You Lie (to Bill White not President Obama)

You Lie (to Bill White not President Obama).

Going back to 1997 Bill White made millions off of his investment in an failed energy company, Frontera Resources.  After trying to hide this by not releasing his tax returns Bill White finally publicly admitted to making millions off of his failed investment, only after a major Dallas Morning News investigation came out last week blowing his cover story out of the water.

Don’t miss the latest web video from the Perry campaign set to the theme of Jim Carrey’s Lair Lair movie.

However Bill White continues to this day to lie about when his Frontera profits were made.

Just last week Bill White’s spokeswomen Katy Bacon stated to the Houston Chronicle that Bill White “Didn’t make a profit until after the market turned around and the company went public in 2005.”

This is completely false.  YOU LIE Bill White!  The Perry campaign statement sums it up the best.

This is completely untrue, as the AP also reported: “In 1997 when White was the state’s Democratic Party chairman, he reported selling between 5,000 and 9,999 shares Frontera stock for net gains of $25,000 or more, and two separate sales of less than 100 shares for net gains of less than $5,000. He also reported earning from $500 to $4,999 from interest, dividends, royalties and rents from Frontera in 1997, according to his financial statement provided to The Associated Press by Perry’s campaign.” [1]

The annual personal financial disclosure that then-Texas Democratic Party Chairman Bill White filed with the Texas Ethics Commission on May 28, 1998, containing his 1997 financial activity and Frontera profits, is available online at www.liberalbill.com.

Today is also Day 137 of Bill White refusing to release his taxes from his years in public service.

Bill White refuses to release his taxes from 1993-1998, years he held public service positions that required him by law to complete annual personal financial disclosures. While Bill White was Deputy Secretary of Energy (1993-95) and Chairman of the Texas Democratic Party (1995-98), he was required by law to complete annual personal financial disclosures that he has also failed to make public.

SOURCING

[1] “Texas governor’s race heats up over business deals,” Associated Press, 7/19/10, http://www.chron.com/disp/story.mpl/ap/tx/politics/7115388.html

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