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View Diary: Don't do this, Virginia (94 comments)

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  •  When I see something concrete (1+ / 0-)
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    then we can have a rational discussion.  In the meantime, merely talking about what is NOT in public domain does not shed much light.  

    And the worst of what I have heard about Terry does not come close to what I KNOW on the public record about quite a few people in both politics and business.

    do we still have a Republic and a Constitution if our elected officials will not stand up for them on our behalf?

    by teacherken on Thu Mar 05, 2009 at 01:14:08 PM PST

    [ Parent ]

    •  Sorry, here's a short list of.. (4+ / 0-)

      stuff that is easily found in public domain with links below. And these are from NY Times, Alternet, CounterPunch etc. not FOX, Drudge or NRO:

      McAuliffe Enron, Phillip Morris, and Monsanto

      In the early 90s, McAuliffe recruited new big money donations from corporations that mostly ignored Democrats during the Reagan era.  They included: Enron, Phillip Morris, Monsanto, Boeing, Lockheed, Entergy, Citibank, Chevron, and Weyerhaeuser.  Good idea or strange bedfellows?

      Fund Raising - White House Coffees

      During McAuliffe's time as DNC Chairman he raised $27 million dollars from at least 103 White House Coffees, breakfasts and lunches with the President, Vice President, or First Lady.  Good idea or shady dealing?

      Fund Raising in the Lincoln Bedroom

      Soon after the coffees, McAuliffe began a bigger fund raising scheme, selling "sleep overs" to big money donors in the White House Lincoln Bedroom.  Congress demanded a list of the 938 people who had paid between $25,000 to $200,000 for a sleepover.  The total amount raised was never disclosed but the estimates range between $23 and $87 million dollars.  Good idea or shady dealing?

      Land Deal in Florida

      In the early 1990's McAuliffe made a $100 dollar investment in a $39 million dollar real estate deal in Florida and received a 50% ownership stake.  The other principal investor was a union pension fund, which put up the $39 million to purchase the property.  McAuliffe ended up with a $2.45 million dollar profit.  Good business or shady dealing?

      Another Land Deal in Florida

      McAuliffe convinced the principles of the same union pension fund above to loan him another $6 million to buy a parcel of land south of Orlando called Country Run.  The development project busted and McAuliffe failed to make a single payment on the loan for seven years and was in default from December 1992 through October 1997. Good business or shady dealing?

      Insider Trading - Global Crossing

      In 1997 McAuliffe purchased $100,000 worth of Global Crossing stock.  When Global Crossing went public in 1998, the value of the stock rocketed and McAuliffe sold his shares just as the stock peaked, making $18 million dollars in profit.  Within a few months, Global Crossing's stock collapsed, the company plunged into bankruptcy and more than a third of its workforce were unemployed.  Good business or insider trading?

      Sabotaging Al Gore and Howard Dean

      In 2004 McAuliffe sabotaged the presidential campaigns of both Al Gore and Howard Dean:

      "When Gore began to flirt with the notion of challenging Bush in 2004, McAuliffe went to work to kill off his campaign before it even started... The real threat posed by Dean came from his determination to raise millions in campaign contributions outside of the precincts of the DNC. McAuliffe's control over the party stems from his role as the prime dispenser of campaign cash, the elixir necessary to keep political recipients loyal to the party leadership and its policies. Dean showed another way was possible and he had to be put down."

      The Political Business of Terry McAuliffe

      NY Times: Clinton's Top Fund-Raiser Made Lots for Himself, Too

      Time for Terry McBucks To Go


      by Todd Smyth on Thu Mar 05, 2009 at 01:26:47 PM PST

      [ Parent ]

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