Lots of fact checking is already posted on line following the first of three debates between Dick DeVos and Michigan Governor Jennifer Granholm. Granholm’s campaign fact checking here. I would like to “fact check” or otherwise analyze the economic plans of Dick DeVos but there’s a problem in doing so. Once again DeVoss failed to provide any specifics. This includes a failure to comment on how he would replace the single business tax. He did admit he would only replace half the lost revenue, while failing to explain how he would cut costs to make up for the remainder of the lost revenue. Meanwhile Granholm scored big by pointing out how many years the single business tax existed under Republicans, raising questions as to whether this tax can really be seen as the cause of Michigan’s problems.
Another debate highlight was when Granholm accused DeVos of not disclosing publicly that he had invested $170 million in Alterrra, an assisted care company that was accused of allowing abuse of some of its patients. “This was an investment that was not disclosed like other interests,” Granholm said. “Perhaps because you didn’t want people to know about sexual and physical abuse of seniors.”
De Voss played down his investment in Alterra, stating his “Holdings were less than 1% of the company.” Michigan Liberal links to an article in the Milwaukee Journal Sentinel which refers to “the investment vehicle of the DeVos Family, which owns 20% of Alterra.” Today’s math lesson: twenty percent is not the same as one percent.
DeVos continued to play this down. “It was a tragic situation,” he said. “It turned out to be a bad investment.” Michigan Liberal also includes this information on Alterra:
Alterra recently went through bankruptcy, so I guess it wasn’t a very good investment, but it’s a BAD investment for some pretty horrifying reasons. Alterra is in the nursing home business, and that business has been skirting federal laws and cutting corners for years. According to the SEC, DeVos has $173 million invested in this company.
DeVos tried to hide his opposition to stem cell research by claiming support for stem cell research to distract from the fact that he opposes embryonic stem cell research, which shows the greatest potential for developing cures to multiple diseases. At least he was more honest in stating his extremist views on abortion. He would not even make an exception in his opposition to abortion rights for either rape or incest.