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Friday, July 23, 2010

Suspicious Packaging - Billionaires Fund Karl Rove's 'Grassroots Group'

Salon says that American Crossroads, Karl Rove’s new self-described “grassroots” organization, has actually received 97 percent of its $4.7 million from just four billionaires. Three of those men come from Texas, and two made their money in oil and gas. Rove better shake these men down some more though, if he wants to meet his stated goals: American Crossroads has pledged to raise $50 million to beat the Democrats in November.

And despite the group's description of itself as "grassroots," Salon's review of its IRS filings show that four billionaires have contributed 97 percent of the $4.7 million it has raised to date. 

That is not a "grassroots" organization - that is a rich man's slush fund!!

Here's a guide to American Crossroads' four donors:


•Trevor Rees-Jones, president of Dallas-based Chief Oil and Gas, gave a $1 million donation to American Crossroads just as the group was starting in April. That's small money for Rees-Jones, who, Forbes estimated in 2009, amassed a $1.5 billion fortune investing in gas prospects around America. He has also been a big donor to John McCain and the Texas Republican Party, Politico reported.
• Bradley Wayne Hughes, chairman of Public Storage Inc, is American Crossroads' biggest donor, contributing $1.55 million to date. Hughes founded Public Storage in 1972 and the company has grown into a self-storage behemouth with over 2,000 locations. Worth $3.9 billion, he lives in Lexington, KY, where he actively raises thoroughbred horses at Spendthrift Farm. (Hughes' son, B. Wayne Hughes Jr., is on the board of former Senator Norm Coleman's new conservative group, the American Action Network.)
• A company called Southwest Louisiana Land LLC donated $1 million to American Crossroads in June. It turns out Southwest, which doesn't have much of a public footprint, is owned by Dallas billionaire investor Harold Simmons -- no stranger to conservative causes. Since the 1980s, he has ponied up for everthing from Oliver North's defense fund, to Newt Gingrich's PAC, to the Swift Boat Veterans for Truth in 2004, to the American Issues Project, a group that ran ads attempting to tie Obama to Bill Ayers in 2008 (Simmons was the sole funder of the Ayers effort, giving nearly $3 million.) Simmons is worth $4.5 billion.
• TRT Holdings, owned by Dallas' Robert Rowling, gave American Crossroads $1 million. Rowling, whose firm owns Omni Hotels and Gold's Gym, got started at his father's successful company, Tana Oil & Gas. He's now worth $4.4 billion. In 2004 Rowling gave $1 million to Progress for America, an outside group backing President Bush's reelection.

3 comments:

  1. Now that's suspicious packaging.

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  2. Very scary shit!

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  3. TRT holdings- now there is a reason NOT to be a member of Gold's Gym.

    Hans

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