Proof Blackwell was wrong on leasing Turnpike / Republicans owe an apology

You know, it sure feels good to be the King!

Many of us remember Blacksmells attempt to lease our toll roads. Many Blacksmell bobble headed bloggers could not wait to line up behind Ken to tout this misguided plan.

Some may remember me being adamantly against this mindless proposal.

Here in our own party, Blacksmell attacked long time RPCC members in his scorched earth campaign. Many in our party, not having a spine, supported this idea and allowed the party censure of longtime, loyal party member. This person was simply defending himself against attacks and spoke out against the poor idea of leasing our toll roads.

It looks like our party owes somebody an apology!

From WND --

Investment analysts in New York and Australia charge that Macquarie, the Australian conglomerate leasing U.S. toll roads, is a "house of cards" that has made billions by spinning off the highway assets into over-valuated investment trusts controlled by the bank.

Titled "The Fatal Flaw in the Financing of Private Road Infrastructure in Australia," the paper argued equity investors in Macquarie investment trusts are likely to suffer heavy losses by excessive valuations Macquarie makes of financed toll roads that are packaged together to be sold to pension funds and other institutional investors.

Goldberg also argued that government guarantees on Macquarie projects are often buried in the confidential part of toll road "comprehensive development agreements," such that the public taxpayer liability only comes to light when a toll road project fails. More....

Rumor has it Blacksmell might run against Rinovich. Let's hope he does! Maybe they can both RUN right out of Ohio!

Ken, please take your Cuyahoga County Coordinator with you!

Hello, Hello? Damn phone is STILL broke! Now how about that apology!?!