View Article
08

The newspapers have blasted Richard Moore’s shaking down state pension fund managers for campaign contributions. Moore’s response: He’s pulling the ‘old bait and switch.’

Moore, spewing statistics, claims it doesn’t matter how much he’s raised. All that matters, he says, is how the funds have performed. Which according to him is just dandy.  Moore calculated ‘what the market value of pension funds would have been over the last six years if the assets were invested as they were under former Treasurer Harlan Boyles’ leadership.’ Voi-la, he says, we made $4 billion.

But what’s to say Boyles wouldn’t have changed his investment strategy over six years as market conditions changed? If Boyles were here to defend himself he might say, Voi-la, we made six billion. 

Worse from Moore’s perspective, according to the News and Observer, his investment strategy has resulted in lower return for North Carolina than the average of pension funds nationwide. So much for hoo-doing the numbers. 

Can’t Richard Moore see just an itty-bitty conflict of interest in paying money managers $116 million, then soliciting $700,000 in campaign contributions from them? No. Is he going to stop? No. What consequences does he face? None.

The only elected officials with the power to hold Moore accountable are Democrats and Moore’s version of pay-to-play doesn’t seem to bother the Governor anymore than Jim Black’s did.

But there’s a silver lining in this cloud. If Moore’s fellow Democrats remain silent long enough, he may actually win the Democratic primary for Governor – then Republicans will have plenty of fodder for TV ads in the next election.

Click Here to discuss and comment on this and other articles in our Forum.

Actions: E-mail | Permalink | Comments (4) RSS comment feed |

Comments

jordansbox
# jordansbox
Thursday, July 22, 2010 8:39 PM
Welcome to visit our website, where you will find kinds of supra vaider low grey white offered at incredible wholesale prices.


mbt chapa shoess are made crafted and finished by hand. Materials are selected carefully.


if you are interested in supra trinity ns white black shoes, do not hesitate to it, just do a try, you will find its good soon.


sergio aguero argentina world cup jersey Lets you easily fitness.


We offer great products such as womens ugg boots, womens ugg boots, womens ugg boots and so on,you can visit our site.


we offer high quality cheap mbt tataga.


jiajia
# jiajia
Friday, July 23, 2010 4:00 AM
The easiest way to take advantage of the air shoes discounts offered by Nike on its running shoes and other products is to obtain Nike running shoes discount coupons. These coupons are available at a number of online Air Max 90 sources which also means that you can obtain yours immediately. The savings that you make with your discount coupons are sometimes quite substantial.Discounts on nike free running shoes are also available during the holiday airmax seasons. You should therefore keep an eye out for any promotions around the major holidays like Thanksgiving and Christmas. Whether you buy your Nike air max shoe at a discounted price or you are in a hurry and cannot for the seasonal discounts, a nike free 5.0 shoe is a treasure you will always be happy to possess.Nike air shoes has always lived up to the reputation of being a forward thinking brand. It's been loved for its quality and innovative designs. The truckloads of Nike Air Max 2009 products are enough to keep you grinning from ear to ear. Irrespective of your area of expertise, there is a Nike shoe for everyone out there. Nike makes specialized nike free shoes for sports depending on the sport's requirements, like high ankle, better airmax heel cushion or flexible toes.The Nike Zoom Air is a thin material that provides cushioning inside the midsole of the shoe. Depending on the application this can be Air Max 90 segmented into the heel and toe, lay flat on the entire stretch of the air max shoe, or even just be present in the forefoot portion of the running shoe.Nike free 5.0developed this technology to provide cushioning while maintaining extreme responsiveness.
The dictionary defines the athletic shoe or sneaker as "a sports kobe shoes usually made of canvas and having soft rubber soles; also called tennis shoe." As today, uppers can be of leather, nylon, canvas, plastic, or combinations of these, Nike shoesand the shoe bottom surface has come to include any type of natural or synthetic rubber soles, tennis shoes are not equivalent to any other type of athletic shoe types. Sure, the term "tennis shoes" has become a generic term for athletic shoes, but this lebron shoes should not give the wrong impression to people that all sports shoes are the same or that one should wear them interchangeably regardless of the game/sport played. Running shoes on a tennis court, for example, are a sprained or broken ankle waiting to happen. Nike Free 7.0 Running shoes are built with a thick, soft heel to maximize cushioning for straight-forward, heel-to-toe foot impacts. Playing tennis is all about sudden starts and stops, as well as moving quickly from side to side. The trouble is that, during extreme stopping, Nike air maxcornering, and pivoting, if the sneaker's outsole is too rigid,Nike shoes the tennis player loses contact with the playing surface, which results in a loss of footing. In addition, since runners do not usually move sharply sideways, while "on the run," the running Nike Free shoe sole is totally unsuitable for the sideways movements a tennis player makes.When we talk about professional sports kobe shoes built with the latest technology, it's the Nike brand that often comes to one's mind. Especially if you are a basketball fan, then there is nothing to beat the Nike lebron shoesFoamposite shoes that are the ultimate make introduced with the best basketball technology.This collection is one of the most successful and popular designs in the basketball sports Nike shoes wear. The Foamposite One shoes were the first Nike Free 7.0 ones to be worn by the famous American basketball player, Penny Hardaway. After this, these shoes gained instant popularity and became the hot sellers with the basketball enthusiasts. With Nike air max the booming appreciation of this shoe's style and technology, Nike Free launched its next edition called Foamposite Pro, an advanced version in this series.
jordansbox
# jordansbox
Wednesday, July 28, 2010 5:05 AM

cheap ugg boots, cheap ugg boots

ugg boots, ugg boots

uggs, uggs


uggs uk, uggs uk

ugg boots uk, ugg boots uk

ugg uk, ugg uk

uggs uk, uggs uk

ugg boots uk, ugg boots uk

uggs boots
ugg boots
ugg
UGG Infants Erin
UGG Nightfall 5339
sale ugg boots, sale ugg boots

ugg boots wholesale, ugg boots wholesale

cheap ugg wholesale, cheap ugg wholesale

cheap ugg boots, cheap ugg boots

paisley ugg boots, paisley ugg boots

cheap air max, cheap air max

jordansbox
# jordansbox
Wednesday, July 28, 2010 5:05 AM
This is very good and I am fond of that .Also I total agree. If you would like to learn more, you can click this link:max air bw


mbt black kaya - good quality and cheap.


i believe you are a good writer, but have you erver thought to write some special artcals for peopel who likes shopping very much. for exaple, the artical about ugg classic crochet boots.


If you miss mbt men's chapa ,you miss beauty.


A Cristiano Ronaldo is something that gives you a new lifestyle and make your personality as a new character.


It has made a big impact around the world, and all types of people are wearing the newer brand of air shoes jordan.


Post Comment

Only registered users may post comments.
Copyright (c) Talking About Politics   :  DNN Hosting  :  Terms Of Use  :  Privacy Statement