In Rick Scott's Florida, a start-up company makes a $140,000 political donation, gets a $52 MILLION contract. Not bad return on that investment. Where's Darrell Issa and his crack(pot) investigators??

[Kickin' Ass and Taking Names]

If this isn't crooked, it's only because we've defined crookedness
down so much that it doesn't exist anymore:
http://www.tampabay.com/news/business/banking/sweet-deal-for-state-taxpayers-or-startup-st-pete-insurance-company/2122303

Two months after contributing $110,000 to Gov. Rick Scott's
re-election campaign, an upstart property insurance company is likely
to reap a $52 million windfall, paid from the coffers of Citizens
Property Insurance Corp.

Here's the deal. Citizens Property Insurance Corp. is a state-run
Florida insurance company. Because Florida has hit a lucky streak over
the last years and not had as much hurricane damage as they had
feared, they're sitting on a cash surplus of $6.4 billion dollars. But
that surplus could go away if a devastating hurricane season does hit,
and (shudder) there's even the possibility that a future bad hurricane
could force the state to raise taxes to pay for the damage, so the
governing state Republicans have a great plan to deal with that:
They'll pay private companies to take profitable policies off their
hands. (The premise is that this will mitigate possible losses later,
presumably because if any of these smaller, privatized insurance
companies were to later fail the state would tell disaster victims
that were clients of those smaller firms to piss off.)

In this particular case, that has led to that not-too-unique special
business flower: A new company apparently formed specifically to go
after a single government contract and reap the rewards, and whose bid
for the free government money consists in large part of investing in
politicians:

Sitting on a record cash surplus of $6.4 billion, Citizens is hoping
to sign a special deal today with Heritage Property and Casualty
Insurance Co., a St. Petersburg firm that opened nine months ago and
has made significant political contributions.

Heritage has donated more than $140,000 to Scott and the Republican
Party of Florida in recent months, and spent tens of thousands more
lobbying the Legislature.

A nine-month-old company that's donated $140,000 to Rick Scott and the
Republican Party, and which is now suddenly in line for $52 million in
government money? Wow. That's not at all crooked-sounding. Note,
especially, that Heritage donated its first $30,000 to the Florida GOP
only two months after the company was founded�and the other $110,000
to Rick Scott just two months ago, while Heritage was in the midst of
lobbying Scott and state legislators for the contract.
This isn't even a one-time thing:

It's the second time this year Citizens is looking to subsidize an
upstart private insurer using its massive surplus, which has been
built up over seven years as the state has dodged hurricanes. In
February, Citizens' board approved a deal with Weston Insurance,
agreeing to pay the young company $63 million to take out 30,000
policies. Weston has spent more than $250,000 on lobbying this year,
and two of Citizens' seven board members abstained from voting because
of conflicts of interest.

There's even more sketchiness to all this, including an apparent
government-to-private-sector revolving door racket by one of the
participants. If nobody ends up in jail because of this, than it's
Florida's own fault. You elect crooks to write your laws, they're
going to write crooked laws.


- - - - - - -

Remember when teachers and
other public employees
crashed the stock market,
wiped out our 401ks,
destroyed real estate values,
took billions in bailout money,
destroyed the Gulf of Mexico
with crude oil, gave themselves
billions in bonuses,
and paid no taxes?

Remember that?

Funny, neither do I.

[Robert Westergrom,1900 Harvey rd.,Wilmington,D.E]

On May 22, 4:33 pm, Kickin' Ass and Taking Names

<PopUlist...@hotmail.com> wrote:
> If this isn't crooked, it's only because we've defined crookedness

> down so much that it doesn't exist anymore:http://www.tampabay.com/news/business/banking/sweet-deal-for-state-ta...

Looks like Issa's gonna be busy for a while. Perhaps you and your
"High powered attorney" daughter could file suit against Scott.

[Harold Burton]

In article <99eqp81tid51prk11...@6ax.com>,

Which makes them different for the Obama's Chicago Crime regime, how?




laugh . . . laugh . . . laugh

[Vergie Bo Rendon-Holliday]

'Lickin' Ass and Fakin' Military Service' is a Proven Fraud, a Proven
Liar, a Proven Thief, and recently a Proven Malicious Poster. She is
the most prolific liar in this newsgroup and also the most prolific
thief of other's writings. She is also a Stolen Valor stain on
America.

'Lickin' Ass and Fakin' Military Service' IS the Democratic Party in
America. She is an admitted election official in VA. This is proof
positive that DemocRATs are the party of Liars, Frauds & Thieves.

Note that when you reply to a Proven Liar you encourage them to
continue lying.

[][][][][][]


The DemocRATs Hall Of Shame asks "Why do you always LIE?"

On Sat, 31 Mar 2012 22:11:21 -0400, Kickin' Ass and Takin' Names
<PopUl...@hotmail.com> wrote:
>Obama has approved AT LEAST two covert ops and likely has approved
>dozens more. Specifically:
>2. He approved the development and release of the Stuxnet worm that
>destroyed several hundred Iranian centrifuges. This action in itself
>was some SERIOUS SHIT.

Oops! Caught lying...

Bush authorized the development of Stuxnet...

"It has been reported that the United States, under one of its most
secret programs, initiated by the Bush administration and accelerated
by the Obama administration, has sought to destroy Iran's nuclear
program by novel methods such as undermining Iranian computer
systems."
http://en.wikipedia.org/wiki/Stuxnet

Posted on behalf of:
The DemocRATs Hall of Shame!