I was a bit surprised, in light of his running mate, to hear Barack Obama making reference to Delaware’s lax regulatory environment. But I think it’s a good pretext to repost my Joe Biden / Promise Ring mashup video:
Hell, why shouldn’t he reference Delaware? Delaware’s laws are the responsibility of the Delaware Legislature, not the US Senate. The issue of registering corporations in DE isn’t a secret.
As chairman of the telecom and energy committees, McCain ofte talked about the sound of the phone outside of texaco, from bell south down to a southern bell.
Except that Delaware corporate law has been established by generations of precedent in the Delaware courts, and any reform of Delaware law would be the responsibility of said courts, the Delaware state legislature and/or the governor of Delaware. The United States Senate and Joe Biden have nothing to do with it.
You can no more tie Joe Biden to this than you could tie Barack Obama to the latest pay to play scandal at Chicago city hall or John McCain to a misguided local ordinance put forth by the Scottsdale city council. Which is why McCain didn’t even try.
October 7th, 2008 at 11:19 pm
Hell, why shouldn’t he reference Delaware? Delaware’s laws are the responsibility of the Delaware Legislature, not the US Senate. The issue of registering corporations in DE isn’t a secret.
October 7th, 2008 at 11:24 pm
As chairman of the telecom and energy committees, McCain ofte talked about the sound of the phone outside of texaco, from bell south down to a southern bell.
October 7th, 2008 at 11:28 pm
I heartily approve of this Promise Ring reference. That’s such a fantastic album.
October 8th, 2008 at 12:30 am
Except that Delaware corporate law has been established by generations of precedent in the Delaware courts, and any reform of Delaware law would be the responsibility of said courts, the Delaware state legislature and/or the governor of Delaware. The United States Senate and Joe Biden have nothing to do with it.
You can no more tie Joe Biden to this than you could tie Barack Obama to the latest pay to play scandal at Chicago city hall or John McCain to a misguided local ordinance put forth by the Scottsdale city council. Which is why McCain didn’t even try.
October 8th, 2008 at 12:33 am
I thought banks preferred to set themselves up in North Carolina, because the legal environment there makes it difficult to sue banks.
October 8th, 2008 at 12:59 am
I thought it was clever politics. It served two purposes:
1. If you’re going to criticize a state, then criticize one that you have no chance of losing.
2. It was a subtle way to show Obama will criticize the left and “take on corruption”.
October 8th, 2008 at 7:56 am
Obligatory DC-area joke:
Delaware? That’s in Maryland, right?
October 8th, 2008 at 9:23 am
I am impressed you know this song. Bringing back sacred memories of speeding around Cape Ann in high school, feeling alive. Props.
October 8th, 2008 at 12:01 pm
yes, good choice of song. They used to stay at my house when the played Boston. It was a sweet time.
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