State Treasurer Bruce Poliquin’s political ambition has put him in quite a pickle.
It’s time for Poliquin to resign.
Poliquin has been on the hot seat for some time. Despite a constitutional prohibition against conducting outside business while serving as treasurer, Poliquin continued to run a business on the side. His activities have landed him in front of the Maine Supreme Judicial Court.
At the same time, he has also taken questionable advantage of the Tree Growth Tax Program, which has greatly reduced the amount of property taxes he owes on his waterfront estate. Since his actions have come under scrutiny, Poliquin has sought to take advantage of a different tax shelter.
But now, by running for the Republican nomination for the U.S. Senate seat vacated by retiring U.S. Sen. Olympia Snowe, Poliquin has left little doubt about several important questions.
First, he doesn’t really want to be treasurer. He was simply using the Legislature-appointed position as a political steppingstone, which explains why he has politicized a position that in the past has been more professional in nature.
Second, by launching his campaign, he is demonstrating his disdain for the Maine Constitution and its limitations on any treasurer.
The Maine Constitution is pretty clear: “The Treasurer shall not, during the treasurer’s continuance in office, engage in any business of trade or commerce, or as a broker, nor as an agent or factor for any merchant or trader.”
But in case there’s any doubt, there’s also a five-page opinion from current Maine Attorney General William Schneider — also a candidate for the U.S. Senate — which is pretty clear:
“The prohibition in Section 3 of the Constitution is general and without limitation. The history of Section 3 and its predecessor statute demonstrates the intent to require the Treasurer to make a full-time commitment, to give full fidelity to the job of Treasurer, and to preclude him from engaging in or carrying on a trade or business that would divert his attention from this commitment.”
On three points, Poliquin’s candidacy disqualifies him from serving as treasurer.
While most of us probably don’t think of it this way, a campaign for office is organized like a business and the candidate himself is responsible for its conduct and activities. Campaigns directly solicit contributions, hire and fire staff, buy services and goods and generally conduct commerce.
Candidate election committees usually register as a Maine nonprofit corporation and then file for IRS tax-exempt status under Section 527. Donations to a candidate’s committee are not tax-exempt like contributions to charities.
This seems to clearly contradict the language and intent of the language in the Maine Constitution.
Secondly, running for statewide office requires an enormous commitment of time and energy. It’s a testament to a candidate’s stamina and endurance. From the attorney general’s opinion, it is clear that the expectation for the treasurer is that he perform those duties on a full-time basis.
Interestingly enough, Poliquin has used the workload of his position as treasurer as part of his defense against allegations he has been running a business on the side. Now, that defense is coming back at him.
Third, with many political positions, there is an expectation that those elected can manage the duties and obligations of office while running for reelection. That’s certainly true for the governor, members of the Legislature and members of Congress. But the treasurer is not really an elected position. The office is appointed by the Legislature, not by direct election.
On one other point Poliquin faces trouble. While I have no doubt that he would never allow campaign contributions — or the promise of campaign contributions — to affect the way he carries out his duties as treasurer, the rhetoric and activities of his campaign could easily have unintended consequences on the state’s bond ratings, debt service and other activities regulated by the treasurer.
As the campaign gets heated, it’s easy to imagine a situation where Poliquin could make a misstep that haunts us all the next time bond rating agencies are asked to give their analysis of Maine.
Running a business isn’t compatible with being state treasurer. The Maine Constitution already makes that clear. And running for U.S. Senate isn’t compatible either for all the same reasons and a whole lot more.
David Farmer is a political and media consultant. He was formerly deputy chief of staff and communications director for Gov. John E. Baldacci and a longtime journalist. You can reach him at dfarmer14@hotmail.com. Follow him on Twitter @dfarmer14.



Thank you, David! Not only should he resign but he ought to face some kind of charge for violating the state constitution. Unfortunately, we can’t charge him for being a hypocrite.
He needs to go back to his Crooked Tree Farm!
And hang out with his friends!
http://25.media.tumblr.com/tumblr_llvrz2uYTw1qj8nkro1_400.jpg
There was a crooked man, and he walked a crooked mile.He found a crooked sixpence against a crooked stile.He bought a crooked cat, which caught a crooked mouse,And they all lived together in a little crooked house. (on the coast of Maine)
It is possible to be elected to the Senate in a State in which no one seems to like you?
Call me a fuddy-duddy, but it seems this new bunch are cheapening our public offices. Mr. Poliquin in several conflicts of interest as you describe, a speaker of the house who owes more than a million dollars in over charged medicaid funds but won’t repay even as he votes to cut welfare benefits, a governor who insults some of those who pay his salary (kiss my *ss NAACP), a secretary of state in charge of elections whose priority seems to be preventing qualified voters from voting.
Guess I’m just old fashion, but I yern for the days when our public officials didn’t spend so much time trying to work the angles.
Years ago they’d have been called ‘hucksters’, in for a quick profit.
One gets the impression that they may move along (or be moved along) to something else soon. Hope so.
You, sir, are a fuddy-duddy.
“First, he doesn’t really want to be treasurer. He was simply using the Legislature-appointed position as a political steppingstone” How was he able to see so far in the future to know that Snowe was not going to run again?
Don’t see the part in the article where that steppingstone was specific to the Senate.
First of all, Poliquin has not been found guilty of any charge. Second of all, of course he is not satisfied with being treasurer. He wanted to be Governor. But he lost, big-time. I can’t imagine what delusion has led him to believe that the very same electorate that did not vote for him in 2010 will suddenly vote for him in 2012.
Third of all, running a campaign for public office is just not running a business, so no matter how much the left and Mr. Farmer want to get back at Poliquin for his treatment of Dale McCormack, they will not be able to manufacture their own crimes.
Poliquin has been an effective treasurer who has communicated very well with the people of Maine. I hope he loses the primary and stays treasurer. We don’t need him in the US Senate.
Poliquin evidently can read rules and regulations well enough to know what he probably can get away with. And he can read them well enough to find out if there is a penalty attached. But avoiding illegal activity and behaving ethically are not the same thing. Poliquin may not violate the law, and I emphasize the may not, but he doesn’t seem to be particularly ethical.
Are you saying that being ‘effective’ is more important than complying with the state statues?
Where he has been found to possibly be in violation of state law, he has corrected the action. So he is being effective and complying with state statute, to the best of my knowledge.
@thegreatwandini Bruce didn’t claim his income from his business.Everyone knows you claim all income then do your deductions.Bruce didn’t claim his son’s income but wrote his tuition off. I’m sorry but if you or I did that we would be charged with tax fraud.He only corrected after being caught. So either he is incompetent or a crook that got caught.He should be removed from office!
This man, if he had been a democrat under the Baldacci administration, would be hearalded as an angel and the saviour of our state.
Give it a rest, Farmer.
We know where your skeletons are hidden.
Do you know who David Lemoine is? Does anyone?
No, and that’s because he was the last treasurer. He kept his head down and did his job like a good professional.
I only have your word that he did a good job. I have no clue what he did. But he didn’t try to fix the pension pickle, apparently. And he didn’t put any pressure on Maine Housing to actually provide decent, affordable, low-income housing. Perhaps he just collected his salary. I have no idea.
I like some of the perks that Poliquin is giving Maine. I like getting regular e-mails from his office letting people know what’s going on. He takes time to explain issues; he travels the state to speak to groups and answer questions. It’s not a bad thing to have our state leaders engage with the public at large.
Lemonie is a solid fellow and was a political appointee that had no financial experience (like his predecessor Dale McCormick). He made few misteps and held it down for the most part. Poliquin came in and stirred the pot, big time, but systematically went after the Bond selling issue and saved a pile of money. Why he chose to lead the charge against other issues – MTA, MSHA, is anyone’s guess. Why the MTA issue went so long unnoticed is a better question. Glad to see the ensuing changes at each department, long overdue. Poliquin is writing his own exit strategy, whenther he likes it or not.
Would a “good professional” lose $20,000,000 betting State money on junk bonds? How quickly we forget.
“State Treasurer David Lemoine said the department will no longer invest tax dollars into such risky ventures.”
– news story in which Lemoine explains how, in August 2007, his office invested $20 million in Mainsail II, an offshore fund backed by subprime mortgages, which failed 12 days later, a failure he did not disclose for over three months, Lewiston Sun Journal, Nov. 21, 2007″
Read all you need to know about Mr. Lamoine in Al Diamon’s column
http://www.dailybulldog.com/db/opinion/politics-and-other-mistakes-don%E2%80%99t-expect-too-much/
Do all your spent fuel rods entitle you to an lifetime supply of mendacious sizzle and pop?
Did you work at the Maine Yankee plant? Without protective gear?
He gets like that when the meds start to wear off !
His supporters and apologist puppets will turn into crickets soon……no one else to deflect his wrong doings on…..send him down the road, and make sure this unprincipled individual with questionable integrity does not get any seat representing Maine
Probably a pickle you would like to bite.
He looks as though he’s been weaned on a pickle.
Poliquin is a tax cheat plain and simple, and proud member of the good ol’ boys club. Yeah there are some that would vote for him, probably the same ones that voted for LePlague.
What was it PT Barnum said about there are suckers born……….. oh never mind.
I think it is a strong possibility that he took lessons from State Speaker, Representative and Senator John Martin about conflict of interest. How it is done and keeping a straight face etc.
He can’t resign, Paul told him he could do this!!! After all aren’t we now the Marden’s of the United States???
“long time journalist”? than what about a piece regarding Democrat/ independent Angus king Wind company taking $ 102,000,000 in Loan Guarantees backed by the taxpayers, now being investigated by the Congressional Oversight Committee, for overstatements, one day after king transfers his share of ownership into a Blind Trust? I am more interested in $102,000,000 possible rip-off by a democrat,than a ‘Tree Growth” property tax break by a Republican