1999....What a yea, for Rainwater. Follow the Money

1999 Rainwater was closing shop (Largest assets in Texas) in the HOMEHEALTH CARE industry by the DUMPING method through FINANCE , thus NCFE and affiliates via James K Happ.
The LAST , yes LAST, Executive to go on trial in Columbus, Ohio, scheduled for December 2008. Meanwhile, the DOJ issues a statement "...end of an era..." As if the case is closed! My goodness. The CEO and ex-Executive from NCFE who came from Richard Rainwater's HCA/TN HOMECARE after dumping onto NCFE with the promise of finance.



But despite the fact that Bush increased state spending on public schools by $3 billion a year since 1995, local school property taxes continued to rise and the tax cuts were enjoyed by few Texans. (“State’s Budget Crunch Haunting Bush,” February 18, 2001)

According to the Houston Chronicle article cited above, the Texas tax cuts caused a decrease in state funds to local governments, which meant local governments had to raise property taxes to make up the difference. Further, in 1999 the state legislature decided to fund Medicaid for 23 months of the next 24, so that $110 million would be available to make the budget balance. The imbalance was passed on to the 2001 budget.
On the other hand, Richard Rainwater enjoyed a $1 million tax break. Texas billionaire Rainwater, a former co-owner of the Texas Rangers, is another Bush benefactor who has done well by investing in Bush’s political career. Rainwater was able to buy several buildings from the Texas teachers’ retirement system without bidding, at a $70 million loss to the teachers. Also, according to Bush Watch, Tom Hicks invested $9 million of UTIMCO money in one of Rainwater’s equity funds.

As Paul Krugman pointed out in his July 16 column, Bush’s record as a businessman and a governor reveal three characteristic traits. First, he likes to work in secret, as if the people have no right to know what their chief executive is doing on their behalf. Second, he freely appropriates public monies and institutions to reward his friends and reinforce his political power. And third, he is utterly indifferent to conflicts of interest.


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Follow the Money
The captains of several American industries did not want Al Gore to be elected president.

Clinton was bad enough, they thought. Clinton had faced down the timber industry, the automobile industry, major utilities, coal, and Big Oil itself by decreeing anti-pollution measures that cut into profits. Yes, Clinton was bad enough. But Al “Earth in the Balance” Gore promised to be even worse.

According to the Center for Responsive Politics, industry put its money on Bush, not Gore.