Yes, bankruptcy is no fun. When my business, like so many other printing and direct mail firms at the time, encountered very difficult shrinking markets and hyper-competitive pricing battles, my firm suffered. The banks that financed the expensive equipment my company needed opted not to negotiate. Why bother? I had used my own assets as collateral, and the bank knew that whatever debt remained after it took what I owned was insured by the SBA. I lost everything. That story was repeated dozens of times during those days, shattering the lives of many people in the same industry.
Lesson learned. But how fortunate in our wonderful nation that people like Abraham Lincoln, Walt Disney, Milton Hershey, Gov. John Connally of Texas and countless thousands of little guys like me were and are able get a second chance after experiencing the disappointment of a bankruptcy. I am not the first to have succumbed to bad economic times and will not be the last. The honor is in the effort to achieve, and it has made me a wiser man.
I’m still an entrepreneur, but on a much smaller scale and at a much lower risk.
All that unfortunate history aside, I am greatly saddened by the cowardly anonymity of some of my opponent’s supporters. Attacking me by using a straw-dog in the form of a mud-slinger from across township lines is pretty despicable. I’ll give my opponent the benefit of the doubt and assume she had nothing to do with rummaging through my personal history to find events that occurred over a decade ago. As I have mentioned publicly, I have not the slightest interest in hunting for any skeletons in my opponent’s closets. We should all be better than that. But, I do wonder who paid for the background check. Public record yes, but you don’t get that level of detail without buying it.
This election is not about the past, it is about the future, and as a supervisor of Kennett Township, I will be a stalwart guardian of the public’s trust. That really is what my whole campaign is about.
Ted Moxon
Candidate for Kennett Township Supervisor
