Maybe they’ll call it ‘Discounted Dreams’

No doubt you’ve already seen or heard of this:

The man who bought property this week from Gov. Nathan Deal owns a chain of adult video and novelty stores in California but says he plans to open a pawnshop in Habersham County.

Nathan Deal helped his daughter and son-in-law obtain more than $2 million in loans for Wilder Outdoors, a sporting goods store in Baldwin, Ga. The business failed — and so did the bank that lent the money.

Steve A. Diamond of Santa Maria, Calif., is the owner of Diamond Video World, also known as Diamond Adult World, which has four locations selling sex toys, DVDs, lingerie, oils and lubricants, according to its website.

Diamond on Monday signed documents to purchase the property that formerly held a sporting goods store run by Deal’s daughter for $750,000. Deal is financing the transaction himself.

To the extent that there are repercussions to the sale, they are contained in the last sentence of the last paragraph of that report from my AJC colleague Aaron Gould Sheinin.

The failed store and the land it sits on isn’t a part of the Deal assets that have been placed in a blind trust. Even so, Jimmy Allen, the keeper of the governor’s finances, says Deal didn’t know the identity or occupation of the man who purchased the property. And there’s nothing that causes us to doubt that.

The mere fact that the fellow is the owner of a chain of sex shops may in fact be proof that Deal was sightless in this case.

But if the governor of Georgia is personally financing the 10-year transaction, then he is — in essence — the partner of a fellow that he won’t want to be seen with. Such transactions often fall through. Sometimes they end up in court. Deal – or his representative — would want to avoid a courtroom wrestling match, but might not be able to.

That’s the political danger for the governor.

More disturbing – “sad” may be a better word — is that a building once envisioned as a place for millionaire outdoorsmen to shop will become a pawn shop. A warehouse where locals can swap their own broken dreams for a pocketful of cash — the one kind of business certain to thrive in hard times.

- By Jim Galloway, Political Insider

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38 comments Add your comment

Disgusted Republican

August 5th, 2011
1:21 pm

Selling his property to an adult bookstore owner who peddles sex toys is right in line foe Governor Deal! After the way he stuck it to folks in his District as a Congressman and the way he is now sticking it to the folks of Georgia what else could we expect?

gerald foskey

August 5th, 2011
1:30 pm

I can see this situation being lampooned on the Jon Stewart Show, Jay Leno and David Letterman, etc. Makes me proud to be from Alabama.

maintenance man

August 5th, 2011
1:48 pm

this kind of ‘leadership’ is why this nation is going to hell in a handbasket. no care or concern for anything but it’s own personal gain. nevertheless, accountablity will be demanded by God in the day of judgement. leadership in our homes, churches, government, schools, businesses will compromise at a very nominal price, the damage paid its moral returns cannot be counted. we are all created with a conscious that can discern right vs wrong but God will allow anyone to sell it for a self assesed dirt cheap price. they have no idea how it affects the whole. how many sadly believe they can create security for themselves by obtaining an abundance of filthy lucre. nothing wrong with having abundance but very few can manage it and themselves in a manner pleasing to God.

catlady

August 5th, 2011
1:50 pm

Did Mr. Deal pay off the loans he cosigned from the bank(s)? If so I guess he could sell the property. However, if he still owes the money, how can he finance it himself for 10 years? What is the appraisal of the property? What is owed to the banks ({now to the taxpayers who took over the bank when it failed?) Why is Mr. Deal self-financing it? Can’t the guy get a loan?

Just what Habersham needs is another pawn shop.

And, like you say, should the governor be in business (even in absentia) with a porn shop owner?

Perhaps he will create some new position as an overseer for this kind of special business “Buy here and get a DVD player installed in the car with a cool selection of DVDs!”, and make one of his family members in charge. Many of them, and his friends, have suddenly qualified for well-paid public jobs since his election.

xdog

August 5th, 2011
2:01 pm

Why doesn’t some enterprising journalist ask Mr. Diamond how an enterprising SoCal businessman like himself heard about property in Braselton.

Tom

August 5th, 2011
2:09 pm

I only we knew any, xdog! ;-)

And can we keep mythology out of it, please?

yellowdog

August 5th, 2011
2:17 pm

i am more incensed about HB 87 than i am about the governor not knowing about the adult film owner. i guess its “pick your fights” all over again. have a great day!

TIM

August 5th, 2011
3:45 pm

I heard that the governor gets a free yearly blow up doll for financing the sale.

Ramblin Wreck

August 5th, 2011
3:56 pm

Good grief, people! Give the guy a break:

-How can he finance it himself if he still has outstanding debts? If the bank signs off on it!
-The guy isn’t opening an adult shop – it’s a pawn shop for his kids (granted, the history of that location for business run by children but financed by parents should scare the new owner, but anyway…)

Come on, it’s a business transaction! I’m glad the guy was able to offload it. Sounds to me like he’s done an astounding job paying back massive amounts of money in a short period of time. And he’s made sacrifices to do it (hello, cashing out your 401(k)!). Please try to be mature and rational – separate his politics from his personal life.

Hall County Mafia

August 5th, 2011
4:03 pm

So this California ‘businessman’ just bought himself the Governor of Georgia.

Sweet!

No more deals

August 5th, 2011
4:09 pm

There are already enough pawnshops along 985/369/441. We don’t need nor do we want another. Thanks for nothing Deal… just goes to show you don’t give a flip about the people in this area… just making a quick buck.

td

August 5th, 2011
4:35 pm

You libs seem to forget that this transaction was done out of his blind trust and Deal had no part in the sale or who it was sold too. You libs raised h3ll because Sonny controlled his own finances and now you raise h3ll because Deal does not. You can not have it both ways so please make up your mind.

Last Fart Stinking

August 5th, 2011
4:41 pm

td, Did you vote for this financial disaster called Deal?

DTguy

August 5th, 2011
4:44 pm

Hey td… If Deal has other people managing his money, he needs to fire them.

No more deals

August 5th, 2011
4:47 pm

The point is, this man could not handle his own finances and made stupid mistakes. Personally, I want someone a bit more responsible in their personal finances so that they are not beholden to their creditors and know how to handle a budget the size of Georgia’s. This man should have never run for this office with the financial baggage he hauls around. Now the good people of Habersham have one more pawnshop on the highway. Keep Georgia Beautiful!

td

August 5th, 2011
4:51 pm

Last Fart Stinking

August 5th, 2011
4:41 pm
td, Did you vote for this financial disaster called Deal?

Not in the primary but I surely did in the general election along with 60% of the rest of this state. Anyone but Barnes.

td

August 5th, 2011
4:58 pm

“But if the governor of Georgia is personally financing the 10-year transaction, then he is — in essence — the partner of a fellow that he won’t want to be seen with”

So this would mean a bank is- in essence- a business partner with everyone they loan money too. A business partner means that the person has some type of control over the business. This is truly taking liberties with journalistic integrity.

DannyX

August 5th, 2011
5:06 pm

“Anyone but Barnes.”

That’s funny. It was Barnes that said we would remain the laughingstock of the country if Deal was elected Governor. Boy was he right. Its been a 3 ring circus.

See you all at the new Georgia Pornatorium!

Tracy Williams

August 5th, 2011
5:14 pm

This “Deal” doesn’t pass the smell test.It has an odor to it.

td

August 5th, 2011
5:19 pm

DannyX

August 5th, 2011
5:06 pm

It is funny that I have read a great deal of Democrats on this blog that have said they have thought Deal has done a good job during his first year in office. I guess you will never admit it when a Republican does something right?

LaTasheanne

August 5th, 2011
5:21 pm

“…selling sex toys, DVDs, lingerie, oils and lubricants, according to its website.”

Oils and lubricants, there ya GO! Just name the place Jiffy Lube and everyone’ll be happy.

yuzeyurbrane

August 5th, 2011
5:23 pm

td, your sense of moral choices amazes me again; I guess we now clearly know where you stand.

GaBlue

August 5th, 2011
5:26 pm

No more deals @ 4:47,

Don’t worry, my friend! Governor Deal’s personal financial savvy is already on it’s way up. Watch how fast he’ll acquire the skills to turn that $4mil/deficit into a healthy surplus on $135/year salary (plus perks!) in just ONE term! Why, he’ll probably never make a “bad” personal financial decision again. Becoming Gov. of Georgia is the best thing that could have happened… to HIM.

* Too Big to Fail *

August 5th, 2011
5:49 pm

The Governor brought new business to Georgia in a rather sloppy manner.

td

August 5th, 2011
5:56 pm

yuzeyurbrane

August 5th, 2011
5:23 pm
td, your sense of moral choices amazes me again; I guess we now clearly know where you stand.

What are you talking about? Please explain.

DannyX

August 5th, 2011
6:13 pm

“a great deal of Democrats”

td, when did I ever say I was a Democrat? I could never belong to a political party.

I just find Deal to be a total contradiction of the views of the people that put him in power, Tea Party Republicans. I see how weak the Tea Party really is. Deal has acted more like a Democrat, and the Tea Party usually hates that! Not here. The Deals trips to Washington begging for federal pork should have been an impeachable offense! Deal wants deficit ballooning federal dollars for strings attached big government education programs??? Where is the Tea Party protests?

A big spending career politician, ex-Democrat, personally bankrupt, friends and family loving, about to receive a $52,000 a year federal pension, on top of his no-bid government contract goodies and current salary Governor . Hardly screams reform.

If Democrats love Deal the Tea Party must hate him. Which is it?

td

August 5th, 2011
6:15 pm

Why has Jim not run a blog talking about this Newt statement? Because it is fact and makes Obama look bad.

“You don’t get out of 9.2% unemployment, you don’t get out of — today it was announced [that] the largest number of Americans [are] on food stamps in history. I’ve said now for six months, this is the most effective food stamp President in history. That sounds like it is an attack, it’s just a statement of fact. It’s just that his administration kills jobs. They are driving Americans onto food stamps. Most Americans would rather have a paycheck,” Gingrich

DannyX

August 5th, 2011
6:33 pm

“It’s just that his administration kills jobs.”

What exactly does that mean? The economy has added jobs during Obama’s time in office. The jobs killing administration title goes to George W Bush. You want jobs killer? George W Bush. Stop trying to change history.

In fact private sector jobs are up and government jobs are down since Obama took office. Do you mean “Government jobs killer?” I thought that’s what you Tea Party people want?

George W Bush was the jobs killing president. George W.

W=JobKilla

deegee

August 5th, 2011
7:30 pm

What’s even sadder is that it’s going to be a pawn shop for boats. Go Fish yourself.

Hall Native

August 5th, 2011
8:06 pm

I am so embarrassed.

Ga Values

August 6th, 2011
7:08 am

We elected a crook, what do you expect?

Lynn43

August 6th, 2011
8:32 am

A pawn shop????? Suuuuuuuuure.

South Georgia retiree

August 6th, 2011
12:23 pm

From south to north Georgia, all citizens should be horrified that the squeaky clean Governor has sold out to a dealer of adult porn. Regardless of what he says, Deal was aware of this before the sale, and he approved it. I guess this is part of the Republican brand these days.

Rabbit

August 7th, 2011
7:13 am

The story is a nice diversion. The bigger story today is that almost a third of Georgia’s budget comes from the Feds and Feds are trying to close shop.

Jaine

August 7th, 2011
9:34 am

First of all, the property in question is not in Braselton, GA – it is in Baldwin, Habersham County, GA. Get your facts straight if you are going to bash the man. Sedond, all the criticism for helping his daughter and getting himself in tremendous debt; he finally is able to get out from under a great portion of it but it’s still not enough. I guarantee any of you who have something negative to say about this would do nothing different – you find a buyer in this economy and you take it! He is doing what he promised and is taking responsibility for what he owes. I do not want to see a porn peddling store in Habersham either and I don’t believe it will happen. You can bet I’ll be in the mob of protestors should he try to hoodoo us and try to open anything but a Pawn business. It would seem the buyer is a very successful business man – how much complaining will there be when he brings a few jobs and a lot of revenue into the coffers of Habersham County? Let it be, for heavens sake.

deegee

August 7th, 2011
10:33 am

“It would seem the buyer is a very successful business man.” Sex sells, get used to it.

Ghost Rider

August 7th, 2011
12:29 pm

“Sex sells, get used to it.”

Always has and always will . . .

Jaine

August 8th, 2011
6:58 am

I am not supporting how the man became successful and I would not support him bringing his video porn operation to Habersham County. He says he is not – time will tell if he has lied about that. Sex will NOT sell in Habersham County – He will fail if he tries to open anything but what he says he has planned – a pawn business. The citizens of Habersham County will see to that. Meanwhile, Mr. Deal has done what he promised – taken responsibilty for the debt and is taking steps to erase it. Again, I doubt anyone who is bashing him about this would turn down the opportunity to sell the property – in this economy, you have no choice.