Gov. Rick Perry's Wealth Fueled by Land Deals

By: Associated Press Email
By: Associated Press Email

AUSTIN, Texas (AP) - The Associated Press says records it
examined show Gov. Rick Perry has squeaked over the millionaire
line thanks to his investments and a series of private land deals.

Some of the deals took advantage of his political connections. Perry's Democratic opponents have suggested that Perry traded on
his power and influence to turn a buck. Now that he is in a tough
primary for a third full term, Perry's Republican opponent, Sen.
Kay Bailey Hutchison, is raising the same accusations.

Perry aides say the governor has benefited from nothing more
than strong business acumen and good timing. He has also lost some
dough along the way, most notably last year, when a trust fund he
owns took a huge hit during the Wall Street meltdown and shed more
than a half million dollars in short and long-term losses, tax
records show.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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