Neel Kashkari, a Republican candidate for the Governorship of California, recently made an outstandingly idiotic comment on CNBC. The recent Republican fiscal stance has been been promoting spending control and reduction of the National debt. Joe Kernen asked Kashkari, given that California now has a budget surplus, if some of that money would be used to pay-down California's debt. The response by Kashkari was the unbelievable prostration that economic measures were needed to stimulate the California economy. A non-answer to Kernen's question. The "between the lines" take-away, another excuse not to address the debt issue.
Mr. Kashkari, is only one Republican and does not define the Republican party's fiscal policies. Nevertheless, his comments, may be a chilling harbinger of what might happen should the Republicans take control of the US government. Will the Republicans, like the Democrats, abandon fiscal responsibility in favor of continued deficit spending to "gift" their base "freebies"? Will the Republican, once elected, repeat the irresponsible tax policies of Blame Bush?
PS: I could not locate the actual video clip were this exchange took place. Here is one clip from that day. I would agree that high frequency trading should be regulated.