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June 13, 2005

Frist loses Campaign funds to stock market... can you say dumb ass?

Dear President W, if your own Senate Majority Leader can't invest properly, what the fuck do you think the American people are going to do with their Social Security privatized investments?

You dumbshit... both of you...

Link: Frist's finances questioned.

Election Day 2000 was five months off, but Bill Frist was already in an enviable position. With a fat campaign war chest and only token opposition in what he had decided was his last race for the U.S. Senate, Frist could turn his attention to grander plans.

Frist began focusing on raising record amounts of cash for other Republicans. But while he was picking up political IOUs that could aid him greatly in a run for president in 2008, his own campaign finances took a sharp, and in some ways baffling, turn for the worse.

Hundreds of thousands of dollars Frist's supporters had given him to run for the Senate were dwindling at a rapid rate. Much of that money was lost in a stock market investment that experts say was out of line with the way candidates traditionally invest campaign funds. Frist's campaign also took on more than $1 million in debt so that it could repay Frist for interest-free loans he made to his campaign six years earlier.

Posted at 4:53 AM    Bad Republicans

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