Saturday, June 21, 2014

Bill de Blasio and New York City's Clintongate Scandal: A Tale of Three Phonies--Part 13

(A shorter version of this article originally appeared in the Winter 2013 issue of the Lower East Side underground/alternative newspaper, “The Shadow”)

Bill de Blasio’s Clintongate Scandal Connection

In an Aug. 13, 2013 Politico website article, titled “Hillary Clinton’s Next Act: The family foundation,” Maggie Haberman also indicated how Hillary Clinton will apparently also become more directly involved in the New York City-based philanthropies empire of the Clintons (at the same time her 2000 U.S. Senate campaign manager de Blasio will likely be occupying the mayor’s office in New York City):

“Hillary Clinton’s next phase of life — the co-leader of a family foundation — has officially begun.

“She’s coming in to her husband’s signature foundation, which has been renamed for all three Clintons — their daughter has an increased presence…. Hillary Clinton’s new office at the foundation’s Manhattan headquarters is slowly taking shape as the chiefs of staff to all three Clintons hold a standing meeting every Monday to arrange schedules and events — three offices staffed with people who have worked together for years….Clinton is joining the foundation launched by her husband and a coterie of former White House aides and advisers...And the foundation is also the structure that has provided sustenance for the extended Clintonland for over a decade…Hillary Clinton’s staff at the foundation is just under 10 people — seven in her current Washington-based transition office and two recent hires…Teneo and some of its clients are also still involved in supporting the foundation’s work, one official said.”

Not much of the money that Bill Clinton has been collecting since 2001 for his tax-exempt “philanthropic” activities (from the ultra-rich folks and special corporate interests who profited most during the 1990s from his administration’s economic policies) has apparently been redistributed to either the families of the children who died in Iraq as a result of his administration’s economic sanctions policy or of the civilians in Serbia who were killed after he ordered that country bombed.

Yet according to a May 23, 2013 Celebrity Worth website article by Brian Warner, since 2001 the presidential candidate whose 1996 re-election campaign in New York was directed by Bill de Blasio has earned over $106 million in speaking fees—despite the Great Recession of the post-2008 years which the Clinton administration’s late 1990s repeal of FDR’s Glass-Steagall Act (that mandated the separation of commercial banking and investment banking) helped create. As Brian Warner observes in his Celebrity Worth article:

“…As a private citizen, Bill was finally able free to cash in… One of the first big windfalls came when the Knopf Publishing Group paid him $15 million for the rights to his memoir My Life. That $15 million is still the largest book advance of all time…. In the 12 years since Bill Clinton has left office, he has given 544 paid speeches all over the world. His fee has ranged from $28,000 to $750,000. The average fee for a single speaking engagement has been $195,000. In 2012, Bill earned $17 million and in 2011 he earned $13.4 million. In total he has made $106 million off speaking engagements since 2001… Out of all of his earnings, $57 million came from outside the US…. “

The same article also indicated how the U.S. senatorial candidate whose campaign Bill de Blasio managed in 2000 has also apparently cashed-in since the Clintons first vacated the White House in early 2001:

“Before Bill Clinton entered the White House…His wife Hillary was the real breadwinner of family at the time, bringing home a salary of $188,547 as an attorney at the…Rose Law Firm in Little Rock…Hillary Clinton earned $8 million for her 2003 biography Living History…Earlier this year Hillary Clinton re-entered private life after stepping down as Secretary of State. Hillary quickly earned a cool $14 million advance for future book with publishing company Simon & Schuster. She is also starting to hit the privates speech circuit and earning six figures for her time…If Hillary and Bill continue to cash in…it's likely that their combined net worth will pass the $200 million mark in the next 3-5 years….”
(end of part 13)

No comments: