Posted on 08/13/2011 10:06:38 AM PDT by Tempest
The Emerging Technology Fund was created at Mr. Perry's behest in 2005 to act as a kind of public-sector venture capital firm, largely to provide funding for tech start-ups in Texas. Since then, the fund has committed nearly $200 million of taxpayer money to fund 133 companies. Mr. Perry told a group of CEOs in May that the fund's "strategic investments are what's helping us keep groundbreaking innovations in the state." The governor, together with the lieutenant governor and the speaker of the Texas House, enjoys ultimate decision-making power over the fund's investments.
Among the companies that the Emerging Technology Fund has invested in is Convergen LifeSciences, Inc. It received a $4.5 million grant last yearthe second largest grant in the history of the fund. The founder and executive chairman of Convergen is David G. Nance.
In 2009, when Mr. Nance submitted his application for a $4.5 million Emerging Technology Fund grant for Convergen, he and his partners had invested only $1,000 of their own money into their new company, according to documentation prepared by the governor's office in February 2010. But over the years, Mr. Nance managed to invest a lot more than $1,000 in Mr. Perry. Texas Ethics Commission records show that Mr. Nance donated $75,000 to Mr. Perry's campaigns between 2001 and 2006.
(Excerpt) Read more at professional.wsj.com ...
I think his only job is to rid the primary of Romney and perhaps Newt. Bachmann will drop out on her own. After all the good debaters leave Palin will come into the spotlight. After that Perry will pribably drop out and endorse Palin or perhaps be her VP
Bookmark
Rick Perry the next favorite corporate pet?
Nixon with a drawl redux.
I am not sure the rest of the US knows how the power is distributed in the Texas Government. The Lt. Governor has WAY more power than the Governor does. Perry used to be Lt. Governor under Bush.
Perry can line item veto appropriations bills and he appoints a lot of people to positions, but the Lt. Governor is really the one running the show as he controls the work of the Senate(as President of the Senate) and controls the budgeting process as the leader of the Legislative Budgeting Board (LBB).
Lt. Governors in Texas are in no way under the control of the Governor, they are elected separately. In other words the Governor can not force the Lt. Governor to do anything. When the Governor goes out of state the Lt. Governor assumes the powers of Governor.
Just thought I would throw that out there. Although with the media not actually knowing any of this, they pay a lot of attention to the Governor, giving him some power of influence that is not actually given to him by the Texas Constitution.
Perry already has a record that hurts him with voters concerned about illegal immigration. In April, he stated that he would not support a version of Arizonas SB 1070 for Texas. In 2001, he signed a bill allowing the children of illegal immigrants to receive in-state tuition at Texas universities. He opposes using E-Verify, the federal electronic system for verifying prospective workers immigration status.
In 2001, Texas became the first state in the country to pass an in-state tuition law. The law created a national movement. Many private universities also now award aid to illegal immigrant students.
http://www.dallasnews.com/news/education/headlines/20100314-Number-of-illegal-immigrants-getting-in-9925.ece
Study: 70% of Texas illegal immigrant families receive welfare In Texas, 54 percent of legal immigrants and 70 percent of illegal immigrants receive welfare assistance Texas showed 61 percent of households headed by an immigrant utilizing at least one program compared to the 42 percent of Texas natives on welfare. Study: 70% of Texas illegal immigrant families receive welfare
http://newmediajournal.us/indx.php/item/1217
There are about 1000 anchor babies per month being churned out at Dallas Parkland Hospital...thats just one Texas hospital. In Parkland Memorial Hospital Dallas, the second busiest maternity ward in the United States, 70% of the women giving birth were illegal aliens. That added up to 11,200 babies for which Medicaid kicked in 34.5 million dollars to deliver these babies, the feds another 9.5 million and Dallas taxpayers tossed in 31.3 million. The average illegal patient is 25 years and giving birth to her second anchor baby. Dallas Parkland Hospital 70% of the women giving birth were illegal aliens. Almost 1000 per month.
http://www.snopes.com/politics/immigration/parkland.asp
Perry actually said he supports this: Legislation authored by border legislators Pat Haggerty and Eddie Lucio establishes an important study that will look at the feasibility of bi-national health insurance.
This study recognizes that the Mexican and U.S. sides of the border compose one region, and we must address health care problems throughout that region.Thats why I am also excited that Texas Secretary of State Henry Cuellar is working on an initiative that could extend the benefits of tele-medicine to individuals living on the Mexican side of the border.
http://governor.state.tx.us/news/speech/10849
crony capitalism???
hmmm; let’s see....
jeffrey immelt, CEO of GE/MSNBC, a company that paid $0.00 tax on $14-billion profit last year...a CEO that consistently sends jobs overseas, most recently announcing GE’s xray production division would be moving to china...and a CEO that presently sits as an obama economic adviser...
then there’s james johnson- a FannieMae criminal who collected $90million in five years as CEO of the company when he cooked the books and gave out 100’s of 1000’s of $$$ in campaign contributions fo obama/biden/dodd/frank....also a former economic adviser to obama...
then there’s his multitude of campaign cronies who were given jobs they were not qualified for:
"He is my role model."
Vote-crazed Perry is gaga for amnesty. Doing the quid
pro quo----shower illegals with tax dollars....get votes.
So are you saying Rick Perry is a Minnie Obama waiting in the aisle?
Ping. BC, this goes to what we were talking about. Interesting stuff.
IF Perry get the nomination, I WILL work my ass off to see that he escorts the Marxist in Chief to the curb in DC.
Given the designs of the Grand Bargain Dealer for Socialism, we all have to keep our powder dry with Reagan’s commandment “thou shalt speak no evil about another Republican” or else be happy seeing 0bama get 4 more years.
Right at THIS moment, Perry is the one who I think will muster the greatest chance for success against 0bama and is WAY better than Romney.
The same type quid pro quo and the fact that a former staffer benefited is the part of the Gardasil that bothers me. He loses the moral high ground on ethics right out of the chute.
Mr. Perrys corporate donors will appreciate all your hardwork when they expect their piece of the government funded public pie.
as a conservative and a Texan I want to know by what right the Gov. has to take $200,000,000 in taxpayer money to give to anyone? Why not give it back to the people? You see Perry has doubled the size of state government by funding ideas like this - on paper they look good...emerging tech but what is the difference in that and the Democrats GREEN JOBS? The business of investing is for investors not government!!! Perry is a RINO - no conservative and waiting to return to his liberal Al Gore roots.
“After all the good debaters leave Palin will come into the spotlight. After that Perry will pribably drop out and endorse Palin or perhaps be her VP”
Prepare for disappointment. Its probably going to be a 3 way fight between Romney, Perry and Bachmann.
The more smear attacks we see the more I am convinced that Perry is well qualified for the job. So far, absolutely every thing that has been brought up is character assignation material. Nothing seems to be attached to the policies he is pushing today. Lets hear him out before we let the other agendas shape his message.
Thank you for posting that. I’ve too little knowledge of Texas, freely admit that. From my limited perspective, Texas is still a robust region, despite its problems, and maybe he’s all they require in a governor.
So is Perry self assasinating by spending public dollars to fund private businesses?
Is he self destructive in the way he promotes amnesty for illegals?
Which one of these issues is he smearing himself with.
And one of the most influential Lt Gov’s was Bob Bullock. Even when Bush was governor, Bullock wielded the real power. Bullock just happened to like Bush’s goals, so he mentored Bush.
Ronnie Earle (Travis County prosecutor and crapweasel) tried doing a fishing expedition on Bob Bullock, and found that Bullock bit back, and hard.
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