Jeb Bush on Budget & Economy
Republican FL Governor; V.P. prospect
The Obama stimulus plan didn't fit their theory of what government should do at a time of economic crisis, which seemed to add up to nothing at all. The unfettered market was supposed to solve everything.
"There's one thing that he has done that I just find unforgiveable. He is the only statewide political leader that I'm aware of, that embraced the stimulus package when Republicans were fighting to suggest an alternative."
Now, I do believe that some things in life are unforgiveable But accepting money from Washington to save jobs of teachers, police officers, and firefighters and help revive our economy? No, that's not one of them. Besides, almost every governor ended up taking some or all of the money. I was just the only Republican who was so up-front about it.
Jeb kept pounding on the stimulus, which he termed "a massive spending bill that is not related to stimulus. It is related to trying to carry out a liberal agenda."
Hence, in evaluating Jeb's prescriptions for fiscal responsibility, today's Republicans should recall the Bushes' past political palm reading. While Jeb's prescriptions are in the party's long-term interest, they will be difficult to execute, given the strength of the party's coalition members.
Can Jeb sway a resistant party base? It's quite possible: His family's odyssey has reflected the party's shifts for 50 years, and he's uniquely positioned to convince his peers.
"The problem that got us into this mess was the real estate problem, but there is very little going on to solve the real estate problems," he said. "Who better to advocate a policy to get us out of this mess? Why not defend your positions in the marketplace of ideas? Business has gotten way too timid. The natural inclination is to cower. I would encourage you to stand up."
The Bush tax strategies facilitated his "starve the beast" spending policy and gave him an opportunity to make the kinds of choices in funding state government that he desired.
A: I don't know. Maybe if he had opposed the bailout based on some actual principles he could express, that would have shown leadership.
Q: You have defended the early bailouts, those implemented by your brother?
A: If there wasn't any support, given the intricate nature of all these credit-default swaps, you could have had an unraveling of the financial system. So I'm not sure there was another choice. There may have been a different means of doing it.
Broward , having made a number of these sweetheart loans, collapsed in the national savings and loan crisis. Federal regulators negotiated a deal that Jeb and Codina keep the building by closing out the $4.6 million Broward liability for a mere $505,000. The two partners had to pay $1.3 million in income tax on the forgiven loan.
The question here is not whether Jeb turned a profit. The question is the 7-figure contribution that US taxpayers made to Jeb's net worth. How do we know there was a 7-figure contribution? Because Jeb and Codina paid $1.3 million in income tax on it. Asked if they were aware that the funds for the repayment of the Broward loans came from the taxpayers, Jeb phrased it, "Helllllll, no. Absolutely not."
Q: Do you support providing immunity from civil liability to persons who are participating in the process of government?
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Gubernatorial Debates 2014:
AL: Bentley(R) vs.Griffith(D)
AR: Ross(D) vs.Hutchinson(R) vs.Griffin(R,Lt.Gov.)
AZ: Ducey(R) vs.DuVal(D) vs.Mealer(AE) vs.Gilbert(L) vs.
CA: Brown(D) vs.Kashkari(R)
CO: Hickenlooper(D) vs.Beauprez(R) vs.
CT: Malloy(D) vs.Foley(R) vs.Walker(R,Lt.Gov.)
FL: Scott(R) vs.Crist(D) vs.Snitker(L,Lt.Gov.)
GA: Deal(R) vs.Carter(D) vs.Hunt(L)
HI: Ige(D) vs.Aiona(R) vs.
IA: Branstad(R) vs.Hatch(D) vs.
MA: Coakley(D) vs.Baker(R) &Polito(R,Lt.Gov.) vs.
ME: LePage(R) vs.Michaud(D) vs.Cutler(I)
MI: Snyder(R) vs.Schauer(D)
NM: Martinez(R) vs.King(D)
NY: Cuomo(D) &Hochul(D,Lt.Gov.) vs.Astorino(R) vs.Hawkins(G) vs.
OK: Fallin(R) vs.Dorman(D)
PA: Corbett(R) vs.Wolf(D) vs.
Up for re-election 2014:
AK-R: Sean Parnell
AL-R: Robert Bentley
CA-D: Jerry Brown
CO-D: John Hickenlooper
CT-D: Dan Malloy
FL-R: Rick Scott
GA-R: Nathan Deal
HI-D: Neil Abercrombie
IA-R: Terry Branstad
ID-R: Butch Otter
IL-D: Pat Quinn
KS-R: Sam Brownback
ME-R: Paul LePage
MI-R: Rick Snyder
MN-D: Mark Dayton
NH-D: Maggie Hassan
NM-R: Susana Martinez
NV-R: Brian Sandoval
NY-D: Andrew Cuomo
OH-R: John Kasich
OK-R: Mary Fallin
OR-D: John Kitzhaber
PA-R: Tom Corbett
SC-R: Nikki Haley
SD-R: Dennis Daugaard
TN-R: Bill Haslam
VT-D: Peter Shumlin
WI-R: Scott Walker
WY-R: Matt Mead
Term-Limited or Retiring 2014:
AR-D: Mike Beebe
AZ-R: Jan Brewer
MA-D: Deval Patrick
MD-D: Martin O'Malley
RI-I: Linc Chafee
TX-R: Rick Perry
NJ-R: Chris Christie (won)
NJ-D: Barbara Buono (lost)
VA-R: Bob McDonnell(Retiring)
VA-R: Ken Cuccinelli (lost)
VA-D: Terry McAuliffe (won)