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July 28, 2006

Corporate Sponsors for McGavick

The State Democratic Party has posted a list of McGavick's corporate sponsors.  The list comes straight from McGavick's recently-released FEC report:

  • Insurance Industry: In addition to McGavick’s illegal $28 million golden parachute from his time as an insurance CEO, members of the insurance industry have shelled out more than $275,000—almost $65,000 in new FEC disclosures alone—directly to bankroll McGavick’s campaign. McGavick previously served as a lobbyist for the American Insurance Association, and his contributions from the insurance industry top all other special interest funders of his campaign.
  • Big Oil: McGavick, a big supporter of drilling in the Arctic National Wildlife Refuge, raked in another $8500 from the PACs of big oil – including another $4000 from ExxonMobil’s PAC ($5000 total to date), $2000 from BP’s PAC and $2500 from Conoco Phillips’s PAC.
  • Halliburton: McGavick accepted $1000 from Halliburton’s PAC, even as the company remains mired in scandal relating to abuse surrounding no-bid contracts Iraq and ties to VP Dick Cheney’s secret energy task force.
  • Social Security Privatizers: McGavick raked in another $4000 from the Financial Services Roundtable PAC, for a total of $5000 to date. The Roundtable is a group of approximately 100 CEOs of the largest financial services companies in the nation, who are at the forefront of the push for Bush’s plan to privatize Social Security. The Roundtable has already hosted two separate fundraisers for McGavick.
  • Rx Money: Even as McGavick fails to support drug re-importation from Canada, he accepted $2000 from Pfizer’s PAC, and another $10,000 from the PAC of Express-Scripts, one of the largest prescription benefit managers (PBM) in the country. [FreedomWorks press release, 12/15/04 (via PR Newswire)]
  • Ted Stevens: McGavick took a $2000 personal check from his good friend Ted Stevens – who appears to be making good on his pledge to seek revenge against Maria Cantwell for standing up and successfully blocking oil drilling in Alaska. FEC records show that Senator Stevens doesn’t donate much personally to other candidates, and has never written a check of this size to someone challenging a colleague.

It's hard not to compare such sponsorship to that of top sports figures who speak for their car or beer sponsors in return for the funds that pay their expenses for competing.  This list tells us pretty much who will get McGavick's attention if he becomes our Senator and who will help him write the bills that he will introduce in Congress.   It used to be that corporations supported former Congressional staff who had proved loyal or lobbyists they knew well for public office.  With McGavick, former CEO of Safeco, they are now eliminating the middleman.  They are going straight for office themselves. 

Let's not allow that.

Hat tip to Andrew at the NPI Blog.

Posted by Lynn Allen on July 28, 2006 at 08:46 AM in Candidate Races | Permalink

Comments

This is the kind of $$$ news that the "traditional media" should be covering.

Posted by: howieinseattle | Jul 28, 2006 9:15:57 PM

Definitely.

Posted by: Lynn | Jul 29, 2006 8:01:14 AM

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