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.


* Oberweis now for gay marriage
* The patented Pat Quinn close has begun
* Question of the day
* McKinney resigns from Sun-Times: "I’m convinced this newspaper no longer has the backs of reporters like me"
* Another one pops
* Reality vs. reporting
* New anti-Rauner theme: "Wolf of Winnetka"
* Redefining Bobby
* Pat and Bruce
* The lindane file
* US judge orders hiring monitor at IDOT
* Underdog endorsements
* Birth control, millionaires and the minimum wage
* Good morning!
* 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

          
        * Inbox by Gmail gives you another way to look at email
        * Google Inbox, iOS 8.1 Jailbreak, Android Beam boost & more – Pocketnow Daily
        * Android Lollipop imminent, new Nexuses nearing, no more Nokia | Pocketnow Weekly 119
        * How Mia Mullarky made the world’s most a-mew-sing Lumia cat video
        * The Week in iOS Accessories: New products for new iPads
        * Samsung Galaxy Note 4 scores a Developer Edition for Verizon
        * Apple iPad Air 2, iPad mini 3 now available in Apple Stores

        * iPad Air 2 Teardown Reveals Smaller Battery Than Its Predecessor
        * Bank Of America Acknowledges Apple Pay Glitch, Promises Fix Today
        * Working Apple 1 Computer Sold At Auction For $905,000
        * Apple Defeats Patent Suit Challenging Its Mobile Technology
        * Microsoft Next Is A Lockscreen App For Android Devices
        * Twitter Announces Digits, A New Way Of Logging In On Mobile Devices
        * Samsung Galaxy Note 4 For Verizon Now Available For Purchase

        * World Series Game 2: Notes and discussion
        * 23 potential MLB free agents as SkyMall items
        * World Series Game 1: Notes and discussion
        * The e-gus off-season plan
        * Reading Room: A wild card of a World Series
        * Following same path as '59 White Sox, KC eyes title
        * larry's Offseason Plan


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

        Archives
        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


        * Selig, MLB grateful for strides in fight vs. ALS..
        * Sun-Times reporter Dave McKinney resigns follow.....
        * The Best Of The Dish Today..
        * Child hospitalized in Chicago to be tested for .....
        * VP says Democrats working to protect middle class..
        * Sun-Times Reporter Quits; Blasts Paper’s Boss, .....
        * Prospect Heights man killed in motorcycle crash.....
        * Suspect robs Chase Bank on Northwest Side..
        * Vice President Joe Biden to return to Illinois..
        * Emanuel picks Summers as new Chicago treasurer..


        * Biden in Illinois: Each vote for Democrats crucial
        * Indiana killings case prompts Illinois searches
        * Reporter resigns following Rauner complaint
        * Illinois adding press-box medical staffer
        * VP says Democrats working to protect middle class
        * Former Illini coaches speak at McClain's funeral
        * Editor defends Sun-Times after reporter quits
        * Court-appointed monitor ordered for IDOT hiring
        * Man suspected of killing 7 refuses to answer judge
        * Incoming Chicago archbishop won't live in mansion

        * Sun-Times political reporter resigns following Rauner complaint
        * Minimum wage hike supporters urge early voting
        * Federal judge orders court-appointed monitor for IDOT hiring
        * Rep. Raymond Poe to undergo stem cell transplant
        * Bill Clinton campaigns for Quinn, Durbin
        * Quinn, Rauner spar over jobs, taxes
        * Election 2014: Learn about all the candidates
        * What to watch for in third governor debate tonight
        * U of I sees turning point as election nears
        * Chicago Sun-Times endorses Rauner for governor

        * Ebola? Biz travelers say 'meh'
        * Sun-Times Springfield bureau chief Dave McKinney resigns
        * Northern Trust now charging Europeans to park their cash
        * Humbler abode: New Chicago archbishop won't live in mansion
        * Chicago hospitalizes two air travelers from Liberia


        * Father Bob Botthof, teacher who became priest after losing wife, dies at 85
        * Father Bob Botthof, teacher who became priest after losing wife, dies at 85
        * Sparse crowd at CPS HQ before Board of Ed vote on Hancock school
        * Indiana officials identify fourth body found after arrest of suspected serial killer
        * Jail guard smuggled weed in sandwiches, feds say
        * Back to the past with mayor’s move


        * Sun-Times reporter Dave McKinney resigns, calls time off 'house arrest'
        * Suspect in serial killings charged in 2nd death
        * CPS sells first shut-down school
        * CPS asks feds for delay on new standardized test
        * Durbin, Oberweis clash on immigration, health care in debate
        * Man dies in Long Grove crash
        * 'Transformed' jail escapee pleads for leniency, gets 36 years
        * Incoming archbishop eschews mansion, will live at Holy Name Cathedral
        * Ex-Cook County Jail inmate's suit alleges sexual assault by inmate
        * 3 injured in Marquette Park shootings, 2 found dead in West Lawn


        * Real estate and religion: The tale of Seventeenth Church of Christ, Scientist
        * Suspicion lingers over Ebola treatment
        * Judge Orders Court Appointed Monitor For IDOT Hiring
        * 13th Dist. Candidates Talk NAFTA, Ebola During Springfield Debate
        * Attorneys Due In Court For Quinn Hiring Lawsuit
        * Small Campaign Contributions Amount To Chump Change
        * Civic Fed: Lawmakers Once Again Taking Illinois Down Bad Budget Path
        * Cheddar's Leaves Springfield WUIS-SJR Business Report
        * Area Cub Scouts Burned In Explosion
        * Notes On The Final Governor Debate


        * George Will: In Kentucky, a constitutional moment
        * Sun-Times political reporter resigns following Rauner complaint
        * Minimum wage hike supporters urge early voting
        * Federal judge orders court-appointed monitor for IDOT hiring
        * Our Opinion: Choice for Illinois comptroller comes down to experience
        * Rep. Raymond Poe to undergo stem cell transplant
        * Bill Clinton campaigns for Quinn, Durbin
        * Joanna McQuillan Weeks: Cheese balls deserve more respect
        * Our Opinion: White, Madigan for another term
        * Quinn, Rauner spar over jobs, taxes


        * Regional HS Soccer: Danville vs. Urbana
        * Rotaract Club hosting Halloween Fun Run
        * Municipal court notes
        * Artist to sell glass pumpkins
        * (No heading)
        * A smashing good time (but don’t smash pumpkins without OK)
        * OSF, Advocate prepare for Ebola patients
        * Scott Air Force Base sergeant finishes third on 'Wheel of Fortune'
        * Belleville teen reported missing
        * Sports Talk 10-22-14


        * Roskam: Feds may help fund W. Chicago thorium cleanup
        * Oberweis, Durbin go into -- and leave -- debate swinging
        * Dold, Schneider sling mud during last TV debate
        * U.S. to track everyone coming from Ebola nations
        * Jacobs hoping its Halloween treat is a playoff game

        * Patrick Cannon defense strategy rare but n...
        * Feds fine Jesse Jackson Jr.'s campaign com...
        * Ex-Congressman Jesse Jackson Jr. faces sen...
        * Representative Jan Schakowsky Sends Letter...
        * Rep. candidate pushes to uphold marriage b...
        * Reps. Schakowsky and Waxman Introduce Bill...
        * Statement by Representative Jan Schakowsky...
        * U.S. House Passes Resolution Condemning An...
        * FAA Rejects Call For New O'Hare Noise Stud...
        * Representatives Quigley, Duckworth, Schako...

        * McConnell seeks clean slate for Republican......
        * U.S. Senator debate...
        * VP says Democrats working to protect middl......
        * Vice President Joe Biden to return to Illi......
        * Durbin, Oberweis face off in 1st US Senate......

        * Officials continue push for funds to clean......
        * Online Marketplace for Sex Led Indiana Ser......

        * The College Football Report: Jameis State
        * Chicagoetry: Sixteen Movies Ago
        * More Details About Decatur Classical School's Possible Move To Uptown
        * New poll numbers for Illinois congressional races
        * McKinney’s “Why I quit” gone from Facebook. But here it is.
        * Electing school boards.
        * Waukegan update. End the curfew.
        * Stand for Children PAC supports SB16, donates to both Dems and Republicans
        * New Polls: Illinois legislative races
        * Where's Weyermuller? Breakfast with Ted Cruz and Chicago GOP


        * TV Breaking News: Ethics blow for Pat Quinn
        * Federal judge deals Quinn ethics blow on IDOT patronage hiring
        * Rauner Statement on Federal Hiring Monitor at IDOT
        * Governor Quinn Announces Ebola Task Force - Group of Healthcare Experts to Advise State on Ebola Response Efforts
        * New TV Ad: Endorsed




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