The Power of Genetics!
So during a time when consumer confidence has hit record lows, and businesses short on credit are ratcheting things down, Paulson wants Portland taxpayers to spend at least $80 million the projected cost of the two stadium projects on his business venture?
So a colleague just forwarded this to me — it would be hilarious if it wasn’t so disgusting. Apparently Merrit Paulson, the demon spawn of national hero Hank Paulson, has managed to sucker the city of Portland into giving him $80 million in taxpayer money to help him finance, of all things, a pro soccer stadium.
It’s bad enough when mega-rich jerks like Paulson steal money from taxpayers to finance their vanity sports projects; even the bailout isn’t as big a ripoff as the stadium game, which allows monsters like the Steinbrenner family to take money from firefighters and teachers to help subisidize Alex Rodriguez’s $30 million salary, his nights out on the town with Madonna and Kate Hudson. But when it’s Henry Paulson’s son and he’s taking taxpayer money to fund not football, not baseball, but professional soccer, this just flat-out crosses the line. What’s next? Public funding for a store selling French ribbed turtlenecks? Subsidy for a Belgian man-purse factory? As business ventures of idle rich offspring go, this has to rank somewhere near JFK Jr.’s plans to mass-produce hand-made kayaks.
At what point are we going to stop handing taxpayer money to people who don’t need it? Is this ever going to end?