This one’s an investment banker who served one term in the Assembly before losing his Manhattan Beach seat to the Democrat he’d originally ousted.
Former Assemblyman David Hadley declared his candidacy for governor Wednesday, calling himself the only candidate “who can forge the majority coalition to ensure that California is once again a land of opportunity, enterprise, equality under the law, free speech and tolerance.”
“I am running for governor because for too many Californians, our state is no longer the beacon of opportunity that it once was and should be again,” the Republican from Manhattan Beach told City News Service.
“California remains the place where the future is being imagined and created — in our universities, aerospace, Silicon Valley, the biotech industry, Hollywood.
But for far too many, the California reality is public schools in the bottom 10 percent of the country, losing middle class jobs unless you have a (science, technology, engineering or mathematics) degree, unaffordable housing, terrible traffic and lousy roads … man-made water shortages, a pension crisis that is going to devastate government services and taxpayers.”
Hadley was elected to the Assembly representing the South Bay area in 2014, defeating Democratic incumbent Al Muratsuchi. Muratsuchi won the rematch in 2016.
Hadley is president and CEO of the investment banking firm Hadley Partners Inc. He previously worked for the investment banks Bankers Trust and BT Alex. Brown.
Hadley is the third Republican to enter the race following Rancho Santa Fe venture capitalist John Cox and Assemblyman Travis Allen, R-Huntington Beach.
Four Democrats are seeking to succeed Gov. Jerry Brown — who can’t run for re-election because of term limits — Lt. Gov. Gavin Newsom, former Los Angeles Mayor Antonio Villaraigosa, state Treasurer John Chiang and former State Superintendent of Public Instruction Delaine Eastin.
Under California law, candidates from all parties will appear on the June 2018 ballot, with the top two, regardless of party, advancing to the November general election.
Hadley called California’s poverty rate — the highest among the 50 states when adjusted for the cost of living — “a disgrace to a state that is wealthy in so many ways.”
Hadley said the keys to reducing poverty in California are improving its public education system and vocational and technical education opportunities “so Californians are ready for the jobs of the future”; reducing the cost of necessities like gasoline, utilities, housing, health insurance, taxes and education “that are so burdensome to lower wage opportunities”; and keeping a broader range �of companies and industries in California.
“We need to grow our manufacturing, distribution and other industries that California policy has done so much to push out of the state,” Hadley said.
Hadley promised Californians that as governor he would be “100 percent focused on the priorities they have for our state government — better public schools and more educational options including career, vocational and apprenticeship opportunities, on growing and keeping high-wage, middle class job opportunities in California.”
Hadley also promised to roll back the recent gas tax increase, kill the planned high speed rail project and invest those funds in water, roads and local transportation.
“I am not here to engage in culture wars, to fan the flames of political polarization or to distract Californians from the real challenges we face,” Hadley said.
Hadley said voters should vote for him “because I have not spent most of my life in government, but I have been close enough to government in the state Legislature to know what our most severe challenges and opportunities are and how to start to address them.”
“I have a vision for California that is aligned with the values of most Californians — of opportunity, of enterprise, of the dignity of work from entry-level jobs to the boardroom, of legal equality, tolerance and free speech, of government that is responsible for providing a safety need for those of us who need it but that also recognizes that the safety net can’t be a way of life,” Hadley said.
—City News Service
>> Want to read more stories like this? Get our Free Daily Newsletters Here!Follow us: