Media Starting to Notice Rick Perry’s $633 Million Taxpayer Funded Pay-to-Play Scheme
While basing his bid for the Republican presidential nomination on limited government, the governor, 61, oversees state job-stimulating funds that have provided almost $633 million to companies including retailers Cabela’s Inc. (CAB) and Home Depot Inc. (HD) and agribusinesses such as Tyson Foods Inc. (TSN) A Perry spokeswoman says the recipients have created almost 58,400 new jobs. A watchdog group says two-thirds missed their targets.
Wait. Didn’t someone say something about government not being able to create jobs?
Funding recipients have included Washington Mutual, now a JPMorgan Chase & Co. (JPM) unit, and Countrywide Financial, now owned by Bank of America Corp. (BAC) Perry’s campaigns received at least $8,500 in donations from both political action committees and/or from individuals tied to Washington Mutual and $7,000 connected to Countrywide, state Ethics Commission records show.
“It’s a pay-to-play deal, always has been,” said Dunnam, the former representative, who was on a legislative committee that oversaw development funds.
You really need to read the whole article, because the sleazy details about how the Secessionist pockets payoffs from all these Fortune 500 companies — all at the expense of the taxpayers — are appalling.