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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsVa. Gov. Terry McAuliffe Took $120K From a Chinese Billionaire — but the Crime Is That It Was Legal
Va. Gov. Terry McAuliffe Took $120K From a Chinese Billionaire but the Crime Is That It Was Legal
Jon Schwarz
The Intercept
When news broke that Virginia Gov. Terry McAuliffe was under investigation by the Justice Department and that his campaign had taken $120,000 directly from a Chinese-owned business, it may have seemed like an open-and-shut case.
McAuliffe ran and won the governorship as a Democrat in 2013. He received $120,000 in donations $70,000 for his campaign and $50,000 for his inaugural from West Legend Corp., a New Jersey construction materials company controlled by Chinese billionaire Wang Wenliang.
The sheer size seems improper. Yet Virginia permits unlimited, direct contributions by both individuals and corporations to candidates for state offices e.g., governor, the state senate and general assembly.
Thats why West Legend, with its $120,000 contribution, was only the 57th biggest donor to McAuliffe during his two campaigns for governor. (He also ran and lost in the Democratic primary in 2009.) Coming in first at $6.7 million was the Democratic Governors Association PAC. Next was Independence USA, a Super PAC funded by Michael Bloomberg to promote gun control, with $1.7 million. Notable individual donors include longtime Clinton supporter Haim Saban ($572,636), Facebooks first president Sean Parker ($500,000), BET founder Robert Johnson ($495,000), and Bill Clinton ($110,000). Among the other corporations that gave to McAuliffe are tobacco giant Altria ($243,667), Hospital Corporation of America ($177,500), and Genentech ($150,000). All this helped McAuliffe outraise his 2013 Republican opponent nearly 2-to-1.
So you can say the way politicians harvest money from donors is appalling. You can say its particularly gruesome in Virginia. But as of now, if theres evidence that McAuliffe broke any of the rules of an ugly game, we havent seen it yet.
Jon Schwarz
The Intercept
When news broke that Virginia Gov. Terry McAuliffe was under investigation by the Justice Department and that his campaign had taken $120,000 directly from a Chinese-owned business, it may have seemed like an open-and-shut case.
McAuliffe ran and won the governorship as a Democrat in 2013. He received $120,000 in donations $70,000 for his campaign and $50,000 for his inaugural from West Legend Corp., a New Jersey construction materials company controlled by Chinese billionaire Wang Wenliang.
The sheer size seems improper. Yet Virginia permits unlimited, direct contributions by both individuals and corporations to candidates for state offices e.g., governor, the state senate and general assembly.
Thats why West Legend, with its $120,000 contribution, was only the 57th biggest donor to McAuliffe during his two campaigns for governor. (He also ran and lost in the Democratic primary in 2009.) Coming in first at $6.7 million was the Democratic Governors Association PAC. Next was Independence USA, a Super PAC funded by Michael Bloomberg to promote gun control, with $1.7 million. Notable individual donors include longtime Clinton supporter Haim Saban ($572,636), Facebooks first president Sean Parker ($500,000), BET founder Robert Johnson ($495,000), and Bill Clinton ($110,000). Among the other corporations that gave to McAuliffe are tobacco giant Altria ($243,667), Hospital Corporation of America ($177,500), and Genentech ($150,000). All this helped McAuliffe outraise his 2013 Republican opponent nearly 2-to-1.
So you can say the way politicians harvest money from donors is appalling. You can say its particularly gruesome in Virginia. But as of now, if theres evidence that McAuliffe broke any of the rules of an ugly game, we havent seen it yet.
Ugh.
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Va. Gov. Terry McAuliffe Took $120K From a Chinese Billionaire — but the Crime Is That It Was Legal (Original Post)
portlander23
Jun 2016
OP
leveymg
(36,418 posts)1. So, Aramco can give a billion dollars to Terry McAuliffe, and Terry can set up a SuperPac with it,
and use it to support Hillary, and it's completely legal? Interesting sort of "democracy" we run here. For Sale. Fire Sale. Set us on Fire from the 110th floor down.
That means you too, China.
Holly_Hobby
(3,033 posts)2. +120,000 n/t