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Started By
Message
re: Former Governor Bevin: Time to strip pardon powers away?
Posted on 12/22/19 at 7:56 am to OldHickory
Posted on 12/22/19 at 7:56 am to OldHickory
quote:
I don’t know much about him.
Yankee carpetbagger who bought a southern state office because it was less expensive
quote:
I know the whole education pension system is a mess, and that’s why he lost
He lost because he announced plans for a toll bridge in NKY prior to his reelection. He lost by about 4,000 votes and the 3 Republican counties (NKY is a suburb of Cincinnati) flipped 2 blue and almost flipped the 3rd on this issue
quote:
the people, voters, and politicians prior to him were not held accountable.
Not the full truth. Both D and R prior had left the retirement system underfunded but at maybe 85 cents to 95 cents on the dollar. Bevins was a PE cowboy from the east and got the retirement system in the state to invest in the funds of his and his friends to the tune of about 100 million in fees per year.
After a few years in office (and a booming investment environment by all funds but his) his funds had dropped by half or more. Instead of having the state sell them he had the state double down and invest more (creating more losses).
If Bevins had been a D or R it did not change his greed of his personal desires. Any corrupt politician usually fails to win when their financial greed affects the voters.
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