Steve Murphy joined us to describe his credentials and how he would take a more aggressive approach to being treasurer of the commonwealth. He and Steve Grossman are headed to the June 5th Democratic convention, with the likelihood that each will get the required 15% of delegates and face off in the September primary. The winner of that would go into the general in November against the GOP’s Karyn Polito.
Murphy sees the office as a place to create jobs and keep businesses perking. He differs from Grossman in wanting to set aside a half billion dollars of state pension funds to seed company expansion and jobs growth directly. He says the treasurer “has not been aggressive enough” in this role. He said that he first proposed such a plan before this great recession, in 2002, when he ran unsuccessfully for treasurer in a field of four Dems. His idea of funding such an effort solely with state money would be “not to buttress banks but to be the bank.” Rather than meld money from banks in such an effort, he said his approach would be “cleaner and neater.”
Murphy portrays himself as the only working-class candidate in the field. That’s important, he said, in that the treasurer should thoroughly understand “the world of finance, but not be intrinsic to it.”
Listen in as he talks of how the state can help municipalities make up the loss of revenue sharing from the state and federal levels. This includes gambling (he favors House Speaker Robert DeLeo’sÂ casino/slot plan). He also wants serious health-cost reform, particularly of insurance, to help cities as well as individuals.