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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Elroy Jetson who wrote (253958)6/14/2010 12:19:35 AM
From: joseffyRead Replies (1) of 306849
 
At least poor Rahm does get a few perks:

The ties that bind. Remember Rahm Emanuel's rent-free D.C. apartment? The owner: A BP adviser

June 7, 2010
latimesblogs.latimes.com

In case you were tempted to buy the faux Washington outrage at BP and its gulf oil spill in recent days, here's a story that reveals a little-known corporate political connection and the quiet way the inner political circles intersect, protect and care for one another in the nation's capital. And Chicago.

We already knew that BP and its folks were significant contributors to the record $750-million war chest of Barack Obama's 2007-08 campaign.

Now, we learn the details of a connection of Rahm Emanuel, the Chicago mayoral wannabe, current Obama chief of staff, ex-representative, ex-Clinton money man and ex-Windy City political machine go-fer.

Shortly after Obama's happy inaugural, eyebrows rose slightly upon word that, as a House member, Emanuel had lived the last five years rent-free in a D.C. apartment of Democratic colleague Rep. Rosa DeLauro of Connecticut and her husband, Stanley Greenberg.

For an ordinary American, that would likely raise some obvious tax liability questions. But like Emanuel, the guy overseeing the Internal Revenue Service now is another Obama insider, Tim Geithner, who had his own outstanding tax problems but skated through confirmation anyway by the Democratic-controlled Congress.

Remember this was all before the letters BP stood for Huge Mess. Even before the Obama administration gave BP a safety award.

Now follow these standard Washington links if you can:

Greenberg's consulting firm was a prime architect of BP's recent rebranding drive as a green petroleum company, down to green signs and the slogan "Beyond Petroleum."

Greenberg's company is also closely tied to a sister Democratic outfit -- GCS, named for the last initials of Greenberg, James Carville, another Clinton advisor, and Bob Shrum, John Kerry's 2004 campaign manager.

According to published reports, GCS received hundreds of thousands of dollars in political polling contracts in recent years from the Democratic Congressional Campaign Committee.

Probably just a crazy coincidence. But you'll never guess who was the chairman of that Democratic Congressional Campaign Committee dispensing those huge polling contracts to his kindly rent-free landlord.

-- Andrew Malcolm
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