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 until Monday
* The Pat Quinn rehab tour continues
* Question of the day
* IML, firefighters unite on "public duty rule"
* Nuclear Energy: Vital for Illinois’ Clean Power Plan Goals
* Tackling opioid overdoses
* Why didn't Hastert's secret come out sooner?
* A silly idea
* AG Madigan wants GA to eliminate statute of limitations for felony criminal sexual assault and sexual abuse crimes against children
* Caption contest!
* A very weird and specific law applies only to one county clerk
* Today's quotable
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* 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

  
* Second Android N Developer Preview is now available for the Nexus Player
* HTC delays Marshmallow update for AT&T’s HTC One M8 and One M9
* How important is the warranty when you purchase a smartphone?
* Samsung Bedtime VR Stories bring children and parents to a dreamland before dreamland
* Unlocked edition of the HTC 10 ships next week
* Evan Blass goes all “Inception” with DROID Turbo 3, DROID Maxx 3
* Developer Gets Apple Watch to Run Windows 95

* After clawing back, White Sox done in by late HR
* Errant offerings spoil solid start from Rodon
* After clawing back, White Sox done in by late HR
* Rodon solid but undone by pair of big hits
* White Sox place Webb on DL; recall Kahnle
* Ventura: Danks will start despite struggles
* Latos looks to stay perfect vs. Orioles

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


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

Archives
April 2016
March 2016
February 2016
January 2016
December 2015
November 2015
October 2015
September 2015
August 2015
July 2015
June 2015
May 2015
April 2015
March 2015
February 2015
January 2015
December 2014
November 2014
October 2014
September 2014
August 2014
July 2014
June 2014
May 2014
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


* Gov. Rauner appoints new ALPLM Director - WAND..
* Rauner turns to privatization push during secon.....
* OUR VIEW: Funds for Eastern fall far short..
* Some area districts would take a hit under Raun.....
* Small Business Week: The perfect opportunity to.....


* Illinois budget standoff forces 300 layoffs at Chicago State
* Flooding leaves behind sand, debris in Illinois county
* NIU faculty to form union, seeks voice in school decisions
* Troopers step up highway enforcement for prom, graduation
* Woman pleads not-guilty in poisoning death of husband
* Medical examiner rules bartender's death a homicide
* Singer Jamey Johnson to perform at Du Quoin State Fair
* Employee charged with arson in furniture warehouse fire
* Veteran of presidential museums name to head Lincoln library
* Swastikas, noose lead U of Illinois to call for tolerance

* Normal's Mitsubishi plant sold to liquidation firm
* Director of George W. Bush museum appointed to lead Lincoln museum in Springfield
* Swastikas, noose lead U of I to call for tolerance
* Illinois weighs college aid for students in U.S. illegally
* Young offenders hindered by system, panel finds
* Advocates fear chaos after Rauner home health care ruling
* Report: Laws holding back juveniles with criminal records
* Business leaders say early childhood education funding is key to filling STEM jobs in future
* Rauner says he'll consider paying for special session to reach budget agreement
* Municipal League wants law that provides broad immunity to police, firefighters

* Amazon urged to serve minority areas in Chicago, New York
* GrubHub expands delivery into Chicago suburbs
* Citadel seeks whistleblower status in spoofing case
* Foe unloads on Congressman Bill Foster as a 'bully'
* Groupon falls after revenue forecast goes without a boost


* Bears draft Northern Iowa CB Deiondre’ Hall in fourth round
* Bears draft Miami safety Deon Bush in fourth round
* Bears draft West Virginia LB Nick Kwiatkoski in fourth round
* Burglaries reported in West Elsdon
* Chicago chefs on special dishes they’d make Mom for Mother’s Day
* Man killed in DeKalb rollover crash
* Mitchell: Domestic Violence Court tries a new approach
* State FOP paid ex-Chicago cop union boss $100,000 to settle suit
* Obama guidance, press schedule, April 30-May 1, 2016. WHCA Dinner
* Arthur Bryan III, owned The Redhead Piano Bar, dead at 55


* Police: Protesters blocking Lake Shore Drive near NFL draft
* Chicago broadcaster blasted for tasteless Freddie Gray tweet
* LINDA C. BLACK HOROSCOPES for 4/30/16
* Live updates: Bears trade up four spots, select LB Nick Kwiatkoski
* Kenya burns massive piles of ivory tusks to protest poaching
* President Nikki Haley?
* The GOP convention that took 10 rounds to pick a candidate
* Iraqi protesters breach heavily-fortified Green Zone, storm parliament
* Ex-Naperville priest gets prison for child sex crimes in Michigan
* 8 children, including 2 toddlers tied down in backyard, rescued from Texas home


* Charles Krauthammer: The world according to Trump
* U.S. Sen. Mark Kirk: Why Gitmo can't be closed
* Normal's Mitsubishi plant sold to liquidation firm
* Director of George W. Bush museum appointed to lead Lincoln museum in Springfield
* Swastikas, noose lead U of I to call for tolerance
* Illinois weighs college aid for students in U.S. illegally
* Young offenders hindered by system, panel finds
* Advocates fear chaos after Rauner home health care ruling
* Report: Laws holding back juveniles with criminal records
* Bernard Schoenburg: PAC-leader Proft given 'public affairs' radio slot by policy institute


* Illinois Marathon 2016
* Danville murder victim identified
* 04-30-16 Saturday Sports Talk
* 04-30-16 Coffee with The Plant Experts
* PODCAST: The Roofing Dog 4-30-16
* PODCAST: Daniel E. Holder & Associates 4-30-16
* PODCAST: Urbana Business Association 4-30-16
* PODCAST: Market at the Square 4-30-16
* PODCAST: Illini Tutoring 4-30-16
* Business schedules weekend sale


* Bears move up, take W.Va. linebacker in fourth round
* Lake Zurich ducklings rescue a hit on social media
* Cubs-Braves Saturday game postponed because of rain
* Batavia foundation's charity Fox Trot draws more than 325 participants
* Giants draft Clemson linebacker Goodson in fourth round

* House lawmakers overcome hurdle on key tra...
* Rodney Davis talks funding with Bloomingto...
* The agency that fought Illiana gets a new ...
* Rep. Dold takes educational cruise down Ch...
* Lawmakers decry high turnover rate of VA h...
* CBD Oil, and politics
* Simon considering state Senate bid
* Killer Congressman Tom MacArthur trying to...
* Shutdown? State may not notice
* Rep. Bob Dold

* Cahokia Mounds Could Become National Monum......

* U.S. Sen. Mark Kirk: Why Gitmo can't be cl......

* Weyermuller: When did Drake U turn against conservatives like Turning Point USA?
* Citizen journalist David Daleiden faces continued legal jeopardy
* Elizabeth Warren endorses Duckworth for U.S. Senate
* Tennessee makes it legal for counselors to practice religious beliefs
* Biga: The Eloi Arrive a Tad Early
* Where's Weyermuller? With Ozzie at Special Olympics 2016 kickoff
* Teachers (Deborah Meier).
* Straight out of Brooklyn.
* Tony at the Red Line Tap.
* Teachers (Margaret Mead).


* Emergency Management Officials, National Weather Service Encourage Winter Preparedness - November is Winter Weather Preparedness Month in Illinois
* Keep Your Family Safe This Winter - November through February are leading months for carbon monoxide related incidents
* Governor Takes Bill Action
* Illinois Department of Labor Director Hugo Chaviano Awards Governor’s Award for Contributions in Health and Safety to the Illinois Refining Division of Marathon Petroleum Company LP
* State Regulator Elected Treasurer of Interstate Medical Licensure Compact




Hosted by MCS -- CapitolFax.com Privacy Policy -- SUBSCRIBE to Capitol Fax -- Advertise Here -- Mobile Version -- Contact Rich Miller