Tuesday, August 30, 2011

Texas Gov. Perry became a millionaire while serving in office


http://www.mcclatchydc.com/2011/08/29/122367/texas-gov-perry-became-a-millionaire.html#storylink=omni_popular

By Aman Batheja | The Fort Worth Star-Telegram

Since his first race for office more than a quarter-century ago, Gov. Rick Perry has emphasized his roots as a rural farmer.

Yet Perry's bank account no longer reflects those humble beginnings as his bottom line has soared in recent years, records show, thanks largely to a handful of real estate deals that critics allege were achieved through the presidential candidates' political connections.

[...]

While much of the scrutiny has focused on land deals Perry made while a statewide official, "real estate investor" doesn't properly capture all of his recent financial activity, just as "farmer" is too simple a description of Perry's earlier years.

[...]

Like many other Texas farmers, Perry benefited from federal agriculture subsidies. Between 1987 and 1998, he received over $80,000 from such programs.

[...]


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