A longtime county-level politician whose job is to invest millions, or an experienced
professional who invests billions for his clients?
Better experienceto increase the return on our investments
Michael is a tested professional; he’s been dealing with investments larger than Washington State’s own budget. He’s a leader of financial teams which are making great profits for his clients. He was trusted investment advisor to someone like Bill Gates, as Michael helped manage Bill and Melinda Gates’ personal money – more than $70 billion at their firm Cascade Investments. If it was your money (and it is), whose best practices would you rely upon to improve our state’s returns on investments? His opponent deals in millions; Michael deals in billions.
Innovationto meet changing market conditions
Market forces are changing and the strict strategies of yesterday are needlessly costing us dollars that our state’s pension investments and tax dollars should be earning through safe investment best practices that are followed every day by the most prudent businesses. Michael is a professional whose experience gives him an advantage and can update the limited ways government usually invests its funds. Our tax dollars and pension funds can get higher returns and still be safe, but it’s highly unlikely that would happen with a county treasurer who has never invested a billion dollars – much less tens of billions.
Strategic Advisorfor state investments and use of your tax dollars
How we invest our dollars should not be a Democratic – or a Republican – process. Michael Waite is not a lifetime politician – he’s a lifetime professional finance leader. He’ll take on sacred cows like our rising state debt — some $2,800 for every man, woman and child in the state. In fact, Washington is the sixth largest debt-holding state in the country (per capita). He’ll speak out on special interest-driven tax policies that mean less for public education funding. Both parties are guilty of adding to our debt. Michael can be an objective voice regarding how — and how much — the legislature is spending.