Showing posts with label speaking fees. Show all posts
Showing posts with label speaking fees. Show all posts

Tuesday, January 28, 2020

Sunshine Laws


Sunlight is the best disinfective. — Louis Brandeis


Politicians have evolved innovative ways of raising money for campaign and personal benefit: book advances, speaking fees, foundation donations, etc. Since this clearly political larg.ess often escapes public reporting, these shadowy fundings need to be disclosed by sunshine laws ... at least once a quarter ... or more often.


Sunday, March 04, 2018

Big Bucks


It seems that virtually every entrenched politician is a multi-millionaire ... even if they had entered office a pauper. How do these often slow-witted people pull their enrichments off? Let me count the ways:

- Gifts and gifts-in-kind from lobbyists
- Book deals
- Kickbacks from overpaid staffers (illegal)
- Exorbitant speaking fees and go-alongs
- Syphoning money from campaign funds
- Insider stock and commodity trading
- Plush no-show jobs for spouses and relatives
- TV appearance fees
- Sweetheart real estate deals
- Fake foundations
- Fat salaries and pensions
- Pork from pork-barrel legislation
- Bribes (illegal)
- Padded expense accounts
- Free medical expenses and other allowances
- "Friendly" bank loans and loan forgiveness

It would seem that new forms of this political grease are constantly being invented. Chasing these ephemera is a frustrating and no-win exercise. The easier these money scams become, the more attractive politics becomes for low-life's. The only possible solution might be to force full annual public disclosure by politicians as to the sources of their net worth increases?

Monday, May 23, 2016

Payola


Back in the 1960's there was a national scandal when it was discovered that music production companies were giving cash and other consideration to radio disc jockeys to play their records on the air. This bribery scandal was nicknamed "payola" and it caused a general wringing of hands and a few slaps on the wrists. But one record spinner, Alan Freed, lost his jobs and was ruined  ... see: Payola. As a result, such blatant bribery in the sleazy music industry is looked on unfavorably even today. This, of course, doesn't say that it has disappeared ... it is now just further underground.

But there is another sleazy industry where different kinds of payola is rampant ... politics ... making the old form seem like penny-ante poker. Politicians have invented numerous ways of lining their pockets with mucho cabbage ... huge book advances that are never earned back, astronomical speaking fees for pedestrian comments to assembled employees, campaign contributions which are never spent and revert to the politicians, cattle futures trading where only winning trades are recorded, taxpayer purchased items misappropriated when leaving office, etc., etc. Have you noticed how very few politicians depart their jobs as paupers? The vast majority, no matter how poor they were when they were elected, retire into abject luxury.

Enter the Clintons who have used every one of these scams (and more) to go from rags to riches. Hellery Clinton on her own, since leaving the State Department, has received $21.7 million in speaking fees from fawning corporations  ... see: New York Post Article. Have you heard her speak? She utters platitudes in an arm-waving screech that can't be worth her airfare, yet she was in high demand. She also got a $14 million book advance from Simon & Schuster for that ghost-written book, "Hard Choices", that was almost unreadable. This publisher was lucky if it made back half of its payola advance.

These speaking fees and book advances are obviously bribes to curry favor were she to be elected President. Ask Donald Trump ... he was often on the dispersing side of such payola. And how has Bernie Sanders become so popular? I contend that one chief reason is that he has positioned himself outside of this payola swamp ... possibly the main reason that Bernie is ahead of Trump in current polls. (Trump would do well, if he thinks that Sanders has a shot at the nomination, to attack this impression.)  So, of the three candidates still standing, we have one payola receiver, one payola payer, and one who seems not to be either. One can almost handicap this November's election just based upon these profiles.

Monday, September 15, 2014

Cult of Personality


The media is in a frenzy ... Hillary Clinton has gone to Iowa to "attend Tom Harkin's annual Steak Fry" ...  acting coy and coquettish about whether she will seek the presidency in 2016. Makes me want to heave to see she and husband, Billy Bob, playing the frenzied crowd like a harp ... see: New York Times' Saccharin Coverage. Isn't this the exact same kind of cult-of-personality mindless adulation that got us into our current governance morass?

Such glorification makes for a big head ... but an even bigger bank account. Hillary Clinton, until such time as she decides (from on high) about her run for the Oval Office, can still command her astronomical speaking fees (maybe even higher ones) and she and Billy Bob can also extort hefty donations to the Clinton Foundation ... as potential access grease for when she would be president.

And this is why I believe that she won't run ... repeat won't run ... and why she will put this Macbeth-like decision off for as long as the national media will tolerate. By then she will likely have feathered her nest and that of the Clinton Foundation to the tune of mega millions ... enough to spend her last years in plutocratic luxury ... and keep Billy Bob in bimbos.