posted on March 12, 2006 12:58
State Treasurer Richard Moore led the pack of Democratic candidates running for Governor by raising an impressive $1.28 million for his campaign last year.
But retired Deputy State Treasurer, Charles Heatherly, has raised some interesting questions about how Moore raised that $1.28 million. According to Mr. Heatherly, “Much of the money came from people who do business with his [Moore’s] office. While that might appear to be a conflict of interest, it is legal under the rules set by the General Assembly” (News and Observer 3/3/06).
I might add those rules were actually written by the Democrat majorities that control the State House and Senate.
Mr. Heatherly adds, “Since becoming Treasurer in January 2001, Moore has expanded the number of outside managers hired to manage public pension funds and has increased the manager’s compensation.”
Which is another way of saying that by hiring more fund managers, Treasurer Moore increased the number of people he can raise money from.
Heatherly continues, “The fact that the custodian of North Carolina’s pension funds is allowed to solicit and collect campaign contributions from fund managers who serve at his pleasure raises a serious issue of fiduciary accountability. Perhaps we should be impressed that Moore has persuaded hundreds of out-of-state residents, including two dozen persons who list their occupations as ‘homemaker,’ to contribute the $4,000 maximum allowable contribution to his political campaign. It would be commendable to learn that these folks in widely dispersed locations throughout the United States, including Iowa, New York, New Jersey, Connecticut, Florida, Missouri and California, gave to his campaign primarily because of their concern for good government in North Carolina.
“In the case of some of the homemakers, however, the fact is they share a last name and a home address with another contributor whose occupation appears to be connected to the pension investment business gives rise to other concerns.”
In other words, to use a euphemism, Moore is ‘shaking down’ pension fund managers for campaign contributions. Which is perfectly legal.
Heatherly says the solution is simple. “First, the General Assembly should enact a law prohibiting the custodian of public pension funds from accepting contributions or any gifts from those he or she hires to manage funds.”
My question is, Why hasn’t the legislature already done that? The answer is because this is how the Democrats in the Governor’s Mansion and the General Assembly have done business for years. This is how they raise the money to pay for their political campaigns.
And what does Treasurer Moore have to say to defend himself?
His Chief of State Staff, Stacey Phipps responded on his behalf. Phipps wrote, “Every elected official in North Carolina, such as the Governor, Lt. Governor, Attorney General, and members of the General Assembly, receives campaign contribution from individuals or organizations that either do business with or are regulated by the State.”
Now, there’s a ringing defense. Everybody ‘shakes down’ the people who do business with the State, so it’s fine.
I don’t see much difference between what House Speaker Jim Black has done and what Richard Moore is doing. It certainly sounds like Moore is practicing his own version of ‘pay to play.’
The only difference is Black, at last, has come out for banning donations from, and fundraising by, lobbyists. Richard Moore, Governor Easley, and Senate Leader Marc Basnight haven’t done that. And the only logical conclusion to draw from their silence is, to them, it’s fine to let ‘pay for play’ continue to be business as usual in North Carolina.
Thursday, March 30, 2006 2:01 PM
6 Comments »
Unless Mr. Moore has done something to piss off the owners/editors of the NandO, he has nothing to worry about. Whereas the owners/editors of the NandO are very hungry (or horny) for Speaker Black. Perhaps this is “payback” for not listening (or dis’ing) the NandO and going ahead and bringing a Lottery to this State. Funny, that the NandO doesn’t even mention the Governor on this issue, as he did sign the lottery into law, only Speaker Black.
If there is a story, and it is not reported, then is it really a story?
Comment by Uncle Ruckus — March 8, 2006 @ 1:57 pm
Why are you not also skewering the Republicans in Congress whose shakedown of those who do business with the feds makes what is going on in NC look like chicken feed.
How about Liddy Dole and your friend Mark Stephens at the RSCC. The have raised far more then 1.28 million from people and companies with a direct financial interest in Federal Legislation, yet I noticed you didn’t include them in your tirade.
Or perhaps Rep. Duke Cunningham, who had a menu for personal bribes for defense contractors.
Something about glass houses and stones comes to mind.
Comment by WhalerCane — March 8, 2006 @ 3:44 pm
“The have raised far more then 1.28 million from people and companies with a direct financial interest in Federal Legislation…”
Is there anyone on the planet who does NOT fit this description?
Comment by Jim Stegall — March 8, 2006 @ 4:31 pm
The N&O is also ticked off at Jim Black because Black kept the N&Os liberal fair-haired boy Dan Blue out of the Speaker’s seat after he lost it in 1994 to the House Republican Harold Brubaker.
But also, Mr Wrenn, in regards to your comment: “I might add those rules were actually written by the Democrat majorities that control the State House and Senate.”
In 1994 and 1996, House Republicans under Speaker Brubaker had control of the State House majority. And the Republicans did nothing to reform campaign finance, lobbying or ethics reform.
In fact, Brubaker fell under extreme scrutiny and investigation by the FBI, SBI and State Board of Elections over his campaign fundraising tactics. (Where is he today on these topics? He has said nothing!)
What better time for the House Republicans to have led a charge to make meaningful reforms. But no, the Republican leadership buried Rep Julia Howards (R) reform bill in committee.
Now look at the feds - the other night CNN reported that the Senate Committee looking into establishing an Ethics Office voted against such an effort - led by the Republican majority vote. With all the mess in DC surrounding Tom DeLay and others - one would think the Republicans would lead the charge for reform. But no, just like in NC in 1994 and 1996 - Republicans did nothing to make changes.
I agree - Richard Moore has had his hands too deep in the pockets with the people who hold contracts with his office.
Comment by Abe — March 8, 2006 @ 6:13 pm
Why is it that when a Democrat is caught with his hand in the cookie jar the True Believers cannot admit or concede something is amiss without the requisite “they all do it”?
Right here, right now it’s 2006. the GOP has not had control of the legislature since Reconstruction. For 2 years they had one half of the legislature, that’s it. The GOP has had effective control over nothing in this state for over a hundred years.
You folks are tedious.
Comment by JohnB — March 8, 2006 @ 7:10 pm
Well when the Republican Party can get some new leadership with new thinking - instead of Blount Hawke and Pope tribe that only see things one way - their way or the highway - they might stand a chance.
But continue the internal fights and witchhunts to weed out anyone that doesn’t agree with his lordship almighty Pope the Republicans will stay divided.
The Moore County Republican Party had it correct when they sent the message to the State Republican Party the other day - stay our of our local primary campaigns.
Comment by Abe — March 9, 2006 @ 12:49 pm
Wednesday, May 19, 2010 2:28 AM
louis vuitton speedy
is the favor of all ages that is proud of its elegant charm of appearance, the stable popularity and the basic styles of many Louis Vuitton entering level handbags. louis vuitton neverfull bags
To all of you who have been anxiously waiting for the hot new louis vuitton
.you can be sure that you have the best style and protection when you wear louis vuitton evidence
Saturday, July 17, 2010 2:58 AM
Lo Pro Button Boots
is the use of wood buckle design snow boots, first let you have an incurable love it, absolutely love to wear after the happy-like taste. Ugg Lo Pro Button Boots
button, and in the Gaotong unique design, can make MM appear too slender and sexy legs. UGG's success is due to its commitment to meet the customer's personal and lifestyle needs, from the most primitive nature, inspiration, innovative design, improve the technology, customers around the world launch of comfortable and high quality Women's Ugg Lo Pro Button Boots
, with a broad-brush and return to the natural style is sweeping the world.
Friday, July 23, 2010 4:18 AM
Undoubtedly Nike kobe shoes
has once again proven itself in the lightweight segment of shoes also with its collection featuring the new Foamposite Lite. Its urbane range exclusively designed Nike shoes
for the basketball champions offers the highest level of flexibility, support and breathability. This basketball shoes have a polyurethane top with a synthetic protective covering over it. The inner Nike air max
mesh that you see adds more comfort and gives a more secured fitting. Also, the Nike Free
foam thickness is such that is reduces the overall weight of the shoe and provides more firmness while playing.The popularity of basketball Nike Free 7.0
has made it the sport of choice for many people and also inspired great innovations in shoe designs among the manufacturers. The Nike shoes
brand has continued to offer the competition a real run for their money. Nike basketball kobe shoes
are in a class of their own because of the cutting edge technology and creative designs used for these and other Nike shoes. To enable customers enjoy their products at wallet-friendly prices Nike basketball shoes discounts are on Nike air max
offer.There are tons of sporting lebron shoes
for every basketball player from Nike. From the NBA superstar to the kindergarten kid who aspires to be the next big thing, Nike kobe shoes
has your sporting shoes requirements catered for. The range is wide and features shoes themed on some NBA legends and current stars. Popular brands include Nike Free 7.0
Zoom Kobe V, Zoom Sharkley iD (Wide) basketball shoe, Hyperize TB Three Quarter basketball shoe, Air Zoom Flight Five iD basketball shoe, LeBron Air Max VII,Nike air max
Hyperdunk iD among others. Nike shoes are meticulously designed to make your basketball sporting events memorable.
The Nike 6.0 Dunk High,air shoes
as the name suggests, belongs to the family of 'high' Nike Dunk products, relatives to it in that family being the likes of the 'Custom Nike Dunk High Back to the Future,' the Nike 6.0 Dunk High Black Coral, the Nike airmax
6.0 Dunk High Mint and the Nike Dunk Dinosaur Junior, to name but just a few of all 'high' nike free
products. I didn't really know why there seemed to be so much buzz around the 'High' Nike Dunk products, until I got to use the Nike High - a nike free 5.0
shoe that I have since (in the few months of my using it), gotten thoroughly enchanted with. In keeping with its name,air shoes
the Nike 6.0 Dunk High is a truly high shoe in the real sense of the word 'high.' The shoe's height is, however, not entirely based on its sole thickness, because as far as dunk sole thickness goes, the thickness of this Air Max 90
shoe's sole is pretty much average. The height of the Nike 6.0 Dunk High is, on the contrary, most manifest on the nike free
shoe's upper body; where the shoe starts off quite low at the base (where the toes go into the shoe);Nike Air Max 2009
and then grows in height as it progresses towards the center, to reach a peak height at the end of the air max
shoe's tongue (approximately at the center of the shoe lengthwise) - before falling slightly towards the back of the airmax
shoe, perhaps in a bid to ensure the wearer's comfort. The vertical stripes engraved on the shoe's 'protruding' sole on the low-most part of the nike free 5.0
shoe also contribute in making these dunk appear taller than it would be when gauged with a tape measure.Besides height,air shoes
another highly remarkable feature of the dunks is its multi-color properties, and in this regard, thenike free
seems to be unabashedly colorful. My own pair, for instance, has at least 6 colors that I can count: starting with the black that is painted on a portion of the shoe's sole that borders the upper body of the airmax
shoes, moving onto the yellow which colors the shoe's sole, and Nike Air Max 2009
moving onto the pink that colors the Nike tick appearing on the body of the shoe. Other colors on my pair of the Nike 6.0 Dunk High include a shade of light blue on two small sections of the air max
shoe (towards the front and on the back-most part of the shoe's upper body), the white on the shoe's laces, and a tint of light-grey on running diagonally from the lower section of the back-most part of the shoe's upper body, all the way the highest point of the nike free 5.0
shoe near the tip of the tongue.
Wednesday, July 28, 2010 5:04 AM