There’s a good old-fashioned brou-ha-ha going on in the Democratic Governor’s primary.

Beverly Perdue says – in her latest TV ad – Richard Moore’s Wall Street’s boy. That as Treasurer, he increased fees to Wall Street Money managers 600% — and the Wall Street tycoons paid him back with $1.5 million in campaign donations.

Moore, of course, didn’t hold still for that. He says – in his TV ad – the newspapers have called Perdue’s ad is false. Then he adds that she’s the one who’s really the tool of Wall Street.

So did Perdue lie about Moore in her ad – and the newspapers nailed her?

Well, not exactly.

The newspapers did say Perdue’s ad was inaccurate – but because she misstated how much state pension fund money Moore has invested in high-risk hedge funds. Not because she said he’d raised $1.5 million from Wall Street.

And what about Perdue’s being the tool of Wall Street?

Well, sure enough, Perdue’s made one fundraising trip to New York. Which – Moore says – means she’s in Wall Street’s pockets.

So there you have it.

The newspapers say Perdue is wrong about one thing. Moore says they said she was wrong about another.

Moore rakes in $1.5 million from investment bankers – and says Perdue’s one trip to New York means she’s in Wall Street’s pocket.

It’s politics in a nutshell.

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