Deal. Real. Need to reveal.

This was a bad week for Nathan Deal. On that, I think we can all agree.

It was a bad week personally; no one wants to have their personal financial troubles aired publicly — although that kind of thing happens when you run for an office like governor.

It was also a bad week politically; having your personal financial troubles aired publicly can’t help — no matter how you try to spin it as a chance to relate to other Georgians who have fallen on hard times.

A week that began with a suspect Survey USA opinion poll showing the Republican candidate holding an 11-point advantage over Democrat Roy Barnes ended with a pair of polls showing something different entirely: Either a true dead heat, according to this Insider Advantage poll for Channel 2 Action News, or a statistical tie, according to a poll released this morning by the AJC and other Georgia newspapers.

The conventional wisdom in this race has been that it is Deal’s to lose, that he’d be hard-pressed not to win amid the Republican surge coming in November courtesy of the tea party.

This week, I think, that belief went out the window.

I still think Deal is the betting man’s choice. But he has to make sure that the stories of his personal debts and failure to disclose business loans are the final installments in a series that began with his questionable interventions to maintain a state program that benefited his own company.

Deal has an explanation, of varying degrees of satisfaction, for each of these stories:

  1. The bankruptcy of his daughter and son-in-law and their business, in which Deal and his wife had invested $2 million and co-signed on another $2.3 million in loans, is sad. But businesses fail; that’s capitalism. It’s very easy to point to an already-failed company and say that its failure should have been foreseen, but I doubt many of these armchair investors have seen an analysis for that market circa 2005. The loans were disclosed. There’s a lesson here about going essentially all-in on any business venture, but especially one involving family. But then again, the Deals are hardly the first examples of that lesson.
  2. The business loans themselves don’t appear to be problematic. If his campaign is telling the truth about the company’s performance and continuing ability to make the loan payments, this is a non-story … except for the failure to disclose them on his electoral filings with the state. Deal has called this an “oversight,” but that is harder for voters to swallow in light of Nos. 1 and 3.
  3. Speaking of No. 3, this is the oldest story in the series: Deal’s objection to a state move to open up to more competition a service for which his company previously was the sole provider in northeast Georgia. Deal’s actions led to a congressional ethics investigation that did not speak well of him. As to why a fiscal conservative like himself would object to increasing competition in a market, Deal has said he was concerned that the state was watering down a safety component of the service. Even so, one also has to wonder why the market, in which the vast majority of auto buyers participate without state guarantees about the safety of the vehicles they purchase, couldn’t also work in this case.

Yet, it is the accumulation of these stories that stands to hurt Deal’s electoral chances. Voters who might not have been put off by any one of them may well be dismayed by the sum of them.

With that in mind, Deal would be wise to come forward with anything else that’s lurking. If he says this is it, and nothing more comes out, it will for voters to decide for themselves whether they believe him.

If he says this is it, and more does come out, this thing could really start to snowball. And then it will be even harder for him to change the election conversation to one that suits him better.

94 comments Add your comment

Charles

September 18th, 2010
7:21 am

And number 4. : son n law fails to disclose prior bankruptcy Another oversight I guess. Yes this happens in other families But they’re not running the state!

shel

September 18th, 2010
7:24 am

The other shoe has dropped; false bankruptcy filings.
Can’t deal with Deal. Time for the Dem to win.

Charles

September 18th, 2010
7:33 am

This happens in other families : really? Multi million dollar loan defaults really? Wow . I’ve been running with the wrong crowd.

Aquagirl

September 18th, 2010
7:53 am

Yet, we still don’t see Deal’s tax returns. He offers no explanation of how one “oversights” a $ 2.8 million loan. And then there’s this little gem on whether he knew about his son-in-law’s bankruptcy: “Members of Nathan’s family are not running for public office,” [Deal spokesman] Robinson said.”The important thing for voters to know is that Nathan will meet the obligations that are his.”

BTW Kyle, was this the embargoed information you mentioned yesterday? Or is there still more sludge running down the Deal pike?

Eric

September 18th, 2010
8:04 am

I don’t think Deal should give up here. I like to believe we still live in a society that is forgiving, rather than punitive (doesn’t seem like it most of time). Bad press is soon forgotten, especially when people vote with their pocket book. You’re right Kyle, if there’s no more negativity, then he should be all right.

Aquagirl

September 18th, 2010
8:19 am

I wonder if this picture from the Deal website is the business vunderkind that married into Deal’s family? ‘Ol Nathan looks like he might bite this dude’s head off, if not blocked by his daughter(?), handily using the grandbaby(?) as a shield.

http://www.nathandeal.org/v-family.php

DP

September 18th, 2010
8:38 am

Your list of Deal scandals doesn’t include one that is right under your nose. An AJC story on Deal’s problems last week said in 2003 he purchased a Gainesville property with 5 acres, a pool, a 4000 square foot main house and a 1900 square foot guest house for $430,000. 6 years later, after the real estate crash, the property is appraised at $985,000.

Is Deal some kind of genius real estate investor, or did somebody sell him the Gainesville property at a price substantially below market value in 2003? If it is the latter, did he report the gift in his financial disclosure forms and on his income tax return? Will the AJC follow up on who sold the property to Deal and whether there are any other connections between them?

Peter

September 18th, 2010
8:38 am

Eric…the guy forgot to tell the state about 2.8 million in loans…….. Is he senile ?

Was that ethical ? Did he really forget ?

Kyle I was wondering what you were going to say…….But you never mention Ethics once in your piece……I wonder why ?

DP

September 18th, 2010
8:44 am

Also to the AJC, please ask Deal how the now bankrupt business of his daughter and son in law burned through so much money so quickly. After 7 months of operations they had to increase their outstanding bank loan by $252,000, which suggests a cash burn of about $35,000 per month for a one store retail operation. And not long after that, Deal or his daughter and son in law somehow managed to convince another bank (subsequently shut down by the FDIC and criticized for its lending practices) to loan $2.4 million to an obviously failing business in a faltering economy, $1.8 million of which was going to pay off another bank. Did Deal use his influence to secure that loan? And where did all the money go?

Karl Marx

September 18th, 2010
8:49 am

Deal or no Deal. NO DEAL Kyle. The Bankers (republicans) offer was WAY TO LOW! After Barnes wins in November you think the Republicans will get a clue…..Naw…..

Tommy Maddox

September 18th, 2010
8:55 am

Deal was dumb for doing the same thing most parents do. I can’t fault him for that.

retired early

September 18th, 2010
9:00 am

If your referenced polls are accurate, that means the Gop voters have NO INTEGRITY. How in the hell can they justify putting this serial liar in charge of our state.

Peter

September 18th, 2010
9:11 am

Two things happened here Kyle…..One he co-signed a loan to his daughter and son in law after his son in law already had declared bankruptcy……. Was that a wise decision ?

Did he not see the writing on the wall ?

So was that an emotional decision ? What type of emotional decisions would he make as the Governor ?

Secondly as the more profound……. He somehow forgot to notify the state, he has other loans he is backing to the tune of 2.8 million as an “Over sight” ?

So what else is he not disclosing ? Has his Tax returns come public ? Where can I find that info ?

What will he do as a governor…….would he forget to mention a secret under the table deal he gets while governor ?

Will he continue in the ways of Sonny who is not disclosing his loans ?

Why would a Republican with concerns for Ethics vote for Deal ?

Are Ethics a concern for the Republican Voters in the State of Georgia ?

Has his failing to disclose the new info, been a way for him to win a primary ?

Aquagirl

September 18th, 2010
9:20 am

Peter, don’t get so uppity—the Deal campaign will decide for you what information is important. Us little people shouldn’t worry.

J.B. STONER

September 18th, 2010
9:22 am

We will vote every Demo out VERY soon.The ‘Black House’ will be exterminated to remove the stench that has formed in the last year and a half. The cost will be passed on to american taxpayers , like everything else this marxist,socialist, communist and anti-christian fool has done.

GOOD BICYCLE !!!

Peter

September 18th, 2010
9:32 am

Hey J.B. STONER……. the “Black House ” ?

Hey good old boy…..are you the demographic that Kyle wrote about a couple of pieces ago ?

jconservative

September 18th, 2010
9:52 am

Nice column Kyle. But you backed off didn’t you?

There is a bottom line here.

The bottom line is this; would any of you hire Nathan Dean to manage your retirement nest egg?

The answer, of course, is that NONE of you would do so.

Yet millions of you are prepared to let him manage the finances of the State of Georgia.

There comes a time for one to lay aside party labels. This is such a time. Deal has proven that he is a financial incompetent. There simply cannot be any other explanation of the events now coming to light. Without any other person saying a single word, Deal has proved he has zero financial ability.

Look I retired in 2008. My wife retired in 1971. We raised a family on one income. Yet we own two houses, live very comfortably, have no debt, inherited nothing and assisted both a daughter & a son out of a financial crunch. The difference from Deal is just basic financial competence. I am not a genius, as you frequent readers will heartily testify. But I can do arithmetic.

The vote on Deal must be NO.

arnold

September 18th, 2010
9:53 am

Deal is either a crook or incompetent. Either disqualifies him as Governor. I do believe the Democrats will be able to insure his history stays exposed in the media. It then will be decided as to how incompetent or non caring the Republicans will be in casting their votes.

Jack

September 18th, 2010
9:58 am

Deal should step aside, if he can, and let Handel take over the campaign. It’s gonna be really hard for me to vote for him.

arnold

September 18th, 2010
10:00 am

Jack…If it’s hard to vote for someone. Don’t. If it’s hard to vote for an incompetent, and you do, what does that say about you?

J.B. STONER

September 18th, 2010
10:02 am

Hey Peter( or is it Dick)

Don’t know which story you are reffering to……….

DP

September 18th, 2010
10:11 am

arnold, it appears to me that Deal is a crook AND an incompetent. He gets sweetheart deals from the state for his company, buys real estate at below market prices and somehow secures loans that aren’t available to people without the right connections, yet despite all of that he appears to be headed for a bankruptcy filing. Unless his creditors accept less than full payment of his debts given that he might be the next governor. You wouldn’t want to have a governor mad at you, would you?

arnold

September 18th, 2010
10:14 am

DP…Yes, I would consider it an honor not to be associated with him in any way, shape or form.

Ayn Rant

September 18th, 2010
10:18 am

Why should we give a rat’s butt about Deal’s personal and financial problems? Why shouldn’t we be more concerned about his ability to serve as a fair and constructive governor of the state?

Deal has served in the US Congress many years, faithfully following the Republican Party line (tax cuts for the rich, big federal deficits, 2 useless wars, and an economic blowout). He has accomplished nothing of note or worth. He is the paragon of a self-serving, double-dealing career politician. He says what you want to hear, and does whatever is in his own interests. His public service record is dishonorable.

Barnes served as state governor for 4 years. Just compare the prosperity of Georgia during Barnes term with the disasters of the Sonny Perdue administration. Barnes looks good, and he’s not an embarrassment to the state.

So, do we go with the proven former governor or the political party hack? I choose the former over the latter.

arnold

September 18th, 2010
10:22 am

I’m a native Floridian. However, I lived in Atlanta from 1968-1973. I remember Lester Maddox as Governor. I could not believe the majority of voters could elect Ax Handle Maddox. That was an embarrassment.

BTW, I am retired and now live in North Georgia. It’s very beautiful here in the mountains.

J.B. STONER

September 18th, 2010
10:43 am

Lester sold many ax handles as a matter of fact.
He had a good idea there.
They were mass produced, crime was way down in Atlanta .

Bring back the ax handle campaign.

Hillbilly Deluxe

September 18th, 2010
11:08 am

Lester Maddox never gave out any ax handles; they were pick handles. And he was the only Governor, in my lifetime, who left office with a lower net worth than he went in with. Carl Sanders, George Busbee and a couple of others, feathered their nests quite nicely.

The truly bad thing about Deal, is that the alternative is Roy Barnes. Roy’s Northern Arc was a development highway (his buddies had the land where most of the major interchanges were going to be). And he gave money from the 400 toll to the Beltway Project. I had enough of Roy the first time he was in the Mansion.

I can’t vote for Deal and I can’t vote for Barnes. I’ll either voter for Monds or sit this one out. I haven’t decided yet.

J.B. STONER

September 18th, 2010
11:18 am

Yeah, Hillbilly Deluxe, sit it out.

People like you that sit it out put us where we are today, with a black house and a country circling the drain.
Sit back, eat your Whopper and jr. fries and watch Oprah. Good job, real good.

barking frog

September 18th, 2010
11:26 am

Bottom of the Deck Deal and Retread Roy should
be ‘neck and neck’ as they are opposite sides of
the same coin. If Deal can sell the ‘I did it for my
grandchildren’ line and wave the baby enough, He
might pull it off. Barnes definitely cannot wave the flag.

Hillbilly Deluxe

September 18th, 2010
11:27 am

J B

I was probably voting when you were still peeing in your diaper.

Aquagirl

September 18th, 2010
11:28 am

Why not vote for Monds? Sends a great message. Neither of the two major parties should be as comfortable as they are now.

uno

September 18th, 2010
11:28 am

The larger narrative is that another three GA banks failed yesterday, costing the responsible taxpayers millions more (a million here, a million there, pretty soon you’re talking real money). Is it coincidental that one of the banks was founded by State rep Phil Gingrey R-Marietta? It’s getting harrder to afford these fiscal conservatives that say one thing to get elected and do exactly the opposite. When will the majority/any of partisan Republicans start connecting the dots? http://www.ajc.com/business/trio-of-georgia-banks-616022.html

Aquagirl

September 18th, 2010
11:29 am

And that doesn’t say much Hillbilly, the last time J.B. peed in his diaper was 15 minutes ago.

barking frog

September 18th, 2010
11:35 am

Aquagirl 11:28 Good point. Monds is a good choice. We do
tend to think only in terms of 2 party elections, but reality
almost forces this. If that’s going to change it has to start
sometime and I couldn’t think of a better opportunity.

barking frog

September 18th, 2010
11:46 am

uno 11:28 The drastic number of small bank closings
smell of something more than economics. Why is
Suntrust bailed out when it was as bad off as the
small banks and the little guys get balled into a
recently created bundle.

J.B. STONER

September 18th, 2010
11:55 am

Aquagut, laying in that bed , covers pulled over her head saying ”Is he gone yet”…

No , I’m still around, always will be…..

Not So Casual Observer

September 18th, 2010
12:31 pm

Peter,

Back at the blog are you?

Where were you when B. Clinton and B. Obama refused to release their medical records as every other Presidential candidate in recent memory?

Where were you when Obama refused to release his birth certificate, his school records and his travel history?

Oh yes, Clinton and Obama are Left Loons, just like Peter!

Not So Casual Observer

September 18th, 2010
12:33 pm

Monds should be elected when the qualifications of Deal and Barnes are considered.

ITP

September 18th, 2010
12:36 pm

J B

Learn the difference between lay and lie. You also might want to research when to use their, there and they’re. Get an education and maybe someone will listen to you.

AmVet

September 18th, 2010
12:54 pm

I was probably voting when you were still peeing in your diaper.

Nice burn, Hillbilly. But with a moniker like his that honors an infamous bigot, who would expect anything but enraged and clueless insults?

Deal, without a doubt, deserves his ranking as one of the 15 most corrupt members of Congress.

Which practically ensures his election here…

professional skeptic

September 18th, 2010
2:13 pm

Which practically ensures his election here…

AmVet, I hope you’re wrong this time. For the sake of us all.

professional skeptic

September 18th, 2010
2:15 pm

Kyle, we’re intrigued… what was the embargoed information?

Karl Marx

September 18th, 2010
2:16 pm

Hillbilly quotes

“Lester Maddox never gave out any ax handles; they were pick handles.”

Wrong. It was an axe handle. Tom Murphy sent Lester a plucked rubber chicken and said that was the budget and ask what did Lester wanted the legislature to do with it. Lester send Murphy an axe handle and told him to see if he could trim a little more off it. Classic Maddox….

“Roy’s Northern Arc was a development highway.”

Yep and now we have a new parking lot called highway 20 from Cartersville to Lawrenceville. It is one of the most dangerous roads in the state and many people have lost their lives. If we would have had the northern arc those people might still be alive and an ambulance might be able to get to a hospital in under an hour. Thanks a pant load.

“I’ll either voter for Monds or sit this one out. I haven’t decided yet.”

Fine, either one is a vote for Barnes anyway you look at it.

professional skeptic

September 18th, 2010
2:36 pm

And now, similar subject, different politician:

Did Jill Chambers, House District 81, really send out a mailer to her constituents saying that her own personal finances are in shambles? The woman, who, as MARTOC chair, is charged with the responsibility of oversight of MARTA’s finances?

I’m referring to a recent post at Peach Pundit:

http://www.peachpundit.com/2010/09/12/interesting-strategy/

In accordance with disclosure laws, voters have a right to know about the financial dealings of anyone in a key position of financial oversight.

CAIR Bears

September 18th, 2010
2:41 pm

“Nice burn, Hillbilly. But with a moniker like his that honors an infamous bigot, who would expect anything but enraged and clueless insults?’

You of all people should know, BedWet. You throw out insults on Bookman’s blog on an hourly basis.

CAIR Bears

September 18th, 2010
2:42 pm

Maybe Deal will be forced to bow out and Karen Handel can take his place. Man oh man would the left wingers scream and howl. Well, what little there are in the state of GA.

Jonathan

September 18th, 2010
2:43 pm

How can a liar, cheat and all around crook who even defrauded his GOP voters in the run offs be a better choice for GA? Give the people of GA some credit we know a crook when we see one and Deal is as crooked as they come.

Deal will destroy our states finances just like he has his own personal finances.

Deal couldn’t pass a background check to work as a bank teller yet you think he can run our states budget in the billions?

Janice

September 18th, 2010
2:49 pm

There is a ton more to come with Deals crookedness, the AJ needs to dig deeper as there is no way a guy on his income could have had some many underperforming assetts unless it is deliberate and he is getting cash on the side and using business loss as a write of.

No question also that he used his postion in the senate to benefit himself personally.

Where are his full tax returns? If he won’t show them he has something to hide.

professional skeptic

September 18th, 2010
3:35 pm

Same subject, different GA politician (and last time I’ll mention this, promise):

Did Jill Chambers, House District 81, really send out a mailer to her constituents saying that her own personal finances are in shambles? The same woman, who, as MARTOC chair, is charged with the responsibility of oversight of MARTA’s finances??

I’m referring to a recent post at Peach Pundit:

http://www.peachpundit.com/2010/09/12/interesting-strategy/

In accordance with disclosure laws, voters have a right to know about the relevant financial dealings of anyone in a key position of financial oversight.

professional skeptic

September 18th, 2010
3:37 pm

sorry for double post… wrong blog.