Steve Sauder is president of Emporia's Radio Stations, Inc. the owners of KVOE-AM 1400, Country 101.7 and Mix 104.9. Steve has been in a leadership position with ERS, Inc., since 1987.
Monday night’s presidential debate between Hillary Clinton and Donald Trump was exciting, boring and predictable all at the same time.
Judged as a debate, I think Hillary won and the Donald while scoring some good points missed several golden opportunities. They offer up so many plans it seems more like a Monopoly game than real life.
One idea that Trump might consider concerns his unwillingness to release his tax returns and his reported ability to NOT PAY TAXES!
I’ve been reading a book about Joseph P. Kennedy. He’s the father of President John F. Kennedy his brothers Bobby and Edward and 7 other children.
Trump should read this book called The Patriarch. It tells how Joe Kennedy manipulated business deals and especially how he absolutely raped the stock market and banks by creating investment opportunities in companies then convincing friends to join in thus driving up stock prices and then - often bailing out taking massive profits with him. Joseph P. Kennedy was a very skilled inside trader.
I don’t think he ever had to use bankruptcy, but he was accused of using funds from a bootlegging operation to fund one deal.
Here’s the rest of the story. Largely because of way Kennedy and others like him manipulated the markets and banks Franklin Roosevelt as a part of his New Deal in the thirties championed legislation to create regulations for banks and the Security and Exchange Commission to start reeling in Wall Street.
Amazingly Joe Kennedy who had all kinds of political aspirations himself lobbied for and was appointed by FDR as the first Chairman of the SEC!
This was absolutely like appointing the fox to watch the hen house!
So how does this help Trump?
Monday night when Mrs. Clinton said “Donald brags about paying no federal income taxes,” Trump utters under his breath – “I’m smart.”
My suggestion would be to cite Joe Kennedy who set the standard for insider trading on Wall Street then volunteered and was appointed to clean it up as Chairman of the SEC.
Trump should suggest if we want to collect more taxes from the rich why not ask someone who understands how to avoid taxes to be in charge of collecting them?
He can proudly claim - and this time with some creditability, that he knows more about the flawed IRS Code than about anybody!
Don’t hold your breathe though – he had lots of opportunities Monday and swung and missed most of them.
Sadly Monday’s debate did little to help me decide how to vote. It did though motivate me to try and finish the Patriarch – its 787 pages long, but full of good stuff.
To end with some good news we are only 42 days away from the election!
I’m Steve Sauder.