Warren Mosler to Announce Candidacy for U.S. Senate in Connecticut

GUILFORD, Conn., March 22 /PRNewswire-USNewswire/ -- Warren Mosler, Democrat, announces his intention to run for the U.S. Senate from Connecticut. The official announcement will take place on March 24 at Alina's Ristorante, 950 Yale Avenue, Wallingford, Connecticut. 

A Manchester, Conn., native and graduate of Manchester High School (1967) and the University of Connecticut (1971), Mosler has recently relocated to Guilford, Conn., to seek the nomination for the Democratic primary. He has entered the race as a matter of conscience, not ambition, to promote his agenda to fix the economy in 90 days.

"When a doctor sees someone bleeding, they offer assistance," said Mosler. "I see our economy crumbling, and my specialized knowledge and experience make me uniquely qualified to offer to fix it."

He supports the traditional Democratic approach that the American economy works best when people working for a living take home enough pay to buy the goods and services they produce, and when growing sales to businesses competing for those consumer dollars funds the millions of new jobs we desperately need. 

His Mosler Economic Restoration Plan has three core proposals to promote his 'bottom up' agenda to fix the economy in 90 days:  

1. A full payroll tax (FICA) holiday that increases the take home pay of workers earning $50,000/year by over $300/mo. 
2. A $500 per capita revenue distribution to States.   Connecticut would receive approximately $1.75 billion.
3. An $8/hr. job for anyone willing and able to work to facilitate the transition from unemployment to private-sector employment as the economy rapidly recovers. 

"I was encouraged to run by Tea Party supporters who support my core Democratic populist agenda of lower taxes, competitive market solutions, and limited, constitutional government," said Mosler.   

Mosler's 37 years of specialized banking and finance experience make him uniquely qualified to understand the operational fact (not theory) that Federal spending is not dependent on revenue, nor is the U.S. dependent on China or anyone else for funding.  He knows it is not a problem to both cut taxes and meet all Social Security and Medicare payments, as we proudly express America's moral commitment to support our elders.

Mosler further asserts that Democrats should not support regressive taxes such as 'cap and trade' proposals that disproportionately place the burden of change on those who can afford it the least. 

Mosler began his career at the Savings Bank of Manchester in 1973, and then Bache in Hartford, before moving to Banker's Trust on Wall St. in 1976.  He co-founded his investment firm in 1982, turning over majority control to his partners in 1997 while retaining a minority interest. He visits the Federal Reserve Bank regularly to discuss monetary policy and operations.

For more information on Warren Mosler's candidacy and economic platform, visit www.MoslerforSenate.com.

SOURCE Mosler for Senate