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Tuesday, August 30, 2011

Richard Mourdock Talks Himself Into a Corner

No one is suggesting wrong doing but Secretary of the State of Indiana Richard Mourdock invites controversy by discussing his personal investment decisions on the Huffington Post where he is reported to have said he dumped his entire stock portfolio on August 2. Since Mourdock dumped his own stock, the value of the Indiana pension funds he oversees has declined by 11.2% or $1.2 billion. Now Mourdock says he doesn't make the day to day investing decisions but earlier his office issued a press release bragging about the 6.99% return on the funds' investments. As Brian Howey puts it, "Just as the current secretary of state says he’s not the state’s chief elections officer, Mourdock appears to be saying he’s the state’s chief financial officer - but only for the good parts." Dick Mourdock may be an honest man but his political ineptitude should make Hoosier Republicans think twice about replacing a sure to win Dick Lugar with someone who talks himself into unnecessary trouble.

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