Rove's Unexplained Personal Wealth

[donsu]

http://www.dailykos.com/story/2006/5/2/10177/11404

Have you ever wondered how a man who owns a $1,500,000 house in DC, a $1,000,000+ house in Florida and a $48,000 cottage in Texas manages to survive on $161,000 a year federal salary? It's odd.

Would it raise questions that same man had sold a property to a shell company controlled by his former business partners and that man made between $250,000 and $750,000 profit?

Maybe it would raise further questions if those former business partners that bought the property were raking in millions of political dollars from the Bush-Cheney presidential campaign, the RNC and multiple other Republican candidates? Would that just be a coincidence? Well, those are a string of coincidences that happened to Karl Rove.

* citizendc's diary :: ::
*

What you first must know is that Karl used to run a successful fundraising, mailing list sales and political services company called Karl Rove & Co. Rove did work for many candidates, national, state and local, ranging from Congress to various state supreme court candidates. When George Bush tapped Rove in 1999 to work on the Presidential, Bush wanted his undivided attention, and reportedly required Rove to sell his company, reportedly at a financial loss to Rove. Keep in mind, if Bush were to win, Karl Rove & Co would be in for some big dollars:

-snip-

read on, see how it was done
--------------------------------------

[leftofthedial]

1. they are all thieves

their cabal is a crime syndicate

[KyuzoGator]

2. Pull his tax returns and have a look-see.

He's a federal employee, isn't that public information?

[havocmom]

4. I don't think fed employees' tax returns are part of public info

If they were, the few fed employees around my home would have been treated to having their personal lives out there for everyone to harass.

Politicians usually release info but I don't think being on the federal payroll makes that info available without consent.

[Mabus]

6. Rove does have to disclose some finances because he works in WH

From a paragraph in the Kos article referenced in the OP.

Karl and his wife Darby used to own a Bed and Breakfast in Ingram, TX called the River Oaks Lodge. In 2003, Dan Froomkin reported that Rove sold the B&B for somewhere between $250,000 and $750,000 profit (property currently assessed at $249,000) according to Rove's SF-278 financial disclosure statement filed with the US Office of Government Ethics, the office that handles ethics filings for the White House. (Since Rove is a senior appointed official, he must, by law, make these filings to show he has no conflicts of interest.)

[spooky3]

8. I know Ingram, TX would be MY favorite vacation spot

so I'm sure his B&B did a fine little business and was worth every penny of that profitable sale price.

:sarcasm:

[havocmom]

9. That makes sense, for upper level guys with security clearance

not just because he is a federal employee

[NI4NI]

11. I' not arguing with you, BUT

as secretive and as disdainful as Dick Cheney is, and with his contempt for making anything public, I find it hard to believe that he made his tax returns public if he didn't have to.

[UTUSN]

3. K&R n/t

[FSogol]

5. Assignment for Carl Bernstein, Assignment for Carl Bernstein n/t

[SoCalDem]

7. It was a big deal for the Clintons..(Whitewater) and they LOST

money on that deal.. But of course when a republican MAKES a pile of cash, it's just "good business sense"..:puke:

[ComerPerro]

10. Those properties, and a $48k house in Texas

doesn't that, in itself, illustrate how full of shit the Bush Administration is, and how fake they all are?

[Quantess]

12. Kick. n/t