Steve Lonegan for Senate from NJ (Part 2)


Ted sent this to neighbors and friends:

Neighbors and Friends:

I have had the pleasure of meeting Steve Lonegan few times over the past 2 years.  I believe he should be our choice for US Senate Oct 16. He understands that a strong private sector economy + proper tax policy such as school vouchers for the poor, are the best policies for all in NJ.  Contrast this to Cory Booker, an Obama clone, calls for growing the social welfare state that further widens the gap between the rich and poor and is bankrupting our economy.  Below are 2 of my letters supporting Lonegan that the Daily Record and Trenton Times published.

 Letter in Daily Record Aug 23:

A recent letter questioned Cory Booker’s prospects as Senator should he beat Steve Lonegan Oct 16.  It generated interesting online comments but lacked any debate about the main issue – what economic policies can best benefit the poor.  So let us start.

 Booker advocates extending social welfare policies redistributing income that have now totaled $15 Trillion since mid 60’s.  However,  poverty today is the same as in 1965. This policy has encouraged a greater dependence on Government instead of individual efforts to develop job skills. But the poor are also less able to compete for jobs due to substandard public education. The rich send children to private schools where graduates are much more prepared for further training for well paying jobs.  Clearly, offering the poor school vouchers for private schools will provide the poor a fighting chance to later compete for well paying jobs.  Booker is against school vouchers.  He is against real competition to existing public school system; meanwhile Newark students suffered.

 Steve Lonegan was a successful small businessman prior to three terms as Bogata’s mayer.   As Senator, Steve Lonegan will be a champion of the entrepreneurial,  private and productive sector of the economy.  He understands that it is the private sector, not the public, that by far creates more jobs that self sustain them and create ancillary jobs, new products, and industries.  He understands that only  increasing economic productivity sustains genuine long term economic growth.   This is possible only with a strong, competitive private sector.   He also understands that billions of wasteful Government spending  results in a net GDP decrease and widens the gap between the rich and the poor.  Finally he is a champion of competition  among schools so costs will decrease and education will improve.  He is a strong supporter of school vouchers.

 Please carefully examine which policy will best enhance the prospects of the poor with genuine opportunities.

 http://www.dailyrecord.com/ article/20130823/NJOPINION02/ 308230024/Lonegan-s-ideas- beneficial-poor

 The letter in Trenton Times  July 16.

As Senator, Steve Lonegan will be a champion of the entrepreneurial,  private and productive sector of the economy.  He understands that it is the private sector, not the public, that by far creates more jobs that self sustain them and create ancillary jobs, new products, and industries.  He understands that only  increasing economic productivity sustains genuine long term economic growth.   This is possible only with a strong, competitive private sector.   He also understands that billions of wasteful Government spending  results in a net GDP decrease and widens the gap between the rich and the poor. 

 Contrast this with his likely challenger Cory Booker.  He recently announced a plan to increase government welfare programs.   This will increase our debt further, destroy more jobs, and increase our citizens dependence on our government.  Booker should know better as these kinds of welfare programs ruined great cities like Detroit and Newark and are partially  responsible for the US $17 Trillion debt, which now exceeds our GDP.  As a U.S. senator, Lonegan will work to undo these policies and fight for a leaner government and a stronger and competitive private economy with opportunities for all.  

 Please give Lonegan this opportunity by first voting for him in the upcoming primary.  To learn more please visit LoneganforSenate.com.

 The letter in Trenton Times  July 16.

http://www.nj.com/times- opinion/index.ssf/2013/07/ times_of_trenton_letters_to_ th_764.html

 

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About economics501

1 - free market Capitalist; 2 - Fitness Entrepreneur; 56 years old, VP at an Investment Bank in NYC, ex Venture Capitalist, happily married with 2 girls. Education: Rutgers and NYU. I allow Ted Hruzd, my friend to blog at will here. He has many posts here. I have known Ted since we were both students at NYU. Ted also works for an Investment Bank as a VP in Equity Global Markets. ------------------------- I was very very Socialist leaning as a 22 year old. I then strongly believed in Gov role in helping the poor. However, as a USDA Child Nutrition Programs, I personally accounted for millions of fraud, abuse, and waste of tax payer money. I came to believe that the poor would be best served with less Gov programs and more with direct aid via tax system. Then after 5 years I became a free market capitalist, was a venture capitalist in 2007 and helped start 2 high tech companies. I dedicate this site to champion free market capitalism as the best road to Prosperity. Please join in. If you disagree, fine, but please post with dignity and class and be civil. Argue with facts always.
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