Capitol Fax.com - Your Illinois News Radar » No big money from the Griffins this fall?
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
* Rauner issues executive order barring legislators from representing clients at PTAB
* Kennedy: Limit top progressive income tax rate to less than 6 percent
* Question of the day
* Next week's House session cancelled
* *** UPDATED x2 - Pritzker "Did Chris Kennedy Just Endorse Bruce Rauner?" - Kennedy campaign tries to explain *** Kennedy says Rauner "should be applauded" for "trying to do what he thinks is best for the state of Illinois"
* Sen. Donne Trotter retires
* Illinois payrolls were up just 0.5 percent last year
* Vitriol continues in Durkin's primary race
* *** UPDATED x1 *** Judge clears courtroom in Rauner lawsuit hearing
* You can't "fully inform" voters without money
* State agrees to a $400 million consent decree
* Rate Prizker's new online ad
* Rauner gets another property tax press pop
* Emanuel pokes Rauner over Amazon comments
* Rauner's new Pritzker ad cost just $11,900
* Kennedy unveils health care plan
* Gov. Rauner gets his own blog
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's stories

Support CapitolFax.com
Visit our advertisers...

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

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

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

...............
<


Loading


* Illinois governor to air advert of rival, Blago.....
* Gutierrez slams Kennedy's praise of Rauner - Wi.....
* Still pumped for Trump in Southern Illinois: On.....
* SWEET: Will Women’s March spur Democratic turno.....
* Rauner goes after Madigan's other job - The Sta.....
* Statehouse Insider: Rauner goes after Madigan's.....
* Statehouse Insider: Rauner goes after Madigan's.....


* Thousands protest Trump at Illinois women's marches
* $1.9M in Mellon Foundation grants aid UIC humanities studies
* The Latest: Thousands protest Trump at Illinois marches
* Schools test approach that lets students learn at own pace
* Chicago police shoot man officers say was attacking woman
* Metra fares, service cuts coming in February
* EXCHANGE: Few shelters from cold for suburban homeless
* EXCHANGE: Cannery now handles weddings instead of pumpkins
* Serial stowaway arrested again at Chicago's O'Hare airport
* Former teacher sentenced to prison in child porn case

* Rauner order bars lawmakers from property-tax appeals
* Outdoor sports participants hoping for larger cut in farm bill
* U of I trustees approve 4th-straight tuition freeze
* Rauner to air extended ad of Pritzker, Blagojevich on wiretap
* Mendoza to keynote Women's March Saturday in Springfield
* Chicago mayor vows to step up Amazon second headquarters bid
* Under the Dome Podcast: More Blago-Pritzker talk, Rauner confirms Duke is racist
* U of I withdrew 35 job offers after background checks
* Frerichs: Can't get tax break for using college savings plan on private K-12 tuition
* Illinois governor to air extended ad of rival, Blagojevich on wiretap

* What you need to know about the L.A. Times 'frat-boy executive' scandal
* Law firms' 2018 resolution: Less paper
* Could this company become Chicago's own Salesforce?
* Manufacturers discover marketing
* In Chicago, does the new tax law mean a bonus?


* Blackhawks overrun by Islanders in second straight abysmal effort
* MAP: Chicago weekend shootings tracker for Jan. 19 – 22
* 2 dead, 10 wounded in Chicago weekend shootings
* SWEET: Will Women’s March spur Democratic turnout in mid-term elections?
* Man grazed by bullet on Green Line train on South Side
* Geysers yes, Ellis Island no; as shutdown begins, some U.S. parks open, some not
* 5-year-old girl, 30-year-old woman wounded in Hanson Park shooting
* Hawks teach Bulls lesson in art of tanking
* Report: Patriots QB Tom Brady will start in AFC championship game vs. Jaguars
* 2 wounded in Heart of Chicago shooting


* What a federal government shutdown means in Chicago
* Kingpin who smuggled ivory tusks and rhino horns for years finally caught: police
* Man charged with arson, battery of police officer after CTA 'L' car fire causes $10K in damage
* As women march a year after Trump's election, his approval with some men grows
* 1 killed at Red Line station bus stop, 1 wounded on Green Line among 7 shot in Chicago
* Lauri Markkanen slams highlight Bulls' 113-97 win over Hawks
* 61 percent of Gary children in charter, private schools: report
* Geysers yes, Ellis Island no: Some U.S. parks open, some not
* Erik Gustafsson hopes patience pays off with Blackhawks
* GOP congressman ordered to repay taxpayer funds used to settle misconduct claim


» Chicago Schools Chief: Cost A Driver In Special Ed Overhaul
» One Year Later, Women’s March Demands More Than Attendance
» State Week: Education Funding, Pritzker-Blagojevich, Rauner-Duke
» Sheriff Offers To Help Review Police Shootings In Suburban Cook County
» A Prescription For Fruits And Veggies: One Solution To Food Insecurity in Illinois
» A Call For Transparency
» 2 Illinois Governor Candidates Spend $26M In Last 3 Months
» State Board of Education: Double School Funding Now
» Lawmakers Demand Fast Internet For Rural Schools
» 2 Dreamers Discuss Helping Other Immigrants Amid Uncertainty


* Rauner goes after Madigan's other job
* Madeleine Doubek: May we better value journalism and the journalists
* Our View: Springfield needs more than a cautious plan for Y block
* Statehouse Insider: Rauner goes after Madigan's other job
* UIS Perspectives: Public affairs internships lead to success
* Petty, Davidsmeyer both decry anti-Petty calls
* Ed Rogers: High stakes for Trump at the World Economic Forum
* Scott Reeder: Formula for political success is to listen to voters
* Rauner order bars lawmakers from property-tax appeals
* Outdoor sports participants hoping for larger cut in farm bill


* Duckworth says it's Trump who doesn't care about military, not Dems
* 2018 News-Gazette editorial cartoons
* Kyle Emkes: Autograph hunter
* Democrats, GOP dodge blame for shutdown
* Janet E. Konecky
* Still pumped for Trump in Southern Illinois: One year in, local voters voice support for president
* Local residents talk race one year into Trump presidency; some optimistic about future
* PHOTOS: Warrensburg-Latham Rallies Around Couple With Cancer
* Several hundred attend Women's March in downtown Carbondale
* Danville man dies in I-74 crash


* Hampshire upends Crystal Lake Central
* Carrick caps comeback in 3rd, Maple Leafs beat Senators 4-3
* Addison Trail gets the roll against Hinsdale South
* Grammar Moses: Don't disrespect 'disrespect,' but steer clear of 'moist'
* Burlington Central tops South Elgin for 5th straight win

* Letter: Talk to tax preparer about GOP tax...
* Our view: End patronage at Algonquin Towns...
* Letters to the editor: Election commission...
* Subcommittee on Financial Institutions and...
* Lawmakers back renaming Warrenville post o...
* Teacher raised in Yorkville running agains...
* Suburban Democrats line up to challenge Ro...
* This RSS feed URL is deprecated
* Bipartisan Illinois criticism follows Trum...
* Shutdown Stalemate As Immigration Negotiat...

* This RSS feed URL is deprecated...
* From Durbin to Schumer, Democrats dangerou......

* This RSS feed URL is deprecated...
* Tammy Duckworth snaps at 'draft dodger' Tr......
* Duckworth rips Trump as 'Cadet Bone Spurs'......

* Sketchbook.
* Napkin sketch.
* #RAW25
* Thank you Sen. Donne Trotter
* Chance The Rapper Visited Uptown Last Night
* “Chicago” West?
* Donald Trump And The Rhetoric Of Dictators
* The Beachwood Radio Sports Hour #184: Bell & Bulls, Vic & Vikes, Corey's Confusion
* Thorner/O'Neil: Social Engineering: Transferring Parental Control of Children to Teachers
* 7 members of Illinois Congressional delegation co-sponsor Born Alive measure


* Illinois Awarded Funds to Offer Advanced Training on Detecting Impaired Driving
* Illinois EPA Announces Upcoming Household Hazardous Waste Collection Events
* IEMA Highlights Emergency Preparedness for People with Access and Functional Needs in May - Ready Illinois website offers preparedness tips for people, caregivers
* First Lady Launches Illinois Family Connects
* Governor and Lt. Governor Unveil 2016 Journal of Local Government Shared Service Best Practices

  
* Samsung Galaxy S9 internal change, Razer Project Linda dates & more – Pocketnow Daily
* Women’s March embraces collaborative social app Crunchet
* Portrait Camera App 'Focos' Gains Real Lens Optical Effects and Improved Shooting Mode
* Shell wants to turn smartwatches into smartphones on a wing (or two)
* Gboard goes big on GIF creation in the suggestion bar
* iOS 11 is now on 65 percent of devices
* FCC sees US variants of Nokia 6 (2018) or Nokia 7

* Getting ready for Soxfest 2018
* White Sox seeking new flagship radio home
* Engel working to steady barrel in Year 2
* WLS parent company looking to end White Sox radio deal
* Inbox: Who replaces Rodon in the rotation?
* 2018 South Side Sox Hall of Fame Ballot
* With maturity comes lofty expectations for Eloy


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

Archives
January 2018
December 2017
November 2017
October 2017
September 2017
August 2017
July 2017
June 2017
May 2017
April 2017
March 2017
February 2017
January 2017
December 2016
November 2016
October 2016
September 2016
August 2016
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




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