Rep. Calvert's (R) Land of Plenty (earmarks double his personal profit)

[Rose Siding]

WASHINGTON — Rep. Ken Calvert (R-Corona) is an experienced investor in Riverside County's booming real estate market, so he's used to seeing prices change quickly. Last year, he and a partner paid $550,000 for a dusty four-acre parcel just south of March Air Reserve Base. Less than a year later, without even cutting the weeds or carting off old septic tank parts that littered the ground, they sold the land for almost $1 million.

Even for a speculator like Calvert, it was an unusually good deal.

During the time he owned the land, Calvert used the legislative process known as earmarking to secure $8 million for a planned freeway interchange 16 miles from the property, and an additional $1.5 million to support commercial development of the area around the airfield.

A map of Calvert's recent real estate holdings and those of his partner shows many of them near the transportation projects he has supported with federal appropriations. And improvements to the transportation infrastructure have contributed to the area's explosive growth, according to development experts.

http://www.latimes.com/news/politics/la-na-calvert15may15,0,2969958.story?coll=la-home-headlines

[EmperorHasNoClothes]

1. My god, he has absolutely no shame.

like so many republicans

[Mithras61]

2. Not that it makes any difference, but...

doesn't this violate even the weak ethics rules in the Rupuke-controlled Congress? I thought all of their holdings & investments were supposed to be controlled by blind trusts.

[KingFlorez]

3. Well, this is that guy who literally got caught with his pants down

And then tried to flee the police when they saw him with the prostitute. That is all I'll say.