Thursday, October 23, 2008

Pure Public Choice

From the IndyStar:
The state Democratic Party is accusing Republican U.S. Rep. Mark Souder of inappropriately seeking a $1 million federal grant for a project involving a company in which he owned stock, a charge the congressman denies.

Indiana Democratic Party spokeswoman Lauren Smith pointed out that Souder, who bought stock in Warsaw-based medical device maker Biomet in 2003, announced that he had secured the grant that Biomet and two other orthopedic companies would share with three Indiana universities and then sold the stock last year.
Sarcasm On: I'm sure all of this is the function of the political party, not the incentives facing the individual.

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