Wednesday, October 17, 2012

Bailout

Watch the following YouTube video about Dave Spence by clicking the right-pointing
arrow.




Millionaire Home Economist says Don't Worry Be Happy! I oppose the federal minimum
wage of $7.25 for Missourians but I am worth $265,000,000 
and I live in a $8,000,000
palace with a golf course. His voted for his bank not to repay the federal TARP bailout.
Isn't it an insult to our 
intelligence that such a greedy & heartless man wants to be the
next Governor of Missouri.

Re-elect Gov. Jay Nixon on November 6, 2012. Reject Home Economist Dave
Spence.

Bailout Spence has taken Millions from the Tax Payer of Missouri.

Read the twitter messages by clicking the link below about how Americans are as mad as hell about Dave Spence's refusal to pay back the bailout money his bank owes to the taxpayer:

Bailout Spence has taken Millions from the Tax Payer of Missouri.


Millionaire Home Economist says Don't Worry Be Happy! I oppose
the 
federal minimum wage of $7.25 for Missourians but I am worth
$265,000,000 
and I live in a $8,000,000 palace with a golf course.
Isn't it an insult to our 
intelligence that such a heartless man wants
to be the next Governor of Missouri?

CAN YOU AFFORD TO ELECT A BIBLE-THUMPING CONSERVATIVE
HYPOCRITE WHO LOVES federal TARP bailout?

Re-elect Gov. Jay Nixon on November 6, 2012. Reject Home Economist Dave
Spence.

No Bailout Spence picture, courtesy of @NoBailoutSpence's profile photo


Courtesy of @NoBailoutSpence

Re-elect Gov. Nixon on November 6, 2012. Reject millionaire home economist Dave Spence.

Tuesday, October 16, 2012

Dave Spence fudged his college credentials





Why wouldn't home economist Spence, a guy who lives in a $8,000,000 home and is worth $260,000,000 not just look dapper in a chef's hat and apron and stay home to cook, knit, manage home budget etc. for his family instead of fudging his college degree and now poll, and making fun of himself? What forces a multimillionaire home economist to ridicule himself to Missouri voters? The exaggeration by Spence that he has economics degree from Mizzou instead of Home Economics speaks to his character deficiency. Missourians are not going to be fooled.

Re-elect Gov. Nixon on November 6, 2012. Reject Dave Spence and his millionaire buddies.

Nixon Campaign Releases Third TV Ad about Dave Spence’s Bank Bailout

Click the link below to read the full article:


Nixon Campaign Releases Third TV Ad about Dave Spence’s Bank Bailout

Re-elect Gov. Jay Nixon on November 6, 2012. Reject Home Economist Dave
Spence.

Angry

Watch the YouTube video about Dave Spence


                               Click the right-pointing arrow to watch the video.

Re-elect Gov. Jay Nixon on November 6, 2012. Reject Home Economist Dave
Spence.

What's Worse than a Republican Gubernatorial Candidate Who Frequented Strip Clubs? How About One Who Supports TARP?

Click the following link to read the Riverfront Times article:

What's Worse than a Republican Gubernatorial Candidate Who Frequented Strip Clubs? How About One Who Supports TARP?

Re-elect Gov. Jay Nixon on November 6, 2012. Reject Home Economist Dave Spence.


Should Dave Spence’s bank repay its $40 million bailout to the taxpayers?

Click the following link to watch the video, vote, and decide:

Should Dave Spence’s bank repay its $40 million bailout to the taxpayers?

Re-elect Gov. Jay Nixon on November 6, 2012. Reject Home Economist
Dave Spence.





Candidate for Missouri governor beset by problems with late tax payments


Click the following link to read the full article:

Candidate for Missouri governor beset by problems with late tax payments



Bloggers' Comment:

If Dave Spence can't file his taxes in time how will he handle governing the state of Missouri?

Re-elect Gov. Nixon on November 6, 2012. Reject millionaire home economist Dave Spence.

Re-elect Gov. Nixon. Reject Home Economist Dave Spence. Watch this video-1


Click the right-pointing arrow to watch the YouTube video about
Dave 
Spence. He voted for his bank to repay the taxpayer bailout
while he 
benefited himself. Re-elect Gov. Nixon on November 6,
2012.


Re-elect Gov. Jay Nixon on November 6, 2012. Reject Home
Economist Dave Spence.

Monday, October 15, 2012

DAVE SPENCE HIDES HIS STOCKS IN BAILED-OUT BANK, OTHER FINANCIAL INTERESTS FROM PUBLIC

Click the link below to read the full article:


DAVE SPENCE HIDES HIS STOCKS IN BAILED-OUT BANK, OTHER FINANCIAL INTERESTS FROM PUBLIC

Jay Leno Turns Dave Spence Into a National Joke


     Click the right-pointing arrow to watch the YouTube video.
Doesn't Dave Spence look dapper in a chef's hat? There is nothing wrong with home economics. Why did he have to hide his credentials? Doesn't that speak to the character of Spence, the millionaire who wants to be Missouri's next governor?

RE-ELECT GOV. JAY NIXON ON NOVEMBER 6, 2012. REJECT DAVE SPENCE. 

Candidate for Governor speaks about past DWI.

Click the link below to read the article on Spence's DWI:

Candidate for Governor speaks about past DWI


Dave Spence says Don't Worry Be Happy! Elect me although
I live in an $8,000,000 mansion, I file my company taxes late,
I pay lower taxes than my secretary, I have DWI conviction, my
bank refused to pay back the taxpayers' bailout money and I
benefited out of it, I'll give huge tax breaks to the wealthy and
corporations etc. 


Is Dave Spence the person you want in the Governor's mansion?

Re-elect Governor Nixon on November 6, 2012. Reject millionaire
home economist Dave Spence.


Sunday, October 14, 2012

MORE BAD NEWS FOR DAVE SPENCE’S BAILED OUT BANK: RELIANCE BANK POSTS ANOTHER $34 MILLION LOSS LAST YEAR, STILL NOT REPAYING ITS $40 MILLION BAILOUT

Click the link below to read the article:

MORE BAD NEWS FOR DAVE SPENCE’S BAILED OUT BANK: RELIANCE BANK POSTS ANOTHER $34 MILLION LOSS LAST YEAR, STILL NOT REPAYING ITS $40 MILLION BAILOUT

Re-elect Gov. Jay Nixon on November 6, 2012. Reject Home Economist Dave
Spence.

Spence’s ties to bank bailout focus of new Nixon ad

Click the link below to watch the video and read about how Dave Spence is being blasted about the bank bailout he refused to pay back to American taxpayers:


Spence’s ties to bank bailout focus of new Nixon ad

Re-elect Gov. Jay Nixon on November 6, 2012. Reject Home Economist Dave
Spence.


STL POST-DISPATCH REPORT: DAVE SPENCE’S BANK IS WORST-PERFORMING IN REGION SPENCE HELPED RUN RECKLESS BANK THAT STILL OWES TAXPAYERS $40 MILLION


Click the following link to read the full article:


STL POST-DISPATCH REPORT: DAVE SPENCE’S BANK IS WORST-PERFORMING IN REGION SPENCE HELPED RUN RECKLESS BANK THAT STILL OWES TAXPAYERS $40 MILLION






Friday, October 12, 2012

Missouri jobless rate dips below 7 percent


"The jobless rate in Missouri dipped in September to its lowest level in almost four years, state officials reported Tuesday.
At 6.9 percent, the state's unemployment rate is the lowest since Dec. 2008, and it fell from 7.2 percent in August as nearly 8,000 more people said they were working. Missouri's jobless rate remains well below the national average of 7.9 percent.
The Report the last statewide count before Election Day – is good news for Gov. Jay Nixon, who is facing a challenge from St. Louis-area businessman David Spence that has focused largely on economic issues. Nixon can now claim a jobless rate that is lower than it was when he took office, despite four years of recession and sluggish recovery.
A separate survey, which measures the number of jobs at Missouri companies, is a bit less rosy. It found payroll employment of 2,657,200 in the state in September. That's up 2,500 from August, and 11,400 from the same month last year. But there are still 78,900 fewer jobs in Missouri than there were in Jan. 2009.
Both numbers take seasonal variations into account."
Figures for the St. Louis metro area will be released by the Labor Department Oct. 30. Courtesy of St. Louis Post-Dispatch

Monday, April 9, 2012

Midwest Democracy | Candidate for Missouri governor beset by problems with late tax payments, The Kansas City Star

Dave Spence

Republican Dave Spence is running for Missouri governor on a simple platform: He's a businessman, and Missouri is a business.
"I want to be the CEO of Missouri," Spence tells audiences.
But an examination of tax and finance records shows that Spence, 54, or his companies have been late paying property, personal property, manufacturers' and other taxes totaling tens of thousands of dollars dating to 1995, and as recently as 2010.
Democrats are seizing on the late tax payments as evidence that Spence isn't qualified to be governor.
"Here's a guy who only cares about himself and his own bottom line, not about the taxpayers," said Democratic Party spokeswoman Caitlin Legacki.
Spence declined comment for this story. But his spokesman, Jared Craighead, called the tax allegations "a ridiculous Democratic attack that's meant to distract from (incumbent governor) Jay Nixon's dismal record on jobs."
Craighead added that all of Spence's taxes had been "paid in full."
In some cases, Craighead said Democrats were referring to cases in which a Spence tenant was expected to pay the taxes. In other cases, the amounts are so small as to result in penalties of just a few dollars.
"Most Missourians understand you get busy," Craighead said. "Dave's been building a business, creating jobs, and occasionally things aren't taken care of as promptly as we would like. ... They're old issues."
The late-taxes issue is yet another bump in the political road for Spence, who is running for public office for the first time and has suffered several stumbles since launching his campaign for governor last year.
In January, Spence changed his online biography to correct a claim about his degree from the University of Missouri in Columbia. Spence holds a home economics degree. But his biography on his campaign website originally omitted the word "home."
Last December, Spence's campaign distributed a flier in the St. Louis area that claimed he had attended the "University of Missouri-Columbia School of Business and earned a degree in economics." But Spence never attended the university's business school. His degree in home economics was awarded through a different school at the university.
Spence said later he didn't know his campaign materials had included the claim about the business school.
"I have said all along that I will not or do not lie," Spence told The Associated Press. "A lot of this is overblown."
Last weekend the AP reported about Spence's ties to a St. Louis area bank that made loans to him as a board member, even after the bank received a $40 million bailout from the federal government. Spence said he had done nothing wrong.
"I played by the rules," he said.
But Spence acknowledged to the AP that he had voted with the rest of the Reliance Bancshares Inc. board in early 2011 to forgo payments to the government. That was a change in what he told two media outlets previously, which was that he had resigned from the board in part because of that decision.
Until December, Spence was president and chief operating officer of St. Louis-based Alpha Packaging, which employs 800 people in eight states and the Netherlands. Alpha Packaging manufactures plastic bottles for pharmaceuticals and personal care products.
Spence entered the governor's race after fellow Republican Peter Kinder ended his campaign and opted to seek a third term as lieutenant governor. Three other GOP candidates also are in the race, although Spence is considered the most formidable because of his personal wealth. On the final day of November, for instance, Spence contributed $2 million to his own campaign.
Examples of Spence's tax problems:
  • In June 1995, the state of Missouri sued Alpha Packaging for unpaid manufacturers' taxes and personal property taxes totaling $10,071. The court dismissed the case the next month. Craighead did not know whether the case was dismissed because the taxes were paid.
  • In 2003 and 2009, Alpha Packaging was late in paying business personal property taxes in St. Louis County and was assessed interest and penalties. The 2003 taxes were paid on June 15, 2004, and included $63 in interest and $14 in penalties. The 2009 taxes were paid on Dec. 29, 2010, and included $42 in interest and $5 in penalties.
Craighead said Alpha Packaging had no record of interest or penalties paid in 2003. In 2009, Alpha failed to include one truck/tractor on its property tax declaration. Craighead called it an oversight.
  • In 2007, Spence and his wife were penalized $1,609 for past-due property taxes on their St. Louis County home, which campaign officials did not dispute.
  • In 2007, Spence and his wife were about six months late in paying taxes on their three vehicles and wound up paying $86 in interest and $16 in penalties. Craighead said confusion over whether Missouri taxes applied to a vehicle brought to the state from Utah caused the problem. "They were under the impression they did not have to pay it because it came from Utah," he said.
  • Alpha Packaging went more than three years -- 2007 to part of 2010 -- without paying a "local business tax" on a Jacksonville, Fla., plant. Craighead said the company discovered the issue itself and paid the tax.
  • In 2007, a lien was filed against one of Spence's businesses, Big Sky Properties, for more than $280,000 in unpaid bills related to building improvements. Craighead said a tenant was responsible for making the payments for the improvements, and the contractor filed a mechanic's lien on the property. Spence wound up making the payments and was later reimbursed by the tenant.
  • Big Sky Properties paid more than $23,000 in penalties and interest for late St. Louis County property taxes in 2008 and 2009. Craighead explained that "the renter (of the property) did not pay the taxes he was obligated to pay under the lease, and Dave had to step in and pay the taxes and was reimbursed."
At a gathering at the St. Charles Pachyderm Club last month, Spence reportedly said: "We're all paying taxes. ... We're all contributing. We look in the mirror every single night and say, 'I tried to do the right thing.' And we got a lot of people that aren't, and we've got to tighten it up."

Read more here: http://midwestdemocracy.com/articles/candidate-for-missouri-governor-beset-by-problems-with-late-tax-payments/#storylink=misearchChromeHTML\Shell\Open\Command#storylink=cpy

Read more here: http://midwestdemocracy.com/articles/candidate-for-missouri-governor-beset-by-problems-with-late-tax-payments/#storylink=misearchChromeHTML\Shell\Open\Command#storylink=cpy
Courtesy of Kansas City Star

Please click the following links for additional information about Dave Spence's tax problems:

Candidate for Missouri Gov Faces Problems With Late Tax Payments

Report: Candidate for Mo. governor paid taxes late

Report focuses on GOP hopeful's late tax payments

What other negative reports are in store for Dave Spence? The poor guy has been roasted before he even faces his primary challenger, let alone Gov. Nixon. Poor Home Economist Dave Spence, he can't help it!

Editorial: Spence credibility buried in avalanche of TARP explanations, St. Louis Post-Dispatch

Dave Spence

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.
Voters tend to forgive mistakes. But they won't put up with a thick fog of contrived answers that obscure the truth.
Here are the facts related to Mr. Spence's role on that bank board, as laid out in an Associated Press story by reporter David Lieb:
• Mr. Spence joined the bank's primary board after it asked for and received $40 million from the federal government's Troubled Asset Relief Program.
To help the bank improve its capital position, Mr. Spence invested heavily in the bank. Other board members didn't ante up to the same level.
• Mr. Spence and the rest of the board voted in early 2011 not to repay the $40 million in TARP money to the federal government. This was after the bank voted in 2009 and 2010 to approve loans, in approximately the same amount, to bank board members and executives. Mr. Spence received some of these loans, one for a vacation house at Lake of the Ozarks.
Considering the national controversy over the TARP bailout and the GOP's obsession in bashing it, Mr. Spence should have been prepared to answer questions regarding his role in it when he entered the governor's race.
He wasn't. First, he said he resigned from the board over the TARP issue, even though federal documents indicated otherwise. Then he said he couldn't remember how he voted. Bank boards take a lot of votes, Mr. Spence said.
Then he told Mr. Lieb the truth, that he voted against paying back the taxpayers. This occurred after he built a political campaign by criticizing the same government help that saved the bank he served.
Mr. Spence wants us to believe he and his fellow board members were scrupulously careful in following the rules when loaning each other money but didn't really pay attention enough to remember stiffing taxpayers of their $40 million.
Not only do Mr. Spence's answers lack the ring of truth — as did his previous explanation for confusing his college home economics degree with an economics degree — but they also perfectly illustrate the country's overwhelming struggle with income inequality and privilege for the wealthy.
The "haves" have rigged the system to their benefit. They take government money, use if for themselves, sometimes refuse to pay it back and then criticize the poor and elderly for their "entitlement" culture.
No wonder he "forgot."
At least Mr. Kinder's ultimate explanation for ending up in a Southside dive bar fawning over an-ex stripper had a certain panache. He claims he simply was looking for a bathroom and decided to have a glass of wine.

Wednesday, April 4, 2012

While defending bank role, Spence gives campaign $250,000 stimulus, St. Louis Post-Dispatch

Dave Spence

Republican hopeful for governor Dave Spence knows how to dip into his own bank account to help out his chances of winning in November.
It's other bank issues that have the plastics guru fielding a round of unwanted headlines.
At the deadline for the campaign finance quarter that ended Saturday, Spence donated $250,000 to his campaign, bringing his total personal contribution to at least $2.25 million.
The new injection of cash comes amid fresh scrutiny of Spence's role with St. Louis-based Reliance Bancshares, whose problem is it doesn't have enough cash.
In an interview with the Associated Press published over the weekend, Spence acknowledges that, while on the board of Reliance, he was part of a unanimous decision not to make payments on $40 million the institution received under the federal Troubled Asset Relief Program. 
That was a point he apparently did not realize until recently. Previously, Spence told the St. Louis Beacon that he "could not recall the details" behind the board's decision, but recently took steps to learn more about his role.
"It was a unanimous decision, based on the recommendation of the bank regulators, who said they did not have enough capital," Spence campaign manager Jared Craighead told the Beacon.
It's true that Spence's involvement with the bank cost him both financially, and, he says, personally.
"You'd come out of those meetings and you felt like you were hit over the head, or you went 10 rounds with Mike Tyson," Spence told the Associated Press.
Bank records also show that Spence — in what he has described as part of an effort to raise money for the bank — bought 500,000 shares for $1.5 million.
Today, those shares are worth less than $600,000.
Spence also received a number of personal and business loans while on the board of Reliance, which isn't necessarily unusual — that's how many bank board members get their seats in the first place. 
Indeed, the loans might have helped the bank, if it was struggling for new business.
But that may not do much to change the political calculus.
Spence's current travails not only demonstrate the pitfalls of executives venturing into politics — Spence likely never imagined that his association with Reliance could one day be a political liability — but also the superior campaign discipline of Democrats.
 
Gov. Jay Nixon's campaign team and the state party have been laser-focused on bringing attention to Spence's bank and TARP ties.
Republicans, meanwhile, have been attacking Nixon on ... an ad buy from the Democratic Governor's Association?
At the end of the day, Spence may well have suitable rationale for all his decisions while on the board at Reliance, which he left last year.
There is evidence that he tried to help the bank pay back the government.
Every moment, however, Spence spends discussing bank bailouts and the loan on his vacation home is time not spent chipping away at the incumbents already formidable advantage. Courtesy of St. Louis Post-Dispatch

Spence Doesn't Believe in the Minimum Wage

For Missourians trying to get by on $7.25 an hour, they can tell you exactly how hard it is to survive.  Trying to have a life, afford all the essentials, keep a roof over your head and food on the table for $15,000 a year is nearly impossible.  Trying to have a family?  Good luck.

But if Dave Spence and the free market had their way, there wouldn't be any minimum wage.  After giving a speech in Sedalia late last month, Spence stated that he doesn't support the federal minimum wage.  At all.

Unfortunately for Spence, Missourians overwhelmingly support the minimum wage.  In 2006, over 75% of Missouri voters agreed that we should raise the the state's minimum wage to the federal level and then tie it to the Consumer Price Index (CPI).  The problem with Spence's view in opposing the federal minimum wage, is that if the feds did away with the minimum wage, Missouri, in effect, would as well - and that would leave thousands of Missourians without any wage protection.


Spence also argues that the government shouldn't be interfering with his beloved free market, but that's just Spence being a hypocrite.  When Spence was on the board of Reliance Bancshares, the bank received $40 million in bailout funds that "saved [his bank's] bacon," and which they and Spence have yet to return to taxpayers, even after pouring $2,000,000 into his campaign for governor.


In short: government interference in ensuring that workers receive a minimum wage? BAD.  Government interference in bailing his bank out to the tune of tens of millions of dollars? GOOD. I wonder what the voters think of that?  Hopefully we'll be able to find out in November when there will likely be a proposal on the ballot that, if approved, will raise Missouri's minimum wage to $8.50 an hour.


The full exchange is transcribed below:


Man: As you know, Missourians voted that proposal a couple of years ago to automatically increase the minimum wage to keep up with inflation. Fortunately, we had very little inflation. But if inflation takes hold again, that has the potential to just drive up employer costs tremendously. As an industrialist, what’s your attitude on that?


Spence: Well I think that is a slippery slope for government to get involved in what the free market should decide. You know if somebody is sitting at homeunemployed I just don’t think that the government should get involved unless somebody is willing to (...) and I think the free market will determine if labor shortage- if labor is short, it’s going to go up, if labor- I mean you know if labors tight, it’s going to go up naturally. If it’s loose like it is right now, it’s probably not going to go up. So, try telling that to somebody who is unemployed, who's trying to feed their family. I just don’t think that’s fair. Courtesy of Fired Up Missouri.


Our addition:


Millionaire Home Economist Dave Spence is worth $265,000,000 but said in Sedalia , Missouri, he doesn't support the federal minimum wage of $7.25. Our fellow Missourians, this is the man who wants to be your next Governor! Home Economist Spence is from a different planet.

Millionaire Home Economist Dave Spence lives in this opulent palace worth
$8,000,000 but he doesn't support the federal minimum wage of $7.25. The man is heartless! It's an insult that he wants to be our next Governor. 


Millionaire Home Economist says Don't Worry Be Happy! I oppose the
federal minimum wage of $7.25 for Missourians but I am worth $265,000,000
and I live in a $8,000,000 place with a golf course. Isn't it an insult to our
intelligence that such a heartless man wants to be the next Governor of Missouri.


GOP gubernatorial candidate Dave Spence makes campaign stop in Sedalia (click the link for the original story).