as much on the show. but for some reason she almost campaigns for the guy. i was just something i thought was odd.
LOL, nevermind.
post removed since the post I was replying to was removed.
I really like this. I see this the most difficult and easy to forget in times of trouble.Ensure a Stable Dollar Policy: Jon Huntsman supports a strong and stable dollar. As president, he will appoint Federal Reserve Board Governors and a Chairman who believe in sound money. The United States cannot devalue our way to prosperity and efforts to do so risk a “beggar thy neighbor” round of devaluations, which will ultimately harm American exporters and risk the dollar’s privileged position as the primary global reserve currency.
I think WH is a mix of Henry Kissinger and an acid trip. that's a compliment btw.
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