1. Tennessee Misuses Tobacco Settlement Funds
Posted by Ken Marrero
05/05/2008 8:49 AM
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In 1998, the several states which comprise our grand experiment in representative democracy found themselves on the receiving end of a windfall!! After years of abuse and under threat of continued litigation financed from the state's deep pockets, the tobacco industry made peace with its enemies.
It was an easy choice considering the alternative was to be destroyed by government. Consider that in 1964 Big Tobacco was required by government to put warning labels on its product telling people cigarettes would be bad for them if they chose to smoke. Next, it was forbidden by government from advertising its legal product on TV. The last TV ad for cigarettes appeared on The Tonight Show on 1/1/71 Later still, it was forbidden to even market tobacco in and to certain segments of the population. Joe Camel and Winston's 31 year history with NASCAR both withered and died. Government is still gunning for the tobacco Industry. Just in the last year, government has outlawed smoking in public places such as restaurants and stores here in Tennessee and elsewhere.
However, the unquestionable high point of government's offensive against Big Tobacco arrived November 23, 1998. The end results of Big Tobacco's...




