Capitol - Your Illinois News Radar » *** UPDATED x2 - ILGOP, Biss respond *** Big money, big investments for Kennedy and Pritzker
SUBSCRIBE to Capitol Fax      Advertise Here      Mobile Version     Exclusive Subscriber Content     Updated Posts    Contact
To subscribe to Capitol Fax, click here.
*** UPDATED x2 - ILGOP, Biss respond *** Big money, big investments for Kennedy and Pritzker

Thursday, Nov 30, 2017

* Sun-Times

Big Tobacco. Big Oil. Casinos. The largest defense contractor in the world. And the developer of the Dakota Access Pipeline.

Those are just some of the hundreds of investment portfolio areas Democrats J.B. Pritzker and Chris Kennedy list as part of paperwork they were required to file to run for governor.

The disclosure form — aimed at transparency — gives information about entities and investments. But it doesn’t provide full financial disclosure, including how much money is involved or other details.

Kennedy, a businessman and son of former U.S. Sen. Robert F. Kennedy, listed companies linked to defense, tobacco and oil interests among the hundreds he named in the economic interest statement he filed Monday with the Illinois secretary of state.

Kennedy’s listings included shares in Philip Morris International, the nation’s largest cigarette manufacturer and part of the 1998 court settlement tobacco companies reached with the attorneys general of 46 states over public health concerns. […]

Pritzker’s extensive filing — 10 pages of hundreds of stocks, mutual funds partnership and membership interests — shows a partnership interest in Energy Transfer Partners LP, a pipeline operator that constructed and is a part-owner of the Dakota Access Pipeline, which carries oil underground from North Dakota all the way to an oil tank farm near Patoka, Ill.

Click here for Kennedy’s statement of economic interest, click here for Pritzker’s and click here for Biss’ (nothing really there).

*** UPDATE 1 *** Biss campaign…

“JB Pritzker and Chris Kennedy’s financial disclosures perfectly encapsulate why we should be skeptical of billionaire businessmen who say they’ll fight for us—and why we need to see full tax returns to better understand their financial interests,” says Biss campaign manager Abby Witt. “How can we trust someone invested in the Dakota Access Pipeline to stand against big oil once in office? Someone invested in our nation’s largest cigarette company to work to curb teen smoking? Someone invested in fracking to keep fracking out of our state? The revelations of these financial disclosure forms, a legally-required bare minimum standard of transparency, raise serious doubts in my mind—and make me wonder what they’re still hiding.”

J.B. Pritzker’s mouth is writing checks even his wallet can’t cash.

In yesterday’s Chicago Sun-Times report, it was revealed that Pritzker continues to hold investments in industries that don’t line up with his own rhetoric.

From the Sun-Times:

    “Pritzker’s extensive filing — 10 pages of hundreds of stocks, mutual funds partnership and membership interests — shows a partnership interest in Energy Transfer Partners LP, a pipeline operator that constructed and is a part-owner of the Dakota Access Pipeline, which carries oil underground from North Dakota all the way to an oil tank farm near Patoka, Ill.

    ” … Pritzker also has a partnership interest in Niagara Casino Group, LP and a stock in A.N.P. Gaming Corporation. The Pritzker family has part ownership of the Grand Victoria Casino in Elgin. Pritzker, too, invests in big oil, with stocks in Exxon Mobil Corp. and Chevron Corp.”

But just last month at a Sierra Club Forum, Pritzker repeatedly proclaimed the ‘evils of fossil fuels,’ saying things like:

    “We’ve got to stand up to them. Our endeavor must be to say no when they say it’s ok if we pollute the air and make it harder to breath to stand up for the profits of the fossil fuel industry.”

    “This idea of profits over people we have to do away with.”

    “I believe we need that clean energy technology here in Illinois… in order to get to that 100% clean energy goal.”

Watch HERE.

Pritzker continues to lie to Illinoisans, regardless of their party preference. Pritzker’s incessant hypocrisy is proof that he is the wrong choice for Illinois.

- Posted by Rich Miller        

  1. - The Captain - Thursday, Nov 30, 17 @ 11:01 am:

    I’d like to file a formal complaint against Sen. Biss for plagiarizing my Statement of Economic Interest.

  2. - Montrose - Thursday, Nov 30, 17 @ 11:04 am:

    Biss is really heavily invested in this “None” place. I think he needs to diversify.

  3. - People Over Parties - Thursday, Nov 30, 17 @ 11:06 am:

    Hmm, seems contrary to the “progressive” values they claim to espouse..

  4. - 47th Ward - Thursday, Nov 30, 17 @ 11:12 am:

    Did anyone ask Biss why he wants a Governor to stand up to “big oil” and to prevent fracking? Has he been to Patoka? Does he know that a lot of those pipelines end there? Does he have a plan for those lost jobs?

    Look, I get where he’s coming from. If oil prices get above $80 a barrel again, we can talk about how best to regulate fracking. But to simply say no to the possible investment in downstate is to effectively cut off the chance that jobs and recovery will come to a region of our state that desperately needs it.

    We want pipelines and fracking to be as safe as possible. Putting up barriers to prevent them is self-destructive.

  5. - Actual Red - Thursday, Nov 30, 17 @ 11:22 am:

    I think this kind of thing is what the Biss campaign is looking for when it pushes the other candidates to disclose their tax returns. People probably aren’t super pleased to hear about rich guys finding loopholes they themselves don’t get, but I don’t know how much that riles up the average primary voter.

    On the other hand, being able to tie Pritzker and Kennedy to “Big Oil” and “Big Tobacco” definitely can help build support for Biss among the left of the party electorate. If the tax return stuff can push this angle further than the filing paperwork does, it’s a strong play for Biss on his narrow path to the nomination.

  6. - Honeybear - Thursday, Nov 30, 17 @ 11:52 am:

    “Single digits” Biss should keep in mind that second place gets nothing
    But just for giggles let’s say Biss wins the primary because Illinoians rally around his progressive agenda.
    How is Biss going to overcome 150-200 million
    And the vertical integration of media shown on another post?
    Your progressive ideas can’t fund a campaign
    Your progressive ideas will never even be heard as Rauner money currently buys a lot of media.
    second place not only gets you nothing
    It ensures that Labor will be destroyed
    In a second Rauner term
    That’s why I personally have a beef
    With Biss’ progressives
    Their privileged drive towards
    A purer more progressive democratic party
    Avenging Bernie
    Is a direct threat to the very existence of
    My Union.
    Beating Rauner is everything
    AFSCME in my opinion
    Can’t survive another Rauner term.

  7. - Joe Bidenopolous - Thursday, Nov 30, 17 @ 11:55 am:

    Daniel once again proves it’s all about Daniel. Tear down the party and enable a second Rauner term, Daniel. If Daniel can’t win, no Democrat should, right buddy?

    Get a freakin’ message that is more substantive than “other guys are rich, whine whine whine” or please, for the sake of all of Illinois, get out.

  8. - Actual Red - Thursday, Nov 30, 17 @ 12:08 pm:

    Honeybear, I respect what you’re saying. I agree that defeating Rauner is absolutely critical.

    But I think embracing the idea that we should nominate the wealthiest candidate is a dark road to travel down. At the end of the day, JB is a businessman with no experience in government. I just don’t think he’d make a better governor than Biss.

    I also think we shouldn’t look past the fact that their are a lot of negatives that might hurt JB’s chances in the general — the Blago connection, though arguably pretty tenuous, still makes an impact, as does the property tax skulduggery, as do the corporate interests, as does his own less-than-stellar record with organized labor.

    And, I don’t think it’s true that Biss is dead in the water in the general. He’s fundraised respectably so far in the primary, and one would hope that JB’s financial contributions toward a democratic victory wouldn’t end in the (unlikely) event of his defeat in the primary.

    I like JB’s policies and I think he would (and likely will) make a solid governor. But I don’t want to live in a world where only billionaires can get elected. Maybe that’s naive.

  9. - Dan Johnson - Thursday, Nov 30, 17 @ 12:33 pm:

    I definitely like Honeybear’s ee cummings style of posting.

    It’s like a beat poet.

  10. - City Zen - Thursday, Nov 30, 17 @ 12:39 pm:

    Has Biss checked where his GARS pension contributions are invested?

  11. - Yiddishcowboy - Thursday, Nov 30, 17 @ 1:07 pm:

    @Joe B @11:55: Bravo. Well said. Couldn’t agree more.

  12. - David - Thursday, Nov 30, 17 @ 1:51 pm:

    Kennedy explained what his partnership was Chicago real estate. I would be interested in what some of Pritzgers or Rauners do. This sector has surged among the top 1 percent. I think we need to know more about this opaque sector. The stock holdings are a yawn like Biss GARS holdings

  13. - Honeybear - Thursday, Nov 30, 17 @ 1:55 pm:

    Actual Red,
    Complete candor here.
    I have the same concerns about Pritzker. He is untested and an open variable. We just won’t know until he’s in how he will govern.
    But none of the candidates would govern or not govern as it were like Rauner.
    Rauner is following the plan laid out in a book that I’ve almost finished. The One Percent Solution by Gordon Laffer
    Rauner is playing a huge role in this plan.
    I truly believe this plan explains Rauners atypical decisions and lack of governing.
    He is laying the foundation of corpora-economic fascism where the Free Market replaces the state. (My words)
    Having said that you can see that I would have concerns about extreme wealth as well.
    And yet I don’t see JB following the road to corpora-economic fascism. I am more impressed and strangely endeared by him with every contact with him and even campaign.
    But as the Athenians said to the Melians
    The strong will do as they will
    And the weak will suffer what they must
    (Melian Dialogue, Thucydides)
    Nothing usurps the necessity to beat Rauner
    The calculus of who has the best chances
    Is of prime importance.
    From my personal view and that of the AFL-CIO
    It is JB
    His organization is amazing. It should be. He has hired the best. One of them is the best organizer I have ever personally known. I sit at her knee.
    Regardless Biss is tapping into the need to avenge Bernie by progressives. I get that anger and desire.
    Some day God willing
    But we have a choice
    Are we Melians or Athenians
    We can be right and be destroyed
    Or we do the destroying
    Maybe with regrets
    Maybe with the onus to change
    But we live
    The dead don’t get
    Committee meetings

    Dead/destroyed political parties, candidates, contractors, unions, agencies, schools, communities, jobs, industries

    Get nothing
    God grant me the serenity to accept the things I cannot change, courage to change the things I can, and the wisdom to know the difference.

  14. - Veil of Ignorance - Thursday, Nov 30, 17 @ 1:58 pm:

    @Dan Johnson: agree on the Honeybear style…just can’t agree on the content. As to the argument of others here that Biss is helping Rauner, you play to win the game. This primary is a competition that isn’t over until the votes are counted in March. It’s a fair line of attack Biss is taking (based on facts) and Pritzker and Kennedy have an opportunity to respond. More important than the political horse race angle, it raises a key question for voters on how we view extremely wealthy individuals wielding their economic power to obtain even more political power. Is that okay? Are we resigned to that? Tennessee, West Virginia, Minnesota, and Nebraska all have had billionaire governors…this trend will continue but merits a long hard discussion on checks and balances to power.

  15. - Perrid - Thursday, Nov 30, 17 @ 2:09 pm:

    Do we know how much control/input they have in who their money gets invested in? yes it’s their money so they have the final say, but did they decided to invest in tobacco or the pipeline, or was that a business manager or something? I think that would be slightly less hypocritical. Also, making a business decision doesn’t always reflect what you want the world to be, just the way the world is. Those companies make money, like it or not, and so their investors make money. That doesn’t, by default, mean that Kennedy or Pritzker don’t legitimately want to work against those companies in some way. Does make that less likely though.

  16. - Ray del Camino - Thursday, Nov 30, 17 @ 2:11 pm:

    I think if RJ Reynolds or Exxon or pipeline stocks take a hit, JB is going to be just fine. The idea that his principles would be compromised because he owns this or that stock (in a widely diversified portfolio) is silly. A math professor ought to be able to figure that out.

  17. - Anonymous - Thursday, Nov 30, 17 @ 3:34 pm:

    Just watched the video. Ouch! It could provided sound bites for an attack ad. J.B. the environmentalist platform and J.B.’s investment portfolio seem to be at serious odds with each other.

  18. - Arthur Andersen - Thursday, Nov 30, 17 @ 5:17 pm:

    Clever trick by camp JB by not printing anything in alphabetical order or sorting by ownership instrument, making me instantly more suspicious. CK’s got a lot of blue chip stocks, including a few of AA’s top picks lol. Neither appear to be big bond buyers though on JB’s would take a bit to confirm.

  19. - cc - Thursday, Nov 30, 17 @ 11:59 pm:

    Seems supposedly really smart people think it is in the best interest of citizens to allow fracking and oil pipelines placed between the New Madrid and Wabash Valley Seismic Zones. Well, earthquake created Reelfoot Lake does have nice fishing.

TrackBack URI

Sorry, comments for this post are now closed.

* Question of the day
* Here we go again...
* Who raised what in AG race?
* Warning issued over putting medically fragile children in Medicaid managed care
* Schakowsky, Gutierrez endorse Lipinski's Democratic opponent
* Rauner tied to Greitens, Pritzker tied to Blagojevich
* Some states looking for ways around federal tax law
* *** UPDATED x2 - Pritzker, Rauner, RGA respond *** Watch Dem candidates appear at Sun-Times
* Poll: Rauner leads Ives 65-21
* Not the governor's greatest day
* *** UPDATED x1 *** Kennedy needs to dig deeper, but can he?
* The fight for second place
* Group offers possible fix to problems with Rauner's AV
* SUBSCRIBERS ONLY - Today's edition of Capitol Fax (use all CAPS in password)
* Yesterday's stories

Visit our advertisers...






* Chuck Sweeny: Grasso, Mohammad make pitches for.....
* IL Gubernatorial Candidates Spend $26M in Last .....
* Morning Spin: Even after tax hike, Illinois edu.....
* 2 Illinois governor candidates spent $26M in la.....
* $26M spent on gov race in 3 months - Jacksonvil.....
* 2 Illinois governor candidates spend $28M in pa.....

* Rockford mayor says he'll seek limits to home rule powers
* Congresswoman collecting Valentine's Day cards for veterans
* Chicago trader accused of killing friend, dumping body
* Illinois sheriff helping people find opioid antidote drug
* Judge keeping some documents secret in Hastert lawsuit
* Ex-Ataris bassist indicted, accused of telemarketing fraud
* Rock bassist indicted, accused of telemarketing fraud
* Suspect in terror-related case claims 'combatant immunity'
* 2 Illinois governor candidates spend $28M in last 3 months
* Chicago group sues US Steel over Indiana plant's discharges

* 2 Illinois governor candidates spend $26M in last 3 months
* 2 Illinois governor candidates spend $28M in last 3 months
* Statehouse bill would connect rural schools to high-speed internet
* Statehouse bill would connect rural schools to high speed internet
* Education officials want to double state budget for schools
* University of Illinois trustee seat has been empty a year
* Rauner campaign: 'Governor believes David Duke is a racist'
* Rauner defends amendatory veto of school funding bill
* Rauner signs bill to focus on needs of female prison inmates
* Rauner tours Lincoln prison, touts reforms helping female inmates

* Vending machine food that's good for you? Yes, really.
* Here's Latinicity's new sit-down restaurant
* Paul Vallas says he's 'seriously considering' running for mayor
* Poll finds Rauner way ahead of GOP challenger
* Dow set to close above 26,000 for first time

* Emirates throws Airbus A380 a lifeline with $16 billion deal
* All-new Dodge Durango SRT is high-powered 3-row SUV
* ‘Independent’ city watchdog Khan’s secret backer? Right-wing policy group
* 52 people die in bus fire in Kazakhstan
* Man charged with armed robbery in Elgin
* Police: 2 men shot to death in West Woodlawn
* Chicago man injured in northwest Indiana crash
* No one injured in Aurora house fire
* Drunken driver facing multiple charges after crashing into bench in Riverside
* Pair of burglaries reported at South Shore businesses

* Trump pushes back against his own chief of staff over border wall
* 2 killed in South Side shooting mark first shooting deaths in 7 days
* In a crowded Cubs outfield, all have plenty to prove in 2018
* Lawsuit accuses U.S. Steel of polluting Lake Michigan with toxic chromium
* Archdiocese: 5 Catholic schools to close, several parishes merge
* Mother of Brian Urlacher’s son files $125 million defamation lawsuit against former Bears star
* Emanuel won't say whether city should challenge low commercial property assessments
* Spouse shoulders family's financial worries
* Top Chicago women chefs push back against industry's culture of sexual harassment

» 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 Spokesman: 'Governor Believes David Duke Is A Racist'
» Rauner Signs Law To Help Women Behind Bars
» A Poor Neighborhood In Chicago Looks To Cuba To Fight Infant Mortality
» Democratic Candidates In Lockstep At Justice Forum

* 2 Illinois governor candidates spend $26M in last 3 months
* Our View: Focus on cost-cutting, then turn to taxes
* 2 Illinois governor candidates spend $28M in last 3 months
* Statehouse bill would connect rural schools to high-speed internet
* Education officials want to double state budget for schools
* University of Illinois trustee seat has been empty a year
* Rauner campaign: 'Governor believes David Duke is a racist'
* Our View: Dubious tariff endangers newspapers' future
* Byron York: Paul Manafort has a point
* EJ Dionne: Will Trump exhaust our democratic capacities?

* Girl finds fingertip left behind after fatal crash
* Murphysboro City Council votes to pay half for 20th Street asphalt work after excess clean-up required
* Baby boom: Bloomington police officers spark new generation
* Wrong-way crash kills one, injures two near Godfrey
* Services for older adults, unmet needs discussed at forum
* Rick's Six: Above freezing temps, Keys wins, and Moline redevelopment
* Daily Digest: Rotary Club donation
* 2nd wind farm proposed in northern McLean County
* Madison Keys wins again at Australian Open
* Area Calendar 1/18/18

* Wawrinka, Muguruza out in 2nd round, heat soars in Australia
* Dawn Patrol: West Chicago teachers could take strike vote soon
* Congresswoman collecting Valentine's Day cards for veterans
* The Latest: Fourth-seeded Zverev advances at Australian Open
* Installation of solar panels in Goshen surpass expectations

* Sen Dick Durbin: President Trump used 'hat...
* Letter: Talk to tax preparer about GOP tax...
* Hultgren makes strong mark on nation's new...
* Dissident artist Ai Weiwei and US Rep. Ran...
* Subcommittee on Financial Institutions and...
* Lawmakers back renaming Warrenville post o...
* Teacher raised in Yorkville running agains...
* Tioga State Bank president and CEO address...
* Kane County assessor: No guarantee your ta...
* Suburban Democrats line up to challenge Ro...

* This RSS feed URL is deprecated...
* On “The View,” Sen. Dick Durbin defends hi......

* This RSS feed URL is deprecated...
* Net neutrality allies are ready to fight. ......

* Michael Wolff’s Fire and Fury, and the question of when we get to say the hell with the rules
* Kalak is a vodka that drinks like whiskey
* City Council Approves Cappleman-Sponsored Program To House Homeless
* Life In Chicago: Grant Fraud, Boot Bribery & Unnecessary OT
* Can The Winter Olympics Save The World?
* Gutierrez offers Kelly an apology, and all it took was the White House chief of staff implying Donald Trump, misspoke
* At The Illinois Holocaust Museum | Speak Truth To Power
* Happy Anniversary, La Patisserie P!
* Watch a BellyQ bartender make a newfangled old-fashioned using dancing fish flakes
* Activists clash with aldermen over community benefits at Obama Presidential Center hearing, and other Chicago news

* 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

* [Deal] Grab the Honor 9 for just £299 in today’s flash sale
* ‘chaiOS’ bug can break your iPhone’s Messages app and freeze your device with a link
* Implausible rumor calls for Xiaomi Mi MIX 2S MWC launch with iPhone X-inspired notch
* Samsung fully details mid-tier Exynos 7872 SoC with hexa-core CPU and iris camera support
* Twitterrific App Updates Add Haptic Feedback Features and Chronological Threads
* Tim Cook says future iOS update will let users turn iPhone performance throttling off
* Winter iPhone 8 and iPhone X demand forecast to be down

* Collins ranked MLB's No. 9 catching prospect
* With maturity comes lofty expectations for Eloy
* Pirates rebuild not met with enthusiasm
* Moncada guiding Robert during mini-camp
* White Sox announce player development staff
* Robert at ease during Sox hitters mini-camp
* Moncada guiding Robert during mini-camp

Main Menu
Pundit rankings
Subscriber Content
Blagojevich Trial
Updated Posts

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


RSS Feed 2.0
Comments RSS 2.0

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