The Bush Money Machine - George W. Rakes It in with a Little Help on the Q.T. from His (and Daddy's) Pals

By Loewenberg, Sam | The Nation, April 10, 2000 | Go to article overview

The Bush Money Machine - George W. Rakes It in with a Little Help on the Q.T. from His (and Daddy's) Pals


Loewenberg, Sam, The Nation


If George W. Bush makes it to the White House, he will have an exceptional number of friends waiting for him when he arrives in Washington. A "friend," to a Washington lobbyist, is a politician he's raised money for and expects favors from. The recent scandal over the pro-Bush ads placed by Texas Energy baron and hedge-fund king Sam Wyly only hints at the vast network of money men backing the Texas Governor. But even if the Federal Election Commission cracked down on shady expenditures like Wyly's, the real forces behind the Bush juggernaut- those raising federally sanctioned $1,000 contributions-would continue unchecked. Bush has bagged more money to date than any candidate in history-upward of $73 million-but figuring out who his fundraisers are is difficult, since there is no requirement to disclose them. Internal lists acquired by The Nation provide a rare insight into the interests behind the donations: They include tobacco, health insurance and drug companies, sweatshop owners, logging companies, foreign governments and banks involved in mega-mergers and money laundering.

The Bush campaign did release a list of "Pioneers"-those who have raised $100,000 for the campaign-but it was incomplete; a private list is about three times as long. One name on that private list is Charles Hurwitz, head of Maxxam. Hurwitz's junk-bond-funded S&L ventures are estimated to have cost taxpayers $1.6 billion. He used part of that money to acquire Kaiser Aluminum, after which he then locked out 3,000 Kaiser workers. Most recently Hurwitz has been trying to clearcut huge stands of California redwoods. His office had no comment on his fundraising, but probably much to his liking was a law Bush passed as Governor that said property owners must be compensated for government regulations that lower the value of their land.

Another name the campaign did not release was that of Raymond Hemmig, chairman of the board of ACE Cash Express, the nation's largest check- cashing company. In what is essentially legalized loan-sharking, the check-cashing industry both exploits the working poor through ruinous interest rates as high as 500 percent, according to the Center for Responsive Law, and serves as an easy conduit for money laundering, according to federal regulators. In testimony before a House banking subcommittee Hemmig argued against strengthening money-laundering regulations, because the extra paperwork would be too much of a burden on his industry.

His populist, outside-the-Beltway persona and folksy rhetoric notwithstanding, Bush is easily more of a Washington insider than Democrat Al Gore. Present at Bush's kickoff fundraising event last June were more than 2,000 of the local Republican faithful and 150 Washington lobbyists committed to raising more than $25,000 apiece. (By comparison, Gore gathered less than twenty $25,000 fundraisers for his kickoff.) The top fundraisers strutted proudly down a velvet-rope-lined path into a private back room. In keeping with the populist facade of the event, however, they only got a moment to pose with the Governor for a photo before they were thrust into the crowd.

Among the top lobbyist fundraisers:

* Haley Barbour. The most powerful GOP influence merchant in the city, Barbour is the former chairman of the Republican National Committee and is credited with being one of the key engineers of the 1994 Republican revolution. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

The Bush Money Machine - George W. Rakes It in with a Little Help on the Q.T. from His (and Daddy's) Pals
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.