U.S. Reading Program Benefits Bush Friend
May 15, 2007 2:29 PM
Joseph Rhee and Dana Hughes Report:
A Texas businessman listed as a major fundraiser for President George Bush has made millions of dollars in profits from a federal reading program that critics say favored administration cronies at the expense of schoolchildren.
A company founded and owned by Randy Best, who is listed by the nonprofit group Public Citizen as a Bush "Pioneer" during the 2000 presidential campaign, received the lucrative contracts under a Bush administration initiative called Reading First.
Only those who pledged to raise $100,000 or more are considered "Pioneers" by the Bush campaign. Best told the Blotter on ABCNews.com that he did not raise $100,000 and personally gave only the legal limit of $4,000.
After receiving the Reading First contracts, Best was able to sell his company, Voyager Expanded Learning, for $360 million. According to his critics, the company was valued at only $5 million a few years earlier, a figure Best disputes.>>>cont
LinkHere
Joseph Rhee and Dana Hughes Report:
A Texas businessman listed as a major fundraiser for President George Bush has made millions of dollars in profits from a federal reading program that critics say favored administration cronies at the expense of schoolchildren.
A company founded and owned by Randy Best, who is listed by the nonprofit group Public Citizen as a Bush "Pioneer" during the 2000 presidential campaign, received the lucrative contracts under a Bush administration initiative called Reading First.
Only those who pledged to raise $100,000 or more are considered "Pioneers" by the Bush campaign. Best told the Blotter on ABCNews.com that he did not raise $100,000 and personally gave only the legal limit of $4,000.
After receiving the Reading First contracts, Best was able to sell his company, Voyager Expanded Learning, for $360 million. According to his critics, the company was valued at only $5 million a few years earlier, a figure Best disputes.>>>cont
LinkHere
posted by Kangaroo Brisbane Australia at 6:11 PM
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