Jan 29 2007
More Harry Reid Desert Delights
Sen Majority Leader Harry Reid seems to be awash with incredible land deals in the deserts around Las Vegas.
In 2002, Reid (D-Nev.) paid $10,000 to a pension fund controlled by Clair Haycock, a Las Vegas lubricants distributor and his friend for 50 years. The payment gave the senator full control of a 160-acre parcel in Bullhead City that Reid and the pension fund had jointly owned. Reid’s price for the equivalent of 60 acres of undeveloped desert was less than one-tenth of the value the assessor placed on it at the time.
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. It was an issue the Haycock family had brought to Reid’s attention in 1994, according to a source familiar with the events.
If Reid were to sell the property for any of the various estimates of its value, his gain on the $10,000 investment could range from $50,000 to $290,000.
It is a potential violation of congressional ethics standards for a member to accept anything of value — including a real estate discount — from a person with interests before Congress.
The man gets land cheap, and then the land is rezoned to make it worth millions. As we posted before (which caught the attention of Rush Limbaugh) the man has been turning deals and getting paid twice for the sale of land through hidden trusts. It is just amazing how gifted Reid is on these deals. Almost too amazing. It seems Bush Derangement Syndrome will make some lay down with theives if they must to try and thwart Bush. Will there be an investigation? Not by our bought and sold media. They are too busy exposing our terrorist defenses to investigate Reid’s quid pro quo.
Speaking of Bush Derangement – shall we examine the ONLY successful business deal in George Bush’s career. To set the stage – Bush – using funds obtained from insider trading in Harken stock after having been told by Harken attorneys NOT to sell said stock – invests $800k in a group buying the Texas Rangers for $50M.
Bush then convinces the City of Arlington, Texas to exercise eminent domain on behalf of the Rangers – a private corporation. The city agrees and seizes land held by private landowners.
The city then builds a brand spanking new Ballpark at Arlington (to the tune of $200,000,000.00 paid by taxpayers) and proceeds to GIVE the ballpark to the Rangers, along with developnment rights to the land surrounding the stadium complex.
The Rangers group – after trading Sammy Sosa – turns around and re-sells the team AND the ballpark for $250,000,000.00 – which the Rangers’ group splits up – giving George – who by then is gov of Texas – a healthy bonus.
Moral: they ALL do it.
Moral: they ALL do it.
And I guess in your book this makes it all right.