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6/30/2005

Bush a "Socialist"


That according to Sibby and Walter Williams, not me. Sibby has a post entitled "Eminent domain ruling supports socialists" with a link to a Walter Williams story. Now to be clear, I don't agree with the Supreme Court ruling regarding eminent domain, but for the Right to be up in arms and make it seem like it is some liberal ideal is crazy, espeically since their leader made a huge profit by exercising eminant domain in the exact way the Supreme Court now ruled is legal.

"Back in 1989,
Bush hauled in the moolah on the stadium built in Arlington, Texas for the Texas Rangers. What's interesting about this one is that the Texas legislature passed a bill allowing the private corporation that owned the Rangers to exercise eminent domain, normally a power reserved for public entities.

We're all pretty familiar with condemnation for public projects. It's what the Army Corps of Engineers does to build flood-control dams or Municipalities do to construct water mains or Highway Authorities do to obtain rights-of-way. In the Texas Rangers case the condemnation was on behalf of a handful of private individuals, one of whom was George W.

This private corporation condemned not only enough land for a spanking new baseball stadium, but also took an additional 300 acres - yes 300 acres - of surrounding land for commercial development. Arlington residents floated most of the package with jacked-up taxes. These paid for the bonds needed to buy the land. It seems that our no-tax President wasn't ideologically opposed to increasing taxes if it padded his own bank account.

The padding was generous: Bush made out like a bandit with his initial investment of $640,000 zooming to a cool $15.4 million in 1998 when he sold out."

For once I guess I agree with Sibby, Bush is a Socialist.

1 Comments:

At 6/30/2005 05:04:00 PM, Blogger "Blind Orange" Julius said...

Plus while owner of the Texas Rangers, he traded pitcher Wilson Alverez and your center fielder Sammy Sosa to the White Sox for Harold Baines. Talk about bad intelligence........

Sosa was traded away because the Rangers needed a veteran slugger for a playoff run. It didn't work out that way, so I'm sure Bush is now claiming that Sosa was traded away because he suspected him of being on the juice. Pick a story a stick to it!

 

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