Rick Perry's $487 Million Corporate Slush Fund Doesn't Need Your Stinkin' Audit

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The Texas governor doesn't agree that his corporate-handout fund needs an audit—because he and two other GOP pols already monitor it.

"The administration has lowered standards in the past so that companies could create fewer jobs than they had promised, and it has canceled contracts after criticism over companies such as Bank of America's Countrywide, which continued to be an Enterprise grantee as it collapsed and laid off thousands of workers nationwide...

"Perry's office is basically accommodating a process by which taxpayer money is transferred to corporations, not invested in state infrastructure," says Matt Angle, the director of the Lone Star Project, a political action committee devoted to strategic communications and research for Democrats....