Dan Loeb: Get Behind Harry Wilson

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The Third Point manager has endorsed Wilson for Comptroller, who Loeb says is New York's only hope against riots in the streets. Alternatively, if that's what you want, DiNapoli's your man.

Dear Friends,

I have chosen only one candidate to bring to your attention, that is Harry Wilson for Comptroller of NY State. He has recently tied incumbent Democratic candidate Thomas DiNapoli in the polls. For those of you who are Democrats, this is not a matter of party politics but literally one of whether we want New York the go the way of Greece and go bankrupt because, trust me, that is the course we are headed towards without sound fiscal leadership.

Harry has attracted support from Democrats, Republicans and our independent Mayor Bloomberg; Harry is endorsed by the New York Times AND the Wall Street Journal, the Daily News and the NY Post.

Daniel Heninger’s WSJ article lays it all out: "New York, like California and many other once-important states, is sitting on a public- pension debt bomb. If it blows, it will take great swaths of the productive American economy with it for years. Harry Wilson thinks he can defuse the New York bomb. If Harry Wilson can get the public-pension death spiral under control in New York—and he just might have the professional and intellectual tools to do it—it should be possible to reform pensions in any state. That matters. The United States needs a growth rate well above the 2%-something that the Obama years have allowed. That means the people in all 50 states have to be pulling on the oars. They won't be able to do that if their productive energies are being siphoned into more and yet more taxes that will be demanded— indeed virtually mandated—to pay off these pension obligations. It's Harry Wilson or the deluge."

Harry and DiNapoli are neck and neck at 44% and which is why it is vital for you and to vote and to please pass this onto anyone else who is registered to vote in New York.

Dan

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