Chad’s Morning Brief: Rick Perry Speaks About Wall Street Reform and Marco Rubio on Outrage Over Death of a Lion vs. Planned Parenthood
Here are some of the issues that will be discussed on today’s edition of The Chad Hasty Show.
2016 Republican Presidential Candidate and U.S. Senator, Ted Cruz joins Chad at 10:05am today.
Perry Talks Wall Street Reform
According to the Texas Tribune, former Texas Governor Rick Perry not only slammed Hillary Clinton on Wednesday, but predicted that the next crash could happen soon while making the case that he is the one who can reform Wall Street.
Warning that the "next crash is on the horizon," Perry used a New York speech to position himself as the only candidate with the economic record to to reverse an era of Wall Street run amok, enabled by complicit politicians.
"If you elect me president, I will reform Wall Street and I will reform Washington," Perry declared, later promising not to "bail out a single bank on Wall Street."
Perry had particularly harsh words for Clinton, whom he said must answer for her husband's economic policies as she wages her own 2016 campaign. In an extensive critique, Perry linked the 2008 housing collapse to Bill Clinton's efforts to expand the ranks of homeowners in the United States.
"If Secretary Clinton wants to take credit for the 'Clinton economy,' then she must defend the destructive home ownership policies advocated by her husband that pushed shoddy loans to people couldn't afford them, and the economic chaos that pursued," Perry said.
The speech, held at the ritzy Yale Club in Manhattan, featured some of Perry's most populist language since he launched his campaign.
"After the bailouts of 2008, Americans came to believe that Wall Street is out for itself. That the game is rigged. That the wealthy and the well-connected have insurmountable advantages over average Americans who simply work hard and play by the rules," Perry said, conjuring the specter of a "special political class that spends large sums of money to wield influence, to protect entrenched interests, to advocate for special favors at the expense of taxpayers and the general public."
Among Perry's ideas to overhaul Wall Street's ways: strengthening a new rule from the Federal Reserve that requires America's biggest banks to maintain "financial cushions in case of another downturn." He also proposed that large financial institutions disentangle some of their services, reducing the risk of a full-blown collapse in times of crisis.
Perry put a personal touch on his proposals, advocating for community banks like the one whose board he served on in Haskell, Texas, to be exempt from financial regulations under the Dodd-Frank Act. Along with that, he pushed for more congressional oversight of the Consumer Financial Protection Bureau, which was created by Dodd-Frank.
Throughout the speech, Perry took swipes at Democrats, including Clinton, for having a backward view of the future of the U.S. economy.
"Democrats have a 1915 view of the 2015 economy," Perry said, accusing them of building a costly "toll bridge to the 21st century."
He specifically went after Clinton for her support for raising capital gains taxes, noting that she once opposed the idea and that her husband cut the taxes in 1990s. Tapping into disagreements within the Democratic Party, Perry suggested Clinton now backs raising capital gains taxes as a result of "Warrenism," a reference to Massachusetts Sen. Elizabeth Warren, who has urged her fellow Democrats to be tougher on big banks.
This is one of the issues that is not being discussed a lot right now but Perry seems to be laying some groundwork for the upcoming debate. Perry is sticking to real issues and sounding like a real threat to the top-tier candidates.
Rubio Upsets the Left With One Tweet
Senator Marco Rubio upset the left with one tweet that summed up how many conservatives felt about the coverage of Cecil the Lion. His tweet also summed up what many, including myself, on the radio said about the outrage over the death of the lion. According to The Hill, Rubio also wants to know where the outrage is from the world and the left over Planned Parenthood.
Republican presidential candidate Sen. Marco Rubio (R-Fla.) isn't joining in the social media outrage over the killing of a lion in Africa by an American dentist.
In a tweet Wednesday, Rubio urged the public to direct their anger toward Planned Parenthood instead.
"Look at all this outrage over a dead lion,” Rubio tweeted, "but where is all the outrage over the planned parenthood dead babies.”
That tweet really set some off on the left. Different bloggers and pundits claimed that it was a stupid tweet that would come back to hurt him. Let's see. Rubio in one tweet was able to channel what most on the right were tweeting, Facebooking, and calling into talk radio about.
I think Rubio will be okay on this one.
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These and many more topics coming up on today’s edition of The Chad Hasty Show. Tune in mornings 8:30-11am on News/Talk 790 KFYO, streaming online at kfyo.com, and now on your iPhone and Android device with the radioPup App. All guest interviews can be heard on our KFYO YouTube page after the show and online at kfyo.com.