Fake conservative Garland Tucker is lying – again.
Last week, Tucker appeared on local television news and was asked by anchor Tim Boyum about a recent story outlining Tucker’s work lobbying for the Obama stimulus and later profiting from its passage. Tucker dodged, saying it “really didn’t have anything to do with Obama’s stimulus money.” Watch here:
But Tucker is lying. In an SEC filing that Tucker himself signed under penalty of perjury, Triangle Capital credited the Obama stimulus for “increased leverage” available to the company.
Tucker’s company also sent multiple press releases crediting the Obama stimulus (also known as the American Recovery and Reinvestment Act) for increasing the company’s borrowing limit (Ex. 1, Ex. 2).
According to RealClearPolitics, Tucker’s business successfully lobbied to raise the caps on Small Business Investment Company funds from $137.5 to $225 million. By 2016, Tucker’s final year with Triangle Capital, the value of SBA loans on the company’s books had ballooned to $250 million. A separate story shows that Tucker’s pay increased dramatically – from $515,152 before the Obama stimulus passed to $2.9 million by 2016.
“Garland the Grifter made bank on Obama’s trillion-dollar stimulus and now he’s trying to lie his way out of it. The truth is that Tucker built his entire personal fortune on the backs of taxpayers who were forced to fund Obama’s stimulus and other government programs that Tucker milked for millions.” -SLF Communications Director Jack Pandol