Monday, January 29, 2007

Most ethical legislature in history.....or not

Again, Harry Reid is out there, buying land for a percentage of it's value and it's not splashed all over the evening news, or getting any play on CNN/PMSNBC/CNBC, etc.. Were it Newt Gingrich spending his money to buy land in Bullhead City, Nevada for $166/acre, we'd have expert witnesses, two hour specials on 20/20 or Nightline decrying the deal and complaining that this is why Republicans just shouldn't be given power.
The whole story? Reid was in a partnership with a pension fund, controlled by a friend of 50 years, where they jointly owned the 160 acre parcel in Bullhead City, a rapidly growing area of NV. Property there is going for about $2000/acre, but Reid was able to buy out control of the property from the pension fund for $166/acre.
By the way, the long-time friend is the owner of a lubricants distribution business. Six months after the deal closed, Reid introduced legislation to "address the plight of lubricants dealers who had their supplies disrupted by the decisions of big oil companies". Coincidence? Oh of course it was.

No way this was quid pro quo....

After all, this IS the most ethical legislature in history.

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