Dear Working Group,
I am semi-retired, a political independent, and worked in Washington
close to the political process, but as a civil servant.
I am TRULY an Independent and these are my own thoughts &
The politicians, corporations and even news media (campaign
is BIG business) will howl at these suggestion but these need to be
Considering a unified platform that most Americans can support, and
help correct the financial debacle we have seen for the past several
here are some suggestions:
1. Re-institute the Glass Steagal Act, concerning banking
2. The FDIC & FED, limit the amount of leverage allowed by all
banking institutions, including investment banks licensed to do
3. The concentration of the banking sector needs to be
we need to relearn the lessons from The Great Depression.
wealth in a few banks is a bad thing.
4. The Security & Exchange Commission should set limits on the
amount of leverage used related to stocks and other securities.
5. Anyone or business or corporation who provides any financial
instrument, policy or other guarantee against loss in financial
(Credit Default Swaps), must follow the same regulations as insurance
companies and must hold directly 50 % of the risk on each policy and
assets to cover those losses.
Another and possibility better thought, is to outlaw CDS’s
completely and keep risk in the hands of the direct investors, where
really should be.
6. Provide immediate incentives for bringing foreign jobs back
the US through tax incentives, not direct money from the government.
7. Start a major “Buy American” campaign.
8. Recognize that Lobbying firms may provide educational
however that should be their sole purpose. Any trips undertaken by
members or staff must be paid for directly by the taxpayer funds and
9. No businesses or corporations doing business with the Federal
Government may be allowed to donate any monies for Federal Office
or re-election campaign funds, or provide any other inducements to
Office holders and are prohibited from employing family members of
holders or staff members.
10. While corporations may be allowed to advertised during election
cycles, they may only present the direct position of their
how the election would influence their corporation in real terms.
not, under any circumstance, fund any advertisements in direct
or opposition to specific candidates.
One overriding principal is to get the big money & influence out of
politics, completely. It skews and perverts the political process.
Get the power and influence back to the middle class & people, it
actually would be better for smaller & mid-sized companies in the US:
Pass a Constitutional Amendment where:
1. Those running for Federal Office may only accept
from individual voting constituents who reside within their
District, or State in the case of Senators or the US and territories
Office of President. The size of such contributions shall be limited
$2000.00 per annum, per individual, adjusted for CPI inflation
2. That businesses, companies, corporations, lobbying groups,
banking or financial institutions are forbidden from making/providing
political contributions or other things of value, directly or
anyone holding public office, their employees or their families or
bound by interest or affection. That no promises or inducements for
remuneration shall be legal.
Recognize businesses & corporations do good and employ people, they
not evil. However they have followed a short term and near sited
profits at any cost, and in effect gutted much of the production
capabilities of our country. That production loss has cost millions
middle class jobs and is compromising the fabric of our country. It
that politicians, from both sides, start thinking of the best
the 99% of the people (who are 99% of the voters), not those that
A vibrant middle class is the backbone of our country.
A Fellow Citizen,