More scandal for George Allen

The problems just keep piling up for Mr. Macaca. He uses racist epithets, he's a Jew, he shoves severed deer heads in black people's mailboxes...and he's a big stinking liar.

When news of undisclosed stock options broke yesterday, Sen. George Allen (R-VA) told the AP, "I got paid in stock options which were worthless."
However, according to SEC documents reviewed by Bloomberg, the stock options Allen "described as worthless were worth as much as $1.1 million at one point."
Oops. What else could go wrong for the long-suffering Virginian?!
Meanwhile, the Richmond Times-Dispatch reports the national Democratic party is placing nearly $1 million in television advertising for challenger Jim Webb (D), opening with a commercial spotlighting Allen's "macaca moment."

(Political Wire)

Enjoy this piece?

… then let us make a small request. AlterNet’s journalists work tirelessly to counter the traditional corporate media narrative. We’re here seven days a week, 365 days a year. And we’re proud to say that we’ve been bringing you the real, unfiltered news for 20 years—longer than any other progressive news site on the Internet.

It’s through the generosity of our supporters that we’re able to share with you all the underreported news you need to know. Independent journalism is increasingly imperiled; ads alone can’t pay our bills. AlterNet counts on readers like you to support our coverage. Did you enjoy content from David Cay Johnston, Common Dreams, Raw Story and Robert Reich? Opinion from Salon and Jim Hightower? Analysis by The Conversation? Then join the hundreds of readers who have supported AlterNet this year.

Every reader contribution, whatever the amount, makes a tremendous difference. Help ensure AlterNet remains independent long into the future. Support progressive journalism with a one-time contribution to AlterNet, or click here to become a subscriber. Thank you. Click here to donate by check.

alternet logo

Tough Times

Demand honest news. Help support AlterNet and our mission to keep you informed during this crisis.