Goldman Sachs (GS), for example, lost several teams of proprietary traders, including Bob Howard, head of its Principal Strategies Group, and eight traders who reported to him, to KKR (KKR).

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People like Bob Dole and Howard Baker had proposals with Tom Daschle, very similar to what is proposed here.

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Granted, it's not easy trying to run the Senate and run for president at the same time, as Bob Dole and Howard Baker (and before that, Lyndon Johnson) learned.

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Now, you may not agree with Bob Dole and Howard Baker, and, certainly you don't agree with Tom Daschle on much, but that's not a radical bunch.

WHITEHOUSE: President Obama Takes Questions at GOP House Issues Conference | The White House

Bob Dole and Howard Baker, two Republican Senate leaders.

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The component parts of this thing are pretty similar to what Howard Baker, Bob Dole, and Tom Daschle proposed at the beginning of this debate last year.

WHITEHOUSE: President Obama Takes Questions at GOP House Issues Conference | The White House

Howard has won the confidence of national manager Bob Bradley after establishing himself as a regular with English Premier League club Everton following a spell at Manchester United, where he was a fringe figure.

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For that, there is a powerful precedent in previous Labor governments' free-market reforms, under prime ministers Bob Hawke and Paul Keating, which helped pave the way for the economic boom of the Howard years.

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