Former Bass director to lead Haslam legislative team
Stacey Campfield: Moderate
The Dean's column on how far is too far for Republican lawmakers presents this little dichotomy:
An example is Senate Republican Caucus Chairman Bill Ketron's resolution calling for a legislative study committee to meet this year and come back next year with recommendations on Tennessee setting up its own currency system, so as to be ready for the "likely" collapse of the Federal Reserve System.
Senate Speaker Ron Ramsey was asked about that one and replied he was not familiar with the proposal, but "I can't imagine we're anywhere close to that." Since the lieutenant governor has a pretty good sense of Republican mood, we may assume that one goes a bit too far.
On the other hand, Ramsey said he thinks a proposal by state Sen. Stacey Campfield to establish a legislative committee to recommend federal laws that should be nullified by Tennessee is "an excellent idea." So that one is not necessarily past the line of going too far in the conservative states' rights agenda.
Because the election results won't just affect Obamacare and taxes
The Country Music Association and the National Association of Recording Merchandisers will tomorrow host a roundtable at the Hutton on how last week's Republican victories could influence Congress' approach to issues important to the entertainment industry.“It is impossible to overstate the differences between outgoing Judiciary Committee Chairman John Conyers, a Democrat from Detroit who grew up with Motown, and incoming Chairman Lamar Smith of Texas, whose district is the headquarters of Clear Channel,” said Program Chairman Jon Potter of RPG Strategies, who formerly headed the Digital Media Association in Washington, D.C. “We are fortunate to have high-level panelists who understand the effect of this major change on radio royalty legislation, and how Republican victories will affect net neutrality and arts funding.”
Analyst: Political momentum favors HealthSpring
CCA, peers taking heat over Arizona immigration bill
An NPR investigation documents how the contentious Arizona immigration bill was drafted and backed by a group called the American Legislative Exchange Council. Among the key members of that group are prison operators Corrections Corp. of America and its main rival, The GEO Group.In the conference room, the group decided they would turn the immigration idea into a model bill. They discussed and debated language. Then, they voted on it. "There were no 'no' votes," Pearce said. "I never had one person speak up in objection to this model legislation." Four months later, that model legislation became, almost word for word, Arizona's immigration law.HT: Pith
Think tank: Cap and trade will cost state 52,000 jobs
The free-market Tennessee Center for Policy Research says cap and trade legislation — limiting emissions and then setting up a trading system for pollution permits — will cost each Tennessee family $1,000 of disposable income per year.“The real solution is free market environmentalism,” said Allyn Milojevich, TCPR research fellow and author of the report. “A system of well-defined property rights and tort law can correct our environmental woes and actually improve, not hamper, the economy.”
The NFIB claims its wins
The Tennessee arm of the National Federation of Independent Business has tallied up the legislative victories it scored this spring. Among the focal points: Gender-equity pay, health insurance mandates and unemployment benefits.Reform that leaves things as they are
The president argues for more capital in banking – and this is a fine goal, particularly as the Europeans continue to drag their feet on this issue. But how much capital does his Treasury team think is “enough”? Most indications are that they will seek tier one capital requirements in the range of 10-12 percent – which is what Lehman had right before it failed. How would that help?
More cold regulatory water for small biz
Jeff Cornwall and others say financial regulatory reform as currently envisaged will be bad for the prospects of a small business-led recovery. Not only are community banks going to face more restrictions and paperwork, but a horde of entrepreneurs also could become very hamstrung. From the Fort Worth Business Press:"Rep. Nydia Velazquez, D - N.Y., chairwoman of the House Small Business Committee, has gone on record as saying that it is "more than likely" that small health care practices, such as dentists and physicians, would fall under the scope of the new regulator. She quoted from a recent Federal Trade Commission decision that said dental and law practices are considered creditors. So, then, are plumbers, butchers, grocers, to name a few."
Financial reform's fine print




