Minor Thoughts from me to you

Archives for Rick Perry (page 1 / 1)

Rick Perry and Crony Capitalism

Rick Perry and Crony Capitalism →

I don't like to see Presidential candidates engaged in this kind of crony capitalism.

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.

… All told, the Dallas Morning News has found that some $16 million from the tech fund has gone to firms in which major Perry contributors were either investors or officers, and $27 million from the fund has gone to companies founded or advised by six advisory board members. The tangle of interests surrounding the fund has raised eyebrows throughout the state, especially among conservatives who think the fund is a misplaced use of taxpayer dollars to start with.

Rick Perry for President?

These are words that make me want to vote for Rick Perry. Today, if possible.

And I’ll promise you this: I’ll work every day to make Washington, D.C. as inconsequential in your life as I can.

These are the concerns that make me worry about having Governor Perry become President Perry.

I’d like to hear some of the more thoughtful conservatives lining up behind Perry weigh in on this. Here’s how I see it: A state government has no more awesome, complete, or solemn power than the power to execute its own citizens. If you’re going to claim to loathe big government, this is one area where you ought to be more skeptical of government than any other. Hell, if for no other reason than that it can’t be undone.

The problem here isn’t necessarily that Perry presided over the execution of a man who was likely innocent. If Perry had shown some concern about what happened in the Willingham case, maybe set up an investigation into what went wrong, perhaps even attempted to suspend executions in Texas until he could be sure checks were in place to prevent the execution of an innocent, the way George Ryan did in Illinois—if he’d done any of that, he’d at least have shown some appropriate skepticism. He’d have shown that he’s at least cognizant of the fact that government employees in law enforcement and criminal justice are just as fallible and subject to the trappings of power, bureaucracy, and public choice theory as government employees in, say, tax collection or the regulation of business.

Instead, Perry couldn’t even acknowledge the possibility of doubt about Willingham’s guilt.