Category Archives: Congressional races

Ignore the DSCC, and the DCCC too.

If you feel even a tiny twinge of guilt for ignoring the pleadings of the Democratic Senatorial Campaign Committee and the Democratic Congressional Campaign Committee let me relieve you of it. For, while electing Democrats to do our bidding in Washington is obviously desirable, politicians ought not to be involved in the selection of their colleagues.They can argue that they need the votes, but history has provided no evidence that lock-step voting is beneficial. Well, except for the careers of politicians whose longevity in office is crucial because they don’t know what else to do with themselves.
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Georgia’s Lost Man

Perdue, the lost man in Georgia’s Senate contest, is a perfect example of what makes the 1% so damned annoying. They know how to steal legally, but that’s about it. Mostly, they’re just really lousy at business. The New York Times has some salient quotes:

“I just didn’t feel like the board and Oaktree were sensitive to the vulnerability that I was in,” the multimillionaire executive told lawyers in 2005, referring to Pillowtex, a North Carolina-based textile maker, and Oaktree Capital Management, the company’s largest financial backer.

“From my perspective, this thing had totally blown up in my face. The equity that I walked away from, the stock at Reebok continued to go up. This thing was not what it had been represented to me to be,” he complained.

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