Thursday, August 19, 2010

Transparency

Many politicians like to talk about transparency but really never understand or define it in a meaningful way to you.  I’m going to change that.  It’s simple.  Transparency means that you, the person paying the bills, know what you are getting for your money.  As an example, take the Financial Resource Mortgage Ponzi scheme.  Friends of mine called all the agencies responsible for overseeing companies like FRM before they invested.  The response from these supposed "watch dogs" of the health of companies like FRM: Don’t worry, we have no issues with FRM ... this, despite the fact that there were nearly ten years of reports about the vermin.  Based on this "clean" report of FRM’s health, my friends proceeded to invest and lose several hundred thousand dollars!  I just looked online at the Manchester Health Department’s inspection record of eating establishments and found that on March 11th, one restaurant had “...openings [that] have not been tightly sealed to prevent the entry of vermin.”  Why couldn’t all the financial regulatory and oversight agencies of FRM put what we now know was years of similar findings about “...the entry of vermin” into FRM?  At a bare minimum, we should know that there are "pending investigations" on these institutions.

As your governor, this practice will change.  We will post all findings from agencies, regardless whether they are inspecting restaurants or financial institutions online immediately so you, the person paying the bills, know what you are getting for your money.  This is true transparency.
While we are on the subject of transparency, let’s talk about checkbooks (or more likely today, credit card statements).  Most of you can go online right now and find all your charges or checks for any given period-of-time, in most cases up to yesterday, if not sooner.  Why can’t you do this for all the expenditures by all the departments in the State?  Sure we can find a copy of the budget on line, but that is just how those in Concord plan to spend of our money.  What you really want to know is who receives that money, why and when.  And, I want you to know this because you are the best auditors we have.  That’s how vigilant Windsor citizens found discrepancies in the town’s property tax system.  As your Governor I will put our state’s checkbook online.  Well run companies know this level of detail, and so will you.  Join me in bringing real transparency to New Hampshire.  
See you at the polls on September 14th!

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