By
Doug Powers • August 15, 2013 02:02 PM
**Written by Doug Powers
On
Wednesday, the New York Times ran a blistering investigative report revealing the Clinton Foundation as a nonprofit rife
with crony capitalist conflicts of interest and multi-million dollar deficits
despite raking in at least $492 million from 1997 to 2007.
In 2007 and 2008, the Clinton Foundation, which is
soon to be renamed the “Bill, Hillary, & Chelsea Clinton Foundation,” ran a
$40 million deficit. Last year, it ran a deficit of over $8 million despite the
Foundation and two subsidiaries generating $214 million in revenues.
[...]
[...]
The New York Times says the cronyism and conflicts
have reached critical mass. “The Clinton Foundation had become a sprawling
concern, supervised by a rotating board of old Clinton hands, vulnerable to
distraction and threatened by conflicts of interest,” reports the Times. “It
ran multimillion-dollar deficits for several years, despite vast amounts of
money flowing in.”
Equally
unsurprising, the new Clinton Foundation headquarters will serve as the “nerve center” for Hillary’s expected
2016 push.
Egypt should be a burning reminder of Hillary
Clinton's failures
Today, in the interest of "reaching across the aisle," I would like to bestow upon my leftward leaning friends a quick glimpse into their potential future. How have I gained such privileged access to this crystal ball, you ask? Well, it's called a television. And right now as our major news networks are consumed with horrific images of the tragic violence in Egypt, I ask liberals to gaze into their televisions and consider the path along which they are currently plodding. While liberals seem content to anoint Hillary as their choice presidential nominee, ultimately, the future we see displayed on our TV's is the future they will be voting for in 2016. As Sec. of State, Hillary was the key player in the administration that encouraged Mubarak and his "faux-democracy" to step down, promoted the Arab Spring, and supported the Muslim Brotherhood. All of these decisions greatly influenced the constantly devolving situation in the Middle East and they especially contributed to the current crisis in Egypt. But that's not all she's "accomplished" -- in Hillary's five year stint as Secretary of State, she was able to build herself a legacy consisting of mediocre or failed diplomacy in Libya, China, Syria, and Russia. My two-cents to liberals? Learn from her legacy and keep her out of the White House.
Today, in the interest of "reaching across the aisle," I would like to bestow upon my leftward leaning friends a quick glimpse into their potential future. How have I gained such privileged access to this crystal ball, you ask? Well, it's called a television. And right now as our major news networks are consumed with horrific images of the tragic violence in Egypt, I ask liberals to gaze into their televisions and consider the path along which they are currently plodding. While liberals seem content to anoint Hillary as their choice presidential nominee, ultimately, the future we see displayed on our TV's is the future they will be voting for in 2016. As Sec. of State, Hillary was the key player in the administration that encouraged Mubarak and his "faux-democracy" to step down, promoted the Arab Spring, and supported the Muslim Brotherhood. All of these decisions greatly influenced the constantly devolving situation in the Middle East and they especially contributed to the current crisis in Egypt. But that's not all she's "accomplished" -- in Hillary's five year stint as Secretary of State, she was able to build herself a legacy consisting of mediocre or failed diplomacy in Libya, China, Syria, and Russia. My two-cents to liberals? Learn from her legacy and keep her out of the White House.
NYTIMES: CLINTON FOUNDATION RIFE WITH CRONYISM
On Wednesday, the New York Times ran a blistering
investigative report
(http://www.nytimes.com/2013/08/14/us/politics/unease-atclinton-foundation-over-finances-and-ambitions.html?hp&_r=0)
revealing the Clinton Foundation as a nonprofit rife with crony
capitalist conflicts of interest and multi-million dollar
deficits despite raking in at least $492 million
(http://www.foxnews.com/politics/2008/12/18/saudi-arabiabiggest-donors-clinton-foundation/)
from 1997 to 2007.
In 2007 and 2008, the Clinton Foundation, which is soon
to be renamed the “Bill, Hillary, &
Chelsea Clinton Foundation,” ran a $40 million deficit.
Last year, it ran a deficit of over $8
million despite the Foundation and two subsidiaries
generating $214 million in revenues.
Hillary Clinton plans to relocate her offices to the
Foundation’s Manhattan headquarters in
the weeks to come. Former White House press secretary
Robert Gibbs said Clinton
planned to use the Foundation as a “launching pad into
2016,”
(http://www.politico.com/story/2013/08/hillary-clinton-family-foundation-95468.html)
a reference to her potential presidential run.
The nexus between Clinton Foundation donors, foreign
governments, and corporate
interests has long been a concern to government watchdog
groups. As of 2008, the Clinton
Foundation raised at least $46 million from Saudi Arabia
(http://www.foxnews.com/politics/2008/12/18/saudi-arabia-biggest-donors-clintonfoundation/),
Kuwait, Qatar, Brunei, Oman, and other foreign governments—the very
governments Secretary of State Hillary Clinton eventually
negotiated with. Wealthy
foreign investors, like Saudi businessman Nasser
Al-Rashid and Indian politician Amar
Singh gave at least $1 million each.
Previous news accounts have chronicled how Clinton
Foundation donors have profited. In
2004, New York developer Robert Congel donated $100,000
to the Clinton Foundation.
Shortly thereafter, Sen. Hillary Clinton reportedly
helped the developer bag millions
(http://seattletimes.com/html/politics/2008587879_donations04.html)
in federal
assistance for his mall project. Congel and Hillary
Clinton’s spokesperson denied any crony
pay-to-play connection
The New York Times says the cronyism and conflicts have
reached critical mass. “The
Clinton Foundation had become a sprawling concern,
supervised by a rotating board of old
Clinton hands, vulnerable to distraction and threatened
by conflicts of interest,” reports
the Times. “It ran multimillion-dollar deficits for
several years, despite vast amounts of
money flowing in.”
Despite the apparent fiscal mismanagement, well-connected
Clinton allies appear to be
doing quite well. In 2009, Douglas Band, whom Clinton
insiders describe as a “kind of
surrogate son to Mr. Clinton,” co-founded Teneo, a
consultancy that has since hired
(http://www.breitbart.com/Big-Government/2013/06/16/Weiner-s-Wife-Grilled-OverClinton-Crony-Consulting-Gigs)
Hillary Clinton confidante and disgraced mayoral
candidate Anthony Weiner spouse Huma Abedin. As the Times
explains:
Mr. Band poached executives from Wall Street, recruited
other Clinton aides to join
as employees or advisers and set up shop in a Midtown
office formerly belonging to
one of the country’s top hedge funds….Teneo worked on
retainer, charging monthly
fees as high as $250,000, according to current and former
clients. The firm recruited
clients who were also Clinton Foundation donors while Mr.
Band and Mr. Kelly
encourage4d others to become new foundation donors….Some
Clinton aides and
foundation employees began to wonder where the foundation
ended and Teneo
began.
Among Teneo’s earliest clients was now-defunct MF Global,
run by disgraced Obama
bundler Jon S. Corzine.
The Times says Chelsea Clinton “became increasingly
concerned” that Band and Teneo’s
outside business were negatively impacting the
Foundation.
Now, the Times says Hillary, Bill, and Chelsea Clinton
are gearing up for a $250 million
fundraising push as Hillary prepares to use the
Foundation “as a base for her to home in on
issues and build up a stable of trusted staff members who
could form the core of a political
campaign.”
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