By  on August 27, 2012

What about the issues?

That’s the major question members of the financial community have as the presidential campaign hits high gear, with the Republican Party postponing the start of its convention in Tampa, Fla. to Tuesday due to Tropical Storm Isaac, where it is expected to formally nominate Mitt Romney as its candidate. The Democrats follow in Charlotte, N.C., next week, where President Obama will get the nod.

Financial industry executives bemoan the fact that, so far, the campaign seems more about slinging mud than talking policy.

“The campaign has become much too nasty, which is distracting from the key issues,” said Gilbert Harrison, chairman of Financo Inc. “Neither of the candidates nor Congress, nor even the public, are focusing on what should be done.”

Paul Charron, senior adviser at Warburg Pincus and a former chief executive of Liz Claiborne Inc., said, “Instead of doing what your mom told you that ‘When you build yourself up, you don’t do it at the expense of others,’ now we tear others down.”


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