Sunday, April 8, 2012

Editorial: Spence credibility buried in avalanche of TARP explanations

Editorial: Spence credibility buried in avalanche of TARP explanations

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It's rare that a boneheaded decision gets a politician into trouble. It's usually the cockamamie explanation that does it.
As Republican gubernatorial candidate Dave Spence tries to escape a nimbus cloud of contradictions over his actions as a board member of Reliance Bancshares Inc., he should take that lesson to heart. Otherwise he'll struggle to get out of the GOP primary against Kansas City lawyer Bill Randles, let alone have a chance against Gov. Jay Nixon, a Democrat, in the November election.
Mr. Spence, a wealthy St. Louis businessman, should have learned that lesson before he ever entered the race. After all, he pushed aside his friend, Lt. Gov. Peter Kinder, when Mr. Kinder stumbled over contradictory explanations for spending taxpayer dollars on personal stays in St. Louis luxury hotels and his relationship with a former stripper.

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