The trade group for private equity underwriters (PEU'S) hired two economic experts to weigh in on America's economy and priorities for our new government. The authors represent the center-right of the economic spectrum. Martin Baily served in the second Clinton administration, when President Clinton privatized USIS. The Carlyle Group flipped USIS for a hefty profit. Martin is the centrist. Matthew Slaughter served under the first President Bush.
The study focused on four areas: infrastructure, tax policy, education and training, & international trade policy and regulation.
The PEU boys want in on infrastructure. They're willing to drop their 30% annual returns for long term guaranteed infrastructure profits of 15-20%. That's on top of management fees they charge affiliates.
They'd love to keep their preferred taxation on carried interest. If not, at least delay the change as long as possible with a bi-partisan study.
The study failed to highlight the burden of nearly 50 million uninsureds on America's health care system, but it did imply business can't carry the burden of ever increasing health care costs.
PEU boys like cheap labor. If they can't export jobs, then import workers willing to work for less. Thus, eliminate caps under the H-1B visa program for highly skilled workers. They also want public institutions to fund worker training.
The study hedges on regulation, despite the Bernie Madoff's of the world. While we wait for the next $50 billion Ponzi scheme shoe to drop, regulation should not "discourage competition" or "micromanage industries."
Will Congress and the Obama administration play the PEU game? Highly likely. The connections are in place. The study is complete. It's time to close the sale. The Carlyle Group and company have the thoroughbreds to do it.
The study focused on four areas: infrastructure, tax policy, education and training, & international trade policy and regulation.
The PEU boys want in on infrastructure. They're willing to drop their 30% annual returns for long term guaranteed infrastructure profits of 15-20%. That's on top of management fees they charge affiliates.
They'd love to keep their preferred taxation on carried interest. If not, at least delay the change as long as possible with a bi-partisan study.
The study failed to highlight the burden of nearly 50 million uninsureds on America's health care system, but it did imply business can't carry the burden of ever increasing health care costs.
PEU boys like cheap labor. If they can't export jobs, then import workers willing to work for less. Thus, eliminate caps under the H-1B visa program for highly skilled workers. They also want public institutions to fund worker training.
The study hedges on regulation, despite the Bernie Madoff's of the world. While we wait for the next $50 billion Ponzi scheme shoe to drop, regulation should not "discourage competition" or "micromanage industries."
Will Congress and the Obama administration play the PEU game? Highly likely. The connections are in place. The study is complete. It's time to close the sale. The Carlyle Group and company have the thoroughbreds to do it.