We don't know the exact nature of Rep. Randy "Duke" Cunningham's relationship with his War Profiteer buddy Mitchell Wade, we do know for sure that U.S. taxpayers are getting screwed by such cozy relationships.
It seems like Wade found a way to slip the ranking Republican a cool $700,000 without getting caught. He bought Duke's house for that much more than it was worth.
Wade paid $1.7 million in November 2003 for the house in wealthy, seaside Del Mar, just north of San Diego. He put it back on the market soon after and eventually took a $700,000 loss when he resold it in October 2004. During that span, home prices in San Diego County rose an average of nearly 25 percent.
Meanwhile, Wade's little-known company, Washington, D.C.-based MZM Inc., was increasing its federal contracting business. In 2004, MZM tripled its revenue and nearly quadrupled its staff, according to the company's Web site.
Cunningham serves on the House Appropriations subcommittee that controls defense contracting dollars.
"At the time of the sale, I failed to adequately consider how this transaction might be perceived by others who don't know me," Cunningham said in his statement.
We perceive this relationship for what it is, an obscene abuse of power and the public trust.
The U.S. Attorney's Office in San Diego is investigating the house sale with help from the FBI, according to a law enforcement official who spoke on condition of anonymity because the investigation is ongoing.
Cunningham also contended he acted properly in living part time on Wade's boat, which is docked on the Potomac River in Washington.
Wade also had a "close" relationship with two other Congress people, Virgil Goode of Virginia and Katherine Harris of Florida (yes, that Katherine Harris!)
From "Republicans say the darndest things!" at
http://www.tomjoad.org/republicanfunnies.htm