It turns out that San Francisco's eco-conscious Mayor Gavin Newsom and his wife, Jennifer Siebel Newsom, own a piece of the deepwater rig at the center of the gulf oil disaster.
According to the mayor's most recently filed economic disclosure statement, last year the couple invested between $10,000 and $100,000 in Transocean Inc. - the company whose ruptured deepwater rig, which is leased to BP, is spewing millions of gallons of oil, endangering wildlife and beaches all along the Gulf Coast.
So what? I'm sure my mutual fund is invested in baby seal coats and Bible stores and whatever. I have no Earthly idea what I'm invested in. I highly doubt Gavin knew either. And if he knew, through some weird circumstance, that his wife was invested in Transocean, do you think he did some due diligence and found out that Transocean ran deepwater drilling rigs in the Gulf of Mexico? Please.
Yes, it would be best if we researched every company that our spouse's trust is invested in to make sure they're all in line with what we believe, but who really does that? Besides Ed Begley? I mean, the new chancellor of UCSF had a substantial investment in tobacco stock. Tobacco! And she's the chancellor of a medical school with a famous anti-smoking crusader on the faculty! She had that stock from August of last year until someone noticed last week. See my point?
Generic thinks this will cost him the race for Lieutenant Governor. I say it costs him, at the outside, a few hundred votes. The majority of Californians will never hear about this story. Gavin may lose for other reasons - namely, that there are a lot of Republicans in California - but this? Hardly.
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