Dubya’s Comin’ To Denver!

The Martin Museum Residence at the DAM.

The Martin Museum Residence at the DAM.

FRIDAY UPDATE: The Denver Post’s Joey Bunch:

Republican presidential candidate Jeb Bush will get some brotherly help and collect some Colorado cash when former President George W. Bush comes to Denver on Oct. 18.

Since February the former president has been scheduled as the keynote speaker for the Association for Financial Professionals annual conference at the Colorado Convention Center in Denver.

The location of the fundraiser isn’t being publicized but will be disclosed to invited guests as they RSVP…

We’re not sure what all the attempted secrecy is about with the location of this fundraiser…oh, who are we kidding, we know exactly why they’re not being up front with the location of the Martin Museum Residence for a fundraiser starring George W. Bush. Former President Bush is far and away the most protested American chief executive in a generation, with far bigger demonstrations against his policies–and in more places around the world–than anything the “Tea Party” was ever able to throw at Barack Obama.

So we hope we’re not causing any, you know, problems for this event by disclosing to our readers that J. Landis Martin’s Museum Residence is located…wait for it…at the Denver Art Museum! Which has many convenient nearby protest locations.

Original post follows…


What’s Next for George Brauchler?

Arapahoe County DA George Brauchler.

Arapahoe County DA George Brauchler.

The Aurora Theater Shooting trial finally came to a close on Wednesday when Judge Carlos Samour Jr. sentenced convicted killer James Holmes to 12 consecutive life sentences, and another 3,318 years in prison for good measure. Following the sentencing, Samour put an exclamation point on the trial when he said, “Get the defendant out of my courtroom, please.”

Privately, at least, life should essentially return to normal for Judge Samour and the countless others who have invested much of the last few years on this case. But for Arapahoe County District Attorney George Brauchler, who is being courted by Republicans to run for U.S. Senate in 2016, he may just be exchanging one spotlight for another.

In an interview with the Colorado Independent, Brauchler acknowledged that he feels the pressure to make a decision on his political future by Labor Day – less than two weeks away. Now that the sentencing is complete, it’s a good time to look at the political ramifications of the Aurora Theater Shooting Trial for Brauchler — and by extension, Colorado Republicans in general.

We decided to do this Rickey Henderson-style by having a Q&A conversation with ourselves, so let’s get to it after the jump… (more…)

Reporters should expect to have to dog Walker Stapleton for answers

(Promoted by Colorado Pols)

Treasurer Walker Stapleton.

Treasurer Walker Stapleton.

Update: Colorado Independent reporter Nat Stein’s answer to my question of whether Stapleton’s office gave her a reason for declining comment: “His comms guy pretty much hung up on me, and three emails went unanswered,” tweeted Stein. “I just wanna talk!!”


When a public official starts to develop a reputation for stonewalling the media, the trend should be highlighted, especially now that fewer reporters are out there to ask public officials anything at all. Every reasonable question should be cherished. And every denial called out.

No long ago, State Treasurer Walker Stapleton declined to take questions from the evil Denver Post about why he withdrew his support from a bill aimed at making money for PERA, the state’s public retirement program. Then Stapleton shamelessly called the resulting article “completely misleading,” even though he’d refused to talk to the reporter about it.

Now Stapleton declined to comment on a softball request by the Colorado Independent’s Nat Stein about a #BlackLivesMatter campaign to change the name of the Stapleton neighborhood, because former Denver mayor Benjamin Stapleton was a member of the KKK.

Stein reports:

The Stapleton legacy — or its name, at least — still lives on in state government. Republican Walker Stapleton is currently serving his second term as state treasurer. His press office declined to comment on this article.

And as for the obvious question — well, what should Stapleton be named instead? — Pullen said Black Lives Matter 5280 hopes Stapleton could be renamed after a woman of color who made significant, historical contributions to Denver.

Nat Stein did not respond immediately to a request via Twitter to explain why Stapleton’s office refused to address questions about his family’s KKK history. My suggestion is to push harder for an answer.

Sorry, Walker Stapleton: Price of Gold Plunges

ChartBuilderIn 2010, as the nation was in the grip of a major economic downturn, right-wing candidates capitalized on uncertainty about the economy by seeking to outdo each other with frightening predictions about the future–and what they would do to save us. In the case of then-candidate for Colorado Treasurer Walker Stapleton, he responded to a question in a primary debate about the economy by suggesting the state invest in gold to hedge against what he foresaw as a “hyperinflationary environment.”

STAPLETON: The Treasury’s portfolio has not changed markedly in the last eight or ten years under Treasurer Mike Coffman, under Treasurer Mark Hillman and now under Treasurer Cary Kennedy. And that’s been okay, it’s weathered the storm fairly well. The problem is that we, I believe we are entering a hyper-inflationary environment. We’re going to need to shorten the duration of a lot of the state’s investments, the duration of the portfolio to adjust to a hyper-inflationary environment…

And I think hedging, using using gold to hedge against inflation or another precious metal is something the state needs to investigate. It’s something we haven’t done in the past, and it could be an effective method of dealing with a hyper-inflationary environment.

Fast-forward to today’s news:

“We see further downward pressure on gold prices, possibly stabilising at an eventual rate of US$1,000 a troy ounce,” said Mr Howie Lee, a Phillip Futures investment analyst. “It seems to be an end of an era for the precious metal. Even in a crisis, it has not picked up much appeal.”

Amid the recent turmoil in Chinese markets that spread to bourses across the globe, gold prices have remained weak. According to a Bloomberg survey on Jul 29, traders expect gold prices will drop to US$984 an ounce before January next year. That would be the lowest since 2009.

One factor weighing on the outlook for the yellow metal is a US Federal Reserve rate hike expected later this year that will push the greenback even higher and raise the opportunity cost of holding gold, which carries zero interest.

The traditional sales tactic for gold and other precious metals involves spreading fear about the economy to motivate investors to “hedge” their investments against uncertainty. Since Barack Obama became President in 2009 in the midst of a recession he did not create, a natural alliance has formed between Obama’s political enemies and gold trading companies. Republicans set themselves up for victory in 2010 by making voters believe that the world was about to end, which boosted gold trading companies as rattled Americans bought up gold to survive the coming Obamanation.

But between Stapleton’s dire predictions of “hyperinflation” and today, something else happened: the American economy didn’t collapse after all. In 2010, the U.S. economy was already emerging from the depths of recession, a process that has continued to this day. The economic fears that prevailed in 2010 have slowly dissipated, and as a result the price of gold has plunged by hundreds of dollars in the last few years (see chart above right). There are predictions now that the price of gold could fall even more, below $1,000 per ounce and perhaps much farther.

Safe to say, thank goodness Colorado didn’t fill the state treasury with gold!

Now that the price of gold is dropping like a rock, we’d say the question of what Walker Stapleton was thinking in 2010 is even more relevant. Why did this supposed financial expert make such wildly inaccurate predictions about the economy, and then propose a remedy that now appears absolutely foolhardy? We know there are plenty of theories–we want to hear it from Stapleton personally.

Because as much as everyone rushes to excuse yesterday’s “Tea Party” nuttiness, it happened. He said it.

Throwback Thursday: Walker Stapleton Says “Buy Gold!”

Five years ago, now-Treasurer Walker Stapleton was locked in a tense primary battle against J.J. Ament, son of longtime Colorado political fixture Don Ament. In 2010, more or less all Republican candidates for office were working hard to prove their “Tea Party” mettle, which in practice meant the enthusiastic embrace of a smorgasbord of really extreme ideas–things that would sound just plain nutty in, say, 2015.

As you can see in the clip above, Walker Stapleton was no exception:

STAPLETON: The Treasury’s portfolio has not changed markedly in the last eight or ten years under Treasurer Mike Coffman, under Treasurer Mark Hillman and now under Treasurer Cary Kennedy. And that’s been okay, it’s weathered the storm fairly well. The problem is that we, I believe we are entering a hyper-inflationary environment. We’re going to need to shorten the duration of a lot of the state’s investments, the duration of the portfolio to adjust to a hyper-inflationary environment…

And I think hedging, using using gold to hedge against inflation or another precious metal is something the state needs to investigate. It’s something we haven’t done in the past, and it could be an effective method of dealing with a hyper-inflationary environment.

It’s important to remember the political climate on the right during the summer of 2010. The recent passage of the Affordable Care Act had been spun into a B-movie nightmare in which your grandmother and Sarah Palin’s disabled son were about to be put to death. The recent recession, which resulted from problems that began long before Barack Obama became President, was viewed as a precursor to a “socialist takeover” of the economy. Glenn Beck, then at the peak of his influence, warned right-leaning Americans of all these things and more–and urged them to buy gold to protect their wealth from destruction at the hands of the liberals subverting America.

And it all sounds…well, incredibly stupid now doesn’t it? Contrary to Stapleton’s dire predictions on the primary campaign trail, a “hyper-inflationary environment” never materialized. In fact, the overall economy has recovered strongly from the Great Recession. And it’s a good thing Stapleton never kept his pledge to buy gold with the state’s money, since gold has lost over a third of its value since its peak in 2011.

In all the years since, Stapleton has never been asked to explain these nutty remarks, but incidents like this help explain his amateurish flopping like a fish over a bill to shore up the state’s public employees retirement system–a bill he supported before the right wing made it known that he shouldn’t have.

There’s a good chance that Walker Stapleton simply doesn’t know what he’s talking about, and substitutes whatever he hears on talk radio for financial expertise.

At someday, that may well catch up with him.

Stapleton Kicks Off Taxpayer-Funded “Statewide Tour”

Treasurer Walker Stapleton.

Treasurer Walker Stapleton.

Fresh off an avalanche of bad press for absurdly denying having backed legislation to shore up the state’s public employee retirement system when questioned about it on right-wing talk radio, Colorado Treasurer Walker “Bush” Stapleton is heading out on a “listening tour” of all 64 counties in Colorado–including the counties with basically no people in them. From Stapleton’s press release:

Today, Colorado Treasurer Walker Stapleton announced the kick off of a 64-county tour across Colorado. The goal of this summer-long road trip is to update civic and community leaders on what is happening at the State Capitol, and to hold meetings with county elected officials to get a better understanding of the issues impacting local communities…

“As I begin my second term, it is important to step out of the office, hit the road and continue to listen to the needs of people across our state,” said Treasurer Stapleton. “When I was in the private sector, I found it immensely useful to go out and talk to customers and co-workers. That’s where the good ideas come from, the people, not the boardroom. But you have to be willing to put in the legwork.”

The Denver Post’s Lynn Bartels reports that Stapleton claims the trip has been “in the works” since March–apparently he’s more willing to talk to Bartels about this trip than her colleague John Frank about the recent controversy over the Public Employees Retirement Association bill. We don’t doubt that Stapleton was planning this tour for longer than he has been in hot water over his backpedaled support for legislation to reduce the unfunded liability owed by PERA, but we can’t see how this helps him either.

Setting aside the PERA gaffe, Stapleton’s aspirations for higher office are very well known, and this “fact-finding tour” to every county in the state can easily be portrayed as an improper campaign (or at least pre-campaign) activity paid for with taxpayer dollars. It’s one thing when the Governor tours the state for “fact-finding”…but the Treasurer? Coming from a politician everybody knows is angling for a run for higher office in three years, this kind of self-serving junket is just too easy to criticize.

Enough that it’s likely to cost Stapleton–politically, since you’re the one paying–more than it was worth.

Irony Watch: Stapleton Trashes Denver Post Article After Declining Interview

(Nobody shoots their own foot quite like Walker Stapleton — promoted by Colorado Pols)

If you’re a journalist, this is the kind of  irony that makes you want to jump into the raging Platte River: State Treasurer Walker Stapleton is trashing a Denver Post article as “completely misleading” even though Stapleton refused an interview request from the reporter who wrote the article that Stapleton is so upset about.

Over the weekend, The Denver Post’s John Frank reported that Stapleton caved to pressure from conservatives and withdrew his support from legislation aimed at making money for PERA, the state’s public pension system.

Frank sought Stapleton’s comments for his article, but alas, as Frank reported:

John Frank: “Michael Fortney, a spokesman for Stapleton, declined to make him available for an interview and blamed the media for spreading falsehoods about the legislation.”

So John Frank dutifully did the best he could anyway to piece together Stapleton’s best response to the substantive issues at play. But this wasn’t good enough for Stapleton, who trashed Frank’s reporting on KLZ 560-AM’s nooner show yesterday:

 Stapleton (@5:40 below): “John Frank’s reporting, which was lacking to be diplomatic, was completely misleading, never once illuminated my track record of suing the pension system, lowering the [assumed] rate of return, leading the defeat of Amendment 66, the largest tax increase in Colorado history, because the money was going to back fill obligations in the pension system. I mean, the notion that somehow I’ve become sideways, because I’m in league with the pension system–the facts don’t quite bear that out.”

That’s not what the article said at all, but Stapleton went further, telling KLZ host Ken Clark that he thinks The Post has a bias against “statewide elected Republicans,” and so he’s “really isn’t surprised” that The Post’s coverage “has been not accurate.”

Stapleton (@1:30 below): “The Denver Post, their coverage of this, has been not accurate and misrepresentative of my position from the beginning, which really isn’t surprising as a statewide elected Republican.”

You can add another layer of irony to this accusation, because one of the state’s most conservative/libertarian journalists, Vincent Carroll, wrote that Stapleton “migrated into incoherence” when Stapleton previously attacked The Post’s coverage of the PERA legislation…