Chicago Olympic Committee Members Bundled Nearly $2M For Obama Campaign

digg Share this on Facebook Huffpost - Chicago Olympic Committee Members Bundled Nearly $2M For Obama Campaign stumble reddit del.ico.us RSS


First Posted: 10- 1-09 10:06 AM   |   Updated: 10- 1-09 11:44 AM

What's Your Reaction?
International Olympic Committee

As President Barack Obama gets set to travel to Copenhagen Thursday night to make the case that Chicago should host the 2016 Olympics, good government groups are torn over how to handle the presidential sales pitch.

After all, the moneyed interests behind Chicago's bid -- who bundled nearly $2 million for Obama's 2008 presidential campaign -- are hard to ignore and they raise the specter of influence-peddling that reformists are dedicated to fighting.

Chicago 2016 committee and board members bundled at least $1.95 million for the campaign, according to a review of campaign finance records by the Huffington Post. Two members of the 13-member board of directors for the Chicago bid are close Obama allies. One of those two, the president's golfing buddy and close confidant, Marty Nesbitt, inherited the board position after Valerie Jarrett, left to become a senior Obama adviser.

The campaign donations and close friendships have raised eyebrows among good government advocates. Would Obama have gone to Copenhagen if, say, the potential host city was St. Louis and committee members hadn't opened up their check books for the president's run at the White House?

"I think it would be a lot less likely he would make that trip," said David Arkush, the director of Public Citizen's Congress Watch Division. "Supporting an effort for a major city in the U.S. to get the Olympics is a no-brainer... But the bottom line is, when you've got a group of that many people sitting on the board who have supported your campaign, it would be basically impossible to avoid that affecting your thinking. At some point, political judgments have to be made about how the president spends his time."

And yet, even Arkush admits that evidence of influence-peddling isn't so cut and dried. For starters, the Chicago 2016 board members aren't the only ones who would benefit from a winning bid. The economic ripple effects would extend well beyond the Windy City. According to Time magazine: "Estimates for the economic stimulus of the Games vary widely, from $4.4 billion in an independent study by Anderson Economic Group to $22.5 billion." As the White House has stressed throughout the week, the president could be considered derelict in his duties if he didn't push for this job-growth bonanza.

But even if the Copenhagen jaunt is a case of mutual - not conflicting - interests between Obama and his bundlers, good government groups are skeptical. Sheila Krumholz, executive director of the Center for Responsive Politics, remained suspicious, admitting that the trip was "emblematic of donors and candidate's shared goals."

"If these Chicago businesspeople stand to benefit financially from an Olympic bid and if his intercession helps them win it, it stands to reason that President Obama will be better placed to tap that goodwill (not to mention increased fortunes) in 2012," she said.

Story continues below
advertisement

"Mostly I think it's a "chicken or an egg" thing," she added. "Undoubtedly, these donors have access to push for presidential action that others don't. No doubt in my mind. That doesn't necessarily mean that's what's at play here."

The White House did not return several requests for comment from the Huffington Post. But in briefings throughout the week, spokesman Robert Gibbs has stressed that there was nothing untoward about the president's hometown sales pitch. Noting that none of the bundlers are traveling with Obama to Copenhagen, Gibbs also reminded reporters that Chicago's efforts to win the games started well before the president took office.

"I don't think that there's any doubt that the president is enormously proud of Chicago and would be enormously proud of the city hosting the bid," said Press Secretary Robert Gibbs. "If it had been Los Angeles, I think the notion that the president would have done less because it was a different U.S. city just doesn't hold water."

Pressed to respond to Republican criticism that Obama was taking his eye off of domestic politics in order to do a favor for his Chicago friends, Gibbs' rejoinders have been even more biting. "Who is he rooting for?" the press secretary replied, when asked about RNC Chairman Michael Steele's critique of the Copenhagen trip. "Is he hoping to hop a plane to Brazil and catch the Olympics in Rio? Maybe it's Madrid?"

Playing the 'love-of-country' card is, as the White House surely knows, effective politics. And, indeed, Republicans have gained little traction in their efforts to extract political blood over the Olympic pitch trip. It also explains why Obama isn't likely to take much of a hit from the good-government community.

"You know, it's the Olympics," said David Donnelly, director of its Campaign Money Watch project for Public Campaign. "Everybody loves the Olympics and wants them here. I'm going to step out of character and take off my reform hat and not worry about why Obama is pitching his hometown as the site of the Olympics. If you were the most powerful man in the world and you could do this, wouldn't you (regardless of the host committee)?"

* * * * *

Below is a list of Chicago 2016 committee and board members who, according to Public Citizen's "White House For Sale" website bundled for the 2008 Obama campaign.

Martin H. Nesbitt
The Parking Spot
Bundler for Barack Obama, raised at least $ 50,000 2008

John W. Rogers Jr.
Ariel Capital Management Inc.
Bundler for Barack Obama, raised at least $500,001

Michael Alter
Alter Group
Bundler for Barack Obama, raised at least $ 50,000

Robert Blackwell
Blackwell Consulting Services
Bundler for Barack Obama, raised at least $100,000

Peter Bynoe
DLA Piper
Bundler for Barack Obama, raised at least $100,000

Frank Clark
Commonwealth Edison
Bundler for Barack Obama, raised at least $200,001

Robert Clifford
Clifford Law Offices
Bundler for Barack Obama, raised at least $ 50,000

Tom Cole
Sidley Austin LLP
Bundler for Barack Obama, raised at least $ 50,000

Kenneth C. Griffin
Citadel Investment Group
Bundler for Barack Obama, raised at least $ 50,000

Mellody Hobson
Ariel Capital Management Inc.
Bundler for Barack Obama, raised at least $100,000

Penny Pritzker
Hyatt/Pritzker Realty
Bundler for Barack Obama, raised at least $200,001

James Reynolds
Loop Capital Markets
Bundler for Barack Obama, raised at least $200,001

Michael Sacks
Grosvenor Capital Mgmt
Bundler for Barack Obama, raised at least $100,000

Louis B. Susman
Citigroup Corporate and Investment Banking
Bundler for Barack Obama, raised at least $200,001

As President Barack Obama gets set to travel to Copenhagen Thursday night to make the case that Chicago should host the 2016 Olympics, good government groups are torn over how to handle the presidenti...
As President Barack Obama gets set to travel to Copenhagen Thursday night to make the case that Chicago should host the 2016 Olympics, good government groups are torn over how to handle the presidenti...
Report Corrections
 
Comments
289
Pending Comments
0
iPhone App Promo

Want to reply to a comment? Hint: Click "Reply" at the bottom of the comment; after being approved your comment will appear directly underneath the comment you replied to

View Comments:
Page: 1 2 3 4 5 6 7 Next › Last » (7 pages total)
- mergina I'm a Fan of mergina 90 fans permalink
photo

Ka-ching is what makes the political world go around. Ka-ching is why they get into politics in the first place. Ka-ching is all they work for while they are in office. Ka-ching is all they work for once out of office. Yep, Ka-ka-ka-ching is what makes their world go around, for sure.

    Favorite    Flag as abusive Posted 05:36 PM on 10/03/2009
- BocaMom I'm a Fan of BocaMom 17 fans permalink

What a waste of money and time.

    Favorite    Flag as abusive Posted 01:13 AM on 10/03/2009
- Bobbygoode I'm a Fan of Bobbygoode 46 fans permalink

Such a big help you are, Sam.

    Favorite    Flag as abusive Posted 01:42 PM on 10/02/2009
photo

HaHaHa! I guess your assumptions of improprieties were wrong folks. Glad for Brazil and I thank my President for going to Denmark. I stand behind this man 110%. We are blessed to have you as a statesman for the US of A. Thanks to all that went to Denmark in support of our great country.

Brazil in 2016, here I come.

    Favorite    Flag as abusive Posted 01:40 PM on 10/02/2009

Would Obama have gone to Copenhagen if, say, the potential host city was St. Louis and committee members hadn't opened up their check books for the president's run at the White House?

A straw man argument from Sam Stein? Sam you are so much better than that.

    Favorite    Flag as abusive Posted 10:16 AM on 10/02/2009

Yeah so...Chenn­ey used to run Haliburton­..

    Favorite    Flag as abusive Posted 09:10 AM on 10/02/2009
- Lemmy I'm a Fan of Lemmy 19 fans permalink

Corruption we can believe in.

    Favorite    Flag as abusive Posted 08:22 AM on 10/02/2009

Imagine community leaders of Chicago or any city working to help each other out. Wow.

    Favorite    Flag as abusive Posted 08:21 AM on 10/02/2009
- gbee I'm a Fan of gbee 22 fans permalink
photo

Good for them AND him - it's a win win!

    Favorite    Flag as abusive Posted 03:51 AM on 10/02/2009
photo

"Get out!"

    Favorite    Flag as abusive Posted 12:27 AM on 10/02/2009
- dems08 I'm a Fan of dems08 181 fans permalink
photo

so?

    Favorite    Flag as abusive Posted 12:10 AM on 10/02/2009
- Daniboy I'm a Fan of Daniboy 19 fans permalink

Follow the money to be made-who owns the property where the village will be built? Bethcha a little bit of graft will be going on!

    Favorite    Flag as abusive Posted 11:52 PM on 10/01/2009
- billobasher I'm a Fan of billobasher 107 fans permalink

Getting the Olympics to Chicago will created hundred of long term jobs starting almost the day after they are awarded the games. Chicago will make millions more off of tourisim because they are getting the Olympics. There is much more economic benefit to this than just the two weeks of the games.

Also, Chicago has the hotels and the facilities to do this without building new stadiums. THis is a win win for Chicago. The only reasons why Republican''s oppose this is because if Chicago does not get it, Obama will look bad.

    Favorite    Flag as abusive Posted 11:49 PM on 10/01/2009
photo

Actually a better city would be Detroit. Think about it.

    Favorite    Flag as abusive Posted 12:45 AM on 10/02/2009
- Lemmy I'm a Fan of Lemmy 19 fans permalink

"At least four (Sydney, Montreal, Barcelona and Athens) are still paying off debt taken on to finance the games, due mainly to splurging on sports venues that don't have much after life. While Atlanta's Turner Field is now home to baseball's Braves, Sydney's SuperDome, has plunged into receivership. Sydney taxpayers shell out $100 million annually for upkeep on a new rail system that hasn't been heavily used since the 2000 Olympics, while Barcelona is populated with a host of arenas left over from 1992 that now sit mostly empty. Athens, meanwhile, laid out $12 billion to bring the Games "back to their roots" in 2004, a whopping 5% of Greece's GDP. Upkeep on venues built for baseball, basketball and other sports carries a $100 million annual price tag, and a $144 million sailing facility now goes mostly unused."

Forbes

    Favorite    Flag as abusive Posted 08:28 AM on 10/02/2009
- Disdain I'm a Fan of Disdain 10 fans permalink
photo

Why did you have to brings economics to the pay back fest. You can always count on the president to pay his debt. The unions backed him and he paid them back by giving them ownership of GM an Chrysler, two privately held companies. The Chicago Olympic committee shelled out 2M for his campaign and he's spending millions of taxpayer's dollars to travel to Copenhagen to back their aspiration. I just wish he had the same drive when it came to the national debt!

    Favorite    Flag as abusive Posted 10:34 AM on 10/02/2009
- Lemmy I'm a Fan of Lemmy 19 fans permalink

Lori Healey, formerly the mayor’s chief of staff and now the president of the Chicago 2016 bid committee, told aldermen today that the city would be paying for the proposed Olympic Village with TIF dollars. “If the city is selected to host the 2016 Summer Games, it will carve out a new TIF district from the existing Bronzeville TIF to help fund new roads, sewers, and other infrastructure needed for the Olympic Village,” she said, according to an article in Crain’s.

TIF dollars are property taxes that could be spent on schools, parks, police, fire, or antipoverty programs. Or it’s a tax that they might never have made you paid for in the first place.

    Favorite    Flag as abusive Posted 08:29 AM on 10/02/2009
- billobasher I'm a Fan of billobasher 107 fans permalink

Mountains out of a molehill. A lot of peopel bundled money for both Obama and McCain.

    Favorite    Flag as abusive Posted 11:45 PM on 10/01/2009
photo

As the bots love to say, "Follow the money."

Valerie Jarrett I'm sure would make a fortune over this.

    Favorite    Flag as abusive Posted 11:33 PM on 10/01/2009
- billobasher I'm a Fan of billobasher 107 fans permalink

Fox News LIED to you. Valerie Jarret is making nothing through the Olympics. That was debunked yesterday. I guess Sean never told you.

    Favorite    Flag as abusive Posted 11:46 PM on 10/01/2009
- Lemmy I'm a Fan of Lemmy 19 fans permalink

Not debunked, but thanks.

    Favorite    Flag as abusive Posted 08:22 AM on 10/02/2009
- EWeiss I'm a Fan of EWeiss 44 fans permalink

And when it turns out she won't, you'll be after the next scalp. hoping nobody remembers.

    Favorite    Flag as abusive Posted 11:57 PM on 10/01/2009
Page: 1 2 3 4 5 6 7 Next › Last » (7 pages total)
Comments are closed for this entry

 You must be logged in to comment. Log in  or connect with 

Connect