This cartoon summarizes Jeb Bush’s education record. He is best known for championing high-stakes testing, A-F school grades, supporting Common Core, charters, vouchers, third-grade retention, and anything that. Strips away job protections from teachers. He boasts of the “Florida miracle,” but it refers mostly to 4th grade NAEP scores, which are likely boosted by third-grade retention and by the state’s class-size reduction policy, adopted by popular referendum but opposed by Bush. The miracle disappears by high school, as Florida’s high school graduation rate is below that of Alabama, which had no miracle.
David Sirota reported in International Business Times that Jeb Bush steered Florida’s pension funds toward campaign contributors. He also pressed for legislation to shield these contributions from public view.
Jeb Bush received the request from one of his campaign contributors, a man who made his living managing money: Could the then-governor of Florida make an introduction to state pension overseers? The donor was angling to gain some of the state’s investment for his private fund.
It was 2003, still a few years before regulators would begin prosecuting public officials for directing pension investment deals to political allies. Bush obliged, putting the donor, Jon Kislak, in touch with the Florida pension agency’s executive director. Then he followed up personally, according to emails reviewed by the International Business Times, ensuring that Kislak’s proposal was considered by state decision makers.
Here was a moment that at once underscored Jeb Bush’s personal attention to political allies and his embrace of the financial industry, which has delivered large donations to his campaigns. Email records show it was one of a series of such conversations Bush facilitated between pension staff and private companies at a time when his administration was shifting billions of dollars of state pension money — the retirement savings for teachers, firefighters and cops — into the control of financial firms.
Florida officials say Kislak’s firm was not among the beneficiaries of that shift. But verifying that assertion is virtually impossible for an ordinary citizen by dint of another hallmark of Bush’s governorship: At the same time that he entrusted Wall Street with Florida retirement money, he also championed legislation that placed the state’s pension portfolio behind a wall of secrecy.
The anti-privatization organization “In the Public Interest” filed a public records request and obtained emails between Bush’s Foundation for Educational Excellence and public officials. Read them here.