Cash rewards being paid to congress members who ask Biden to withdraw

[LeftInTX]

Novogratz Boosts Biden Critics as Donors Boycott President

Bloomberg) -- Galaxy Digital LP founder Mike Novogratz and filmmaker Andrew Jarecki are two donors behind a $2 million contribution to Democrats who have called for President Joe Biden to step down as the party’s nominee, the latest sign donors are shifting money away from the presidential ticket.

The donation is from a group of several dozen donors, also including Sessa Capital’s John Petry and hedge-fund manager Neil Chriss and his wife Natasha, to a super political action committee for House Democrats. The funds are earmarked to help vulnerable members who were among the first to say Biden should bow out of the race, according to a person familiar with the contribution.

Those lawmakers risked angering the Democratic National Committee, which is aligned with the Biden campaign, and provides significant financial support to candidates in battleground districts.

The money is slated to bolster Representatives Angie Craig of Minnesota, Marie Gluesenkamp Perez of Washington State, Jared Golden of Maine and Pat Ryan of New York.

https://www.msn.com/en-us/news/politics/novogratz-boosts-biden-critics-as-donors-boycott-president/ar-BB1pQ1Ap

Yesterday's post with more donor info:

https://www.democraticunderground.com/?com=view_post&forum=1002&pid=19136805

https://www.opensecrets.org/search?order=desc&q=John+Petry&sort=D&type=donors

Watch these house and senator members
Money to Candidates PETRY, JOHN
NEW YORK, 10023 FINANCE 04-08-2024 $2,300.00 John Avlon (D) F

[b]NEW YORK, 10023 FINANCE 04-08-2024 $6,600.00 Marie Gluesenkamp Perez (D) F

NEW YORK, 10023 FINANCE 04-08-2024 $2,300.00 John Avlon (D) F

NEW YORK, 10023 FINANCE 03-31-2024 $3,300.00 Tony Vargas (D) F

NEW YORK, 10023 FINANCE 03-31-2024 $3,300.00 Tim Kaine (D) F

NEW YORK, 10023 FINANCE 03-31-2024 $3,300.00 Tim Kaine (D) F

NEW YORK, 10023 FINANCE 03-31-2024 $3,300.00 Andrei Cherny (D) F

NEW YORK, 10023 MANAGING MEMBER 03-31-2024 $500.00 Steven Horsford (D) F

NEW YORK, 10023 FINANCE 03-25-2024 $3,300.00 Timothy Kennedy (D) F

NEW YORK, 10023 FINANCE 03-25-2024 $3,300.00 Timothy Kennedy (D) F

NEW YORK, 10023 FINANCE 03-25-2024 $3,300.00 Timothy Kennedy (D) F

NEW YORK, 10023 FINANCE 03-03-2024 $2,500.00 Hakeem Jeffries (D) F

Money to Candidates PETRY, JOHN
NEW YORK, 10023 FINANCE 02-20-2024 $3,300.00 Ritchie Torres (D) F
Money to Candidates PETRY, JOHN
NEW YORK, 10023 FINANCE 02-20-2024 $3,300.00 Ritchie Torres (D) F
Money to Candidates PETRY, JOHN
NEW YORK, 10023 FINANCE 02-09-2024 $3,300.00 Ted Lieu (D) F

NEW YORK, 10023 FINANCE 02-09-2024 $3,300.00 Ted Lieu (D) F

NEW YORK, 10023 FINANCE 01-22-2024 $3,300.00 Josh Gottheimer (D) F

NEW YORK, 10023 FINANCE 01-22-2024 $3,300.00 Josh Gottheimer (D) F

NEW YORK, 10023 FINANCE 01-18-2024 $3,300.00 Yevgeny Vindman (D) F

NEW YORK, 10023 FINANCE 01-18-2024 $3,300.00 Yevgeny Vindman (D) F

NEW YORK, 10024 FINANCE 01-03-2024 $3,300.00 Bob Casey (D) F

NEW YORK, 10024 FINANCE 01-03-2024 $3,300.00 Bob Casey (D) F

NEW YORK, 10023 12-16-2023 $3,000.00 ALVAREZ, GEORGE A (D) NY

NEW YORK, 10023 FINANCE 12-15-2023 $5,000.00 New Democrat Coalition F

NEW YORK, 10023 FINANCE 12-08-2023 $3,300.00 George Latimer (D) F

NEW YORK, 10024 INVESTOR 12-06-2023 $3,300.00 Adriano Espaillat (D) F

NEW YORK, 10024 INVESTOR 12-06-2023 $3,300.00 Adriano Espaillat (D) F

NEW YORK, 10023 12-02-2023 $3,000.00 BURGOS, KENNETH (D) NY

NEW YORK, 10024 COO 11-30-2023 $3,300.00 Jacky Rosen (D) F

NEW YORK, 10024 COO 11-30-2023 $3,300.00 Jacky Rosen (D) F

NEW YORK, 10023 FINANCE 11-14-2023 $3,300.00 Nick Melvoin (D) F

NEW YORK, 10023 FINANCE 11-12-2023 $3,300.00 Tammy Baldwin (D) F

NEW YORK, 10023 FINANCE 11-12-2023 $3,300.00 Tammy Baldwin (D) F

NEW YORK, 10023 FINANCIAL ANALYST 10-29-2023 $1,000.00 BROWN, NICK (D) WA

NEW YORK, 10023 FINANCE 10-24-2023 $3,300.00 Martin Heinrich (D) F

NEW YORK, 10023 FINANCE 09-29-2023 $1,050.00 VELAZQUEZ, MARJORIE (D) NY

NEW YORK, 10023 FINANCE 07-20-2023 $5,000.00 Congressional Black Caucus PAC F

NEW YORK, 10023 FINANCE 07-17-2023 $3,300.00 Kevin Thomas (D) F

NEW YORK, 10023 FINANCE 07-17-2023 $6,600.00 Kevin Thomas (D) F

NEW YORK, 10023 FINANCE 07-14-2023 $3,300.00 Kevin Thomas (D) F

NEW YORK, 10023 FINANCE 06-29-2023 $3,300.00 Andrei Cherny (D) F


NEW YORK, 10023 FINANCE 06-07-2023 $3,300.00 Jon Tester (D) F

NEW YORK, 10023 FINANCE 06-07-2023 $3,300.00 Jon Tester (D) F

NEW YORK, 10023 FINANCE 06-06-2023 $3,300.00 Martin Heinrich (D) F

NEW YORK, 10023 FINANCE 06-04-2023 $3,300.00 Ro Khanna (D)

Neil Chriss
https://www.opensecrets.org/search?order=desc&q=Neil+Chriss&sort=D&type=donors
Natasha Chriss
https://www.opensecrets.org/search?order=desc&q=Natasha+Chriss&sort=D&type=donors

[The Magistrate]

1. "What's Done In the Dark Shall Be Brought To The Light"

[LeftInTX]

2. Bring it to the light! Expose! Call it out!

[hamsterjill]

6. Totally agree.

We all can see that SOMETHING is happening! Voters are backing Biden.

[a kennedy]

3. Tammy Baldwin??? Oh damn. 🤬

She didn’t meet with Joe when he came to Wisconsin. 🤬

[Model35mech]

8. Baldwin's most recent position on this is she hasn't a position

she passed along to the White House pro and con concerns collected from Wisconsinites as she campaigned inside the state.

[LeftInTX]

10. Members of the senate don't seem as vulnerable to these rewards, however members of the house are being swayed.

Still it's a handy list to have.

[Model35mech]

47. Yes it looks to be that way.

Strangely, the dollar amounts suggested really didn't show huge amounts of money being involved.

[DetroitLegalBeagle]

55. $3300 is the limit

An individual is limited to donating $3300 to candidate per election. The real money goes to super PAC's, which have no limits.

[Model35mech]

59. Yes... but a seems a small amount to sell out the candidate

[tritsofme]

4. Can you believe it!? How dare these dastardly donors fund vulnerable House Democrats who will decide the majority????

I believe I have heard many here suggesting that these very same Democrats be cut off and ostracized, so these donors stepping in seems particularly justified.

We need House Democrats to win, no matter what. I wonder who really cares about victory in November?

[LeftInTX]

7. The best thing to do is call the congress members out. Tag them on twitter.

Call them out. I called Richie Torres out. He's taking a bruising on twitter. Sunlight is a great disinfectant!

You can contact them via phone and email. But heck, I would just prefer to call this out publicly.

It's one thing to receive donations. It's another thing to be rewarded for unacceptable behavior.

[delisen]

11. Maybe something more ominous going on.

How many posts have you actually seen calling for thes Dems to not be elected ?

[LeftInTX]

15. I haven't. Just call them out and shed some light. They may stop their anti-Biden stuff.

Donations aren't everything. Public opinion is also important.

[Blaukraut]

22. If the funding is contingent on the recipients' publicly calling for Biden to drop out

It's straight up bribery.

[LeftInTX]

23. Yep!!!

[Bev54]

31. How dare the candidates allow themselves to be bought.

[tritsofme]

32. I think that is quite an incredible accusation to make against elected Democratic lawmakers.

Especially as it is not supported by the facts.

[TheKentuckian]

46. Being motivated to.such by 2,500 - 3,300 seems stretchy.

Including Jefferies?

Really?

More likely an attack on the Democratic party.
Just another flavor of splinter tactics and conspiracy theories fueled by emotions.

[Cha]

5. Excellent Informative OP of the

Traitors incentives, LeftinTX.

Thank You!

[spanone]

9. You can get a rep fairly cheap

double and triple dipping....shame on them.

[karynnj]

12. Look at the dates of the donations - none after April, many in 2023!

Clearly it is unfair to tie all recipients to the call for Biden to step down

[Chakaconcarne]

13. Unless this was planned back then.....

I'm remembering just after the debate when Trump, in his golf cart said Biden was going to drop out.... Before all of this shit started.

[LeftInTX]

14. Some of them hold off on submitting reports. (A dirty secret) Keep in mind reports are updated quarterly too.

My donations didn't show up in Open Secrets for awhile.

Link to tweet

https://twitter.com/novogratz

[karynnj]

16. Yes, i know, but given some responses, printing that list shows nothing but that they have been donors

[LeftInTX]

18. It's WHO the donations are going to! Especially Petry's list.

]NEW YORK, 10023 FINANCE 04-08-2024 $6,600.00 Marie Gluesenkamp Perez (D)

NEW YORK, 10023 FINANCE 02-20-2024 $3,300.00 Ritchie Torres (D) F

NEW YORK, 10023 FINANCE 02-20-2024 $3,300.00 Ritchie Torres (D) F


And now these candidates will get another cash infusion due to the fact that they asked Biden to w/d

This also explains why all these house members are coming out and asking Biden to withdraw. I've never seen anything like this in my life!

[bluestarone]

17. Holy fuck.money is destroying us.

Never in my wildest dreams did i believe Democrats would help TFG win in November. NEVER. We are at a cross roads people.

[delisen]

19. Unfortunately it seems to explain a lot.

At least with the candidates we eventually get the information on finances.

My question is do some of thes billionaires give incentives to media personalities.

[wnylib]

20. So, do I have this right?

They call out Biden, jeopardizing his campaign, so we call them out, jeopardizing their campaigns.

End result could be that we lose some Dem House members and Biden might lose to Trump.

How does this help the US and the Dem Party? Looks to me like it stirs up more Dem in-fighting.

How about if we just keep backing Biden strongly and not rush to judgmental in-fighting over claims on Xitter regarding motives for donations to House Members?

None of this explains why the media have so consistently piled up on the anti Biden bandwagon, especially ones that formerly supported him. They reacted to the debate initially, but then kept going even after Biden's successful appearances later.

We're they bribed, too?

Something is still missing in this story.

[LeftInTX]

21. Calling them out shouldn't jeopordize their campaigns. No worse than when you're lobbying them ahead of a vote.

Richie Torres isn't going anywhere. I'm tagging on twitter.

This just is not normal.

Articles are coming from MSM. Jake Sherman, who the tweet is from is with MSNBC. Donation info is available on Open Secrets.


It's sunlight baby! They don't like to be embarrassed and hopefully they will change their tune!

[wnylib]

24. I added to my post some doubts about media coverage, too.

That includes doubts about former supporters of Biden, like MSNBC.

[LeftInTX]

25. But this is more concrete and obvious.

There are numerous article about Novogratz and he is literally advocating getting rid of Biden on twitter. He's openly pushing it!!!

Plus he runs a bitcoin company (Gambler type..you know..)

The media are not recipients here. Media are free agents and are free to create whatever hysteria they want.

[wnylib]

34. In your earlier response to me you said that

the Dem House Reps named in the OP are not going anywhere and that calling them out for bribes would not hurt them. In the OP you described them as vulnerable to explain their willingness to receive the money.

Which is it? Are they vulnerable or are they secure in their positions?

[LeftInTX]

43. The article said it. Ritchie Torres is not vulnerable. His primary is over.

Perez could be vulnerable in the general election. Many are advocating to call or email these elected officials. That's exactly what I'm doing. Same thing except using twitter.


I subscribe to the Armenian National Committee action alerts. That's what we do. We tweet. They tweet. They email. We email. It works. Doesn't matter whether they're vulnerable or not.

Also we tag on twitter while the Texas lege is in session. They actually watch their phones while they're on the floor etc.

[wnylib]

45. And now it is more public than an e-mail.

I am not suggesting that secrecy in politics is good. I just need to be sure that claims are accurate before publicly exposing people.

[orangecrush]

26. Fuckery

They are probably paying media too

[Mblaze]

27. Excellent

As long as they don't actively campaign against Biden.

[LeftInTX]

30. They basically are. And it's not good.

[Mblaze]

62. They were already calling for Biden to drop out before the donations.

If Biden is to be replaced, it will take more advocates than them to make it happen. Meanwhile, unless they switch parties, they get more money to campaign as a Democrat.

[ucrdem]

28. That's disgraceful. but there's no other explanation left.

They are still reading the same dog-eared mimeograph about a freaking TV event two weeks ago. "I love President Biden, but . . "

BTW their 15 minutes keep getting shorter and now they can barely stammer through them I've noticed.

Hopefully, they'll stop before we get through the whole line, or the line will go away.

[jaxexpat]

29. Weren't these the guys who showed up at Vito's funeral trying to set up a meeting?

[MOMFUDSKI]

33. Yup. It is always about $$$.

This is sick.

[DinahMoeHum]

36. Sorry, but I'm calling bullshit on this. . .

. . .where one "George Latimer" is concerned.

He is NOT a member of Congress. Yet. Yes, he won the primary from Jamaal Bowman June 25 and will very likely win the general election. NY CD-16 is a very blue district.

And I cannot find ANY news indicating that he asked Biden to step down.

[LeftInTX]

38. Not all of their recipients are asking Biden to step down.

(I removed Petry's donation to Biden and a few PACs)

I need to research their new PAC that was referenced in the Bloomberg article.

These are long time mega donors.
Novogratz has been extremely open on twitter about his intentions.
https://wapo.st/3Lmees7

If they have received donations and have asked Biden to withdraw, I'm calling them out on twitter.

NEW YORK, 10023 FINANCE 04-08-2024 $6,600.00 Marie Gluesenkamp Perez (D)
NEW YORK, 10023 FINANCE 02-20-2024 $3,300.00 Ritchie Torres (D) F
NEW YORK, 10023 FINANCE 02-20-2024 $3,300.00 Ritchie Torres (D) F

[chowder66]

37. I've seen posts calling for us to support them to keep the house and senate and build on it

then primary them later.

[LeftInTX]

40. I'm tagging on twitter. No different than tagging them prior to a vote in congress.

If they know we don't like it, they may change their tune.

No different than calling or emailing them like many posts are suggesting.

[LisaL]

41. Sounds like they already got their "reward."

NT

[Quanto Magnus]

39. So I guess...

these were bribes...er 'gratuities'....?

[h2ebits]

42. Hmmm. . . .I see Ted Lieu's name on this list but

He publicly stated that he never said that Biden should withdraw. What's true?

Is it possible that, at least in some cases, the house reps' campaign committee accepted money without the house rep knowing?

[LeftInTX]

44. Campaigns usually accept from anyone. However, they are planning to increase donations if they ask Biden to w/d

Keep in mind it can take several months for campaign disclosures to show up online.

[h2ebits]

61. Thanks for the input

[idahoblue]

48. Thank you for the list

It is time to flood their email and snail Mail with letters demanding that they support our nominee, the person we voted for. We are not voting for one guy. We are voting for Team Biden who will be advising nominations for judges, political appointments, guiding policy that moves us forward.

[dchill]

49. I advise them all to return the crazy dirty money.

And repent. I knew it was about money. How would this have worked if we had campaign finance reform?

[chowder66]

50. Novogratz seems like someone to be leery of.

Although the stock price had risen to $35 at its IPO, by December 3, 2008, it dipped to as low as $1.87 after withdrawals from Novogratz' Drawbridge Global Macro fund were shut off.[13][needs update] Fortress folded after Novogratz and his colleagues lost hundreds of millions betting on the Swiss franc and Brazilian assets.[2]

Galaxy Digital Holdings Ltd. is one of the few cryptocurrency companies required to publish financial results. In the first nine months of 2018, the company lost $136 million in cryptocurrency trading.[16] In 2017, Galaxy Digital contributed to an $80 million funding round for technology company Bitfury.[17]

Galaxy losses widened to 554 million in Q2 of 2022 following a 182 million dollar loss for the past year.[18]

He stated in 2017 that 20% of his net worth was in Bitcoin and Ethereum. He says he made $250 million from crypto currency from 2016-2017.[19] At a 2022 cryptocurrency conference, Novogratz boasted that he was "only guy in the world that’s got both a Bitcoin tattoo and a Luna tattoo".[20] A few weeks later, UST(the algorithmic Terra Luna stable coin), which claimed that it was pegged to the US Dollar, lost nearly all of its value.[20]

https://en.wikipedia.org/wiki/Michael_Novogratz

&t=625s

[LeftInTX]

51. Yes, his twitter feed reflects this.

Link to tweet

His most recent tweet
Biden is heading straight down the Ruth Bader Ginsberg path of destroying legacy due to thirst of power. It’s time to pass the torch!
4:58 PM · Jul 12, 2024
·
20.2K
Views

[chowder66]

52. That's what made me look into him. Especially where he brings up

finding a president who knows about AI and seeing Bitcoin in his profile.

He's probably investing in AI and wants more money.

[dchill]

57. Crypto crap.

[Freethinker65]

53. Make a wish washy statement, take the money, give it to Biden (tie your campaign ads to needing a Democratic President).

[LeftInTX]

54. Or take back what you said...

Or don't say it in the first place!

[Freethinker65]

56. Or expose what you were asked to do for the money, but that could hurt your colleagues.

I suppose you could consult with the Biden campaign first? They might be ok with you taking the money if you use it to support Biden and yourself, and in a few weeks apologize and say Biden has proved you wrong. Biden is stronger than ever and you are 100% behind him and never should have doubted Biden because of ageism and the media.

[LisaL]

58. How about don't take the money.

The price is too high.

[Freethinker65]

60. Is it, if you are going to retract your statement?

Honestly trying to figure out why so many are floating the crazy replace Biden at last minute option while so many others are staying committed. It doesn't make sense to me. It does keep all eyes on Biden however, which if he continues to show strength, is a positive.