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Tuesday 14 August 2012

But Obama defends a few core values: the idea that whether we’re winners or losers, we’re all in a financial boat together; the importance of public investment in the economy; and the need for checks on financial industry shenanigans. And he warns that Romney represents a return to the policies that created our financial crisis. Beyond supporting the proposals to shift tax incentives to keep jobs in the United States and opposing Romney’s tax giveaway to global corporations, Obama needs to articulate a view of a global economy based on raising standards of living, protecting workers and communities, and setting tough standards for multinational corporations. And with Romney as his foil, he has the perfect opportunity to attack casino capitalism and advocate tougher reform of the financial services industry, especially “shadow banking” operations such as private equity firms. The Bain Legacy

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  4. hungryghoast said: “Obama defends … need for checks on financial industry shenanigans.” In word only, not deed.
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