Stephen Spruiell from the Media Blog on the Delay indictment:
[T]he indictment is totally phony. Here's why:
The indictment centers around a money swap that took place between the Texans for a Republican Majority PAC (TRMPAC), to which DeLay has ties, and the Republican National State Elections Committee (RNSEC). TRMPAC sent $190,000 to RNSEC, and RNSEC then sent the same total amount in seven checks ranging from $20,000 to $40,000 to Texas House candidates in 2002. Travis County DA Ronnie Earle, a Democrat, calls this money laundering, because the money that TRMPAC sent to RNSEC came from corporations, which are barred from contributing to campaigns in Texas.
What you won't hear in the press is that
A) This is a perfectly legal move, and
B) the Democrats did the exact same thing.
An Institute on Money in State Politics study reveals that on Oct. 31, 2002, the Texas Democratic Party did the same thing when it sent $75,000 to the Democratic National Committee (DNC) and received $75,000 back from the DNC the very same day.
Here's what I wrote about this case last summer:
<<<
Just to put this $190,000 deal into perspective and demonstrate the petty, vindictive nature of this partisan investigation, the study also reveals that Democrats transferred a total of approximately $11 million dollars in soft money from its national parties to fund Texas campaigns in 2002, compared to $5.2 million transferred by Republicans.
>>>
I've been watching TV all day and no one has provided this context. I'll keep watching to see if the coverage gets more than fingernail-deep.
Bottom line: Even people who aren't fans of Tom DeLay should show some intellectual honesty and admit that this is an out-of-control prosecutor and a phony charge.
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