Friday, September 21, 2012

LA CONFIDENTIAL: MAYOR VILLARAIGOSA COVERS UP $400M TAXPAYER BOONDOGGLE

Looks like crony capitalism to me.
Now, there is only one reason for Villaraigosa to hide the AEG sale from those who most needed to know about it. According to mayoral candidate Kevin James, that reason is simple: AEG received a sweetheart deal at taxpayer expense, which upped AEG’s sale price. Now the new buyers will have a great deal with the City of Los Angeles. And Villaraigosa will get to look like a hero for bringing the NFL to Los Angeles. Perfect for his gubernatorial run.

There’s something seriously fishy going on here. The details of the AEG deal must be examined closely, especially given the fact that Los Angeles already carries a $258 million deficit and a $27 billion unfunded pension liability.

But this is how Democrats do business. There’s a reason that Villaraigosa and Barack Obama are thick as thieves – when it comes to taxpayer dollars, they are thieves.

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