Local Politics

Moore: 'It's been a good ride'

Posted December 17, 2008

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— Even as the national and state economies struggle, State Treasurer Richard Moore said he will leave office next month on a high note.

"I'm very proud of what we've done," Moore said Wednesday, noting he has modernized the office, maintained the state's AAA credit rating and kept the state pension fund solid in good times and bad.

"It's been a good ride," he said of his eight years as treasurer.

The ride for one of the state's top Democrats wouldn't have been complete without politics.

Moore ran a slugfest of a primary campaign for governor against Lt. Gov. Beverly Perdue. Perdue eventually won the nomination and went on to win the general election in November.

"Was it bruising to me and my family? Yes. Was it bruising, I'm sure, to the governor-elect and her family? Yeah. But isn't that the way the system is designed?" he said.

Moore was soundly criticized for linking Perdue to the Ku Klux Klan and Confederate hats in her husband's convenience stores, but he dismissed the race-baiting charges leveled against him.

"It was factually based. I don't regret anything we did," he said.

Although Moore issued a statement asking for his supporters to back Perdue, some people questioned why he never campaigned for her in the general election.

"I did what they asked me to do," he said.

Outside of the campaign, Moore said he underestimated criticism from state employees and others after he raised hundreds of thousands of dollars from investment fund managers who have contracts with his office to help oversee the state pension fund.

"I know I did my very best to do the right thing every day," he said. "Maybe I didn't worry about it enough how it would look to others."

When Janet Cowell takes over as state treasurer in January, Moore said that he might work in the money management business himself. He didn't rule out returning to politics in the future but said he had no definite plans to seek office again.

Still, he said he isn't worried about his legacy.

"I felt like I've done the type of service and work that voters and taxpayers expected of me," he said.


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  • gabby1 Dec 18, 2008

    He did a good job while in office. He was the ONLY democrat I voted for! Best of luck to you in whatever you choose to do!

  • TechRescue Dec 18, 2008

    Isn't it sad that when you do your job right, nobody notices? He would have made a much better Governor than the Marc Basnight clone y'all voted for.

  • HadEnough Dec 18, 2008

    Something that has gotten no press/attention at all is the fact that he is moving state employees retirement funds as well as the state employees deferred comp accounts to Prudential. The timing is highly suspicious to me. This means that everything for retirement of state employees is in the hands of Prudential. We'll probably see him working there soon.

  • davidgnews Dec 17, 2008

    The reason I did not vote for him is because I have not seen anything that was done to help the people of North Carolina.

    Sometimes you have to measure it in how much harm he did not do, and that was plenty.

    You're just being disingenuous in making that statement because he was a democrat, after all.

  • TheAdmiral Dec 17, 2008

    Goodbye - thanks for your service. The reason I did not vote for him is because I have not seen anything that was done to help the people of North Carolina.

    Every press release he has put out was about the pension plan that he was watchdog over. That's it.

  • fatcat11 Dec 17, 2008

    He seems like an ok guy,but he not a money manager...the treasurer has very little to do with day to day transactions..

    Maybe he can be another Madoff...that doesn't take any skill.

  • VT1994Hokie Dec 17, 2008

    He did a great job in my opinion. He is smart with politics and he will definitely be back in some capacity. He is still young and has much to offer. Best wishes.