Irregular Times Diaries: Unfit Discussion

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July 4, 2006

Tom Gallagher Must Have Owned St. Joe Stock for a Good Reason

by @ 6:32 pm. Filed under Republican Heroes

The Associated Press is reporting on Tom Gallagher, the Republican candidate for Florida Governor:

Republican gubernatorial candidate Tom Gallagher, the state’s chief financial officer, owned stock in a Jacksonville development company last year when he voted to make some of the company’s land holdings a priority for state acquisition.

Gallagher didn’t tell anyone he had 4,000 shares at stake in St. Joe Co. when the Cabinet voted on the land rankings Feb. 16, 2005, the St. Petersburg Times reported for Saturday’s editions.

Gallagher’s campaign manager, Brett Doster, disclosed the information to the newspaper after it had received a copy of Gallagher’s 2005 federal tax return, which lists the stocks.

St. Joe Co. is building an array of residential and commercial developments through North and Central Florida, including a 16,000-acre piece of land that the state purchased a portion of Thursday for $10.6 million.

Gallagher bought the stocks in Jan. 2005 and sold them about three months later, with a profit of $3,716. He could have made more money had he held the stock longer. His highest sale price was about $70.25 a share. Three months later the stocks traded at about $80 per share. The stock closed Friday at $46.54 a share.

Gallagher, who is trailing state Attorney General Charlie Crist for the GOP nomination in most polls, declined to answer questions posed by the St. Petersburg Times about the stock. Telephone messages left on Gallagher’s cell phone and on his spokeswoman’s cell phone by The Associated Press after hours were not immediately returned.

This is the liberal media at its worst. Why do they always have to report on the “bad” news? Why don’t they report on the good things in the Gallagher campaign? He is working very hard and seems like such a nice man. Why be so mean to him? I think it is just because they are liberals. That and they don’t like him investing in a company called “St. Joe” because it is a Christian company that honors one of the most important men in the whole history of the Bible, Joseph of Nazareth. Without Joseph, Mary would have had to go that whole way to Bethlehem walking instead of riding on a donkey, and Jesus wouldn’t have had a father figure. Well, except for Him, of course. But my point is that Tom Gallagher had enough good sense to honor Saint Joseph in his investments, which means that he probably has enough good sense to honor all the Saints in his conduct as Governor of the beautiful state of Florida!

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