The Wall Street Journal has the details. A group of investors sinks $1000 into a start-up, and one of them sinks $75,000 into the Rick Perry campaign. The start-up – over the objections of the local panel that vetted its application – then got $4.5 million of Other People’s Money from a Perry Administration venture capital operation. Now that’s leverage.
I assume the White House political operation is paying attention. The most egregious unforced error of the Gore campaign in 2000 was its failure to do due diligence on Texas. If a governor or former governor is the Republican nominee this time around – as seems likely – the Democrats can’t afford another such mistake. Think “Willy Horton” and “Boston Harbor.” If it’s Perry, let’s mess with Texas.
Footnote Good to see that the WSJ hasn’t been full Murdochized: or perhaps ol’ Rupe has decided to ride with Romney. The story does have a rather predictable spin: Perry’s corruption is supposed to demonstrate that a state-run high-tech VC fund is a bad idea. That may be true, but the fact that Perry ran a crooked game doesn’t prove that it’s impossible to run an honest game.