Posted on 09/04/2011 8:08:05 AM PDT by BarnacleCenturion
On the campaign trail, 2012 presidential hopeful Rick Perry plays up his humble roots as a dryland cotton farmer from rural Texas. He rarely, if ever, mentions that he has become a pretty savvy real estate investor during his more than 25 years in office.
The Fort Worth Star Telegram reports that Perry's income has soared as he has climbed the political ladder in Austin, thanks largely to a handful of lucrative real estate deals that have made him a millionaire.
When Perry was first elected to office in 1985, as a state representative from Haskell, he and his wife Anita were far from rich, reporting a total income of $45,244. To save money, the future governor shared an apartment in Austin with two other state lawmakers, while his wife worked as a nurse.
(Excerpt) Read more at businessinsider.com ...
Come think of it unlike current US president did all other US President has home go back to Reagan did he had the Ranch
You are a fool, jennychase.
Monk get on ping 73 now LOL!
A lot of land around my home in the Metroplex has sold for far more than the purchase price of even a decade ago.
That's bad? People have been doing this for decades.
As for the drilling company, he purchased the stock in 1995. The Barnett Shale did not explode until 2006 through 2008. I know; I was in the heart of it and helped negotiate a record-breaking deal for approximately 5,000 people.
If the Barnett Shale didn't pay off, he wouldn't have made money. A lot of people who bought stock in drilling/fracing/exploration companies (even sand companies!) made a ton of money.
Again, how is that bad?
I would agree, if the investments paid off handsomely in a relatively short period of time - but in these cases, there were several years between the investment and pay-off.
He bought the drilling company stock in 1995. The Barnett Shale did not "explode" until 2006. A quid pro quo 11 years later? Hardly.
So you want me to think that a guy like Perry, who got a D in Economic Principles in college, was sharp enough to earn it fair and square? http://www.scribd.com/doc/61684192/Rick-Perry-s-Texas-A-M-Transcript
Don’t be so silly. That dog don’t hunt. Of course he got it by political connections.
Mediocrity, connections, and payback masquerading as a moral financial success from Texas rides once again. The rest of us have to earn it honest by our wits and hard work.
That is the essence of crony capitalism. LBJ, Bushes, Perry singing the same old tune and riding the same old horse...
Like I said. They’re obviously smarter than the rest of us peons.
The problem is that Palin is not a candidate and time is running out. It is increasingly unlikely she can run and mount a credible campaign.
'When Perry was first elected to office in 1985, as a state representative from Haskell, he and his wife Anita were far from rich, reporting a total income of $45,244."[snip.. but then]"Perry began investing his considerably higher salary in land around Austin, getting in just before the housing boom sent Sun Belt real estate values skyrocketing. By 2007..."
[The problem is that Palin is not a candidate and time is running out. It is increasingly unlikely she can run and mount a credible campaign.]
Reagan didn’t declare his candidacy until mid_November.
Next.
Exactly what I said. Politicians have inside information on what businesses are rebuilding and where likely factories will be zoned, all that. It’s a perk of office. It’s not pretty, but there it is. It’s like a doctor trying a new cancer medication, finds out it’s a miracle cure, and invests all he has in that company. It’s mercenary, but it’s reasonable.
However, if he used his office to create a deal, or swapped favors to initiate a situation he could profit from, then it’s all up.
Perry definitely has baggage, but no dead bodies in the bags quite as yet. I’m hoping Sarah Palin runs, to my mind she has a carryon and an extra pair of pumps...
The man inspires them. He reminds me of a car salesperson. No discernable moral compass and would sell you a car without an engine if he/she could get away with it.
What ever worked to get this charlatan elected in
Texas does not resonate beyond The Lone Star state’s borders. His news cycle and poll manipulations are on a par with the Usurping Marxist Onada. We have all sorts of adages to describe the man: Jumped the shark, protesteth too much, full of sound and fury but signifying nothing etc.
Perry has defined himself. Not me. Unfortunately for him Tea Party Conservatives know a pig in a poke when they see one. The RINO-led GOP has taught us well.
Palin is not even acting like a candidate. She should be raising money if she's going to run. She needs infrastructure. There are no stories about her working to see that either one happen.
Glad to see a man who works hard and uses his hard earned money in doing what many normal people do, invest in real estate.
Only progressives like to see people stay on the bottom. Only progressive like to stir up class warfare too.
What a shocker ... he made some good investments:
- In 2007, Perry sold a parcel of land in Horseshoe Bay for $1.1 million. He had purchased the lot in 2001 for $314,770.
- In the mid-1990s, Perry also invested in MKS Consulting, a natural gas production company founded by former Texas state representative Ric Williamson, a longtime friend of Perry’s. The company profited handsomely from development of Texas’ Barnett Shale.
Big whoop.
“He bought the drilling company stock in 1995. The Barnett Shale did not “explode” until 2006. A quid pro quo 11 years later? Hardly. “
Exactly. You could have bought a random tech stock in 1995 and made as much.
Investing in real estate in Austin area in the last 20 years? Any random parcel of land has gone up in value.
The only people suffering from Palin derangement syndrome, are the supporters that see all other candidates as less preferable to Obama, if they are not named Palin.
We once had Broken Glass republicans.
Now we have Pseudo Conservatives preferring Barack Obama to anyone not named Palin.
Sleep tight.
Arguing with a parrot...here have a cracker.
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