SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
CapitolFax.com
To subscribe to Capitol Fax, click here.
No big money from the Griffins this fall?

Monday, Oct 1, 2012

* There were lots of rumors earlier this year of bigtime bucks for legislative races coming from people like Ken and Ann Griffin this fall. Maybe not

The Nov. 6 contests for the White House and Congress are only part of the picture for the new cadre of wealthy financiers who are looking to magnify their impact by focusing on state and local politics. They are not putting much money into state Republicans’ slim chances of reversing Democratic control of the Legislature this year, but insiders expect their influence to grow dramatically with statewide offices, including U.S. senator and governor on the ballot two years from now. […]

Also stepping into a new activist role are mega-donors Kenneth Griffin, who founded the hedge fund firm Citadel LLC, and Anne Dias Griffin, who founded her hedge fund firm, Aragon Global Management. The husband and wife have donated more than $6.1 million to candidates and causes at the state and federal level since 1998. […]

“All these people, they make decisions based on data, on ROI (return on investment), based on performance. That’s how they make money,” the consultant said. “You can’t just call up these folks and say ‘I’m a Republican. I need money.’ What is your plan? How do you get across the finish line. What’s your ROI? What’s your approach?”

And it appears that the investment community will pull back if results aren’t delivered.

“They’re no longer interested in jumping behind (someone) who has tried and failed,” the consultant said. “They want to do it themselves because the (politicians) at the head tables haven’t done it.”

The investment community provided substantial seed money, including $190,000 from the Griffins, to the Two Party System Inc. PAC that in 2010 spent more than $800,000 to back state House GOP candidates and campaigns. But promises of major pickups against Democrats never materialized. Through the first half of this election year, the PAC has made no contributions.

The Griffins have contributed just $30,000 since July.

…Adding… Illinois Review

Newsweb media mogul Fred J. Eychaner ranks 13 on the nation’s list of top political donors.

In addition to his efforts for President Obama, Eychaner is one of the 2012’s highest national indiviual donors to liberal legislative candidates and political action committees in the 2012 cycle.

In this cycle alone, Eychaner has donated over $3 million to federal Democrat-affilliated Political Action Committees […]

Of the $377,000 he has given thus far to Illinois Democrat candidates and the Democratic Victory Fund and the Senate Democrats, nearly half - $190,000 - went to the abortion advocacy group Personal PAC

- Posted by Rich Miller        


17 Comments
  1. - Michelle Flaherty - Monday, Oct 1, 12 @ 2:15 pm:

    Why would the Griffins donate to campaigns when they can use their new “media” venture to promote their agenda?


  2. - Reality Check - Monday, Oct 1, 12 @ 2:22 pm:

    Why would the Griffins donate to campaigns when they can use Pat Quinn and Rahm Emanuel to promote their agenda?


  3. - just sayin' - Monday, Oct 1, 12 @ 2:26 pm:

    Griffins must have woken up about lack of good investments.


  4. - Cal Skinner - Monday, Oct 1, 12 @ 2:41 pm:

    Eychaner gave $5,000 to Dee Beaubien:

    http://mchenrycountyblog.com/2012/10/01/could-a-statewide-building-code-be-aimed-at-putting-windmills-anywhere-without-local-interference-2/


  5. - train111 - Monday, Oct 1, 12 @ 2:53 pm:

    In contrast to Eychaner’s $377K to Dem Candidates, there is Jack Roeser, Jeanine Roeser, Rep Rennaisance PAC, and Otto Engineering chipping in a little under $520K to GOP candidates and PACs. (This figure includes only after April 1, so is only for the general election cycle and was gotten together quickly)

    Also Richard Uihlein and his wife Elizabeth have chipped in another $139.5K into GOP candidates since 4/1.

    train111


  6. - train111 - Monday, Oct 1, 12 @ 2:55 pm:

    I guess my point is that Illinois Review has to lay off the faux Drudge ‘outrage of the day’ and accept that they have big bucks coming into their side too.

    train111


  7. - wordslinger - Monday, Oct 1, 12 @ 3:16 pm:

    Money-man Rahm’s doing their dirty work in the city. They don’t need to pony up there.

    The Griffins are union busters, investing in a long game to cash in on the privatization of schools and everything else.

    I don’t think Quinn is a union-buster, but he is over his head with this crew. A bad economy and years of putting things off to manana make his job virtually impossible, especially when he’s being pounded by the cynical company goons of Fox and the Trib.

    Make the google your friend, and check out the Griffins, guys like Rauner and the hedgies who smell the meat-a-cooking when it comes to government.

    They’re what Gov. Perry and Speaker Gingrich called vulture capitalists. Bust-out gangsters, like Paulie Vario, but legal.

    They buy up “undervalued assets,” charge them huge fees, chop them up, run up their credit and walk away with all the money if things go south.

    The unions — your neighbors like the teacher, cop, firemen and food service worker — are in the way from them cashing in on government.

    Public union employees have to go for them to succeed and that’s what this national “class warfare” is all about.


  8. - PQ's Primary Opponent - Monday, Oct 1, 12 @ 3:27 pm:

    That Eggers donation was a good investment..


  9. - CircularFiringSquad - Monday, Oct 1, 12 @ 3:30 pm:

    Did anyone else notice the Girffins apparently force LittleMissMakeItUp to Reboot their 10K back Billboards as he was withdrawing?

    WhackyJack is still pouring cash in

    And the wingnuts now have their radio son on morning drive at Blagoof Broadcasting
    Fire, Aim, Ready


  10. - James the Intolerant - Monday, Oct 1, 12 @ 3:31 pm:

    THe Griffins are also funding the commercials constantly running in which Rahm is proclaiming victory in the CPS school strike. I know the commercials are paid for from private donors, but if it is really “all about the children” why not spend that $1M on laptops for the children.


  11. - Rich Miller - Monday, Oct 1, 12 @ 3:36 pm:

    ===Did anyone else notice the Girffins apparently force LittleMissMakeItUp to Reboot their 10K back Billboards as he was withdrawing?===

    Translation here. Check the first entry.


  12. - Colossus - Monday, Oct 1, 12 @ 3:48 pm:

    Thanks for the translation, Rich. Sometimes CFS can sound like Gabby Johnson from Blazing Saddles. (http://www.youtube.com/watch?v=ke5Mr5eCF2U)

    I say that with all due affection, CircularFiringSquad…

    I once spent the weekend at a SC cabin with some locals. I knew it was time to leave when I actually started to understand the Authentic Southern Gibberish.


  13. - train111 - Monday, Oct 1, 12 @ 3:53 pm:

    Rich

    There is another of those goofy entries where the HRO gave Glenn Nixon $40K in the 79th and then he contributed it back to Citizens for Tom Cross.

    Is this some sort of goofy legal money laundering??

    train111


  14. - Yellow Dog Democrat - Monday, Oct 1, 12 @ 3:54 pm:

    House Republicans were a bad investment. Stand for Illinois turned out to be a pretty big waste of money.

    I don’t blame the Griffins for waiting to see how things shake out. When you’ve got their kind of wealth, you can always make new friends after the election.


  15. - Yellow Dog Democrat - Monday, Oct 1, 12 @ 3:55 pm:

    And maybe, just MAYBE they’ve finally figured out that its Republicans who are stonewalling on pension reform.


  16. - Arthur Andersen - Monday, Oct 1, 12 @ 4:20 pm:

    Rich, your CFS Magic Decoder Ring is working well today.


  17. - western illinois - Monday, Oct 1, 12 @ 10:33 pm:

    Maybe the Republicans sumped pension “reform” because none of these outfits put up the money.
    We are alos seeing jillions in negative ads doing nothing. Ohio Senate is a case in point


Sorry, comments for this post are now closed.


* Reader comments closed for the weekend
* Afternoon updates
* Stop the satellite TV tax!
* *** UPDATED 1x *** Twitter suspends parody account @peoriamayor
* Lesson learned: Don't 'Leave'
* Fitch affirms Illinois GO Bond rating
* BGA: Rauner firm holds state contracts; political round-up
* Question of the Day
* CAPTION CONTEST!
* Morning Shorts
* Yesterday's blog posts

Support CapitolFax.com
Visit our advertisers...

...............

...............

...............

...............

...............

...............


Search This Blog...

Search the 98th General Assembly By Bill Number
(example: HB0001)

Search the 98th General Assembly By Keyword

          
        * Hands On With Facebook's Nearby Friends
        * Our favourite 5 new Windows Phone apps of the week
        * Nike Layoffs Add Fuel to Apple iWatch Rumors
        * Nike Says The FuelBand Isn’t Dead, New Color Options Coming
        * Beats Music Gets In-App Subscriptions, Beefs Up Free Streaming Options
        * Nokia Lumia Instagramer of the Week: Sigrid Sohm
        * Incomparable

        * Thin film electronics may hold the key to human size health care
        * Samsung Galaxy S5 Review
        * A 3D-Printed Ultrasound Cast That Looks Awesome and Heals You Faster
        * Beats Bites the Bullet, and Starts Selling Subscriptions From Apple’s App
        * Nike Fires Majority of FuelBand Team, Will Stop Making Wearable Hardware
        * This Week's Top Downloads
        * Verizon May Roll Out Android 4.4 KitKat Update for Galaxy S4 on May 2nd (Rumor)

        * Adam Eaton flirts with death, then strains hamstring
        * Prospect Johnson proving 2013 wasn't a fluke
        * Rangers 6, White Sox 3: Rallies stall to extend skid
        * Quintana, White Sox lose touch in rough fourth inning
        * Eaton exits game after collision with Fielder
        * Eaton exits game with mild hamstring strain
        * Paulino goes on DL with rotator cuff inflammation


        Main Menu
        Home
        Illinois
        YouTube
        Pundit rankings
        Obama
        Subscriber Content
        Durbin
        Burris
        Blagojevich Trial
        Advertising
        Updated Posts
        Polls

        Archives
        April 2014
        March 2014
        February 2014
        January 2014
        December 2013
        November 2013
        October 2013
        September 2013
        August 2013
        July 2013
        June 2013
        May 2013
        April 2013
        March 2013
        February 2013
        January 2013
        December 2012
        November 2012
        October 2012
        September 2012
        August 2012
        July 2012
        June 2012
        May 2012
        April 2012
        March 2012
        February 2012
        January 2012
        December 2011
        November 2011
        October 2011
        September 2011
        August 2011
        July 2011
        June 2011
        May 2011
        April 2011
        March 2011
        February 2011
        January 2011
        December 2010
        November 2010
        October 2010
        September 2010
        August 2010
        July 2010
        June 2010
        May 2010
        April 2010
        March 2010
        February 2010
        January 2010
        December 2009
        November 2009
        October 2009
        September 2009
        August 2009
        July 2009
        June 2009
        May 2009
        April 2009
        March 2009
        February 2009
        January 2009
        December 2008
        November 2008
        October 2008
        September 2008
        August 2008
        July 2008
        June 2008
        May 2008
        April 2008
        March 2008
        February 2008
        January 2008
        December 2007
        November 2007
        October 2007
        September 2007
        August 2007
        July 2007
        June 2007
        May 2007
        April 2007
        March 2007
        February 2007
        January 2007
        December 2006
        November 2006
        October 2006
        September 2006
        August 2006
        July 2006
        June 2006
        May 2006
        April 2006
        March 2006
        February 2006
        January 2006
        December 2005
        April 2005
        March 2005
        February 2005
        January 2005
        December 2004
        November 2004
        October 2004

        Blog*Spot Archives
        November 2005
        October 2005
        September 2005
        August 2005
        July 2005
        June 2005
        May 2005

        Syndication

        RSS Feed 2.0
        Comments RSS 2.0
        WordPress

        Loading


        * State law on hospital exemption sends property .....
        * Races to Watch in 2014..
        * Clock ticking for exchanges..
        * Quinn: New Controls After Medicaid Paid for Dead..
        * New controls expected after Medicaid paid for dead..


        * 5 killed, 22 wounded in Chicago shootings
        * NASA: Engineer vital to moon landing success dies
        * Chicago man killed in Salt Lake City stabbing
        * Ill. GOP officials who wanted Brady out replaced
        * Gov. Quinn backs state spending for Obama library
        * Quinn: New controls after Medicaid paid for dead
        * $14M awarded in suit linking contraceptive, stroke
        * $14M awarded in lawsuit linking pill to stroke
        * Boeing to give California workers $47M in back pay
        * APNewsBreak: Medicaid paid $12M for Illinois dead

        * Addiction experts: Illinois budget cuts could hurt drug treatment
        * Comptroller Topinka reports $125K in income
        * Bernard Schoenburg: Durbin, Oberweis spar over earmarks, minimum wage
        * Statehouse Insider: It doesn’t always add up in the General Assembly
        * Chicago casino plan draws more support at legislative hearing
        * Video gaming may get its own exclusion list
        * U of I officials seeking to prevent retirement rush
        * U of I asks state legislators to prevent retirement rush; could affect 200 at UIS
        * 2015 tax rates still far from settled
        * Strip club tax brings in much less than expected

        * Census: People are leaving all six Chicago-area counties
        * Trixie and Chad have kids!
        * Quinn administration funds Diana Rauner's nonprofit
        * Why Lenovo's Moto bid is looking smarter
        * Ignoring Shakespeare's butcher, law firm advises how to cut legal bills


        * 5 dead, 22 wounded in shootings since Friday evening
        * 7 dead, 22 wounded in shootings since Friday evening
        * 5 dead, 19 wounded in shootings since Friday evening
        * 5 dead, 21 people shot in 24 hours
        * Cardinal’s exemplary courage, grace
        * Painful North Side CTA bypass is right move for the future
        * In pre-Easter march, Chicago religion, community activists call for peace
        * $14 mil awarded to woman who suffered stroke after taking medication
        * Ex-death row inmate Anthony Porter angry, feels ‘cheated’ out of money
        * 12-year-old boy shot in Altgeld Gardens neighborhood


        * Two found shot to death in Garfield Ridge home
        * Cops: 3 dead, 13 others injured in shootings
        * Body of newborn boy found in Logan Square gangway
        * Boy, 16, shot on South Side
        * Geneva kayak trip turns fatal
        * Man hit by truck on Near North Side identified


        * Illinois Finally Gets 'No Child Left Behind' Waiver
        * U Of I: Illinois Pension Overhaul Had Costly Mistake
        * Fish fry dinners bring food, community to Catholics during Lent
        * Listen To State Week - April 18, 2014
        * Murray Center Advocates Win Appeals Decision
        * Employment Improves, But Illinois Still Lags U.S.
        * Nine Illinois lawmakers vote to fund Obama library - but only five members in attendance
        * WBEZ's Student Stories
        * Interview: John Tinker & The Landmark Case On Students' Right To Free Speech
        * State Legislation Hints At Marijuana Legalization


        * Our Opinion: Don’t drag feet on drone regulation
        * Bernard Schoenburg: Durbin, Oberweis spar over earmarks, minimum wage
        * Bernard Schoenburg: Durbin, Oberweis spar over earmarks, minimum wage
        * Statehouse Insider: It doesn’t always add up in the General Assembly
        * Statehouse Insider: It doesn’t always add up in the General Assembly
        * Armenta L. Johnson: Advocate for quality education to avoid segregation
        * Catherine Walters: Prairie Center Against Sexual Assault notes anniversary, awareness month
        * Video gaming may get its own exclusion list
        * U of I asks state legislators to prevent retirement rush; could affect 200 at UIS
        * Quinn grants 43 clemency requests


        * Wigs, hats and hope: Cancer Care Closet helps women feel better
        * Will Madison County enterprise zone get extension?
        * Neighborhood watch: Crimes of the week
        * Terror at 62,000 feet
        * Jake's not just at State Farm anymore
        * EMA director promotes tracking device
        * Device helps athletes monitor practice
        * Spring meant ‘the Easter parade’ for fashionable set
        * Today's farmers face a multitude of challenges
        * Give the gift of laughter


        * The 10th District money race
        * Aurora Democrat calls out IHSA
        * Lawyers: Ill. hazing law vague, unconstitutional
        * Ill. House OKs lower-cost hunting bill for seniors
        * Quinn’s running mate takes new consulting job

        * GOP running out of time on immigration ref...
        * GOP must take immigration action - Pacific...
        * Gutierrez: If no immigration reform passes...
        * Gutierrez Warns GOP Obama Will Take Action...
        * Why You Should Care About Immigration - Ne...
        * Xavier Becerra And Luis Gutierrez On Depor...
        * House Ethics Committee reviewing conduct o...
        * Luis Gutierrez Faces House Ethics Committe...
        * Rep. Luis Gutierrez faces House ethics rev...
        * Democratic Congressman Faces Possible Ethi...

        * Loading Koch Industries Website Too Many T......
        * Maryland and DC among worst for food aller......
        * Cleveland State University to reestablish ......
        * Convicted political boss Al Sanchez runnin......
        * Candidates make last filings for local, st......

        * Illinois Lt. Gov. Simon opposes pension le......
        * Dillard Odd Man Out on Pension Deal Reaction...
        * Sen. Mark Kirk sides with Rauner on pensio......
        * Governor's race infighting threatens pensi......
        * SCHOONERS - Home of Everyone's Favorite Be......

        * GTCR is Rauner’s Bain Capital. So Squeezy gives him a state contract. Shaking up Springfield?
        * Sunday book review section. This is Not a Test.
        * The Library of Congress Pkwy?
        * Sen. Mark Kirk pokes at Eric Holder: Did NSA spy on Congress?
        * Democratic National Committee Executive Committee meeting in Chicago June 8
        * Emily's List hits Chicago June 27: Sebelius, Lisa Madigan, Neely, Finney to speak
        * Feinstein, Chambliss defend phone data snooping to "keep the homeland safe." Durbin has concerns. UPDATED
        * President Obama official schedule and guidance June 6, 2013. North Carolina, California
        * Verizon phone records secretly collected by the National Security Agency
        * Obama to tap genocide fighter, Pulitzer Prize winner Samantha Power to become new United Nations Ambassador


        * Governor Quinn Announces Investments to Conserve Lake Michigan Shoreline - Visits Volunteer Beach Clean-up to Announce Investments That Will Support Environmental Education and Stewardship Projects
        * Governor Pat Quinn Takes Clemency Action
        * Proposed Rules for Compassionate Use of Medical Cannabis Pilot Program Act Filed
        * Adopt-A-Highway Spring Cleanup Begins Today - Annual Event Honors Earth Day, Tackles Roadside Litter After Harsh Winter
        * Illinois Schools Win No Child Left Behind Waiver - Federal Government Approves Flexibility Needed for Successful Implementation of State Strategies to Improve Student Learning




            Hosted by MCS SUBSCRIBE to Capitol Fax Advertise Here Mobile Version Contact Rich Miller