Martin considering a run for governor Martin considering a run for governor

Ed Martin

– St. Louis attorney Ed Martin said Tuesday that he will consider a run for the Republican nomination for governor.

“I believe Jay Nixon is one of the worst governors of Missouri,” Martin said Tuesday on KMOX. “Serious people who care should consider [a run] when they’re asked.”

If he ran, Martin would enter his third primary race in the last year, having challenged Ann Wagner in the 2nd Congressional District and Sarah Steelman for the Republican Senatorial nomination.

Martin would enter a primary with St.Louis businessman Dave Spence and Kansas City attorney Bill Randles. Spence entered the race earlier this month after Lt. Gov. Peter Kinder announced he would not seek the nomination.

Over the weekend, Martin’s political aide published a research memo blasting Spence for his handling of Troubled Assets Relief Money while serving on a bank board. To Reardon, Martin questioned the quality of the current set of Republican candidates.

State Auditor Tom Schweich is also considering a run, Republican sources tell PoliticMo. Martin said he has urged Schweich to run, but would not say whether or not he would run if Schweich did. Courtesy of Politico


Our addition: 

                    Tea Partier Ed Martin: A controversial and perennial elective office loser

                         What's the holier-than-thou Ed Martin doing with these young partiers?
                         (Is he a party animal like Missouri's Lt. Gov. Peter Kinder?)


Schweich Threatening to Follow Through on 2012 Revenge Campaign Threat (click the link)

Missouri State Auditor Schweich promises to finish out the term but new he is reneging on his pledge and wants to run for the governor's race in 2012. If he can't keep his word how are we going to trust him with the governor's office during these times of economic uncertainty? (click the link to watch the YouTube video).

What has the GOP come to in Missouri? They seems to be in disarray when fielding a viable candidate  against the incumbent Gov. Nixon. All their three candidates are tainted. You have Dave Spence, who benefited from a $42,000,000 TARP bailout to his bank and is lying about it; Ed Martin, a controversial maniac & perennial election loser who doesn't seem to know what elective office to run for in 2012; and Tom Schweich, an incumbent state auditor who wants to break the pledge to finish his term.

Ed Martin has put a report out on the Internet to undermine Dave Spence (click the link to read the report).  

It's going to be a long and ugly GOP primary in the Show-Me state. Can't wait for the slugfest!
Gov. Nixon benefits out of all this.

Who is Dave Spence? 3: "Dave Spence Background Research-Part 1"

Controversy over Reliance Bancshares, Inconsistent Response

Spence served on the board of directors for Reliance Bancshares, which he resigned fromin March 2011. While he served on the board, the bank accepted $42 million from TARP.Just before his resignation; the company announced that it would not be paying the Treasury a $2.2 million annual dividend that was required in order to pay back taxpayers  this was to be the bank’s first payment. When asked by the AP, he said that he couldn’t recall the decision to stop paying, but he told PoliticMO that he resigned from the bank’s board because of their decision to suspend payments. However, in an SEC filing the bank said that his resignation was not due to any disagreement.

Statement issued: Effective March 11, 2011, Jerry S. Von Rohr resigned as Chairman of theBoard of Registrant, but he continues as a member of the Board of Directors. EffectiveMarch 15, 2011 David R. Spence resigned as a Director of Registrant. Their resignations are not related to any disagreements with Registrant’s operations, policies or practices.

Between December 31, 2009, and December 31, 2010, Reliance Bancshares made $21,041,439 in loans to executive officers and directors or to benefit officers and directors. This is equal to approximately half the money they received through TARP.

 In fall 2010, Spence bought 500,000 shares of Reliance stock for $1.5 million. On the proxy statement filed with the SEC on 3/25/11 by Reliance, David R. Spence is listed as receiving $10,250 for his services on the Board of Directors. On the proxy statement filed 4/1/10, Spence is listed as receiving $2,000 for his services. Courtesy of http://www.scribd.com/doc/73952082/Dave-Spence-Research-Part-1

Our addition: 

Millionaire Dave Spence: He approved TARP bailout for a bank he ran, benefited from it, and  has been caught lying about why he resigned when his bank refused to pay back American taxpayers. He is a hypocrite. Is this the kind of man we want to be the next governor of Missouri?

Dave Spence's $8,000,000 Home in St. Louis. Can you afford to elect him next Governor of Missouri? You lost your job, home, health care, retirement etc or squeaking by! Is Spence the man you want in the Governor's mansion during this economic crisis? The man who is blessed with such immense wealth vows to take away the rights of the police, firefighters, nurses, teachers, sanitation workers you name it once he is elected Missouri Governor! He will go after the middle class and the poor! He will be as heartless as Gov. Walker of Wisconsin and Kasick of Ohio! He will create wealth for the upper 1% at the expense of the rest 99% of us!
He wants to use his wealth and that of his opulent friends to buy into the governor's office and devastate the middle class and those that are most vulnerable.


Why are wealthy Americans like Dave Spence greedy and heartless?


Does Dave Spence have any other skeletons in his closet other than the TARP scandal? 

Dave Spence to Missouri voters: Don't Worry Be Happy!
Elect me so that I can take away the rights of the police and
firefighters who protect us, nurses who treat us, teachers who
educate our children, sanitation workers who ensure we live
in clean environment you name it! Don't Worry Be Happy!
my first executive order of business is give millionaires and
billionaires a tax break because I strongly believe in
"Trickle-Down" Economics! I'll care for the top 1% and
the rest of you the ninety-niners (99%) can take a hike!


SHAME MILLIONAIRE SPENCE! SHAME! SHAME MILLIONAIRE SPENCE! SHAME! 

Who is Dave Spence? 2: "Dave Spence Background Research-Part 1"

Background on Dave R. Spence

Dave Spence is 53 years old. He is the founder, president and CEO of Alpha Packaging (a position he has held since 1985) and serves as chairman of Legacy Packaging. He graduated from the University of Missouri-Columbia with a Bachelors Degree in Business Administration in 1980 and was a member of the Beta Theta Pi fraternity, which he is still very involved with. He is a member of the World Presidents Organization and Chief Executives Organization and is active with the Regional Business Council, St. Louis Sports Commission, and Roosevelt High School. He lives in St. Louis with his wife, Suzie. They have four children.

 In addition to Alpha, he owns Legacy Packaging of Earth City and a restaurant in Park City, Utah.

Alpha Packaging manufactures plastic bottles, both HDPE and PET, focusing on the pharmaceutical, personal care, food, and beverage industries. They are among the top 30 largest blow molders of plastic in North America. In addition to their facilities in St. Louis, they have five additional manufacturing facilities, including locations in Brooklyn, NY, Salt Lake City, UT, and the Netherlands. In 2005, the firm entered into a partnership with Stonebridge Partners, and in 2010 the company was acquired by Irving Place Capital for $260 million. Spence has two corporations registered for Alpha, one as Alpha Packaging Holdings, Inc. and one as Alpha Packaging, Inc. Source: http://www.scribd.com/doc/73952082/Dave-Spence-Research-Part-1

Who is Dave Spence? 1: "Dave Spence Background Research-Part 1"

Spence Contributed to Chuck Schumer

While all other contributions from Spence, his wife, and his company have been to Republicans or conservative groups, including nearly $10,000 dollars to Lt. Gov. Peter Kinder, Spence has made one contribution to a Democrat - $1,000 to Chuck Schumer in 2004

Courtesy of http://www.scribd.com/doc/73952082/Dave-Spence-Research-Part-1

Our addition:

What kind of Bible-Thumping Conservative Republican contributes to a heart-bleeding liberal like Sen. Schumer? He is considered to be the Dean of Liberal Democrats in the United States Senate.

Who is Dave Spence? "Missouri's 10 Biggest Turkeys"

Before you head for the couch in a tryptophan induced coma, we've got one last bit of turkey for you.  Well, 10 bits, really.  So grab yourself another slice of pie (you know you want to) and follow along for Missouri's 10 Biggest Turkeys.

1. Rep. Todd Akin: for being too turkey to meet with his own constitutents.  On numerous occasions, clergy, students, seniors and working families have asked to meet with Akin to discuss his alarming views on Medicare, Social Security and Medicaid and repeatedly, Akin has refused to meet with them.
2. Ed Martin: We know he hates Obamacare, but why lie about it?  Martin needs to leave the gobbledygook to the turkeys and focus on the facts.
3. Roy Blunt: After squawking about the jobs crisis, Blunt repeatedly voted against every jobs bill that came to the floor of the Senate.
4. Peter Kinder: Was it the inability to stay on message and off twitter? Or his affinity for pantless parties?  Whatever it was, it all boils down to Kinder being too turkey to challenge popular Gov. Jay Nixon next year and settling for another run for lt. governor.
5. Missouri's Republican Legislature: for demanding a special session to address Missouri's jobs crisis and then, when finally getting what they want, just standing around like a gaggle of turkeys doing nothing but twiddling their thumbs feathers.
6. Rob Mayer: He could arguably be lumped in with Missouri's Republican Legislature, but after fowling out on a jobs bill during special session, he added insult to injury with this: "We adjourned [because] it would be fruitless to continue onward and waste the taxpayers’ money."
7. Rex Sinquefield: Rex wants you to pay more in taxes so he doesn't have to so he's trying to eliminate the state income tax in favor of a monstrous sales tax.Thanksgiving's turkey dinner already costs 13% more this year and if Sinquefield has his way, it'll continue to cost more and more and more.
8. Dave Spence: So far, Spence has refused to talk turkey about the $40million TARP bailout his bank received and refused to pay back.
9. Steve Tilley: Something's fowl after Tilley pulled out of the lt. governor race after some incredible fundraising.
10. Birther Tim Jones: From his support of extreme right-winger Orly Taitz's challenge of the President's citizenship, to his insulting of the Missouri-made Boeing F18 Super Hornet, to his continued attacks on workers' rights, Jones is an Epic Fowl. Read article>>
    

Our addition:

Dave Spence is worth $190-200 million and lives in a $8 million mansion in St. Louis

Would you trust a guy who presides over a bank that took $42,000,000 TARP bailout and then refused to pay the federal funds? Spence resigned from the bank's Board of Directors when he realized that the TARP bailout was going to be a political liability in the 2012 governor's race. He says he never benefited from the TARP bailout which is a lie. The guy has a serious credibility problem. 

Mr. Spence intends to buy his way into the Governor's mansion by spending $4,000,000 of his own money for a start. 

Dave Spence's $8,000,000 lavish Home in St. Louis. Can you afford to elect him next Governor of Missouri? You lost your job, home, health care, retirement etc or squeaking by! Is Spence the man you want in the Governor's mansion during this economic crisis? He would use the governor's office to transform himself from millionaire to billionaire.

Dave Spence says to Missouri voters DON'T WORRY BE HAPPY ELECT ME
GOVERNOR SO THAT I CAN TRANSFORM MYSELF FROM A
MILLIONAIRE TO A BILLIONAIRE! THE BANK I PRESIDED OVER GOT
A TARP BAILOUT OF $42,000,000 AND I REFUSED TO PAY BACK THE
TAXPAYERS' MONEY! I AM SILENT ABOUT WHY I RESIGNED FROM
THE BANK TO RUN FOR MISSOURI GOVERNOR IN 2012! HA HA HA!
DON'T WORRY BE HAPPY FOLKS!

Does Dave Spence have any other bones in his closet other than the TARP scandal?

Who is Dave Spence? "ON CONSERVATIVE TALK RADIO: KINDER CALLS ON SPENCE TO DEFEND BANK BAILOUT"

Jefferson City, Mo.—Just days after endorsing his fraternity brother’s campaign for Governor, Missouri Lt. Governor Peter Kinder took to conservative radio to call on David Spence to explain the circumstances around Spence’s resignation from the board of Reliance Bancshares, and defend the bank’s decision not to repay its bailout funds.  Spence has said he supported the bank’s decision to accept $42 million in bailout money, but his story about the bank’s decision to stop making payments on the loan conflicts with what the bank told federal authorities.  Spence also claimed he didn’t personally “get one cent” from the bailout funds, but it turns out he owned nearly 600,000 shares of the bank’s stock.

"Even David Spence’s friends know that his clumsy explanations about his bank’s $42 million bailout aren’t cutting it.  David Spence has spent his first week as candidate ducking questions about his bank’s decision to stop repaying its bailout and misleading voters about his decision to leave the bank.  If David Spence wants Missouri voters to take him seriously, he can start by giving them an honest explanation about his bank’s failure to pay back its $42 million bailout," said Caitlin Legacki, Missouri Democratic Party spokeswoman.

According to Politico, Kinder made the statement to conservative radio host Dana Loesch on Monday afternoon. “I am not briefed on the details of the TARP [at] the bank board he sat on or . . . under what circumstances they did or didn't pay a dividend," Kinder said. "Those details are something in his business background that he's got to defend." [Audio available here.]

Last year, Kinder said “TARP and all bailouts” should be terminated. [Twitter, 5/18/11]

NOT CREDIBLE: DAVE SPENCE’S EXCUSES AND EVASIONS JUST AREN’T CUTTING IT WITH MISSOURI VOTERS – OR HIS COLLEAGUES

David Spence served on the board of directors of Reliance Bancshares, which received $42 million in bailout money through the Troubled Asset Relief Program (TARP) and yet still paid its CEO a lavish salary as well as bonuses and perks.  According to the St. Louis Business Journal, the bank stopped making payments on its TARP debt in late 2010.  [St. Louis Business Journal, 3/25/11; 8/9/11, 10/7/11; St. Louis Post Dispatch, 4/23/09; St. Louis Beacon, 11/18/11]

Spence Said He Didn’t “Recall Any Details” But Praised the Bailout for Giving Banks an “Extra Cushion of Capital.” When asked by the Associated Press about Reliance Bank’s decision to stop paying back the TARP money it owes, “Spence said he doesn't recall any details about that decision, but he said the federal bank bailout program helped avoid a potential economic disaster by providing banks with ‘extra cushion of capital.’” [AP, 11/8/11]

• FACT: Spence Was Serving on the Board of Directors When Reliance Decided to Stop Repaying Bailout.  Spence served on the board of Reliance Bancshares until March 2011. According to the St. Louis Business Journal, Reliance “has not made a [TARP] payment since November 2010.” [St. Louis Business Journal, 3/25/11, 10/7/11]

Spence Now Says He Resigned Over the Bailout Issue.  In two separate interviews, Spence maintained that he resigned from the board of Reliance Bancshares over the issue of TARP.  As reported by Eli Yokley,   “In early 2011, Reliance suspended payments on TARP, and a month later, Spence resigned from the bank’s board.  ‘I resigned from the bank board over this issue,’ Spence said.”  As reported by the St. Louis Beacon,  “Spence resigned from the holding company and the board last March and says he did so, in part, because he objected to Reliance's decision not to make the $2.2 million payment to TARP… ‘What I wanted to do, and what the board wanted to do, are two different things,’ Spence said.  [PoliticMO, 11/15/11; St. Louis Beacon, 11/18/11] 

• FACT: Statements Directly Contradict the Company’s Official Statement to Federal Regulators. According to Reliance’s statement filed with the Securities and Exchange Commission, Spence’s resignation was “not related to any disagreements with [Reliance’s] operations, policies or practices.”  According to SEC regulations, “if a director has resigned or refuses to stand for re-election to the board of directors…the company must disclose… a brief description of the circumstances representing the disagreement that management believes caused, in whole or in part, the director's resignation, refusal to stand for re-election or removal.” [SEC Rule 33-8400; Reliance Bancshares Form 8-k, 3/16/11]

Spence Insisted He Did Not ‘Get One Cent From TARP.’ As reported by the St. Louis Beacon, “His point to the public, said Spence, was that he personally ‘did not get one cent’ from TARP.” [St. Louis Beacon, 11/18/11]

• FACT: As A Large Stockholder, Spence Benefited from Reliance’s Government Bailout.  Spence owned nearly 600,000 shares of Reliance Bancshares stock – stock that would have been worth much less had the bank not been infused with $40 million in government bailout funds. [Reliance Bancshares, SEC Form 4, 9/20/10; St. Louis Business Journal, 2/23/09]. Courtesy of Missouri Democrat.

Our addition: 

Dave Spence: I am worth $180-200 million, live in a $8 million mansion,
and took a TARP bailout of $42 million for my bank but refused to pay it
back! oops! I resigned from the bank board of directors when I realized
it was going to be a political liability in the 2012 Missouri governor's
race! MISSOURI VOTERS DON'T WORRY BE HAPPY! Click the
right-pointing arrow to watch the YouTube video and song. 

DAVE SPENCE IS A TYCOON WHO WILL BAIL OUT OF YOUR INTEREST! CAN YOU AFFORD THAT? HE WILL BE A GOVERNOR BARRICADED WITH WEALTHY FRIENDS IN HIS $8,000,000 MANSION!