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The Process is Political: Rick Perry Comes to Wall Street

Tuesday, September 20, 2011

Our daily look at the details that can change everything.

Rick Perry's AIG Connection: President Barack Obama is meeting with international leaders, and campaign donors, during his trip to New York this week for the United Nations General Assembly. Texas Gov. Rick Perry is also here to raise some New York cash early this week, including at an event today hosted by the former AIG head Hank Greenberg, who left the company in 2005. The event comes just days after the three year anniversary of the AIG bailout, a policy both Perry and Greenberg have criticized. Politico called Greenberg "an effective validator for Perry as he seeks bundlers," which could be key as Perry looks to attract Wall Street backers, particularly after Perry's hard-charging attacks on Fed Chairman Ben Bernanke, which made some finance types nervous. "I'd say the majority of professional investors are fans of Bernanke and I think there's an unwritten rule that you don't publicly criticize him the way he did," a Washington-based financial advisor told Reuters last month. (Insurance Journal

Reexamining Electoral Math, in Pennsylvania and Nebraska: Pennsylvania lawmakers consider a proposal to divide up the states electoral college by Congressional district, a move seen by many Democrats as a partisan maneuver to hurt them, and they point to Nebraska as a model. At the same time, Politico points out that Nebraska Republicans are advocating for a return to the winner-take-all approach to its electoral votes, after the state gave Obama his 365th electoral vote for his good showing in one of the state's Congressional districts. (Politico)

Debating Same-Day Registration in Maine: "When there's no real demand for changing voting laws, it's not a good idea to change them," journalist Douglas Rooks writes this week about the successful petition drive for a "people's veto" of Maine's new law to end same-day voter registration at the polls. The question will be on the November 8 ballot this year, after opponents of the law collected more than 70,000 certified signatures. There have been thirty veto questions on Maine ballots since 1910. Most recently, voters rejected the state's gay marriage law in 2009 and in 2010, vetoed a new law to lower the state income tax and raise the sales tax. There will be no same-day registration as voters consider the question of restoring it. The new law goes into effect at the end of September, which supporters say will strengthen the integrity of Maine elections. "Do we really want people who are lazy and uninformed voting anyway?" former Republican legislator Scott Lansley asked in the Lewiston Sun Journal. (Seacoastonline.com)

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