Maloney Dismantled Glass-Steagall And Gave Us Great Recession

I read a reader comment at the New York Daily News that tells you all you need to know about Carolyn Maloney and the dismantling of the Glass-Steagall Act. That dismantling is what brought about the Great Recession, it is now widely believed in most intelligent circles. And this entire time Maloney has been telling the media and whoever else will listen that Reshma Saujani is the Wall Street's candidate.



In The News

New York Daily News: Reshma Saujani Launches New Anti-Carolyn Maloney Site: Updated: TheRealCarolynMaloney.com

Comment by Jonri: I live in the district. Way back when, I voted for Maloney when she ran against Bill Green. She won because of redistricting. The redistricting included Roosevelt Island, Astoria, LIC,etc.--areas which Green had not represented. Green carried the areas that had been part of his district. Maloney won because of Roosevelt Island and Queens. Since then, Maloney has ignored the rest of the district and catered to big money donors from the Upper East Side and from outside the district. I really chuckle when Maloney claims that she is in favor the small fry and anti the financial industry. Go back and check the record. Like a lot of people, I think the current economic mess, especially in New York, was caused by the dismantling of Glass-Steagall. That bill created lines of separation between banks and riskier investments. It was dismantled by the Gramm-Leach-Biley bill. Maloney not only voted in favor of the bill, she was one of the conferees. Yes, the bill had a few consumer protection clauses in it and that's what Maloney touts. But the whole subprime mortgage fiasco is in part the result of the gutting of Glass-Steagall and Maloney was an active participant in the gutting. Maloney was more than willing to do what the BANKS (not the securities firms) wanted her to do back then. And the result was a disaster. When the crisis hit, Congress didn't react quickly enough. And given her committee position, Maloney is responsible for that too. I've gotten invited to several Maloney events. The cheapest ticket to any of them was $1,000--out of my league. I saw Maloney at a community event a couple of months ago--the first time she's attended in over a decade. I tried to talk to her--a line formed. Maloney ignored all of us and talked to local elected officials--people she already knows. I gave up and left the line. Got about 2 feet when 2 of her campaign workers blocked my path and asked me to sign her petition. Of course, I said no--but now at least I knew why she bothered to attend this annual event after so many years of absence.

Our Town NY: Reshma Saujani: New Solutions To East Side Problems: a jobless recovery with no end in sight and politicians in Washington and Albany that are failing to act...... Public spaces like Ruppert Park may close, bus lines are being cut and bedbugs are a growing problem.......Right now, creating jobs must be our first priority ...... I’ve proposed a new 21st Century Jobs Corps to provide educational training grants to help unemployed Americans, like construction workers, find work in emerging sectors. I’ve also proposed a National Innovation Fund—a public-private partnership to invest seed money into start-up businesses in next-generation industries. I believe we should eliminate capital gains taxes on investments in micro-enterprises to empower entrepreneurs with innovative new business ideas. And I am calling for a $15,000 student loan credit for math, science or engineering college graduates who go to work for a clean-tech, biotech or high-tech start-up in New York for at least three years. We should also double the $2 billion in grants awarded to our entrepreneurs through the Small Business Innovation Research and Small Business Technology Transfer programs......... I will push for a national Tenants’ Bill of Rights to protect homeowners and oppose plans to privatize public housing...... The completion of the East Side Greenway must be a priority. I’m also concerned about the potential construction of a high-rise at the Ruppert Playground on 92nd Street........ The Second Avenue subway will ultimately be a positive addition to the community. But we need to engage the community throughout the building process. ...... New York is the greatest city in the world, but our politicians in Washington and Albany are failing to lead.

The Lo Down NY: Maloney/Saujani Quizzed On WNYC: The back-to-back interviews on WNYC last Friday will give you a pretty good idea what to expect during that midday radio-only encounter

Reshma Saujani: New Solutions To East Side Problems

New Solutions to East Side Problems
Posted by Our Town on September 1, 2010

Creating jobs, housing and infrastructure repair top agenda

By Reshma Saujani

In my campaign, I’ve traveled from the Lower East Side to the Upper East Side, from Astoria to Long Island City—and everywhere I go, I hear the same fundamental concern from voters: for the first time in generations, parents are worried their children will not have the same opportunities that they had. And more than anything, people in New York—from artists to taxi drivers to teachers to bankers—are anxious about the economy. They’re worried about a jobless recovery with no end in sight and politicians in Washington and Albany that are failing to act.

Compounding that anxiety are several factors. First, New York is one of the most expensive places to live in America. The overall cost of living here is an astonishing 364 percent higher than the national average—and it’s not getting any cheaper. The delayed and over-budget construction of the Second Avenue subway is pushing small businesses into bankruptcy. Upper East Side schools are overcrowded and students are being forced to go across town for a quality education. Public spaces like Ruppert Park may close, bus lines are being cut and bedbugs are a growing problem.

We can—and must—do better. In order to ensure a vibrant Upper East Side for future generations, we need new leadership and innovative ideas to create jobs, make sure that middle class families aren’t priced out of the city, and improve the quality of life for New Yorkers.

Right now, creating jobs must be our first priority, because the solutions coming out of Washington simply aren’t working. Carolyn Maloney, my opponent, has not passed a single piece of legislation to create jobs since becoming chair of the Joint Economic Committee. Not one. To create thousands of new jobs starting this year, I’ve proposed a new 21st Century Jobs Corps to provide educational training grants to help unemployed Americans, like construction workers, find work in emerging sectors. I’ve also proposed a National Innovation Fund—a public-private partnership to invest seed money into start-up businesses in next-generation industries. I believe we should eliminate capital gains taxes on investments in micro-enterprises to empower entrepreneurs with innovative new business ideas. And I am calling for a $15,000 student loan credit for math, science or engineering college graduates who go to work for a clean-tech, biotech or high-tech start-up in New York for at least three years. We should also double the $2 billion in grants awarded to our entrepreneurs through the Small Business Innovation Research and Small Business Technology Transfer programs.

Maintaining an affordable New York is critical, especially when it comes to housing. Only 30 percent of New Yorkers are homeowners, a far cry from the national rate of 68 percent, and people of color in New York are even less likely to own a home. New York must first take steps to mandate that a percentage of development projects be dedicated to affordable housing. In addition, I will push for a national Tenants’ Bill of Rights to protect homeowners and oppose plans to privatize public housing.

Quality of life is another important issue. I’m committed to maintaining our existing parks and public spaces and creating new ones. The completion of the East Side Greenway must be a priority. I’m also concerned about the potential construction of a high-rise at the Ruppert Playground on 92nd Street. I’ve written to both the City of New York and The Related Companies, urging them to permanently preserve this space as a public park.

Infrastructure will continue to be an important driver of economic growth, but the Second Avenue subway is an unfortunate reminder that when our leaders don’t properly consult the community, too often, businesses are adversely affected and many of our economic goals are not achieved. The Second Avenue subway will ultimately be a positive addition to the community. But we need to engage the community throughout the building process. To help businesses that are being affected by the construction of the Second Avenue subway, I will work with local, state and federal officials to provide an economic stability initiative to establish grants and property tax abatements.

New York is the greatest city in the world, but our politicians in Washington and Albany are failing to lead. As an example, Carolyn Maloney recently held a fundraiser at the home of a financial lobbyist—while serving on the committee negotiating financial reform. That’s wrong. I’ve pledged to never accept a penny of corporate PAC money in my career. And I will fight the special interests culture that brings Congress to a standstill. We can’t keep re-electing the same politicians and expecting change. Together we can change our broken system and build a new era of opportunity and prosperity for all New Yorkers.

Maloney Should Concede To Reshma Saujani

The Huffington Post: Murkowski Concedes Alaska GOP Senate Primary To Joe Miller: Sen. Lisa Murkowski was booted from office in the Republican primary Tuesday by a little-known conservative lawyer in arguably the biggest political upset of the year..... amid deep dissatisfaction with the Washington establishment..... defeated a sitting senator in a primary ...... Murkowski is the third senator to lose this year, along with Bennett and Arlen Specter, D-Pa. ..... after more than 15,000 ballots were counted, she remained 1,630 votes behind...... the Miller camp had no idea what to expect Tuesday. ...... Murkowski has proudly touted her seniority after eight years in office, and said her roles on the appropriations and energy committees put her in a strong position to ensure Alaskans' voices are heard ...... with Murkowski holding such a name-recognition and fundraising advantage ..... Miller connected with the voters and tapped into anti-incumbent anger ....... the Kansas-raised Miller had no experience running in political races ...... in the race's final weeks, when Miller's camp said it sensed momentum was on its side and that Miller would win.

Maloney should not wait until September 14. She should concede now. And here's why.

It is about the cause. It is now time for The New Woman to step forward. (September 14 Will Birth The New Woman) Conceding to Reshma now would be the biggest thing Maloney ever did for women worldwide. It would be a masterstroke.

It is about the party. Maloney could do her part in letting the Democratic Party ride the strong anti incumbency mood sweeping the country. (Obama Needs To Ride The Reshma Insurgency Wave To Victory)

It is about time. Maloney has had a 18 year run. That is long enough. She should exit the state in dignity.

It is about the ground reality. Reshma 2010 obviously has the momentum in this race.