OBAMA BUNDLERS AND THE RETURNS THEY GOT

10/8/12
An investigation by the Government Accountability Institute found that more than half of the most politically active 50 campaign bundlers for President Obama were either appointed to a presidential council, committee, board, or other White House post. Many bundlers’ businesses or relatives’ businesses also received millions of dollars in taxpayer-funded federal contracts, grants, loans, or other crony perks. In all, the top 50 bundlers received three council appointments, one ambassadorship, two committee appointments, and a whopping 20 State Dinner invitations. Two bundlers were also placed on a presidential board, and another two were picked for other White House posts.
one of the president’s biggest bundlers, Penny Pritzker, is the national co-chair of Obama for America 2012 and was a member of President Obama’s Economic Recovery Advisory Board. Mrs. Pritzker has bundled at least $904,957 for Mr. Obama.
A former board member of the Marmon Group, the Pritzker family owns as much as 40% of Marmon while Berkshire Hathaway owns the rest. Marmon and Berkshire own IMPulse, a transit-manufacturing firm. IMPulse received or directed numerous construction projects that received millions in taxpayer-funded stimulus money. Among others, those projects include:
A $485.8 million contract that was awarded for the extension of the Metro Gold Line from Pasadena to Azusa
A San Francisco Municipal Transportation Agency (SFMTA) infrastructure project worth $67 million in ARRA funds
The Portland streetcar eastside loop which received $75 million in funds
The value of the projects that IMPulse Manufacturing received total nearly $1 billion in American Recovery Reinvestment Act funding.
Jeffery Wharton, president of IMPulse Manufacturing, LLC explained: IMPulse’s new project business has grown 35% in 2009 and expected to grow at least another 10% to 15% in 2010.I do not believe my business would have survived without the investment in public transportation by way of the ARRA stimulus funding. In 2009, ARRA partially funded projects accounted for 46% of my total sales. In 2010, I anticipate the ARRA type funded projects will account for 62% of my total sales. What’s more, Nicholas Pritzker is chairman of the board and senior development adviser of the Pritzker family-owned Hyatt Hotels Corp. He invested an unspecified amount in Tesla Motors, the electric car company that received a $465 million interest-bearing loan from the DOE.
Richard Richman, chairman of the Richman Group. In September 2010, the Richmans held a $30,000 a plate fundraising dinner for Obama in their 20-acre estate in Greenwich, Connecticut. They also donated $50,000 to Obama’s inaugural. In total, the Richmans have bundled $1,073,750 for Mr. Obama. And what did they get in return for their fundraising efforts? Richman Group’s Balton-Douglass Park–a $100 million mixed use, mixed income development which will hold 226 apartments in central Harlem–received a $21 million subsidy through the stimulus. Ellen Richman is listed five times as a visitor in the White House visitors database, and Richard Richman is listed four times since December 2009. They also attended the March 14, 2012 State Dinner.
Mark Gallogly also came up a big winner in the Obama bundler-a-thon. In total, Mr. Gallogly has bundled $903,834 for Mr. Obama. Gallogly serves on the board of Dana Holdings Corp., a manufacturer of drivetrains and other industrial parts. Until earlier this year, Dana Holdings was heavily involved in a joint venture with Eaton Corp., another manufacturer who received numerous stimulus grants, on a line of products known as Roadranger. Roadranger received $3.1 million in stimulus funds for a line of plug in vehicles. Additionally, Dana Holdings supplies parts for Tesla Motors, which received a $465 million loan from the Department of Energy.
Gallogly was appointed to the President’s Economic Recovery Advisory Board and has visited the White House 39 times.

Source—wynton hall

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s