Saturday, August 23, 2008

The Case for Chris Cox as McCain's VP


What does Christopher Cox bring to the table in terms of executive experience and the economy? A LOT!!

Christopher Cox is the 28th Chairman of the Securities and Exchange Commission. He was appointed by President Bush on June 2, 2005, and unanimously confirmed by the Senate on July 29, 2005. He was sworn in on August 3, 2005.

During his tenure at the SEC, Chairman Cox has made vigorous enforcement of the securities laws the agency's top priority, bringing ground breaking cases against a variety of market abuses including hedge fund insider trading, stock options backdating, fraud aimed at senior citizens, municipal securities fraud, and securities scams on the Internet. He has assumed leadership of the international effort to more closely integrate U.S. and overseas regulation in an era of global capital markets and international securities exchanges. He has also championed transforming the SEC's system of mandated disclosure from a static, form-based approach to one that taps the power of interactive data to give investors qualitatively better information about companies, mutual funds, and investments of all kinds. In addition, as part of an overall focus on the needs of individual investors, Chairman Cox has reinvigorated the agency's initiative to provide important investor information in plain English.

What does Christopher Cox bring to the table in terms of legislative experience and the economy? A LOT!!

In the US House Chris Cox was Chairman of the Task Force on Capital Markets; and Chairman of the Task Force on Budget Process Reform.

In addition, he served in a leadership capacity as a senior Member of every committee with jurisdiction over investor protection and U.S. capital markets, including the House Energy and Commerce Committee (as Vice Chairman of the Oversight and Investigations Subcommittee); the Financial Services Committee; the Government Reform Committee (as Vice Chairman of the full Committee); the Joint Economic Committee; and the Budget Committee.

Among the significant laws he authored were the Private Securities Litigation Reform Act, which protects investors from fraudulent lawsuits.

In 1989, Polish President Lech Wałęsa joined Cox in a Washington ceremony marking the enactment of Cox's legislation establishing the Polish-American Enterprise Fund. Together with the Baltic-American Enterprise Fund, the Hungarian-American Enterprise Fund, and seven other enterprise funds in Central and Eastern Europe and the former Soviet Union, the Cox legislation, incorporated in the Support Eastern European Democracy (SEED) Act, matched U.S. foreign aid with venture capital in the newly free countries of the former Warsaw Pact.

Christopher had a very important role in President Reagan's White House.

From 1986 until 1988, Chairman Cox served in the White House as Senior Associate Counsel to the President. In that capacity, he advised the President on a wide range of matters, including the nomination of three U.S. Supreme Court Justices, reform of the federal budget process, and the 1987 stock market crash.

What does Chris Cox bring to the table in terms of private sector business experience and education? A LOT!!

From 1978 to 1986, he specialized in venture capital and corporate finance with the international law firm of Latham & Watkins, where he was the partner in charge of the Corporate Department in Orange County and a member of the firm's national management.

In 1982-83, Chairman Cox took a leave of absence from Latham & Watkins to teach federal income tax at Harvard Business School. He also co-founded Context Corporation, publisher of the English translation of the Soviet Union's daily newspaper, Pravda. In 1977-78, he was law clerk to U.S. Court of Appeals Judge Herbert Choy.

In 1977, Chairman Cox simultaneously received an M.B.A. from Harvard Business School and a J.D. from Harvard Law School, where he was an Editor of the Harvard Law Review. He received a B.A. from the University of Southern California in 1973, graduating magna cum laude after pursuing an accelerated three-year course.

What personal circumstances does Chris Cox bring to the table that will benefit John McCain?

Chairman Cox was born October 16, 1952, in St. Paul, Minnesota. Chris Cox is a Catholic. Chris Cox is pro-life rated 0% by NARAL. Rated 92% by the Christian Coalition: a pro-family voting record. Rated 71% by CATO, indicating a pro-free trade voting record. Rated A by the NRA, indicating a pro-gun rights voting record. Rated 100% by FAIR, indicating a voting record restricting immigration.

I think Christopher Cox will make an excellent choice as McCain's VP based on a lot of the information I gleaned from here and here. Some are going to tell me that the problem with Chris Cox is that he is not former Gov. Mitt Romney or current Gov. Tim Pawlenty. The argument that Romney can help McCain in Michigan and Pawlenty can help McCain in Minnesota. My purpose is not to make a case against a VP pick, and I do not have anything against them. I just think that there is a good case for a Minnesota born pro-life Chris Cox to be a help and not a hindrance as his VP.

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