GA-Gov: Nathan Deal's (R) financial travails

[Joanne98]

Fri Sep 17, 2010 at 06:48:03 AM PDT
Whoa, Rep. Nathan Deal, the GOP nominee for governor in Georgia, is in a bit of a bind:

In the midst of his campaign for governor, Nathan Deal faces such dire financial troubles that he must sell his home to avert foreclosure or bankruptcy.

Even if Deal liquidates all his assets, however, he still might be unable to repay a nearly $2.3 million business loan, documents reviewed by The Atlanta Journal-Constitution indicate. The loan comes due in full Feb. 1 — less than one month after Deal hopes to take office.

Bankruptcy? That's verbotten. The banks didn't like it, so Republicans (and many Democrats) in Congress and Bush made it harder for people to declare bankruptcy. In fact, Deal voted for that onerous bill.

Officials with Deal’s campaign confirmed that the candidate is in a precarious financial position. They described the debt as a sensitive matter for Deal and his wife and their three grown daughters.

Yeah, debt is a sensitive matter for lots of Americans. Too bad Deal and his GOP colleagues in Congress have fought to prevent further economic stimulus or the extension of unemployment benefits. The economy is tough! But people who are hurting are lazy! So does that mean that Deal is lazy?

http://www.dailykos.com/storyonly/2010/9/17/902507/-GA-Gov:-Nathan-Deals-(R)-financial-travails

[Cognitive_Resonance]

1. Sounds like Deal needs a bailout. nt

[Dawgs]

2. Governor going into bankruptcy that needs to balance state budget does not make for a good campaign.

:evilgrin:

[KingFlorez]

3. He resigned from the House so he didn't have to go through an ethics investigation