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Aug 10, 2010 4:51 PMPublication: The East Hampton Press

McGintee to sue Town of East Hampton

Aug 10, 2010 4:51 PM

Former East Hampton Town Supervisor William McGintee has filed a notice of claim last week against the town seeking reimbursement for his attorney’s fees from investigations into the town’s finances after he left a $30 million deficit in his wake.

Mr. McGintee resigned last October while at the center of an investigation by the Suffolk County District Attorney’s office. A grand jury concluded its investigation in June by issuing a report that was highly critical of the way the town handled its finances, but without handing down any charges against Mr. McGintee.

Mr. McGintee’s budget officer, Ted Hults, who was arrested last June, pleaded guilty to two counts of securities fraud and misconduct for his role in the at least $8 million transfer from the Community Preservation Fund to the town’s general fund and for misleading investors, but was spared both jail time and fines.

According to the notice of claim, Mr. McGintee is seeking reimbursement from the town for “all reasonable attorney’s fees and litigation fees” incurred during the district attorney and grand jury investigation from March 2008 through June 2010.

An insurance agency, the New York Municipal Insurance Reciprocal, is reviewing Mr. McGintee’s notice of claim.

Deputy Town Attorney John Jilnicki said the insurance agency, a not-for-profit entity, will make a decision about whether to accept or reject the request for reimbursement by early next week.

A notice of claim is a preliminary step in the filing of lawsuit.

Under a section requesting information about the claim, McGintee wrote that he is seeking reimbursement under the town’s public officials’ liability insurance “errors and omissions” clause.

Mr. McGintee did not return calls from The East Hampton Press.

His attorney during the investigation, Marc Mukasey, of the New York City law firm of Bracewell & Giuliani, said he is not representing Mr. McGintee in the claim for attorneys’ fees. He refused to say how much Mr. McGintee owed, saying his firm has a policy of not commenting on hourly rates or fees.

East Hampton Supervisor Bill Wilkinson said Monday through his secretary that he had no comment on the claim, and referred calls to the town attorney’s office.

The financial mismanagement saga began in December 2006 when Mr. Hults got a phone call from Mr. McGintee informing him that the town would not be able to make payroll.

That call set off a chain of fund transfers that ultimately led to Mr. Hults’s arrest on seven felony charges on Thursday, June 11 2009, according to a confession that he gave to Suffolk County District Attorney Thomas Spota’s Government Corruption Bureau on May 15, the day he resigned.

Mr. Hults told authorities that he had suggested to Mr. McGintee during that conversation that the town could use money from the Community Preservation Fund to fill the budget gap, and the supervisor agreed.

In his statement, Mr. Hults said that he later met with Mr. McGintee and then Town Attorney Laura Molinari in the town supervisor’s office, and Ms. Molinari advised both men that CPF money could not be transferred or loaned to any other town accounts. Both men agreed to go ahead with the plan against her advice, Mr. Hults told investigators.

Ms. Molinari resigned in anger over the mismanagement of town funds. Mr. Hults’s improper use of the Community Preservation Fund was first scrutinized in March 2008. Shortly afterward, the District Attorney’s office first issued subpoenas for the town’s CPF records.

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He's lucky he's not in jail!
By nurse (53), sag harbor on Aug 4, 10 7:41 PM
1 member liked this comment
By rss0246 (23), East Hampton on Aug 4, 10 8:16 PM
What a set he has!
By ICE (1214), Southhampton on Aug 4, 10 8:44 PM
Good for him! He wasn't charged with anything, didn't take anything and all funds were spent on town employees or projects. Perhaps the cowards at the East Hampton Independent and others who perpetrated this fraud should foot the bill. Who's going to reimburse the taxpayers of Suffolk County for this political witch hunt?
By springsgirl (16), East Hampton on Aug 4, 10 9:11 PM
2 members liked this comment
Unfortunately the monies spent were from the community preservation fund and, by law, are only supposed to be used to support/maintain those purchases. But Bill decided to use that money to make up for the big ole deficit he ran up, which is totally illegal, hence the investigation, arrests, etc. I live in East Hampton btw.
By inthesprings (2), The Springs on Aug 5, 10 9:09 AM
2 members liked this comment
Yeah, the investigation that led to NO CHARGES for Bill McGintee. The DA wanted nothing more than to charge McGintee with a crime-- that would have been the crowning achievement of his entire tenure as DA. The fact that after an endless investigation that was instigated by Rick Murphy and the Independent, Bill McGintee was not charged with anything should be evidence enough that Bill did not "decide to use that money" for anything.
By no spin (16), East Hampton on Aug 5, 10 5:43 PM
1 member liked this comment
Springs girl is probably McGintee's daughter. The problem is that Bill told us all back in 2007 that he had asked the Comptroller if it was ok to use community preservation funds and told us that the comptroller said it was ok. There is no way that Ted Hults could have pulled this off by himself. The employees knew that Bill was doing what he was doing and yet he didn't know. And besides innocent men don't resign from his position. He thinks that we should pay for a criminal investigation. I ...more
By housewife (79), east hampton on Aug 9, 10 8:30 PM
Weasel with really good counsel. But you knew this had to be coming. McGintee supporters, who is going to reimburse the taxpayers of East Hampton for the damage that incompetent wreaked? Springsgirl, OJ was inocent too. Just saying.
By East End 2 (151), Southampton on Aug 4, 10 9:19 PM
2 members liked this comment
Why do you care? Supposedly you live in Southampton. Unfortunately, taxpayers have to pay for the services they receive and for contractual benefits provided for town employees. That is the way government works.
By springsgirl (16), East Hampton on Aug 4, 10 9:36 PM
1 member liked this comment
Oh tit for tat little townie. What does it matter where you think I live? A weasel is a weasel & the taxpayers still got/get screwed.
By East End 2 (151), Southampton on Aug 4, 10 9:54 PM
Springsgirl is from Springs. Mcgintee is from springs. Micgintee has two daughters from Springs. Hmm
By razza5350 (1911), East Hampton on Aug 5, 10 4:09 PM
Wow razza5350, you are some detective! Just because I call myself Springsgirl doesn't necessarily mean I live in Springs. There are plenty of people on this site who claim to be from Southampton, or Hampton Bays, and you can't honestly believe for a second that they actually live there and care this much about EH politics. Even if I did live in Springs, it is a pretty big stretch to presume I am Bill McGintee's daughter. Nice try though.
By springsgirl (16), East Hampton on Aug 5, 10 5:49 PM
Some of us are taxpayers in EH Town. Anf WTF does "from away" mean? You all make your living from either Town government or the 50%+ of property owners who make enough of a living , somewhere else, to employ you. Get off your snotty high horse.
By East End 2 (151), Southampton on Aug 5, 10 9:51 PM
Springsgirl The only reason I made the comment is because the only rational in defending him is if you are a relative. He stood up in his reelection campaign and LIED to the people of this town. He knew the fiscal mess the town was in and denied it when Wilkenson brought it up. Not only did he lie he used illegal means of transferring funds to cover up to the towns finances so he could get reelected.
By razza5350 (1911), East Hampton on Aug 6, 10 9:11 AM
Titanium cogliones, and a rubber stamp for a signature that leaves him "not culpable".

Chutzpah, and THEN SOME!
By Mr. Z (11847), North Sea on Aug 4, 10 9:24 PM
I'm not surprised your article was posted at 3:58 PM today. You obviously do not have an undercover mole in Town Hall like Kitty Merrill does, and therefore you have to rely on the Independent for your information, however incorrect it may be. If you took the time to accurately report facts you would know that a public offical liability claim is not a lawsuit against the town-rather an insurance claim. It will cost the taxpayers nothing.
By no spin (16), East Hampton on Aug 4, 10 9:31 PM
Southampton boy-I guess you have a problem with townies-I happen to like them. You must be one of those elitist from away. I can also recognize a weasel from his comments?
By springsgirl (16), East Hampton on Aug 4, 10 10:11 PM
1 member liked this comment
I think he meant townie in that you are from East Hampton and feel he has no reason to weigh in on this matter. I know living in Springs it is hard not to feel that others are looking down upon you, but I don't think that was the context townie was used in.
By ICE (1214), Southhampton on Aug 4, 10 10:21 PM
He meant townie in a derogatory manner. Why are you covering for him? Additionally, the thousands of people who live in Springs are good, hard-working people who enjoy where they live. I don't think they feel that anyone is looking down upon them-with the exception of prejudiced elitists like you. Keep putting your foot in you mouth ICE.
By no spin (16), East Hampton on Aug 5, 10 9:03 AM
Give him some credit. He was smart enough to use a rubber stamp!
By disappointed (96), wainscott on Aug 5, 10 12:28 AM
1 member liked this comment
What a maggot. Just move out of East Hampton already. This guy is like a bad rash that will not go away...
By Dayo (33), Sag Harbor on Aug 5, 10 7:37 AM
1 member liked this comment
Maybe the former Supervisor should get the crack legal team that Nancy Patriot got...I'm SHOCKED that ICE said "what a set he has". ICE, shouldn't you be defending this guy?

'Charges weren't filed!'

'He wasn't arrested!"

"He's innocent!"

McGintee needs to up the ante and sue for $70 mil
By Nature (2966), Hampton Bays on Aug 5, 10 9:24 AM
3 members liked this comment

"...has filed a notice of claim against the seeking reimbursement for his attorney’s fees... "

He really must have some set if he is sueing the word "the"

Proofread proofread proofread!
By Nature (2966), Hampton Bays on Aug 5, 10 9:25 AM
1 member liked this comment
Public Official Liability is an insurance policy in place to protect a public officials personal assets in the event they are sued or investigated for a criminal act and ultimately exonerated. Whether you like Bill or not, this circumstance is specifically what this insurance is there to protect. The policy premium is already paid for so it is not "costing the taxpayers" anything more than it already has. He should not personally have to pay for the false allegations made by Kitty Merrill, Rick ...more
By Bill's Main Man (10), East Hampton on Aug 5, 10 9:41 AM
2 members liked this comment
False allegations? Did you read the DA's report? If we the taxpayers have to foot the legal bill, we should have been able to select the attorney we would be paying. We are still footing the bill for his incompetence. No joke there - only on us. So the facts don't lie. Only corrupt egomaniacle politicians who want to stay in office and continue their power trip lie. Who cares who found or who wrote about it. The fact is it was reaching critical mass and he couldn't hide the numbers any more. ...more
By Waincott Resident (42), Wainscott on Aug 5, 10 8:05 PM
2 members liked this comment
I did read the DA's report and am quite certain the DA made a statement saying that Bill McGintee did not commit a crime and there would be no charges filed against him. Pretty sure that means the allegations of illegal activity against him were false.

Karma IS a beautiful thing, and I am sure all of you slanderers on a witch hunt to do nothing more than defame Bill will get your just due one day as well. Just hope it's in the newspapers for all of US to enjoy.
By Bill's Main Man (10), East Hampton on Aug 6, 10 9:35 AM
Not knowing how insurance on the government level works, would the Town of EH's liability policy premium in the coming year or years be increased as a result of a higher dollar amount of claims and payouts? If so, then this claim could ultimately cost taxpayers more in the future, no?
By watermill_mike (35), Sag Harbor on Aug 5, 10 10:53 AM
I would imagine it might, but the policy is in place for a reason, as Bill's' Main Man asserted. It is there to protect the personal assets of a public official in the event that they are investigated for a criminal act and then not charged. Bill McGintee was never charged with a crime, so he is innocent. Whether people like it or not, that is the way the justice system works in this country. Why should he bear the brunt of all his legal fees when he did not commit a crime?
By eh lover (6), East Hampton on Aug 5, 10 6:10 PM
Of course.
By Waincott Resident (42), Wainscott on Aug 5, 10 8:07 PM
When I visualize politicians and lawyers I see maggots breeding.
By Noah Way (450), Southampton on Aug 5, 10 11:29 AM
Bill's Main Man is correct if the Town has D&O or E&O coverage in place for the Supervisor. The claim for the attorney's fees would come out of the insurance policy. However, if the Supervisor's law firm charges $500 an hour, the policy may only reimburse $300 for lawyers.

As to watermill mile, yes, when the Town renews its policy, the insurance company will look at the Town's "loss-run" and adjust premiums accordingly. Typically, premiums are increased.
By CommonSense (71), Southampton on Aug 5, 10 12:14 PM
Springs Girl, you must be Bill's relative! Can't see how anyone else could defend him. He's scum.
By Harbor at Heart (12), East Hampton on Aug 5, 10 1:30 PM
3 members liked this comment
Harbor at Heart, you must be Kitty Merrill or Rick Murphy's relative. Your vocabulary gives you away. You have already used sophisticated language like scum-- perhaps you can graduate to larger words next time, like poo pee or doo doo. If you can advance to this level, perhaps they will hire you at the Independent.
By no spin (16), East Hampton on Aug 5, 10 5:28 PM
Laugh out loud funny, no spin. But thedisgraced former Supervisor, McGintee, is an unscrupulous, manipulating liar. He should return the salary he earned while he put East Hampton in the poor house. He was the chief fiscal officer for the Town. Rubber stamp or not the 'buck' stopped with him. Very unfortunate for us all.
By Waincott Resident (42), Wainscott on Aug 5, 10 8:14 PM
3 members liked this comment
There is an amazing sense of entitlement from that whole fiasco of an administration. It must be nice to work for the government.
By Bandguy (23), Sag Harbor on Aug 5, 10 8:12 PM
I am not from Springs but I do pay taxes to East Hampton and we did have to contribute a decent sum of money to the CPF. Accordingly, I believe I am entitled to make the following comments.

McGintee's misuse of CPF funds is not only potentially costing us for his legal fees, it is DEFINITELY costing us for the town's legal fees. None of this spending would be on the shoulders of the residents if Bill had not misused the funds. And he had to know he was inappropriately using the money. ...more
By janefas (1), E. Hampton on Aug 5, 10 8:24 PM
2 members liked this comment
The D.A. never attempted to indict Mc Gintee, because of that he never was in danger of being charged with any crime. He hired attnys because he was affraid, he was not charged because he is a former cop (like Spota) and a Dem (like Spota) sorry Bill pay your bill.
By independent observer (34), east hampton on Aug 5, 10 10:45 PM
1 member liked this comment
The verdicts were correct. I just wish NYC would stick to NYC and leave the towns of the E.End to enact the laws and maintain the beauty the area has held because of us "townies". And by the way "Thank-You" to all the members of our police departments and those like Spota. ...with out you The Hamptons would have already become like Chicago...full of crime and city stupidity running wild . (The Hamptons became such because of the people that live year round and developed a sceanic and a place ...more
By UNITED states CITIZEN (207), SOUTHAMPTON on Aug 6, 10 4:23 AM
And when was Tom Spota a cop ?????? and where did that come from?
By BCHBUM11968 (81), SOUTHAMPTON on Aug 6, 10 6:58 AM
Lets take a a good hard look at all these comments. 24 are negative against Mr. McGintee, 15 are positive towards Mr. McGintee and 3 are neutral. Furthermore, only 14 of the people who have commented have listed East Hampton as their address. If you take away the comments of Rick Murphy, Kitty Merrill, Jay Schniederman, Len Bernard and family, and Bill McGintee's family and friends you are left with the fact that nobody really gives a crap.
By Trail mix (13), East Hampton on Aug 6, 10 10:46 AM
Funny Trail Mix, The only people who give a 'crap' are all of us who are paying 30% more in property taxes, including you, if you even own a home in East Hampton! Thank you McGintee.
By Waincott Resident (42), Wainscott on Aug 9, 10 2:48 PM
I need to make this guy my finance Zar
By Undocumented Democrat (2065), southampton on Aug 6, 10 3:46 PM
Trail mix is smokin something.
By independent observer (34), east hampton on Aug 6, 10 8:52 PM
Lets take a look at this. Spoda went to the mat to pin something on McG. because corruption is a big headline and a big win if true. But the law said McG. was inocent of everything including misuse of CPF funds. Why? Because he didn't do anything illegal. It wasn't illegal to transfer CPF to the general fund if it was to cover expenditures the general fund incured on behalf of CPF as it is after 6/08. It smells bad but it's not illegal so no punishment. McG. has every right to sue the town and if ...more
By facts man (148), east hampton on Aug 8, 10 1:03 PM
To facts man...read the Grand Jury report...its online...McGintee is not vindicated. By the way, why didn't Hammerle, Lowen, Foster, Prince, Mansir, the attorneys, etc. hire attorneys? Everyone and everything was being looked at. And if McGintee wanted the Town to pay for his attorney why didn't he go to the Town Board at the time and have the insurance company pick the attorney -- which is the normal way of doing things.

The following is taken directly from the District Attorney's website:

"The ...more
By formertbm (76), east hampton on Aug 8, 10 2:11 PM
No one said McG. was vindicated of anything but illegal actions. Isn't it reasonable to assume all other town officials were acting within the law so there was no need to defend themselves with a lawyer? I think you as a former TOWN BOARD MEMBER didn't know all that went on in McG,s office just like most didn't know what was going on at Wall St. banks. Spoda was making a statement to justify his failure by blaming everyone. And I think those who "reported" McG.s wrong doing, in the light of his ...more
By facts man (148), east hampton on Aug 8, 10 4:14 PM
You can be sure of one thing, laws will be changed because of what transpired.

Bet your bottom dollar on that!
By Mr. Z (11847), North Sea on Aug 8, 10 6:19 PM
<- - - If I have my way that bottom dollar wont be worth much anyway
By Undocumented Democrat (2065), southampton on Aug 9, 10 7:54 AM
Take note of these names:

Donald Regan via Ronald Reagan, Alan Greenspan, Robert Rubin, Timothy Geithner, Henry Paulson, Christopher Cox, Sandy Weill, Senator Phil Gramm, Joe Cassano, John Thain, Jimmy Cayne, and more even men of "power and influence" already did that.

When the inflation index was created in 1920, a dollar was worth a dollar. In the early '70's, that same dollar was worth about a quarter by comparison, and as of the late nineties, that same dollar was worth a ...more
Aug 9, 10 10:19 AM appended by Mr. Z
Oh, and don't forget the GLBA, signed by Bill Clinton, which repealed key aspects of the Glass-Steagall Act.
By Mr. Z (11847), North Sea on Aug 9, 10 10:19 AM
< - - - Oh cool everybody, Mr . Z says I am in good company so I can continue to print money with reckless abandon.Great I need to buy more union votes if I just spend spend spend It will all work out! Thanks Mr Z
By Undocumented Democrat (2065), southampton on Aug 9, 10 12:07 PM
You should really read this month's Rolling Stone.

There is a jounalist named Matt Taibbi who has been completely on top of the entire fiscal debacle that has gone down.

Read "How Wall St. Won", and get back to us.

By the way, how much money does the U.S. Treasury hold in it's coffers?

Aug 9, 10 11:23 PM appended by Mr. Z
By Mr. Z (11847), North Sea on Aug 9, 10 11:23 PM
< - - - I noticed you might need a job. Would you like to be my new minister of propaganda? I wanted Joseph Goebbels but he has not returned my calls.
By Undocumented Democrat (2065), southampton on Aug 9, 10 12:12 PM
I already have three.

But thanks, anyway...
Aug 10, 10 11:23 PM appended by Mr. Z
I actually manage my time rather well, and I can be here, as well as moderating a website out here on the "net".
By Mr. Z (11847), North Sea on Aug 9, 10 11:23 PM
Could it be that Bill McGintee was so determined to change the Town's employee insurance to Cook Hall and Hyde because he has friends there to help get his legal fees paid? He was determined from the very beginning. In his letter of resignation he accepted responsibility for all that happened. Don't know how he can now claim to be innocent. He is a disgusting human being who in the end will pay. What comes around goes around.
By housewife (79), east hampton on Aug 9, 10 8:41 PM
First off, if you are going to use a well known expression, try to get it right. The expression is "What goes around, comes around." When you say it the other way it makes no sense.
Second, you are a disgusting human being. You come on here writing personal attacks about an individual you clearly do not know. You make assumptions about his motives for doing things when you HAVE NO IDEA! Someone resigning in no way implies guilt, just complete exhaustion from dealing with ignorant, uneducated ...more
By Bill's Main Man (10), East Hampton on Aug 10, 10 9:39 AM
If he was a "leader", it seems to me he would have overseen the operations, and not only known how funds were being shifted about, but brought in the resources neccessary to right the foolishness, and fiscal malfeasance going on for YEARS.

I don't know what you do, but I hold a managerial position and what it means to take authority for your position, and disseminate that authority of those who work with you. Bill McGintee was not only grossly negilgent, but also and ineffective manager. ...more
Aug 10, 10 9:53 AM appended by Mr. Z
Sorry about any grammatical, or spelling errors, but I didn't proofread. At least it's only a post in a discussion...
By Mr. Z (11847), North Sea on Aug 10, 10 9:53 AM
Bill's main man sure sounds like Bill. And believe me Bill McGintee will get what is coming to him in the end. God will see to that. He is a vindictive, manipulative man who used everyone, even members of his own police department. Rats crawl around at night.
By housewife (79), east hampton on Aug 12, 10 7:20 PM
This comment has been removed because it is a duplicate, off-topic or contains inappropriate content.
By no spin (16), East Hampton on Aug 13, 10 12:35 PM
To Mr.Z. I believe you make some very good points. You seem to have managerial experience and have an understanding of what a managers responsibilities are. My question is have you ever served in government? If not you may not have a grasp of the diffrence between government and business and you may be judging too harshly. (Yes I know how unpopular that statement is and the fools will accuse me of being a friend of McG. But you seem to be more rational then most who write here.) The easy statement ...more
By facts man (148), east hampton on Aug 10, 10 3:02 PM
Regardles of it being business, or government, there are tools, aids, and personnel available to help you when you need it.

To simply throw your hands up once you are "exhausted" because people who are running things with you are not doing their job is wrong. There are options when you have these problems. You call in the D.A., you call in the Attorney General, you go above your own head, take responsibility for your position, and the authority that goes with it. The bottom line is responsibility, ...more
Aug 10, 10 11:06 PM appended by Mr. Z
"If Woody had gone straight to the police, none of this would have happened..."
By Mr. Z (11847), North Sea on Aug 10, 10 11:06 PM
Facts man i hate to agree with you but when your'e right your'e right. Gov't is supposed to do for citizens what they can't do for themselves, military, police, roads, garbage and such, after that if the Gov't would just get out of the way most everyone would be better off.
By montaukman (98), easthampton on Aug 10, 10 5:04 PM
By 27dan (2854), south hampton on Aug 10, 10 9:23 PM
yo Montalk man get with it
Certain segments of the American public – specifically, young people and Democrats – rate both “isms”, "Capitalism" and "Socialism", almost equally.
By local 84 (353), riverhead on Aug 10, 10 10:22 PM
Three things: First, Eric Geismer is as incompetent at Beth Young. McGintee didn't call Ted Hults in December 2006, Hults called McGintee. And it was not about meeting payroll, but about the town purchasing a home for the affordable housing program in Whalebone. As indicated in the Grand Jury Report, the use of CPF funds did not occur as other funding was found for that purchase. Don't take your alleged facts from Ted Hults' alleged confessions.

Second, the alleged confessions by Ted ...more
By cruiser (8), East Hampton on Aug 10, 10 10:48 PM
The big queston cruiser is "does it cover civil lawsuits only or will it cover a criminal investigation, And you know something has anybody here ever read anything in any newspaper defending McGintee except from his family, during the last year. I know I haven't. He has few friends in this town and I heard he has a hard time going out to dinner with his wife. Too bad Bill you really didn't win anything. The poor sucker Ted Hults was the patsy.
By housewife (79), east hampton on Aug 12, 10 7:31 PM
This comment has been removed because it is a duplicate, off-topic or contains inappropriate content.
By no spin (16), East Hampton on Aug 12, 10 10:49 PM
This comment has been removed because it is a duplicate, off-topic or contains inappropriate content.
By eh lover (6), East Hampton on Aug 13, 10 12:21 PM
Housewife, based on the nastiness of your comments and lack of factual information I can only assume that you are Nancy Woodward. That suprises me! After the tornado of 2 weeks ago I had heard that a house from Kansas had landed on you. Further rumors led me to believe that your "sister" Elaine, the wicked witch of the east had absconded with your Ruby Red Slippers. Oh well-so much for rumors.
By Finny's Mom (2), East Hampton on Aug 13, 10 12:49 PM
Housewife: it doesn't bother you that Ted Hults was interrogated three times at the Dutch Motel with out an attorney???? HELLO?????

By cruiser (8), East Hampton on Aug 12, 10 11:52 PM
I agree with you cruiser. Nobody seems interested in the truth.
By no spin (16), East Hampton on Aug 13, 10 12:25 PM
Not true, I am interested in the truth.Big government will ruin this country both on a locale level or on the national stage. What we need is low taxes, free enterprise and charity. If the goverment gets out of the way and lets the system work we will be fine. And that my friend is NO SPIN!
By 27dan (2854), south hampton on Aug 13, 10 6:18 PM
1 member liked this comment
Yep. Free enterprise like unregulated Wall Street and mortgage brokers, Blackwater, Enron, Aurthur Andersen, GE, BP and a host of others. That'll fix everything. And let's replay Reagan: cut taxes on the wealthy 50%, raises taxes on the working man 50%. Trickle up works!

Washington is owned by corporate interests, and you think government is the problem?!
By Noah Way (450), Southampton on Aug 17, 10 11:47 PM

Its government Dan, I figured I should point out your typo before the high and mighty Z condescends on you.
By joe hampton (3461), south hampton on Aug 14, 10 12:34 AM
Nah, I make mistakes like a type-o all the time.

And believe it or not, I am a capitalist. I'm just a pre-Reagan capitalist, before entities like Merrill Lych, and Goldman Sachs SERIOUSLY weaseled their way into running our government.

Are things better for the middle class now that Reagan tax cuts for the wealthy are HALF what they were before he took office, and was Donald Regan's puppet? OR, are they better now, with a crumbling infrastructure, sky high cost of living, and ...more
Aug 15, 10 2:17 PM appended by Mr. Z
Suggested reading: http://www.businessinsider.com/22-statistics-that-prove-the-middle-class-is-being-systematically-wiped-out-of-existence-in-america-2010-7
By Mr. Z (11847), North Sea on Aug 15, 10 2:17 PM