In theory, the MSRB is supposed to protect the public interest, investors, and state and local governments. In practice, the MSRB membership structure is more shaded toward protecting the financial professionals who broker the deals.
The federal government gets a lot press, and that's what the media talks about, but your state and local governments, in many ways, have more impact on your life than the federal government does.
Our ports are owned by local governments who are responsible for the ports. It is the Coast Guard and Customs that provide security. The federal government will never outsource our security.
The federal, state, and local governments are involved in virtually every aspect of business.
It is hard to be enthusiastic about the economy's prospects when house prices are falling: Households spend less, small business owners can't use homes as collateral for loans and local governments are forced to cut jobs and programs as property-tax revenue disappears.
In 1984, the Federal Trade Commission released a report that explained why taxis could charge customers exorbitant prices for dismal service. The simple reason, according to the 176-page study: lack of competition in the market. The culprit: local governments.
State and local governments in New Jersey are a critical line of defense in the effort to respond to COVID-19.
We need to focus on the speed with which local governments can work with businesses.
Objectively speaking, Traf-O-Data was a failure as a company. Right as our business started to pick up, states began to provide their own traffic-counting services to local governments for free.
As a candidate for Congress, I proposed a federal infrastructure bank to help local governments fund badly needed projects, including ones in my district. We need to repair and expand our crumbling transportation systems by creating many good-paying construction jobs.
