Political desperation has forced Chuck Schumer to give a shit!


From CNBC here:

Democrats are calling for harsh new punishments on companies that outsource jobs and a crackdown on currency manipulation, embracing a more populist economic agenda as they seek to win back control of Congress in next year’s midterm elections.

I’m not sure Chuckie’s Wall Street friends are going to be excited about the idea of raising their labor costs by limiting overseas production.

And given Democrats long standing willingness to pass weak legislation with loopholes and then trumpet it as masterful I would not cheer this proposal until all the fine print has been put under a magnifying glass.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s