Bill Frist PAC loses half a million

I encourage my readers to read NBC's First Read. It contains some interesting news daily.

Today's First Read talks about the next few elections. However, there were some interesting things to note.

In 2005, there is the New Jersey elections. I will gladly support Sen. Corzine.

First, we had Delay in Texas, now Arnold wants his turn.

Now the Los Angeles Times reports that in California, "Gov. Arnold Schwarzenegger and his top advisors... may call a special election that could upend the state's political order, redrawing legislative and congressional district boundaries, curbing spending and revamping the bureaucracy."

For some 2006 news, there is an article about the next governor of New York, Eliot Spitzer. He should get elected since Sen. Chuck Schumer has decided to stay in the Senate after his landslide win.

USA Today runs a huge (huge!) profile of expected New York gubernatorial contender Eliot Spitzer (D) and notes, "How far Spitzer, a Democrat, goes in politics depends not only on intangible factors, such as whether voters will cotton to his prosecutorial personality, but on an issue of fundamental importance to the future of the Democratic Party: How adversarial should the government be toward big business?"

This is the big news right here. I think this is a real thing of interest. Bill Frist's PAC has lost almost half a million in the stock market since 2000. And the GOP believes privitization of Social Security is a good thing?

The Washington Post follows up on earlier AP and local Tennessee reports that a PAC "controlled by Senate Majority Leader Bill Frist (R-Tenn.) has lost almost $460,000 in stock market investments since 2000 and now does not have enough to cover a sizable bank loan, according to federal election records and the manager of the Frist account."

Which may prompt some to wonder, as outgoing Minority Leader Daschle just pointed out, whether Frist is at all concerned that average Americans might face similar problems if they invest their Social Security money in the stock market?

Time will only tell what the next few years bring.