Businesses affiliated with the husband of Missouri Sen. Claire McCaskill have received almost $40 million in federal subsidies for low-income housing developments during her first five years in office, but McCaskill's campaign said Tuesday that none of that money made it into the family's personal bank accounts.
McCaskill's Republican challenger, Rep. Todd Akin, says the federal payments should be a cause for concern among voters. He's attempting to portray the Democratic senator's family as a prime beneficiary of government largesse.
"There is a conflict of interest and a breach of trust with the citizens of our state," Akin said in an interview with The Associated Press.
...The AP reviewed five years' worth of federal personal financial disclosure statements filed by McCaskill, which list more than 300 "affordable housing" businesses in which her husband, Joseph Shepard, had at least a partial ownership during the time she has been in office. At least one-third of those businesses also appear to be listed as recipients of federal payments in an online government database that tracks spending.
The firms affiliated with Shepard appear to have received about $39 million from the U.S. Department of Agriculture's Rural Housing Service or the Department of Housing and Urban Development between 2007 - when McCaskill took office - and the end of 2011. According to McCaskill's financial reports, Shepard earned an income of between about $400,000 and $2.6 million from those businesses in the years in which they received government payments...
So let me get this straight. During McCaskill's time in office, her husband received payments of between $400,000 and $2.6 million from the businesses subsidized in great part by her votes.
But "none of that money made it into the family's personal bank accounts".
That seems plausible, if you're a Democrat in the mold of Dodd, Frank, Rangel, Pelosi, Feinstein, Waters, Mollohan, etc. etc. etc.
At face value, these people appear so crooked you could open up wine bottles with 'em.
Hat tip: Brian and BadBlue News.
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