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Huckleberries Online

Kenck: GOP Politicians Burn Thru $$$

Our State Treasurer Ron Crane has sent millions of our treasure up in smoke. Now, he is saying nonpartisan, state auditors are politically motivated for criticizing his losses and asking why he dumped $27 million in risky investment losses from a local government fund he managed and into a state fund he also managed. Full disclosure: I too am politically motivated. My political motivation is that I believe that we need to hold our politicians accountable. If we do that, I believe that Idahoans will see that 20 years of GOP control of Idaho has hurt families, businesses, and our economy. I believe too that Ron Crane is part of a larger problem of Idaho’s GOP leadership mismanaging our public funds. As for Crane, he basically had one client purchase mortgage-backed securities from another client for about $27.4 million more than they were worth. One client got a huge gift. The other client, the State of Idaho, well, we got kicked in the teeth/Larry Kenck, Idaho Democratic Party. More here.

Question: Why isn't there more of an outrage among Republicans re: all the tens of millions of dollars that bonehead moves by the state treasurer (and state superintendent of schools) could cost Idaho taxpayers?


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About this blog

D.F. Oliveria is a columnist and blogger for The Spokesman-Review. Print Huckleberries is a past winner of the Herb Caen Memorial Column contest by the National Association of Newspaper Columnists. The Readership Institute of Northwestern University cited this blog as a good example of online community journalism.

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