Saturday, October 4, 2008

Crazy: Pa-lie-n Lied About Sudan Divestment

The one and only time during the debate when I found myself in support of a statement made by Palin was when she said, "When I and others in the legislature found out that we had some millions of dollars [of Permanent Fund investments] in Sudan, we called for divestment through legislation of those dollars."

I should have known better because as it turns out Palin's statement was a LIE.

As ABC News reports...
"The [Palin] administration killed our bill," said Alaska state representative Les Gara, D-Anchorage. Gara and state Rep. Bob Lynn, R-Anchorage, co-sponsored a resolution early this year to force the Alaska Permanent Fund – a $40 billion investment fund, a portion of whose dividends are distributed annually to state residents – to divest millions of dollars in holdings tied to the Sudanese government. A search of news clips and transcripts from the first three months of this year did not turn up an instance in which Palin mentioned the Sudanese crisis or concerns about Alaska's investments tied to the ruling regime. Moreover, Palin's administration openly opposed the bill, and stated its opposition in a public hearing on the measure.

"The legislation is well-intended, and the desire to make a difference is noble, but mixing moral and political agendas at the expense of our citizens' financial security is not a good combination," testified Brian Andrews, Palin's deputy revenue commissioner, before a hearing on the Gara-Lynn Sudan divestment bill in February.

"I walked out of that hearing livid," Gara recalled of the February meeting. Because of the Palin administration's opposition to the bill, "We could not get a vote in that committee," he explained. At no point did Palin come out in support of the effort, Gara said.

Have they no shame?

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