Hubris my friends. Hubris. If you give shit, you better be able to take it. Everything is cyclical. Here's a history lesson for your Friday afternoon reading pleasure...
Tom Delay creates TRMPAC to illegally funnel money into State House races. Bill Cerveha is the treasurer. TRMPAC buys a Legislature that elects Tom Craddick as its Speaker. This Legislature ignores pressing issues like school finance to create an unlawful mid-decade redistricting map. Coming off this map, Speaker Craddick appoints Bill Cerveha to the ERS board. Bill Cerveha and the ERS purchase 80,000 shares of KCI, a company owned by notorious voucher proponent James Leininger.
Flash forward 3 years.
Tom Delay is forced to resign from Congress, but is unable to manipulate the system to get off the ballot. He is now destined to be beaten by a Democrat he forced out of office. TRMPAC and its national counterpart ARMPAC are shut down. Bill Cerveha is bankrupt from losing in lawsuits brought by former House members he knocked out of office. The map he helped purchase is redrawn to give more of Travis county to Democrat Lloyd Doggett. It also leaves Republican Henry Bonilla very vulnerable in coming elections. KCI loses a lawsuit, causing its stock to plummet 41%. James Leininger loses $221.76 million dollars.
C'est la vie. For more reading check out BOR, QR, and the ASS.
Perfect summary
I agree. Perfect. Thanks.
Don't you mean AAS...
nope. I spelled it right.
There goes my UT Retirement plan.
http://www.burntorangereport.com/showDiary.do?diaryId=1547
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at August 7, 2006 8:38 AM
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And to think, I was counting today as a total loss. Thanks for the pick-me-up. Glad to hear the love is being passed around to those that deserve it most.