Categories
insider corruption

A Safe Bet

“We certainly cannot comment,” said a spokesman for the Chief Financial Officer of the nation’s capital city, “on documents that are not supposed to be public.”

Welcome to Washington, D.C., where governing is done opaquely.

In a typically shady political maneuver, a $215 million contract was awarded to Intralot, a Greek company, to manage the region’s newly legalized sports gambling. 

Citizens were not supposed to learn that Intralot subcontracted with city political insiders.

“Confidential city records obtained by The Washington Post,” the paper reported Saturday, “show that those who would benefit from the no-bid contract include a former D.C. State Board of Education official, the head of a marketing company that worked on the political campaigns of Mayor Muriel E. Bowser (D) and her protege, council member Brandon T. Todd (D-Ward 4), and an executive whose company lost a contract at a city homeless shelter because of allegedly falsified documents.”

“Every time, there will be politically connected CBEs attached to a contract of this size,” Council Chairman Phil Mendelson generously explained. “It’s how business is done everywhere.”

“This is why we have a competitive process to begin with,” Councilmember David Grosso countered, “to make sure that this kind of stuff doesn’t happen and you don’t give a contract to your friends.”

The sports betting bill was introduced by Councilmember Jack Evans, who just resigned from the troubled Metro transit system after an investigation found he “knowingly” broke ethics rules. He is also “the subject of a federal probe into whether he improperly used his public office to benefit paying clients of a consulting business he owns.” 

All in a day’s work.

This is Common Sense. I’m Paul Jacob. 


PDF for printing

Washington DC, corruption, sports gambling,

See all recent commentary
(simplified and organized)

See recent popular posts

Categories
free trade & free markets national politics & policies too much government

Obscene Green

I don’t know about you, but when I want to invest my money, I don’t go the Department of Energy for advice.

There’s a reason for this. At their best, bureaucracies “lumber on,” to quote one sociologist’s analysis. They are, “by their nature . . . fitted only for average requirements.” Picking long shots? Not their strong suit.

And a long shot is what the government’s investment in Solyndra surely was. The more emails that are released, the more obvious this becomes. Even savvy folks within the administration knew was that Solyndra was a bad deal.

Yet President Obama says it seemed like a “good bet” at the time.

Why?

Politics. He needed to look good, and the easiest garb to grab was the garb of “green.”

That is, alternative energy — which is said to be our future. Undoubtedly some alternatives will dominate . . . that is, ones found on the market. The great gales of destructive creation that is the market process will eventually solve our “energy problem” . . . if only to create a new problem, requiring yet another solution. (In real life, there are rarely “solutions,” only trade-offs.)

There is something obscene in Obama’s “good bet,” for he was betting with other people’s money. Confiscated money.

At the very least, such funds must be treated carefully, not gambled.

To spend otherwise is to sully, for temporary gain, a sacred trust.

Of course, Americans are so used to such trust being desecrated that, sadly, the Solyndra scandal doesn’t quite seem like the enormity it truly is.

This is Common Sense. I’m Paul Jacob.