Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

UpInArms

(51,284 posts)
Sun Oct 27, 2019, 07:48 AM Oct 2019

Forbes: At Least 20 Billionaires Behind 'Dark Money' Group That Opposed Obama

A nonprofit group with a bland name, Americans for Job Security, spent $5 million supporting Republicans in the 2010 midterms and $15 million denouncing former President Obama in the 2012 election, but until this week, the group never had to file disclosures showing where its money was coming from.

“This is the first time in the Citizens United-era that a dark money group was forced to disclose their donors in a certain time period,” said Jordan Libowitz, a spokersperson for nonprofit watchdog group Citizens for Responsibility and Ethics in Washington, referring to the 2010 Supreme Court case that wiped away previous restrictions on political spending.

Americans for Job Security had previously claimed it was not a political organization and therefore did not have to disclose its donors. But after years of litigation, CREW convinced the Federal Election Commission otherwise. AJS filed a list of its backers and beneficiaries from 2010 to 2012 on Thursday.

The biggest individual donor to the group appears to be Charles Schwab, the brokerage titan worth an estimated $7.8 billion. Over the span of three months in 2012, he donated nearly $9 million. Gap cofounder Doris Fisher—along with her sons Robert, John and William—gave another $9 million.

...snip...

The new FEC filing shows billionaire donors from around the country. The late Republican megadonors Richard and Helen DeVos gave $1 million to the group in October 2012. Texas oil-and-gas billionaires Richard Kinder, Dan Wilks, Farris Wilks and late Houston Texans owner Robert McNair were also among the donors that year. Others include Dennis Washington of Montana, who got rich in mining and railroads, and Leon Black of New York, who cofounded private equity giant Apollo. WWE chief executive Vince McMahon donated, along with his wife Linda McMahon, who Donald Trump later appointed to his cabinet.

https://www.forbes.com/sites/michelatindera/2019/10/26/at-least-20-billionaires-behind-dark-money-group-that-opposed-obama/amp/

I hope the devil is dancing with Scalia for his part in destroying our country ...

7 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
Forbes: At Least 20 Billionaires Behind 'Dark Money' Group That Opposed Obama (Original Post) UpInArms Oct 2019 OP
The 20 billionaires; reminds me of the attempted coup of FDR, as per empedocles Oct 2019 #1
Extreme wealth rots most people's souls. democratisphere Oct 2019 #2
What exactly did Obama do that they opposed? Buckeyeblue Oct 2019 #3
Buncha racist, all of em most likey support Trump uponit7771 Oct 2019 #4
Now we need the complete list from the Panama Papers. nt Hotler Oct 2019 #5
Sharp point. May come empedocles Oct 2019 #6
YES! crickets Oct 2019 #7

empedocles

(15,751 posts)
1. The 20 billionaires; reminds me of the attempted coup of FDR, as per
Sun Oct 27, 2019, 08:55 AM
Oct 2019

Smedley Butler. Led by Dupont, Birdseye, et al. [Records of the Congressional Investigation of attempt sealed for 30 years].

Buckeyeblue

(5,499 posts)
3. What exactly did Obama do that they opposed?
Sun Oct 27, 2019, 09:17 AM
Oct 2019

He took an economy that was on the brink of a full blown depression and brought back to life where it thrived. And is doing good considering that Trump has done everything he can to destroy it.

I always ask those that express disdain about Obama what he did that they really don't like. They try to say Obama care caused healthcare to go up. But healthcare was already crazy expensive. I find that people can't really pinpoint one thing. Which leads me to think it was because he was black.

Latest Discussions»General Discussion»Forbes: At Least 20 Billi...