ID-Sen: LaRocco releases economic plan
Earlier this afternoon Idaho Democrat Larry LaRocco released the details of his economic plan: America's Path to Recovery and Prosperity.
But this isn't just some guy running for U.S. Senate throwing out a plan. Larry LaRocco has 30 years experience in the financial services industry, including four years on the House Banking Committee, which gives him an informed perspective on the current crisis in American financial systems, and the experience to get the job done right.
Highlights of the LaRocco plan include the following measures:
Addressing the growing health care crisis by ensuring that everyone has access to affordable, quality health care through a national health insurance market. LaRocco would also provide incentives for people to enter medical professions and to work in Idaho's under-served areas.
Research and investment in alternative energy, including wind, solar, biomass, geothermal and nuclear energy. LaRocco's plan cites studies that have shown as many as 14,000 new jobs for Idaho.
Both health care costs and energy costs have the potential to be the next great economic disasters. By addressing them now, Larry LaRocco wants to avert a future crisis.
Solve the current crisis. LaRocco believes we need to be cautious and deliberate, not rushing to a conclusion. LaRocco supports a mechanism similar to the Resolution Trust Corporation, a la the Savings and Loan crisis in the 1990s, and that it should be run by non-partisan, professional staff, with specific benchmarks and deadlines. LaRocco also wants a guarantee that taxpayers get back as much of a return on investment as possible. No guarantee, no deal for Larry LaRocco. Furthermore, Larry LaRocco will not support a plan where the corporate fat cats benefit from "publicly financed golden parachutes."
Return to responsible regulation, that guards against corporate greed and excess. LaRocco's premise for this is that as individuals nobody bails us out if we make poor choices with our money, so financial institutions should not be treated differently than individuals.
LaRocco also supports a balanced budget amendment to ensure that the federal government is spending within its means and not mortgaging the future.
You can find a complete copy of the plan here.
But this isn't just some guy running for U.S. Senate throwing out a plan. Larry LaRocco has 30 years experience in the financial services industry, including four years on the House Banking Committee, which gives him an informed perspective on the current crisis in American financial systems, and the experience to get the job done right.
Highlights of the LaRocco plan include the following measures:
Addressing the growing health care crisis by ensuring that everyone has access to affordable, quality health care through a national health insurance market. LaRocco would also provide incentives for people to enter medical professions and to work in Idaho's under-served areas.
Research and investment in alternative energy, including wind, solar, biomass, geothermal and nuclear energy. LaRocco's plan cites studies that have shown as many as 14,000 new jobs for Idaho.
Both health care costs and energy costs have the potential to be the next great economic disasters. By addressing them now, Larry LaRocco wants to avert a future crisis.
Solve the current crisis. LaRocco believes we need to be cautious and deliberate, not rushing to a conclusion. LaRocco supports a mechanism similar to the Resolution Trust Corporation, a la the Savings and Loan crisis in the 1990s, and that it should be run by non-partisan, professional staff, with specific benchmarks and deadlines. LaRocco also wants a guarantee that taxpayers get back as much of a return on investment as possible. No guarantee, no deal for Larry LaRocco. Furthermore, Larry LaRocco will not support a plan where the corporate fat cats benefit from "publicly financed golden parachutes."
Return to responsible regulation, that guards against corporate greed and excess. LaRocco's premise for this is that as individuals nobody bails us out if we make poor choices with our money, so financial institutions should not be treated differently than individuals.
LaRocco also supports a balanced budget amendment to ensure that the federal government is spending within its means and not mortgaging the future.
You can find a complete copy of the plan here.
# Posted by Ken Camp : 7:41 PM
Comments:
Congrats to Larry LaRocco for having the knowledge and taking the initiative to attack the economic crisis head-on. His proposal is thoughtful and timely. The economy is the top issue across the country and is impacting families here in Idaho. Still, nothing of substance on this important issue comes from LaRocco's opponent Jim Risch. Risch doesn't care about people in Idaho, he just thinks it's his turn to be in charge.
Congrats to Larry LaRocco for having the knowledge and taking the initiative to attack the economic crisis head-on. His proposal is thoughtful and timely. The economy is obviously the top issue across the country. The crisis impacts families here in Idaho who are facing layoffs and housing foreclosures. Still, nothing of substance on this important issue comes from LaRocco's opponent Jim Risch. Risch doesn't care about people in Idaho, he just thinks it's his turn to be in charge.
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