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Officials silent about Georgia bank failures

Posted: November 30, 2011 - 1:05am

While we’re in a post-holiday lull, let’s look back on some of the news developments we’ve been tracking this year.

Back in May, we reported that 61 Georgia banks had collapsed in less than three years, a number higher than in any other state.

That shockingly high number of bank failures had failed to generate a single comment or call for action from any of the state’s top politicians.

The wave of failures has continued so that 74 banks have now been shut down by regulators. That’s nearly one out of every four banks that was in business back in August 2008, which was when the first of those 74 financial institutions went belly-up from the collapse of the real estate industry.

There still has not been a single word of concern about the bank closures uttered by Gov. Nathan Deal, Lt. Gov. Casey Cagle, House Speaker David Ralston, or Senate President Pro Tem Tommie Williams. I guess they figure if they don’t say anything about it, it never happened.

The issue that’s dominated political debate this year has been the need to create jobs to put a dent in the state’s 10 percent unemployment rate.

Deal has turned out to be quite an active job creator, finding employment for a growing number of people. They’re all government jobs, of course, and they tend to go to persons with connections, but they pay salaries of $130,000 or more.

Deal named state Rep. James Mills to the Board of Pardons and Paroles. He appointed state Sens. Jim Butterworth as adjutant general of the Georgia National Guard and Mitch Seabaugh as deputy state treasurer.

He appointed former House members Melvin Everson as director of the Georgia Commission on Equal Opportunity and Tim Bearden as director of the Public Safety Training Center. Former state Sen. Bill Stephens is now the director of the Stone Mountain Memorial Association.

The biggest plum was saved for Hank Huckaby, who was Deal’s floor leader in the Georgia House but left to accept an appointment as University System chancellor. Huckaby’s new job pays him $425,000 per year, with a housing allowance of $72,000.

You can’t say the governor hasn’t been successful in finding high-paying jobs for Georgians.

A couple of months ago, I wrote about the nuclear disaster that hit Fukushima, Japan, and noted that Georgia Power is building two nuclear reactors at Plant Vogtle. I wondered about earthquakes hitting Georgia and causing a Fukushima-like incident here.

One week after that column was published a minor earthquake was recorded in Williston, S.C., a few miles east of Waynesboro and Plant Vogtle. During the first week in November, three minor earthquakes were recorded in the northwest Georgia area.

Here’s hoping that if our state is prone to earthquakes, those disturbances will be minor.

We wrote earlier this year about former governor Zell Miller’s “tough on crime” policies that have given us a packed prison system that costs more than $1 billion per year.

Deal appointed a commission of judges, lawyers and legislators to review Georgia’s sentencing laws and see if there might be some alternatives to tossing every non-violent offender into prison.

That special commission finished its work recently and passed along recommendations to Deal that judges be allowed to impose lighter sentences for some non-violent crimes and move people charged with drug possession into drug courts and treatment programs.

Deal has the opportunity to make Georgia’s treatment of drug addicts a little more compassionate – and save the taxpayers some money. That’s a hopeful sign.

(Tom Crawford is editor of The Georgia Report, an Internet news service at gareport.com.)

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Comments (1)

Craig Spinks

Drug Courts

What safeguards allow drug courts to insure that those who claim to be drug addicts actually are addicts and not dealers/pushers eager to reduce their criminal liability?

The reason I raise this issue is because a family member convicted of meth-trafficking has "conned" officials into believing that the family member trafficked only in an effort to support a drug habit- a nonexistent drug habit unless one counts smoking dope. And who'd be so barbaric as to count that as criminal? And who'd be so stupid as to believe a drug trafficker could function under the influence of the massive amounts of dope that her sizeable illicit meth profits could have bought? I guess at least one local or state law enforcement official qualified as being stupid. A comforting realization, isn't it?

Dr. Craig Spinks/ Georgians for Educational Excellence

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