On Politics, We Can Always See the Whites of Their Eyes.
White House Hotelier and Barista Terry McAuliffe to Run For Virginia Governor
by: Bill Dupray posted: 2009-01-05 19:16:00
Viewed 791 times. 8 Comments.
Terry McAuliffe wants to be governor of Virginia. Which means we in Virginia get to relive the sleaze of the Clinton years all over again.
When Bill Clinton rented out the Lincoln bedroom in return for campaign contributions - that was Terry McAuliffe's idea.
Let's take a walk down memory lane to the White House Motel.
On Christmas Eve, 1994 DNC Chairman Terry McAuliffe visited the Clintons at the White House. Clinton told him of a strategy he dreamed up for raising money. He was going to invite big money donors for a "sleep-over" at the White House. He expected his Hollywood friends would each kick in $25 to $50 thousand or more to sleep in the Lincoln bedroom. . . .Congress demanded an accounting and the White House staff was forced to scramble to assemble a list of overnight visitors—carefully sanitizing the list to make it appear that anyone who had a sleepover was actually friends and acquaintances of the Clintons and not just big donors. The list was a shocker. Nine hundred thirty-eight people paid anywhere from $25 thousand to $200 thousand for a sleepover. If everyone paid the minimum, the sleepovers netted the Clinton fundraising machine $23,450,000. The total is probably much closer to $87,000,000, but it is unlikely anyone outside the Clinton-Gore inner circle will ever know.
McAuliffe was also the genius behind the White House coffees with with the Clintons. Let's just say that a Venti No-Foam Latte, even if they had served it up in an brand new Cadillac Escalade, still would have been cheaper than what McAuliffe was charging for a cup of joe in the Rose Garden canteen.
A total of 103 Coffees were held. Over $27 million was raised. One long-term fund-raiser confided to the Los Angeles Times that he was instructed by DNC Finance Chairman Marvin Rosen to sell presidential access for a minimum of $50 thousand a head. Several major American corporations later admitted to the media that they had been invited to attend Coffees at the White House for a minimum contribution of $100 thousand. Most said the calls, usually placed by the DNC but sometimes by someone claiming to represent the White House, left no doubt in their minds that it would be in their best corporate interest to drop everything and go to Washington and have a cup of coffee with the President, Vice President, or First Lady—or, at least, to send a check.
McAuliffe's slippery ethical standards also earned him millions in the private sector as well. What is it with these Dems and their land deals?
So it was that in November 1990, McAuliffe approached Moore and his friend Grau with a proposal for a real estate partnership in central Florida with an investment company called American Capital Management, which McAuliffe owned with his wife Dorothy. The deal involved the purchase of the Woodland Square Shopping Center and five apartment complexes outside Orlando, Florida. It was a lopsided partnership. The pension fund put up $39 million to purchase the property. McAuliffe shelled out $100, yet he and his wife enjoyed 50 percent ownership in the project. He eventually parlayed his $100 investment into a $2.45 million profit.
Sounds like McAuliffe learned a lot from his buddy Hillary Clinton, the Cattle Futures Baroness.
And let's not forget the Global Crossing deal (can you say Enron?) where McAuliffe once again made out like a bandit.
In 1996, McAuliffe met a young corporate tycoon named Gary Winnick, who had once referred to himself as the richest man in Los Angeles. Winnick ran Global Crossing, a fiber-optics company chartered in the tax-friendly haven of Bermuda. At the time McAuliffe met Winnick, Global Crossing was a privately held company, poised to cash in on the deregulation of the telecom industry and the new opportunities in China. In 1997, Winnick offered McAuliffe the opportunity to purchase $100,000 worth of Global Crossing stock.When Global Crossing shares went public in 1998, the value of the stock soared. Operating with an acute sensitivity to the fluctuations of the market bordering on ESP, McAuliffe sold his shares at the precise moment the stock peaked. McAuliffe told the New York Times he pocketed $18 million in the deal. Within a few months, Global Crossing's stock collapsed, the company plunged into bankruptcy and more than a third of its workforce were tossed into the ranks of the unemployed.
So this is the guy who wants to run Virginia. Everybody jump into the Wayback Machine, we're going to spend the next few months reliving Bill and Terry's excellent adventure.
Tags: Governor, Virginia, Terry McAuliffe,
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Comments 8
Post-script to my previous comment; I did not intend to sound as though his election was unavoidable or inevitable... I had better get a check on my cynicism before I lose my grip on reality - but every time I hear the phrase, "President-elect Obama", no theme from the Twilight Zone plays in the background - and I realize that it's still true... Two months after election day; and some part of me just can't accept it - while the other part believes that the liberal dems are in place for eternity...and that more (like McAuliffe), are on the way.
At least one Dem site doesn't think much of McAuliffe's chances.
Thank you, Bill, for that ray of hope; even 21% not supporting a democrat is a shining light in these dark days of Barry's coronation coverage...
That's a little more than a ray, don't you think?
You're right... just that cynicism poking through again. I'll be better tomorrow, especially if Clyde puts up another men of the IDF pic... Doesn't need to be as, umm,EMPHATIC, as the last one; just a couple of guys in fatigues with some Uzis would do...
I know; I've lost all sense of proportion. Today's news was just too much for me, I have the political version of battle fatigue, and the war hasn't even officially begun!!!
I've heard from some staunch Republicans that they've met him and he is a phenomenal retail campaigner. He's making people nervous, so more of this needs to come out, before he raises so much dang money that nothing matters anymore (see, e.g., 2008 Obama Presidential campaign).
Speaking of Bill Clinton:
It is opined that Bill Clinton committed racist hate crimes, and I am not free to say anything further about it.
Respectfully Submitted by Andrew Y. Wang, J.D. Candidate
B.S., Summa Cum Laude, 1996
Messiah College, Grantham, PA
Lower Merion High School, Ardmore, PA, 1993
(I can type 90 words per minute, and there are probably thousands of copies on the Internet indicating the content of this post.)
_________________
“If only it were possible to ban invention that bottled up memories so they never got stale and faded.” Off the top of my head—it came from my Lower Merion High School yearbook.
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Not to be a smart-aleck - but somehow I doubt Monica Lewinsky paid for her occupancy of the "White House Motel". But, maybe that had to do with the fact that she never made it out of the office portion of the building...
Seriously, I'm starting to think a governorship is the promised reward for DNC chairmen. Here in PA, we have the lovely Ed Rendell, who managed to get elected to governor of the same state whose largest city he bankrupted. I feel sorry for Virginia; Terry McAuliffe is a Yankee from New York, and he certainly won't have any respect for the traditions of one of the greatest states in the union. He's probably happy that the South lost the War Between the States, which he likely refers to as the Civil War; and he probably believes that it was fought over slavery.
I wonder if being a governor will give him any respect for the concept of states' rights, or if he'll still see the federal gov't as the only institution that matters... Patrick Henry must be doing somersaults in his grave.