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P.G. Sittenfeld on Budget & Economy

 

 


Make big banks split their commercial & investment practices

Sittenfeld knocked Strickland for voting to repeal the˙Depression-era banking law˙Glass-Steagall, which made big banks split their commercial and investment practices. Commenting when the topic came up during the Democratic presidential debate, Sittenfeld wrote on Twitter, "Agree we need to re-instate Glass Steagall, and Ted Strickland should agree to debates to explain why he voted for its repeal."

While liberal presidential candidates Sen. Bernie Sanders (I-VT) and Martin O'Malley (D-MD) support the reinstatement of the law, Hillary Clinton--an ally to Strickland--dismissed the idea.

Source: The Free Beacon on 2016 Ohio Senate race , Oct 14, 2015

Trickle-down economics has not worked for vast majority

Rob Portman does a good job of coming off as moderate. But his actual voting record tells something of a different story. He's been a long-time supporter of trickle-down economics. That has not worked for the vast majority of Americans. We saw multiple enormous tax cuts for the wealthiest Americans, and that was part of what paved the way for the Great Recession. In terms of the recovery not being equally shared, virtually 100% of the income gains are going to the top 5%.
Source: OTI transcript of Cincinnati Enquirer: 2016 Ohio Senate race , May 12, 2015

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