I am waiting for the outrage from liberal bloggers when they hear about the shady business dealings of Terry McAuliffe. It is not limited to Global Crossing, as this little piece points out:
“In one deal, McAuliffe and the fund officials created a partnership to buy a large block of commercial real estate in Florida. McAuliffe put up $100 for the purchase, while the pension fund put up $39 million. Yet McAuliffe got a 50-percent interest in the deal; he eventually walked away with $2.45 million from his original $100 investment. In another instance, the pension fund loaned McAuliffe more than $6 million for a real-estate development, only to find that McAuliffe was unable to make payments for nearly five years. In the end, the pension fund lost some of its money, McAuliffe moved on to his next deal, and fund officials found themselves facing the Labor Department’s questions.”
I know I will be waiting for a while, because there really is no outrage over Bush and Cheney- it is merely partisan politics. Remember, this is the party that has multiple definitions of the word ‘is.’ To prove it, Democrat flack addresses why Dems are not worried about the DNC chair’s business dealings:
A Democratic-party spokeswoman dismisses suggestions that McAuliffe’s record might damage his credibility. “First of all, Terry McAuliffe isn’t president of the United States,” says the DNC’s Jennifer Palmieiri. “He doesn’t have the responsibility or the ability to restore confidence in the markets.” Second, Palmieiri says, “We’re holding Bush to Bush’s standard – the standard he has laid out for corporate CEOs. He should follow that example. He has not been upfront with what his own situation was.” Finally, Palmieiri says, the business records of Bush’s Democratic critics are far less important than the fact that they support the Sarbanes corporate reform bill. “Whatever their business dealings are, and whatever they have done in the private sector,” Palmieiri says, “they still want to support the most responsible reforms available.”
My favorite line:
“Whatever their business dealings are, and whatever they have done in the private sector,” Palmieiri says, “they still want to support the most responsible reforms available.
Translation: It does not matter if Democrats were lying, cheating, dirtbag, screw-the-poor moneygrubbers in the past. They have now seen the light and realize that massive government intervention and a number of new layered laws can fix the problem.