DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd"> PELICANPOST.BLOGSPOT.COM: Will Senator Hillary Clinton bring in foreign contributions to her campaigns through the back door...?

Saturday, May 06, 2006

Will Senator Hillary Clinton bring in foreign contributions to her campaigns through the back door...?

Not so surprising is the fact that Bill Clinton has enormously enriched himself by trading on his position as former President of the United States in order to garner millions in honoraria---speaking fees---in foreign countries, including Saudi Arabia and the Peoples Republic of China.

Also not surprising is Hillary Clinton's claim to not having "any idea" as to whether she would be using any personal money in her campaign...." Ever nebulous...., ever secretive and slippery....

Apparently the hard-left mainstream media rag---The New York Times---has no problem with Bill Clinton raking in over $25M in honoraria, when they had a serious problem with Ronald Reagan getting paid $2M for speaking twice in Japan and roundly condemned him in print for doing so. They must not care that Bill Clinton has "plunged so deeply into blatant commercialism."

Big question: Do Americans want a U.S. Senator or President whose election is indirectly financed by anti-U.S. foreign countries' and entities' "honoraria" contributions...?

Read Amanda B. Carpenter's ****Five Star, must read column on this topic here. A few eye-catching excerpts are below.
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"Chinese, Saudi and French Money to Fund Clinton Campaign?"

"Since leaving the White House, former President Bill Clinton has earned more than $16 million in honoraria from foreign interests, raking in money that could later be used to help finance the expected presidential campaign of his wife, Sen. Hillary Clinton (D.-N.Y.)....
When I asked Sen. Clinton last week if she had decided whether or not she would use any personal money for her campaign, she said, “Oh, I have no idea.”

Financial Disclosures: The senator’s 2004 Senate financial disclosure report, the latest available, revealed that she and her husband had a joint Citibank Deposit Account that was worth between $5 million and $25 million and which produced between $50,001 and $100,000 in interest.... Her (disclosure) indicated that she shared a Senate Qualified Blind Trust with her husband that was also worth between $5 million and $25 million, and which earned between $100,000 and $1 million interest.

According to campaign finance expert Cleta Mitchell, a partner in the Foley & Lardner law firm, Mrs. Clinton would be entitled to at least half of the funds in joint accounts with her husband, even though New York is not a community property state. “They now treat that [joint investment accounts] as joint property and the FEC would contend that 50% is hers,” said Mitchell....

Similarly, Mrs. Clinton could borrow against the wealth her husband has accumulated in part through his honoraria to help finance her campaigns.

Former President Ronald Reagan was fiercely criticized in October 1989 when Japanese business giant Fujisankei Communications Group reportedly paid him $2 million for a nine-day visit during which Reagan gave two speeches. Former President Clinton was paid nearly $22 million from 2001 to 2004 for 151 appearances....

Of Reagan’s visit to Japan, the New York Times editorialized: “[T]he Reagans’ willing participation is as disturbing as their extraordinary compensation. Former Presidents haven’t always comported themselves with dignity after leaving the Oval Office. But none have plunged so blatantly into pure commercialism....”

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