Showing posts with label Arkansas. Show all posts
Showing posts with label Arkansas. Show all posts

Tuesday, October 25, 2016

Did Hillary Rodham Clinton Seek To Enrich Herself When Husband Held Arkansas Public Office?

Most Democratic Party voters don't think that the wife of a public official should seek to personally enrich herself and her family when her husband is supposed to be serving the public interest as a state attorney general or state governor. Yet in her 2003 book Living History (for which she was paid more than $10 million book advance and book royalties by the Viacom-CBS media conglomerate's Simon and Schuster book publishing subsidiary), former Arkansas Attorney General and Governor Bill Clinton's wife--2016 Democratic Party presidential nominee Hillary Rodham Clinton--wrote the following:

"...We lived in the Governor's Mansion [in the late 1970's] and had an official expense account that covered meals...But I worried that...we needed to build up a nest egg.

"...My friend Diane Blair was married to someone who knew the intricacies of the commodities market...Jim Blair was...lawyer whose clients included the poultry giant Tyson Foods...Jim had developed a system of trading that was making him a fortune...By 1978...I was willing to risk $1,000 and let Jim guide my trades through...broker...I walked away from the table $100,000 ahead...

"...In the spring of 1978...a businessman...named Jim McDougal approached us with a...deal: Bill [Clinton] and I entered a partnership with Jim and his...wife Susan, to buy 230...acres on the south bank of the White River in...Arkansas. The plan was to subdivide the site for vacation homes, then sell the lots at a profit.

"...Bill [Clinton] had...made a...real estate investment with McDougal the year before that had turned a...profit...We took out bank loans to buy the property, eventually transferring ownership to the Whitewater Development Company, Inc....in which we and the McDougals had equal shares...

"...I kept my name after Bill [Clinton] was elected to state office partly because I thought it would help avoid the appearance of conflict of interest...

"I was helping...defend a company that sold and shipped...logs by railroad. As a shipment was unloaded at its destination, the logs came loose...and injured some employees of the company that had purchased the logs...

"...In early March [1992]...[1992 Democratic Party presidential primary candidate and California Governor] Jerry Brown went on the offensive against Bill [Clinton], focusing on my law practice and on the Rose Law firm, where I had been a partner since 1979...The Rose Firm...provides...services to the Arkansas state government.....

"...Brown accused Bill [Clinton] of steering state business to the Rose Firm...

"...I was [1992 Democratic Party presidential candidate] Bill [Clinton]'s principal surrogate on the campaign trail. I wanted to support his campaign and to advance his ideas. I had taken leave from my law firm and resigned from all of the corporate boards on which I served. That meant leaving the board of Wall-Mart, on which I had sat for 6 years at the invitation of Sam Walton, who taught me a great deal about corporate...success...

"I proudly cast my vote for Bill [Clinton] to be my President...Robert Rubin, the Co-Chairman of the investment bank Goldman Sachs, accepted Bill [Clinton]'s offer to become the first head of a soon-to-be-created National Economic Council...

"...Bill [Clinton] couldn't appoint me to an official position, even if he had wanted to. Anti-nepotism laws had been on the books...But there were no laws to prevent me from continuing my role as Bill Clinton's...advisor and, in some cases, representative..."

Wednesday, August 3, 2016

Did Hillary Clinton Represent Arkansas Corporate Clients When Husband Was Arkansas's Attorney General and Governor?

Most people in the United States during the 1970's did not think it was ethical for a state attorney general or state governor's wife to enrich herself by providing legal representation and legal services for corporate clients in the same state, and at the same time in which her husband was supposed to be representing the public interest as a public official.

Yet in her 2003 book Living History (for which she was paid more than $10 million in book advance and book royalties by the Viacom-CBS media conglomerate's Simon and Schuster book publishing subsidiary), former Arkansas Attorney General and Governor Bill Clinton's wife--2016 Democratic Party presidential nominee Hillary Rodham Clinton--wrote the following:

"We were married...on October 11, 1975...He is still the most interesting...person I have ever met...Bill Clinton's first election victory as Attorney General of Arkansas in 1976 was anticlimactic. He had won the primary in May and had no Republican opponent...

"With Bill's election assured, we both felt free to get involved in [Jimmy] Carter's [1976 presidential] campaign when he became the Democratic nominee...Carter's staff asked Bill to head the campaign in Arkansas and me to be the field coordinator in Indiana...Carter did not carry Indiana...

"Bill and I had to move to Little Rock...Fayetteville was too far to commute, so I couldn't continue teaching at the University...I began to...consider joining a private firm...Representing private clients...would help us financially...The Rose Law Firm was the most venerable firm in Arkansas...I had gotten to know one of its partners, Vince Foster...After 1976, Vince and another Rose Firm partner Herber C. Rule III, came to see me with a job offer...In the first jury trial I handled on my own, I defended a canning company...

"...Bill...was elected Governor in 1978...In 1979 I was made a partner at the Rose Law Firm..."



Tuesday, April 5, 2016

Revisiting The Clintons of Arkansas's Pre-2016 Presidential Campaign's Pre-1996 Political Record: Part 2

In 2016 the Clintons of Arkansas are campaigning for a third term in the White House after January 21, 2017. Yet the Clintons' political record when Bill Clinton was Arkansas's governor (at the same time that his wife, Hillary Rodham Clinton, represented Arkansas corporate establishment clients as a corporate lawyer for Arkansas's Rose Law firm and sat on the board of directors of the Arkansas-based Wal-Mart Corporation)--was apparently not considered to be an ethical political record by the Center for Public Integrity. As Charles Lewis and the Center for Pubic Integrity's 1996 book, The Buying Of The President, recalled:

"...The point of Whitewater and Bill Clinton's public service career in Arkansas is that long before the presidential election of 1992, his political identity as an accommodator of the largest, most powerful monied interests was well established. While he was governor, millions of dollars in private favors at public expense accrued to various companies and individuals, and Clinton's professional career as a politician wasa supported by the Arkansas financial and political elites.

"Bill Clinton...has always understood the political importance of raising substantial campaign funds. What is most striking about his first campaign is how a 28-year-old assistant professor of law in Fayetteville, Arkansas, running for a seat in the Congress for the first time, could raise more money than the incumbent four-term Republican congressman. During that 1974 election Clinton raised $178,000, about $20,000 more than John Hammerschmidt, from traditional Democratic party sources.

"In 1974 as well as 1992, candidate Clinton has actually embraced powerful corporate interests and much of their agenda despite his rhetoric against them. When Clinton ran for Congress in 1974 the largest employer in the Third District of Arkansas was Tyson Foods, based in Springdale, which was well on its way to becoming the nation's largest poultry producer...

"The chairman, Don Tyson, is a colorful figure who in the late 1970s designed his corporate office as a replica of the Oval Office in the White House, with doorknobs shaped like chicken eggs. Tyson was estimated to be worth $800 million. He supported Clinton in the 1974 race and according to author David Maraniss, the Tyson family donated a campaign telephone bank which was operated from an apartment near the University of Arkansas, although it should be noted that no such `in-kind' contribution was reported by the campaign to the Federal Election Commission. Clinton never talked much about the company itself publicly, but, instead spoke empathetically about the plight of chicken farmers.

"The Tyson-Clinton relationship continued in Washington, of course, and it grew out of a special culture. Probably no one has better captured the real essence of the political-financial nexus in Arkansas than journalist Michael Kelly, who wrote that Arkansas:

"`...has been ruled for almost all of its existence, and is largely ruled still, by a thin upper crust of Democratic party officials and Democratic legislative leaders and important landholders and businessmen. This elite, bound together not by party or even ideology but by mutually advantageous relationships, holds sway over a small and politically disorganized middle class and a large but well-beaten population of the poor. The contradiction is that Arkansas voters, in a class-based reaction against this condition, perpetually favor politicians who are `common' in touch, populist in theology, and reformist in policies.'

"To be plausible and acceptable to the political and financial elite of Arkansas, a politician certainly cna and must relate well to the people. But he or she must not substantially interfere with the daily commerce of the state, the business status quo. Every candidate in Arkansas instinctively knows this or learns it the hard way. Such is the theater into which Bill Clinton's political career was born." 

Monday, April 4, 2016

Revisiting The Clintons of Arkansas's Pre-2016 Presidential Campaign's Pre-1996 Political Record: Part 1

In 2016 the Clintons of Arkansas are campaigning for a third term in the White House after January 21, 2017. Yet the Clintons' political record when Bill Clinton was Arkansas's governor (at the same time that his wife, Hillary Rodham Clinton, represented Arkansas corporate establishment clients as a corporate lawyer for Arkansas's Rose Law firm and sat on the board of directors of the Arkansas-based Wal-Mart Corporation)--was apparently not considered to be an ethical political record by the Center for Public Integrity. As Charles Lewis and the Center for Pubic Integrity's 1996 book, The Buying Of The President, recalled:

"There is probably no case more instructive of private and public interest and the incestuousness of Arkansas business and political elites than that somewhat complicated affair known as Whitewater. When Clinton was attorney general of Arkansas in 1978, he and Hillary Rodham [Clinton] got into a real estate deal with James B. McDougal and his wife, Susan, to develop 230 acres along the White River in Madison County. An unsecured loan of $20,000 was made by a Little Rock bank to Hillary Rodham as a down payment, and Governor Clinton later hired fellow investor McDougal onto the public payroll. To add conflict upon conflict, McDougal purchased a thrift, Madison Guaranty, represented by Hillary Clinton before state regulators.

"In what might be the clearest quid pro quo for McDougal, Governor Clinton apparently cleared the way for state agencies to move into a building owned by the S&L, for which they paid an estimated $200,000 in yearly rent. The Associated Press discovered an April 23, 1987 memo that recounted allegations made by Greg Hopkins, an attorney working for former Madison official Charles Peacock III. The memo said, `Mr. Hopkins stated that a portion of the loan proceeds made to Dixie Continental leasing [Mr. Peacock's company] went to Bill Clinton's campaign, and that in return for the substantial campaign contribution, Bill Clinton assured Jim McDougal that a state agency would lease space from Madison at its headquarters on Main Street in Little Rock.'

"The Arkansas Development Finance Authority (ADFA), headed by longtime Clinton aide Bob Nash (who served as director of presidential personnel in the Clinton White House), subsequently moved into the building despite protests from within the agency. Other state agencies were also housed in the building.

"No one in Arkansas officialdom or the news media noticed anything peculiar about any of these dealings. As Arkansas columnist John Brummert observed, `Bill Clinton's Arkansas was a place without an opposing party, with a press that was...lax for years in coverage of the underlying financial angle of politics, with politicians and business people who had overlapping and sometimes intimately curious associations.'

"President Clinton declined to be interviewed for this book or to respond to written questions submitted by the Center for Public Integrity..."