Mr. Wall Street Runs Against Tierney
If you think that Wall Street financial speculators hold the key to economic recovery for the United States, then you’ll love the idea of the campaign to put David Sukoff in the House of Representatives. Sukoff is aiming to replace John Tierney in the seat for the sixth congressional district in Massachusetts.
Sukoff made a great deal of money as a hedge fund during the height of Wall Street’s speculation bubble, enjoying the lack of reasonable regulation of his industry before the crash of 2008. Sukoff then took his money and went off to live in Massachusetts, enjoying an early retirement before the age of 40. Sukoff doesn’t describe the end of his career in that way, of course. He describes himself as having “left the day-to-day operations of the fund in the hands of his partner” – making money without having to work for it any more.
Of course, Sukoff doesn’t only sit at home, enjoying the ability to sleep in as late as he likes. Sukoff has found activities to fill his time with, volunteering as a lacrosse coach, assisting on his town government’s committees, and sitting on the board of a non-profit organization.
Still, the fact remains that Sukoff cannot truly be counted among the class of Americans who work for a living. At a time when there are 6 people looking for work for every job that’s being offered, Sukoff’s elite alternative lifestyle creates serious questions about whether he is qualified to fairly represent the working families of Massachusetts.
The Dave Sukoff for Congress campaign has yet to present any document explaining his economic vision, so we’re left to speculate. Will Sukoff suggest that out-of-work Americans turn their fortunes around by speculating with hedge funds?
[...] David Sukoff made his fortune working for a hedge fund on Wall Street. But, unlike many of the hedge fund’s investors, he pulled out before the crash of 2008. He took his money and retired, still in his early 30s, to the town of Bedford, Massachusetts. [...]