Dear Beverly

You deserve equal time. I'm sure you're a nice gal and all, but your Deputy Campaign Manager, David Kochman is making accusations against Richard Moore without offering any proof and it really needs to stop.

I know it must be hard when people make hay out of things you actually said and did when you haven't even declared you are running for Governor. The response from your campaign leaves a lot to be desired. It's one thing to straighten out misunderstandings or to clarify the meanings of things you actually did say and do, but to accuse Richard Moore of unethical behavior without offering any proof whatsoever goes beyond the pale.

I don't approve of Jay Reiff's response to David Kochman's false accusation, especially since the SBI investigations were probably standard procedure and you were completely cleared - from what I've read - of having done anything wrong. However, his comment was in response to the unfounded accusation by your employee and is a little more understandable.

I've heard hints that your camp is behind the prolonged look the media and others gave to Richard Moore's record and campaign contributions. I haven't made hay out of it, because I can't prove you were. If you were, though, thank you. Moore has now been so thoroughly investigated by the press and bloggers that he can enter the campaign without that particular baggage hounding him.

Thank you for your service to our state.



P.S. I support Richard Moore. I am far more impressed with Moore than I am with Beverly Perdue. I haven't made my decision based on what Jay Reiff and David Kochman have done or said. Personally, I think they both need to just quit their yammering.

I'm not naive. I don't expect a completely pristine, friendly campaign. Reiff needs to remember that Perdue is not little Ricky Santorum (the last candidate/campaign he went up against) and Kochman needs to remember that whole thing about lying being bad. This has gotten old fast, but anyone who thinks this is only coming from the Moore camp is dead wrong.


I really have been sitting on my hands here at Blue

I have pushed back a couple of times, but felt this deserved a bit more attention. I do plan to write about Moore, but it will only be "pro Moore" pieces with no negative references to least not at Blue. I hope that a Perdue supporter will write positive pieces about her. It will be easier if we just ignore the pissants they have working for them.

Robin Hayes lied. Nobody died, but thousands of folks lost their jobs.

Vote Democratic! The ass you save may be your own.

I'll be writing positive pieces about Perdue

and some negative ones too. As I've written on many occasions, there's a bunch of stuff she's done I don't much like for sure. That said, I don't think we can ignore the pissants. Because presumably, they're doing what their bosses want. And if they're NOT doing what their bosses want, then their bosses aren't very good bosses.

Don't sit on your hands, though. People say they like primaries because they're trials by fire. Fred Smith is going to come after Perdue hard in the general, so we might as well see what she's made of now.


"That said, I don't think we

"That said, I don't think we can ignore the pissants. Because presumably, they're doing what their bosses want. And if they're NOT doing what their bosses want, then their bosses aren't very good bosses."

This knda reminds me of the dustup between the Kissell staffers and Jerry Meek on BlueNC a while back. Does this mean that Kissell may have approved of the Meek mess?

Not at all

If any of those dust-up-ers were staffers, Larry should have (and probably did) read them the riot act. It's not about controlling everything all the time. It's about acting decisively to make sure there's accountability.

It would be interesting to

It would be interesting to know why the Kissel Campaign returned a contribution from Chairman Meek right after the "event" on BlueNC happened. Meek himself wrote that two of Kissel's staffers were involved. It looks that Kissel's folks want to have their cake and eat it too.

Why don't you ask him?

You seem to be awfully interested in the Kissell (two L's) campaign, though I'm having a hard time understanding what that has to do with what this thread.

Maybe you should just call Larry and find out what you want to know, if indeed you really want to know it. He's totally accessible and happy to talk to anyone. In the meantime, it seems as though you're beating around the bush instead of saying what's on your mind.

If you have an interest in the 8th district fight, let's hear it. On the other hand, if you're raising the issue as part of your crusade to clean up politics on the interTubes, there's more juicy stuff to worry about than the tempest in the NC-8 teapot.

And by the way, who are you?

I can tell you who he is

...and I know what he did last summer.

But, if the numbnuts (chairmanof the board) had ever stopped to think, he might realize that one possibility is that Jerry asked for the contribution back until after the primary. It was made prior to Autry officially entering the race and as chairman of the party Jerry shouldn't be seen as favoring one candidate over another. With the possibility of others lining up, it's better to take one back than have an endless array of candidates standing in line with their hands out. There are other possibilities, but not one of them indicates the Kissell campaign wanting to have their cake and eat it too.

Robin Hayes lied. Nobody died, but thousands of folks lost their jobs.

Vote Democratic! The ass you save may be your own.

You go, girl!!



Love...I miss you!

Robin Hayes lied. Nobody died, but thousands of folks lost their jobs.

Vote Democratic! The ass you save may be your own.

Facts is facts.

Mrs. Muse,
I've sat on my hands a long time, too, and chose not to post here until today. But to see where we're going, it's helpful to look at where we've come from. I've made my choice about the fork in the road ahead because I've taken a long, hard look at the road behind me.

Treasurer Moore succeeded Treasurer Boyles, and I remember when Mr. Moore told us all that he intended to follow in those mighty footsteps. As treasurer, he's had but one job -- only one -- and that was to manage the state's investments.

Now, if you're a state employee in North Carolina, you remember what those investments yielded under Treasurer Boyles. Even in the recession in the early 1990s, Boyles produced enough return on his investments to afford people in the state retirement system almost 8 percent increase.

But since 2001, when Treasurer Boyles' shoes were filled by our present treasurer, the return on state investments in his best year hasn't delivered to the retirement system even half of what it was given in the worst year of the 1990s. And what is the treasurer's answer? Have we all gone through tough economic times? Has there been instability in the market?

A great treasurer managed tough economic times and market forces in good times and bad, and he delivered more than he ever promised to state employees and retirees. And he didn't need a degree from the London School of Economics to do it -- his degree from UNC and only the ambition to be a great state treasurer for the people of North Carolina was good enough.

I'll repeat what I said wrote on the other letter: Whatever is said by the Moore campaign is being said by Mr. Moore himself. If the best he can do is to pick up trash that others have already thrown and throw it again, we see now what we could expect if he became governor.

As for the "prolonged look" the media has given to Mr. Moore's campaign finances, I don't think the media's attention has been "prolonged" enough at his performance as a state treasurer. If the media did all of its share, there wouldn't be any blogs or bloggers.



The average state pension fund had 81.8 percent of the assets needed for future payments in the fiscal year that ended June 30, 2005, down from 83.5 percent in fiscal 2004, according to the report by Standard & Poor's. North Carolina's pension fund had 106.5 percent funding, down from 108.1 percent a year earlier. Only Florida's was better.
The average state pension fund was overfunded in the late 1990s, but suffered in the first part of this decade when returns on stock investments slumped, S&P said.
For the year that ended Dec. 31, the North Carolina pension fund's investments posted a 11.42 percent return, higher than the state's relatively conservative investment goals but below the 13.21 percent median return of public pension funds nationwide, according to a recent analysis by The Charlotte Observer.

"Keep the Faith"

"Keep the Faith"

"Overfunded" depends on who's talking.

To state employees who were promised more investment in retirement and health care benefits rather than salary increases year after year after year over the course of a career, there is no such thing as an "overfunded" pension system. Tell men and women in their 80s and 90s who gave a full career to North Carolina and who retired thirty years ago or more that their benefits are what they are because the system was "overfunded" and see how many more groceries they'll be able to buy with that comment. Think it'll help them afford some more four-dollar prescriptions from Wal-Mart?

When I hear that our pension system is second best in the nation, it makes me long all the more for the skills of Treasurer Boyles. If he'd had another term or two in office, we'd likely be leading even Florida. And maybe we'd be doing at least as well as the "nationwide median return."

And thank you for noting that our pension fund investments earned 11.42 percent return. It makes me wonder why the employer contribution -- that's the part the state kicks in, out of those lucrative returns on our investments -- was only 2.98 percent this year. Wonder how that happened.

Im not really sure

why you are angry and combative, but its annoying.

I found an attack on Richard Moore from Dana Cope, head of SEANC, that the N and O published that seems to be from your perspective. Except from what I can tell his article is misleading. For instance, he says,

In fact, the system was 111 percent funded six years ago, and it has fallen to 106 percent today.

What he fails to mention is that in almost every state, the fun dropped 20 some percent, not 5. In a vacuum Moore did poorly. But Richard Moore controls our investments, he doesnt control the stock market, and he shouldnt be held responsible for the failures of the Bush Administration to bring about actual growth.

What is interesting is that from what I can find, and its hard finding too much data, it looks like even while NC has had below average return almost every year that Moore has been in office, we seem to be the only state that started in a great relative position and is ending in one. This makes me think that other states are seeing some horrific fluctuation with some good and some bad years, with most of the 2000s being bad. Moore's slow but steady growth seems to be working just fine.

Now, maybe im missing something, but I was under the impression, and a very quick google search seems to back me up, that cost of living increases (the main complaint of you and Dana Cope against Moore) is controlled by the General Assembly. I came to this conclusion from looking at a few bills, and a handout by the Retired Government Employees group here in NC. If that is the case, then how is Treasurer Moore at fault here? Bev Perdue presides over the Senate, and would be just as accountable in my book.

Do I have something wrong?

"Keep the Faith"

"Keep the Faith"

Yes, you do seem to have something wrong...

I read the article and fail to find the "attack" on Richard Moore. It is what it is....seems as though Dana Cope is making a valid case for having more oversight for investing state employees and retirees money. Hoorah for Treasurer Moore for keeping the system overfunded! That's a great horn to toot but it ain't a tuba! The employer contribution must increase and our returns on investments should be higher. Treasurer Moore likes to use the baseball metaphor when referring to the retirement system and I have to say that a few homeruns wouldn't be a bad thing in between all of those singles. Reforming the investment authority doesn't appear to have anything to do with the Treasurer's ability to keep the retirement system overfunded; it has everything to do with the fact that the legislature shouldn't have to appropriate funds to provide benefit enhancements. Investment returns should be plenty to provide for meaningful cost-of-living-adjustments and other benefit enhancements. The Treasurer is on his way out anyway, so changing the processes by which funds for the system are invested really shouldn't be a platform for him. Just take a look at other states (i.e. New York) and the nationwide concern regarding public retirement systems is blatantly clear. North Carolina has got to make some changes and the time is now!

Im missing something

I still dont see what this

North Carolina has got to make some changes and the time is now!

has to do with Moore.

You are probably right that the legislature shouldnt have to make cost of living changes. They should be tied to inflation. But I still dont see that as having anything to do with Moore.

"Keep the Faith"

"Keep the Faith"


North Carolina (lawmakers) embracing their ethics reform whole heartedly and addressing the investment authority issue within the Teacher's and State Employee's Retirement System, has nothing to do with Richard Moore. He is an outgoing treasurer and has turned this nationwide concern of sole fiduciary into a political platform for the governor's race. One would think that he would embrace such action. There is no "probably" about my being right that the legislature should not have to appropriate funds to provide for retiree benefits. The retirement system was created to produce enough gains to make enhancements; thats not happening.

so your problem

is that he is competent and is running on being competent?

This whole thing makes no sense with me

"Keep the Faith"

"Keep the Faith"

Simply an opinion...

not a problem with Moore. This investment authority issue is a problem. Sole fiduciary gives whoever the person is in the office of state treasurer the opportunity to mishandle funds for political and other gains. Treasurer Moore was one of the key backers of reform of governance procedures of Wall Street firms because of the potential power these corporations would have in the way they conduct business. Should he not support the same sort of governance in his own back yard? It just seems to me that a more credible platform would have been to embrace reform. Just my thoughts...

Mud just starting

If you are weak of heart this will not be a good year. The mud is flowing from both sides and will get worse. As of now Perdue looks good to me. Negative comments and ads are cursed by everyone but they win elections. It is easier to affect an opposing candidates negatives than to raise your positives.

I got my ten foot pole.


"They took all the trees and put them in a tree museum Then they charged the people a dollar 'n a half just to see 'em. Don't it always seem to go that you don't know what you've got till it's gone? They paved paradise and put up a parking lot."

A whole AP story on Moore & Perdue

And not a single mention of blogs. Guess Gary Robertson is whatcha call an old school journalist.

Worth the read . . . though it's clear Robertson needs to find better sources for his quotes than a no-name Republican consultant who's never worked on a gubernatorial campaign.