Jeb!!!!$$$$? attacked Donald Trump at the latest GOP slugfest in New Hampshire for using eminent domain to take an elderly woman’s house in Atlantic City for a parking lot. Trump, however, was a piker compared to Jeb!!!!$$$$?’s big brother W when it comes to enriching yourself through the power of ED mixed with excellent family connections.
W had pretty much been a failure at every possible enterprise until he stumbled into an ownership position of the Texas Rangers. His $600,000 investment somehow turned into over $14 million allowing him the financial security to make his first run for Governor. But exactly how did that happen. First, through some slick political maneuvering, he and his partners (primarily business genius Richard Rainwater) persuaded Arlington and Texas to directly subsidize the construction of a new stadium for the Rangers. That taxpayers should foot the bill to make a billionaire like Rainwater and his cronies even richer was offensive enough. But it did not end there. In order to build the magnificent temple of baseball, W and his fellow owners successfully used the power of government to take land from other private citizens so it could be used for their own private purposes.
The details are complicated, but here is what happened. W and his partners in the Rangers convinced Arlington officials to: pass a half-cent sales tax to pay for 70% of the stadium; use the government’s powers of eminent domain to seized land the Rangers either could not or would not buy in a fair market transaction; give the Rangers near complete control over the stadium and environs; and allow the Rangers to buy the $191 million stadium for just $60 million. After 12 years as the sole occupant and primary beneficiary of the stadium project, the Rangers, a privately owned business, will receive title to the stadium for the $60 million worth of rent and expenses that they will have already paid. Has Trump ever put together a deal that lined his personal pockets at the expense of the taxpayer that compares to this one? Red doubts it.
So poor old Jeb!!!!$$$$? picks exactly the wrong stone to throw at Trump – a stone that will likely bounce of the billionaire’s Teflon and crash right back into the Bush family’s glass house. Someone that politically inept doesn’t deserve to be President.