State of Washington Archives: on Corporations


Gary Johnson: Visited Occupy Wall Street; we need radical surgery

With the real unemployment rate probably well above 10 percent, we have to, as President Kennedy said, "get America moving again." When I visited Occupy Wall Street, I felt the frustration of young people who wanted to work but couldn't get an interview, much less a job. What's even more frustrating is that when I visit business owners and employers, I meet people who want to hire, but can't.

Meanwhile, the federal government is spending us deeper and deeper into debt while we shell out billions in foreign aid we can no longer afford and trillions more for foreign wars in which our national interest is just not apparent to me.

Republicans and Democrats have both failed to respond to this reality. In order to create jobs now, we need radical surgery, not a haircut.

Source: Gary Johnson, "America moving again" in The Washington Times Feb 2, 2012

Jim Gilmore: Washington “asleep at the switch” at financial oversight

The two candidates agreed that the country needs more oversight in its financial sector, following the recent crisis on Wall Street.

Gilmore said the situation stems from companies allowing too much borrowing against too little assets. “We simply have to have more oversight right now to make sure that people understand that they can’t operate their businesses that way against the public interest,” he said.

Warner faulted Washington and Wall Street for being “asleep at the switch.” He said the country should look at Britain’s use of a single financial regulator as a possible model to fix the current crisis. “If there was ever a time to send somebody to Washington that can read a balance sheet... it’s now,” Warner said.

Source: 2008 VA Senate Debate in The Washington Times Sep 19, 2008

Mark Warner: Financial crisis stems from companies over-borrowing

The two candidates agreed that the country needs more oversight in its financial sector, following the recent crisis on Wall Street.

Gilmore said the situation stems from companies allowing too much borrowing against too little assets. “We simply have to have more oversight right now to make sure that people understand that they can’t operate their businesses that way against the public interest,” he said.

Warner faulted Washington and Wall Street for being “asleep at the switch.” He said the country should look at Britain’s use of a single financial regulator as a possible model to fix the current crisis. “If there was ever a time to send somebody to Washington that can read a balance sheet... it’s now,” Warner said.

Source: 2008 VA Senate Debate in The Washington Times Sep 19, 2008

Hillary Clinton: Companies get rewarded with hard-working people left hanging

So many of us grew up with what I call the basic bargain: If you worked hard and if you played by rules you’d be able to build a better life for yourself and your family. Well, I don’t think in the last six years our country has actually been living up to that basic bargain. The leadership here in Washington seems to ignore middle class and hardworking families across our country. Under this president’s leadership household debt has soared, healthcare costs have skyrocketed, assuming that you have it. Wages have remained stagnant. Now corporate profits are up. And productivity is up, which means Americans are working harder than anybody in the world, but we’re not getting rewarded. I’ll tell you who is getting rewarded. Companies like Halliburton are getting rewarded with no-bid contracts, then they move their CEOs across the ocean to another country and leave us hanging right here at home.
Source: 2007 IAFF Presidential Forum in Washington DC Mar 14, 2007

John Snow: Consistent ethical standard for corporate America

Almost three years ago, corporate scandals erupted in the headlines. Trust is a precious thing. Once lost it is hard to retrieve. And trust is a cornerstone to the development of a smooth and efficient capital market. The resulting Sarbanes-Oxley Act of 2002 ended the era of low standards and false profits. It was a critical piece of legislation at a critical time -- its passage was also a necessary part of the healing process. The new law holds accountants accountable and subjects auditors to audit. It gave shareholders greater confidence that the financial information they receive from a company would be reliable, because the CEOs who sign their names to the documentation will be held responsible, and punished if they lie.

Sarbanes-Oxley sent a message to every American: that there can not be a different ethical standard for corporate America. They are expected to operate with the same high level of honesty and accountability as a small business, family or community.

Source: Remarks to the George Washington University School of Law Mar 3, 2004

Howard Dean: AdWatch: “Hold corporations accountable”-but gave incentives

AD VIDEO: Dean, dressed business-like, speaks slowly & softly, rather than with passionate populism.

AD AUDIO: Energy companies gouging consumers. Accounting firms cooking the books. They get away with it because they have too much power in Washington. Hard work and the free market made America great. But that doesn’t excuse business from its responsibility. It’s time to hold corporations accountable. To protect workers’ pensions and investors who depend on honest accounting. And it’s time Washington worked for people.

ANALYSIS: Dean has proposed stricter disclosure requirements for corporations and closing tax loopholes. The use the headline “Enron Auditor Admits Crime” reflects Dean’s constant attacks on Enron as a symbol of corporate greed. But opponents have hammered him for offering tax incentives to lure corporate business to Vermont while he was governor-a program that benefited Enron, although Dean has said it was not tailored to the now-bankrupt energy company.

Source: Ad-Watch of N.H. market, Washington Post, p. A04 Jan 12, 2004

  • The above quotations are from State of Washington Politicians: Archives.
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2016 Presidential contenders on Corporations:
  Democrats:
Secy.Hillary Clinton(NY)
V.P.Joe Biden(DE)
Gov.Andrew Cuomo(NY)
Mayor Rahm Emanuel(IL)
Gov.Martin O`Malley(MD)

Republicans:
Amb.John Bolton(MD)
Gov.Jeb Bush(FL)
Dr.Ben Carson(MD)
Gov.Chris Christie(NJ)
Sen.Ted Cruz(TX)
Gov.Mike Huckabee(AR)
Gov.Jon Huntsman(UT)
Gov.Bobby Jindal(LA)
Rep.Peter King(NY)
Gov.Sarah Palin(AK)
Sen.Rand Paul(KY)
Gov.Rick Perry(TX)
Sen.Rob Portman(OH)
Secy.Condi Rice(CA)
Sen.Marco Rubio(FL)
Rep.Paul Ryan(WI)
Sen.Rick Santorum(PA)
2016 Third Party Candidates:
Mayor Michael Bloomberg(I-NYC)
Gov.Gary Johnson(L-NM)
Donald Trump(NY)
Gov.Jesse Ventura(I-MN)
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Page last updated: Mar 29, 2014