Hysterical Headlines (Funny or Absurd) for July 12th – Blind political motivation in the media
Bottom Line: Your daily doses of nonsense in the media and my takes on them...
Excerpt: The reason Gov. Rick Scott's net income rose 55 percent in 2017 has to do with electric cars, China partnerships, a company turnaround, and a single transaction that resulted in a revenue boost of as much as $550 million to the governor and his family.
Continental Structural Plastics, a Michigan-based company that supplies lightweight plastic components to the automotive industry, sold for $825 million on Jan. 3, 2017 to a Japanese conglomerate. The company, bought by Scott in 2005 for an undisclosed price, was one of the largest assets in the millionaire governor's portfolio.
So how "blind" was that trust to the governor? We don't know.
Hot Take: So, let's see... The governor invested in an automotive company 13 years ago that sold for a huge profit last year and you created an entire – elaborate hit piece on the governor based on a premise that quote "we don't know" the answer to? This is how desperate you've become? This article also harkens back to the HCA era to try to play that card again and even laughingly attempts to assert that Rick Scott was responsible for the Great Recession – ok not actually the Great Recession but it trashes his role in running business finance company American Captial Strategies. It cites how poor off the company was when he left to become Govenor. Umm, this just in, being a business finance company during the Great Recession is what led to the company struggling. Unlike most of American Captial Strategies competitors that went out of business during the recession, he managed to keep the company in business. As for the time there... he performed exceptionally well. American Capital was one of my top five performing investments between 2000-2007 (I sold in 2007). I averaged annual returns exceeding 20% annually during that time. But nice try Herald and btw.
This is what the average voter is supposed to care about instead of his exceptional record and leadership as governor of Florida? Wouldn't it be more constructive to examine the track record of Scott as a public official instead? I guess that wouldn't fit the narrative though would it.