Chicago mayor follows in his former bosses footsteps by funneling taxpayer funded contracts to donors
Before he became the Mayor of Chicago, Rahm Emanuel was Chief of Staff for President Barack Obama during his first term in office. ¬†And like most Chicago politicians they carried the ideology of pay to play with them to Washington.
Newly released emails show that, contrary to White House claims, a major donor to President Barack Obama pushed for a loan to a solar energy company that later went bankrupt. The donor, George Kaiser, pushed White House and Energy Department officials for a second loan for Solyndra Inc. last year, after the California company had already received a $528 million loan in 2009, the emails show. –¬†Miami Herald
Now several years later, a new report out on Mayor Rahm Emanuel has surfaced that shows his use of pay to play has not only gone well beyond what Barack Obama did during his time at the White House, but it is being estimated that 70% of all political donors to his coffers received some form of taxpayer funded benefit.
After reviewing more than 500 contributions made to Chicago Mayor Rahm Emanuel of at least $5,000 since July 2015, the¬†Tribune reports today that nearly 70% of them came from people who have received, or are seeking, lucrative contracts with City Hall.¬†¬†Frankly, we are¬†‘shocked.’
As Mayor Rahm Emanuel ramps up his campaign fundraising toward a possible third term, he continues to rely on donors who have received City Hall benefits, ranging from contracts and zoning approvals to appointments and personal endorsements from the mayor, the Chicago Tribune has found.
With the February 2019 mayoral election still a year and a half away, Emanuel has collected $3.1 million in high-dollar contributions.¬†And more than $2.1 million of it ‚ÄĒ nearly 70 percent ‚ÄĒ has come from 83 donors who have benefited from actions at City Hall.
Among the contributors:¬†law firms seeking approval for their clients’ projects or lucrative bond business for themselves, developers needing City Hall permission to build here, an events promoter negotiating the financial details of a major music festival and restaurateurs wanting coveted space at Chicago’s airports. –¬†Zerohedge
Whether it was during the 1930’s when Al Capone ruled Chicago and had nearly all public officials bought off, or during the heyday of the Daley machine where politics and payola were intrinsically linked between Mayor and Unions, corruption is a part of life in the Windy City. ¬†And if you aren’t willing to sell your soul for profit, even if it means sometimes that you might have to go to jail (Blagojevich), then don’t even bother running for office because you aren’t equipped to function in the cesspool that is Chicago politics.
Kenneth Schortgen Jr¬†is¬†a writer for¬†The Daily Economist,¬†Secretsofthefed.com,¬†Roguemoney.net, and¬†Viral Liberty, and hosts¬†the popular¬†youtube podcast¬†on Mondays, Wednesdays and Fridays.¬†Ken can also¬†be heard Wednesday afternoons giving an weekly economic report on the¬†Angel Clark radio show.