STOP THE WALL STREET RIPOFF OF OREGON!
Issues and Positions
Supported Measure 97 without reservation
I am the only candidate for Treasurer who supported Measure 97 without equivocation.
Opposed Measure 95
Measure 95 would allow public university administrators to play the stock market with public funds. They would be allowed to buy "equities," which can include even hedge funds, leveraged buyouts of corporations, etc.
The Oregon Legislature put this on the ballot, They circumvented the normal process for describing the measure on the ballot (the "ballot title"). Ordinarily, a draft ballot title is written by the Attorney General and is subject to public comment and challenge before the Oregon Supreme Court. Instead, the Legislature wrote its own misleading ballot title: "Allows investments in equities by public universities to reduce financial risk and increase investments to benefit students."
But investing in equities is inherently more risky than investing in debt instruments, such as bonds. Public university administrators should not be allowed to function as stock pickers. Of course, allowing them to invest in equities will bring to them lots of goodies from the Wall Street brokers, like free travel to luxury resorts for "investing seminars," and probably tickets to Blazer games and the like.
Universities shouldn't invest public money in Wall Street equities. We rejected George W. Bush's plan to invest Social Security funds in the stock market. We called that "privatization."
Supported Campaign Finance Reform, both, 26-184 in Multnomah County AND implementation of past Measure 47 (2006).
Support Creating a Post-Carbon Economy
Support creating a Worker First Economy
Support Building a True Democracy
Support Creating A Peace Economy