Subject ERA OF FAT-CAT INFLUENCE IN WASHINGTON Written 450 pm Feb 25, 1991 by christic in

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Subject: ERA OF FAT-CAT INFLUENCE IN WASHINGTON ----------------------------------------------------------------------------- Written 4:50 pm Feb 25, 1991 by christic in BUSH'S "TEAM 100": A NEW ERA OF FAT-CAT INFLUENCE IN WASHINGTON Project Censored: Nomination for the "Ten Best Censored Stories of 1990" More than $25 million, raised in individual $100,000 contributions to help the 1988 Bush election effort, has opened a new era of fatcat influence in Washington. The $100,000 contributions were raised in a bigmoney fund raising drive called "Team 100" by Robert Mosbacher, who was chief fund raiser for Bush's 1988 campaign and is now Commerce Secretary. These contributions are part of what is known as the soft money system which, according to critics, "is nothing more than a laundering operation designed to bring illegal federal contributions into federal elections." According to a special investigation by Common Cause Magazine, the Bush administration "makes no pretense about maintaining an arms length relationship with the Team 100 donors. They are wined and dined at the White House and at events in their honor. They are given special briefings and regularly hobnob with ranking Bush appointees." Mosbacher's Team 100 is a veritable who's who of American business. Those contributing $100,000 include 66 in investment and banking community (including Charles Keating and Donald Trump), 58 in real estate and construction, 17 in the oil industry, 15 in food and agriculture, and others in the entertainment, cable, insurance, steel and auto industries, making 249 in total. Almost across the board, Team 100 members or the companies they are with want something from the government. According to the article, many contributed their $100,000 at a time when they had significant business or regulatory matters pending with the federal government, or knew such matters would likely come up during the Bush Administration. Bush's Team 100 includes: oil companies or their executives who are interested in opening up offshore drilling in California and Florida; two individuals in real estate who surfaced last year during investigations at the Department of Housing and Urban Development (HUD) for allegedly distributing special favors to friends and political supporters; and seven individuals who since have been nominated for ambassadorships by Bush, including two who were criticized by the American Academy of Diplomacy as being unqualified for the posts. Team 100 did not end with the 1988 election. Corporate executives and others on Team 100 are being asked to continue giving big money. "They're still giving to the party, it's not like they dropped off after the presidential year," Mary Matalin, chief of staff of the Republican National Committee, told Common Cause. According to Matalin, Team 100 members are now giving $25,000 a year and in 1992 will give an additional $100,000; so, but the time Bush runs for reelection, donors who stay on Team 100 will have contributed at least $275,000. The ongoing corruption in political campaign financing, as revealed by Common Cause Magazine, indicates that the mass media have yet to fully inform the American people of the scope and impact of this corruption. SOURCE: COMMON CAUSE MAGAZINE, Mar/Apr 1990, "All the President's Donors, by Jean Cobb, Jeff Denny, Vicki Kemper, and Viveca Novak, pp 21-27, 38. End of text from Source: Peacenet Via New York Transfer News 718-448-2358, 718-448-2683 --- [ This file has travelled through the Socialism OnLine! BBS at +1-719-392-7781, 24 hours, 300-9600 bps HST/MNP/V42bis, on its way to you, the reader of this file. Please share any information you have about "big brother." Venceremos! ]


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