Just had an email from a friend with the rumor George Wallace, Jr. will be running for office again. It didn't specify which party or office, but I'd bet on GOP -- any of the second tier offices are possible, unless his two previous terms mean he can't serve again as State Treasurer. After Wallace became a Republican, he was elected to the PSC and ran unsuccessfully for the Lt. Gov. nomination in 2006.
I totally agree with my friend's assessment of Wallace, Jr. as a candidate:
With George, Jr. you get to use the ultimate Southern putdown: "He's not the man his daddy was."
It's a question floating around blogs, newspaper editorials and letters to the editor. Why did PACT parents and grandparents think their investment wouldn't lose money? Furthermore, the questions ask: "I've lost a lot in the market, so why should tax dollars prop up your dumb investment?"
...but if it was just some glorified mutual fund, aren't the people who invested in the program culpable also in this matter?
I mean there is something called "Buyer Beware"...that it is incumbent upon everyone that signs a contract to know what they're getting themselves into. Thats why you need to read any contract before signing it, or if you're unable to for whatever reason, to get a competent lawyer to do so for you. I think, after giving it some thought, I for one need to see the contract before rushing anymore into this blame game.
Below the fold, I'll try to answer some of the questions and criticisms I've seen in a FAQ format. One that I certainly hope is more illuminating than the one the PACT board put up.
Oh, there's also a short video of parents and grandparents at the Montgomery parent's meeting on March 12th. They tell their stories. One is a banker who describes how George Wallace Jr. (then state treasurer) solicited the Alabama banking community to sell the program to the public in the early 1990's. Other parents read from their contracts... words like "guarantee" and "assurance" are in each one. To my knowledge, the definitions of those words haven't changed in the last 20 years or so.
Healing must come, hope will be our lodestar, humility will reshape the American conscience, and honesty in both word and deed will refresh and invigorate America, and having Barack Obama to lead will give us back our power to heal."
It's a cheap political stand, and it provided King a chance to insult Owens, a Republican who joined other district attorneys in backing King's Democratic opponent in the 2006 election.
The state of Maryland is planning to release George Wallace's attempted assassin from prison within coming months. Arthur Bremer has served 35 years of a 53 year sentence and is being released early for good behavior. However, Alabama Attorney General Troy King is protesting the early release, producing this headline in the Washington Post:
Ala. Hopes to Keep Wallace Gunman Jailed
That's certainly the way to let the rest of nation know that we're over our racially divisive past. Thanks to King's actions, the Post's readers (including countless political and business leaders) now think that the state of Alabama is going to bat for a segregationist a full four decades after the struggles of the Civil Rights movement played out in the streets of our cities.
I understand that Troy King likes to pretend he's tough on crime, but this is simply political grandstanding because Alabama's Attorney General has absolutely no jurisdiction and very little influence within Maryland. All this maneuver does is reinforce a negative impression that most of the nation has about our state.
Just had an email from a friend with the rumor George Wallace, Jr. will be running for office again. It didn't specify which party or office, but I'd bet on GOP -- any of the second tier offices are possible, unless his 
Peggy Wallace Kennedy, daughter of former Alabama Governor George Wallace, will i
