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.


* Emanuel accepts Rauner's apology, but with a catch
* Trade secrets or hiding payrollers?
* *** UPDATED x1 - 34 Latin Kings charged *** US Attorney to announce "significant new indictments against numerous alleged gang members"
* Question of the day
* Caption contest!
* Rauner is gearing up
* Convention delegates are "not normal" party members
* I'll believe it when I see it, Lisa
* SIU's two crucial mistakes
* Sandack says no "compromising information" was accessed
* *** UPDATED x2 - VIDEO: Kennedy looked horrible *** Chris Kennedy speaks to Dems, flees without talking to reporters
* G: Blagojevich doesn't deserve leniency
* *** LIVE COVERAGE *** Democratic National Convention
* 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

  
* Motorola monthly security patches dropped for “efficient” bundles
* Real trainers don’t Pokemon Go without a little Willow in their pocket
* Xiaomi Mi 4i explodes at Indian workplace, off the charger
* Best office apps
* Moto G4 and G4 Plus Review: A spectrum of budget options
* [TA Deals] Save 48% on a bone conduction Bluetooth headset
* The Ticwatch 2 is a crowdfunded twist on Android Wear

* Chris Sale apologizes to teammates and fans, doubles down against m...
* Saladino extends White Sox magic vs. Cubs
* Third straight walk-off fuels White Sox mojo
* Saladino extends White Sox magic vs. Cubs
* Melky robs Bryant of HR with riveting catch
* Shields faces Cubs as Chapman joins rivalry
* Saladino extends White Sox walk-off magic vs. Cubs

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


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

Archives
July 2016
June 2016
May 2016
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


* Rauner calls for Illinois term limits, redistri.....
* Union leader calls Rauner a 'jackass,' vows to .....
* Kennedy rips Rauner, ducks questions on whether.....
* Democrats Call For Sen. Durbin To Run For Gover.....
* Durbin won't rule out challenging Rauner for Go.....
* Convention could start 2018 Dem race for govern.....
* Rauner-created business development group gets .....
* Bruce Rauner Reignites His Push for Term Limits.....


* Court finds man charged in drive-by competent to stand trial
* Illinois won't release details of 'Chicago Fire' tax credits
* 6-year-old Chicago girl home after shot in stomach
* Excerpts from recent editorials in newspapers in Illinois
* Witness shot before murder trial to testify when it resumes
* Illinois won't release details of 'Chicago Fire' tax credits
* Chicago commuter trains expanding service for Lollapalooza
* Trial delayed for 6 suspects in Williston heroin overdoses
* EXCHANGE: Business leaders work to spur entrepreneurship
* Illinois announces proposed waterfowl season, bag limits

* High-profile Republican state lawmaker abruptly resigns
* High-profile GOP Illinois lawmaker Sandack suddenly resigns
* 2 efforts in Illinois attempt to change sex offender laws
* Rauner renews call for term limits
* Rauner-created business development group gets new name
* State costs for amendment notices likely to top $2 million
* Rauner OKs regulating police use of cell-site simulators
* Illinois Supreme Court to consider remap ballot measure
* Rauner vetoes construction-wage, homecare-worker pay increases
* Rauner apologizes, Chicago teachers protest over 2011 email questioning their competency

* Nearly 3 dozen gang members indicted in Chicago area
* Is this the end for health care mega-deals?
* What to know about Medicare's big bundled-payment expansion
* How to save Americans money on cardiac care
* McDonald's misses estimates on same-store sales


* Day 2 Dem convention: Meryl Streep, Lena Dunham, America Fererra
* Emanuel accepts Rauner apology for insult to teachers, principals
* Feds target Latin Kings in freshly unsealed indictments
* 51-year-old woman shot in Chicago Lawn
* Determined to be hip, ‘Nerve’ catches all the high school cliches
* Reviving Illini: Lovie Smith giving it old college try
* All-day breakfast isn’t enough for McDonald’s
* 3 shot in Austin
* Volkswagen’s $15B emissions settlement gets early OK from judge
* AB InBev ups offer for SABMiller after Brexit pound slump


* What big city had biggest home-price bump in May? Chicago
* Union leader calls Rauner a 'jackass,' vows to 'take him out' in 2018
* Feds charge dozens of alleged Latin Kings in sweeping conspiracy
* Mom pleads guilty for her role in stabbing death of daughter's cat
* Indiana GOP panel backs Gov. Pence's preferred successor
* Bernie Sanders could have larger role at Democratic National Convention tonight
* Study: Homicide rate surging for black Chicagoans
* Islamic State group claims France church attack that killed priest
* At least 105 Russians barred from Rio Olympics over doping
* 18-year-old killed, two other teens, 13 and 17, wounded in South Austin


* Kathleen Parker: The fury of Herr Trumpf
* High-profile Republican state lawmaker abruptly resigns
* High-profile GOP Illinois lawmaker Sandack suddenly resigns
* 2 efforts in Illinois attempt to change sex offender laws
* Rauner renews call for term limits
* Rauner-created business development group gets new name
* Pam Molitoris: Hunger doesn't take a summer vacation
* State costs for amendment notices likely to top $2 million
* Statehouse Insider: Rauner, AFSCME conduct PR war while labor talks at standstill
* Bernard Schoenburg: Buscher moves from independent to GOP, Trump


* PODCAST: Champaign County Sheriff's Office officials describe shooting incident
* Memphis to Peoria runners take on heat, rain, childhood cancer
* Man charged with residential burglary in Champaign apartment break-in
* Early-morning Urbana robbery similar to one in Champaign last week
* News conference on shooting July 26, 2016
* RIDING IN STYLE
* Five people hospitalized following three-car collision on Monday in Williamson County
* Franklin Hospital board to consider extension of Morthland's contract
* Prosecutors: Blagojevich isn't 'deserving of leniency'
* Champaign County Sheriff shots investigation


* Big Ten's Delany does not see Rose Bowl move to accommodate playoffs
* Theater events: Duo 'Raising the Standard' at Steel Beam
* Man charged in Buffalo Grove woman's slaying found competent to stand trial
* Woman pleads guilty to helping stab family cat to death
* Wood Dale's Prairie Fest expected to draw 20,000

* 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

* Democrats Call For Sen. Durbin To Run For ......
* Durbin won't rule out challenging Rauner f......
* Democrats Urging Senator Dick Durbin to Ru......

* Talk of the County - Chicago Tribune...
* Home Foreclosures Kirk, Durbin and IHDA An......

* Proposed Wilson/Broadway Development Passes 46th Ward Z&D Committee
* Six Years after Dodd-Frank: Higher Costs, Uncertain Benefits
* Judicial Watch: Obama Attendance at Paris Climate Change Conference Cost Taxpayers $2,976,296.20
* Rauner Signs Bill To Regulate Police Use Of Cellphone Trackers
* 99 Chicago Public Schools Test Positive For Lead In Water
* New Research Explores The 'State Of America's Fathers'
* 'Citywide Peace Walk' To Be Held Saturday In Chicago
* Lemonade Stand Economics
* Texas prosecutors drop felony charges on Center for Medical Progress investigative journalists
* Illinois GOP Lawmaker Steps Down After Facing 'Cyber Security Issues'


* Zika Virus And The 2016 Summer Olympics - Travel guidance for those heading to Brazil for the Olympics
* Serve Illinois Commission Announces $15.6 Million for AmeriCorps Programs - 32 grantees will place almost 1,600 AmeriCorps volunteers in communities
* Rauner Calls on General Assembly to Vote on Constitutional Amendment for Term Limits in Fall Veto Session
* IDNR Announces 2016–17 Waterfowl Season Dates
* Discount Admission Tickets Available For Purchase At Area Retailers - Fair to extend purchasing hours at Emmerson Building




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