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Business/Finance
See other Business/Finance Articles

Title: Why The Clinton Foundation Is Gross
Source: [None]
URL Source: http://www.theamericanconservative. ... e-clinton-foundation-is-gross/
Published: Aug 25, 2016
Author: Noah Millman
Post Date: 2016-08-25 06:52:16 by Ada
Keywords: None
Views: 367
Comments: 1

The Clinton Foundation is back in the news because of the possibility that donors got special access to the Secretary of State, which has always struck me as the least-interesting argument for why the foundation is a problem. If a Lebanese-Nigerian billionaire wants to get a meeting with somebody high up in Washington because he’s got a favor he needs done, he’s going to figure out a way to get the meeting. And if the favor is innocuous, or somewhat nocuous but unlikely to be noticed, he’s going to get the favor done. Anybody who thinks otherwise, or that there is any meaningful difference between the parties on this score, is dreaming.

No, the Clinton Foundation has been called a shakedown racket because it wasn’t trading access for donations — it was going to people who were already going to get access, and asking them to pay a toll for it.

Is that a problem? Well, that depends on how you feel about a former President and a hopeful future President creating an organization with their name on it, hobnobbing with the rich and famous all over the world on the organization’s dime, having the organization hire their relatives and long-time aides — and having the organization be a charity.

That, when I think about it, is what sticks in my craw. If the Clinton Foundation were Clinton Associates, a Washington consultancy that advised global solutionizers on how to optimize their solutionizing, and they hired a bunch of relatives and long-time aides, traveled all over the place optimizing the hell out of everybody’s solutionizing, and made it understood that it would be a good idea to hire them for at least some of your solutionizing needs if you plan on doing lots of business in Washington, that would be . . . pretty much par for the course.

But because it’s a charity, and because what Bill, Hillary and Chelsea do for that charity looks precious little like what Jimmy Carter does for Habitat for Humanity, it just makes me feel a little disgusted.

Is that reasonable? I’m not sure. There’s something disturbing about concluding that I’d be less upset if it were a for-profit venture blatantly trading on the Clintons’ access. Wouldn’t I rather they at least put their vanity in the service of a worthy cause? Am I unaware that the game in big-time philanthropy is all about figuring out how to shake down super-rich people for big donations? What’s my problem?

But reasonable or not, it’s how I feel. There’s something just plain gross about oleaginous self-branding on this scale. It’s almost . . . Trumpian.

Of course, if it were the Trump Foundation, they wouldn’t actually raise any money, or make any grants at all. But still.

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#1. To: Ada (#0) (Edited)

Caller to C2C last night mentioned Chelsea is being paid $6-million by the Foundation for being on its Board. Program summary:

. Clinton Foundation Scheme/ Open Lines Date: Wednesday - August 24, 2016 Host: George Noory Guests: Jerome Corsi, Open Lines

Jerome Corsi has been a student and analyst of history, geopolitics and world affairs for decades. He discussed his recent work investigating how the Clintons amassed hundreds of millions of dollars in personal net worth, while building up their Clinton Foundation. He characterizes it as a sordid tale involving suspicions of Enron-like fraudulent accounting practices, as well as several "shell corporations" and "pass-through" bank accounts (which can't be tracked), set up by Bill Clinton. The Clinton Foundation was formed at the end of the 1990s when they were leaving the White House to initially fund Pres. Clinton's Library in Little Rock.

However, the Foundation quickly started raising money for various charitable causes such as for earthquake relief in India, "but these were Clinton self-declared charitable purposes and it violated federal law in that they had no determination letter from the IRS...to raise money for additional purposes," he argued. Corsi compared such practices to what criminal grifters do in creating charities that play on people's sympathies, but actually use only a small percentage of the funds to assist in the stated cause.

Corsi was also critical of Bill and Hillary Clinton's enormous speaking fees, which ranged from $500,000 to $1 million per speech. Hillary was giving speeches for Wall Street firms like Goldman Sachs and never releasing the transcripts, "but clearly these firms, paying these kinds of fees, have to feel that they're buying access, have to feel they're getting influence," he commented. People should demand state-driven investigations of the Clinton Foundation, he suggested, as it can be shown that they have diverted millions of dollars from their coffers, yet we don't know where the funds actually ended up.

------------------------------------------------------------------------

BTW 4umers who are skeptical about merits of C2C & Noory may have reason... for he admitted to a caller he didn't "know" who US is backing with its military in Syria.

4umers know it's Israel.

Tatarewicz  posted on  2016-08-26   3:35:02 ET  Reply   Trace   Private Reply  


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