Tracking "The Bundlers"
CBS News Investigates What Motivates Powerful Campaign Donors
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Candidates Rely On Bundlers
Presidential candidates are relying on fundraisers who package lots of small donations in big bundles. In return they often get government jobs. Armen Keteyian reports.
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Eye to Eye: Bundling For Favor
"Only on the Web": Bundlers amass small political donations into a big bundle. Craig McDonald, head of watch-dog group Texans For Public Justice, talks about how bundlers get political favors.
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Bundlers package together small donations from family, friends and associates, delivering big bundles of cash. (CBS)
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So candidates count on elite fund-raisers - about 2,000 in all - who package together small donations from family, friends and associates, delivering big bundles of cash.
That’s why they’re called bundlers, CBS News chief investigative correspondent Armen Keteyian reports.
“Bundlers are industry titans, CEOs, lobbyists, hedge fund managers,” said Laura MacCleery, director of Congress Watch for the group Public Citizen. “Much more likely to be John K. Millionaire than Jane Q. Public.”
Bundlers often do their business behind the scenes, hosting small, private fundraising events, like one for the Republican candidate Fred Thompson in the Virginia home of a telecommunications executive.
So beyond their belief in the candidates, what do they get?
“Many of them do want access to government,” said Craig McDonald, the director of Texans for Public Justice.
McDonald has followed the money raised by bundlers tied to President Bush.Primary Source Blog: A Package Deal?
“You can just track the bundlers and see that there is a link between bundlers, influence, access, the White House and to government," he said.
A look at the list of Bush "bundlers" reveals more than 170 received government appointments, including four cabinet posts. Twenty-seven were named ambassadors.
Charles Swindells became Ambassador to New Zealand; John Palmer, the ambassador to Portugal. Charles Cobb's wife, Susan got the post for Jamaica. All raised at least $100,000.
In addition, dozens more - including six energy executives - were named to transition teams critical in shaping administration policy.
We called 40 Bundlers. The only one who would talk to us was Ken Langone, co-founder of Home Depot. He's raised millions of dollars for Rudy Guiliani and other candidates.
What does Ken Langone want for all those checks?
“What do I want?” Lagone said. “I don’t want anything,” Lagone told Keteyian. “Well, I would consider it one of the most disrespectful things for me to do to take the money from my friends to get something for me."
Keteyian asked, “I mean, I have names here that raised a lot of money that ended up ... ambassador to the European Union, on the Amtrak Board, Assistant Secretary of labor, the ambassador to Austria, Belgium, Belize, Canada."
“Wonderful. Look, they shouldn’t get the edge if they raise money, but they shouldn’t be punished if they raise money either,” Lagone said.
Can he assure people that all of those who are raising money for Giuliani and other candidates aren’t getting anything in return?
“Not one person has ever come to me and said, ‘okay, I helped you, now I need this’ or ‘if I help you, I want that,’” Lagone said.
That may well be true, but when you un-bundle the names behind all these events, you may well see the faces of the next administration.
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Obama''s Contributers: bankers / Special interest!
http://tinyurl.com/2nd4f8
Hillary Clinton''s Contributers Lawyers / RealEstate:
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Rudy GIULIANI Contributors: Bankers / Hedge Funds!
http://tinyurl.com/2m2c4n
Ron Pauls Money Is From the People! We have someone who is NOT Paid Off By Special Interest or Bankers Money!!!
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%u201CWhat do I want?%u201D Lagone said. %u201CI don%u2019t want anything.%u201D
What does Ken Langone want for all those checks?
%u201CWell, I would consider it one of the most disrespectful things for me to do to take the money from my friends to get something for me,%u201D Lagone told Keteyian.
Keteyian asked, %u201CI mean, I have names here that raised a lot of money that ended up ... ambassador to the European Union, on the Amtrak Board, Assistant Secretary of labor, the ambassador to Austria, Belgium, Belize, Canada." ********
LIARS!!!
Why would anyone try to deny that people who work tirelessly on a campagin don''t benefit nicely if the candidate wins? Why would anyone want to attempt to insult our intelligence by dodging the truth on this one? It''s obvious they don''t do it for nothing...please. Your guy wins...you win...IF YOU PUT IN THE HOURS TO MAKE IT HAPPEN! A guaranteed 3 years to s..c..r..e..w the voters over ...and then it''s back to campaign trail...baby needs a new pair of shoes.
Posted by likeitis5050 at 09:35 PM : Oct 01, 2007
ummm, I searching, but I can''t find your point anywhere in this rant, can you help me out?
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