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KEEPS GETTING WORSE (for NM-2 Dem Rep. Teague)
New Mexico Politics with Joe Monahan ^ | July 2, 2010 | Joe Monahan

Posted on 07/07/2010 12:09:31 PM PDT by CedarDave

It just keeps getting worse for southern Dem Congressman Harry Teague. Perhaps the biggest news from a Politico report is that Teague's oil-based fortune has plunged in value from an estimated $40 million to$5 million. That may not be a paltry sum, but Teague wrote himself checks for $1.7 million to get elected in '08. Would he be able or willing to do the same this cycle in which he faces a very difficult opponent in former GOP Congressman Steve Pearce?

And then there is the $2.7 million lawsuit leveled against four companies Teague owns. The suits are over outstanding loans.

The companies are now being run by Teague's son and daughter in law and the congressman says they are working to settle the loan issue.

But events may be spinning out of control for Teague and his tenuous hold on the most conservative of the state's three congressional districts.

The Politico reported in May how Teague's companies canceled health insurance for their 250 employees, even as Teague was taking a $2.7 million profit out of the company and even after his 2008 campaign bragged on how well he treated his workers.

Paying for the employee health insurance might get Teague back some political capital, but with the worth of his companies plunging, that's no longer easily done.

Teague has always walked a tightrope in the district that had not elected a Democrat in nearly 30 years until he won in the '08 Obama landslide Now it looks as though Harry is tottering.

(Excerpt) Read more at joemonahansnewmexico.blogspot.com ...


TOPICS: Government; Politics
KEYWORDS: harryteague; newmexico; teague
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Pearce should have the clear advantage over Teague. Back in an earlier oil bust, Pearce, who ran an oilfield service company, kept most employees on the payroll while others were laying them off. This contrasts completely with Teague who jettisoned health care for his employees and the voted AGAINST Obamacare. The employees must really have a warm place in their hearts for the man.

In an ABQ Journal story last Friday, Pearce campaign manager Jason Heffley criticized Teague, saying the lawsuit "mirrors his record in Congress. He went on a spending spree, passed legislation that kills jobs and is leaving red ink and unpaid bills all around."

1 posted on 07/07/2010 12:09:37 PM PDT by CedarDave
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To: LegendHasIt; Rogle; leapfrog0202; Santa Fe_Conservative; DesertDreamer; OneWingedShark; ...

NM list PING!

(The NM list is available on my FR homepage for anyone to use. Let me know if you wish to be added or removed from the list.)

2 posted on 07/07/2010 12:11:43 PM PDT by CedarDave (Arrogant Obama on tax day protesters: "YouÂ’d think they would be saying 'Thank You!'.")
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To: CedarDave

Good, that liberal bastard needs to go down. I just wish the idiot we have here in Albuquerque would also go down.


3 posted on 07/07/2010 12:14:05 PM PDT by ABQHispConservative (November, here we come!)
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To: CedarDave
Well, I have to say, at least NM is still pretty. We were there for 2 weeks in July, for our 35th class reunion, got to see Southeastern NM and went to Santa Fe and Taos (if they would just get rid of the libs what a wonderful part of the world that would be!). I don't know why it attracts the worst of the worst as far as politics, but I still intend to retire there.

The Lady in the Mountain

4 posted on 07/07/2010 12:34:47 PM PDT by brytlea (Jesus loves me, this I know.)
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To: brytlea

I just got back from a week in Chama, N.M,
NOrth central.
Absolutely beautiful.
Nightly we saw a herd of over a thousand elk come out of the woods about dusk.


5 posted on 07/07/2010 12:47:53 PM PDT by Joe Boucher (Just say NO to RINOs. (FUBO))
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To: Joe Boucher

Did you do the Cumbres & Toltec RR ride ?


6 posted on 07/07/2010 1:02:02 PM PDT by fieldmarshaldj (~"This is what happens when you find a stranger in the Amber Lamps !"~~)
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To: Joe Boucher

Even tho I grew up in and around NM (my Mom was from Roswell and we lived various places in the state, but mostly in the southeastern part) I have never been to Chama. But it’s on my list. It’s one thing I love about NM. It’s got such a variety of things, from mountains to desert. Most people have no idea. Wish the Hollywood types had never discovered it.


7 posted on 07/07/2010 1:03:02 PM PDT by brytlea (Jesus loves me, this I know.)
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To: fieldmarshaldj

No,
But we stayed at the R.V. park about a mile north of it.
Had done the Durango Silverton recently and the Cumbres & Toltec pretty much follows the road to the top.
Beautiful area.
Funny story,
We ate breakfast at a local place and a young Indian boy was our waiter.
We talked of fishing and he asked about Florida offshore and I asked about the rivers there.
He showed a few recent photos of some real nice brown trout he’d gotten.
I asked what he used, Fly? Spinnning reel?
And he told me sheepishly that he’d found them in a shallow pool in a lowering river and had gotten them by hand.


8 posted on 07/07/2010 1:22:48 PM PDT by Joe Boucher (Just say NO to RINOs. (FUBO))
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To: brytlea

I understand exactly what you are saying.
Course if you lived in say L.A. or maybe Bakersfield you’d want to flee to New Mexico too.


9 posted on 07/07/2010 1:34:03 PM PDT by Joe Boucher (Just say NO to RINOs. (FUBO))
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To: Joe Boucher

Yes, I would, but I would be smart enough not to bring the reasons I wanted to leave with me! :)


10 posted on 07/07/2010 1:37:09 PM PDT by brytlea (Jesus loves me, this I know.)
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To: brytlea

Here in my part of Florida there is an enormous amount of folks who moved from N.Y. cause 24 years ago the Mets moved their spring training here.
Sooo all those who moved here or visit are famous for saying, “that’s not how we do it up north”.
Or Every damn thing is better up north.
Ya want a bunch of ex N.Y. types to go with those pain in the rear Californians?


11 posted on 07/07/2010 1:44:42 PM PDT by Joe Boucher (Just say NO to RINOs. (FUBO))
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To: Joe Boucher

Yup, here in S FL we are all filled up with New Yorkers. I feel your pain. I’m not sure which is worse. :)


12 posted on 07/07/2010 1:47:38 PM PDT by brytlea (Jesus loves me, this I know.)
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To: brytlea

French Canadians.
(-:


13 posted on 07/07/2010 2:02:05 PM PDT by Joe Boucher (Just say NO to RINOs. (FUBO))
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To: Joe Boucher

OK, yes you got me there.


14 posted on 07/07/2010 2:05:39 PM PDT by brytlea (Jesus loves me, this I know.)
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To: Joe Boucher

Long time since I’ve been fishing. The Durango-Silverton is a bit different from the C&T (I haven’t been on the D&S, but took the drive that was above the line between the two towns, so I could see the difference). The best time to do the C&T is in the fall. I did it in early October (back in ‘05) and you see all the colors. I hope to go back to Durango to do the other ride.


15 posted on 07/07/2010 2:20:31 PM PDT by fieldmarshaldj (~"This is what happens when you find a stranger in the Amber Lamps !"~~)
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To: CedarDave
Worse yet, as of today there are two more voters in the district to help defeat him!

By the way - we entered from four corners and I have to tell you, Shiprock is a pretty lousy gateway (my wife was in tears). Is there any chance we can give it to Colorado?

16 posted on 07/07/2010 10:30:04 PM PDT by Clinging Bitterly (We need to limit political office holders to two terms. One in office, and one in prison.)
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To: CedarDave

Teague has inspired me to edit my tag line


17 posted on 07/07/2010 10:34:59 PM PDT by philetus (Keep doing what you always do and you'll eventually get what you deserve)
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To: brytlea

We just moved to NM. Actually Hobbs but we are in Roswell tonight. All that we have seen so far seems nice (excepting the town mentioned a couple posts up).


18 posted on 07/07/2010 11:26:24 PM PDT by Clinging Bitterly (We need to limit political office holders to two terms. One in office, and one in prison.)
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To: fieldmarshaldj

Durango area is my Wife’s favorite.
I’ll go back there in a minute.
But like you say the fall there is like Heaven.


19 posted on 07/08/2010 3:29:00 AM PDT by Joe Boucher (Just say NO to RINOs. (FUBO))
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To: Clinging Bitterly

Used to drive thru Hobbs all the time (we lived in Midland for about 15 years). I think a lot of people hate the desolation of that part of the country. I don’t mind it, and the people are generally nice. I think when you live where you might need your neighbor, you are more neighborly.


20 posted on 07/08/2010 6:58:33 AM PDT by brytlea (Jesus loves me, this I know.)
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