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McAuliffe an X factor for Dems (Planned '05 Gov. run in FLA / Global Crossing scandal
Richmond Times-Dispatch ^ | 10/05/2008 | Jeff Schapiro

Posted on 11/11/2008 11:05:12 AM PST by ReagansRaiders

By JEFF E. SCHAPIRO TIMES-DISPATCH COLUMNIST After ducking a re-election fight for U.S. Senate to run for governor in 1989, Paul Trible struggled to establish credentials as a prospective chief executive.

At a debate in Williamsburg with his rivals for the Republican nomination, he couldn't even list the governor's four basic constitutional duties.

It came as no surprise that Trible -- now a chief executive of a different sort: president of Christopher Newport University -- lost the primary.

There may be a lesson in the decline and fall of Paul Trible for another politician attempting a fast one for governor: Terry McAuliffe.

The restless former chairman of the Democratic National Committee, an A-list talking head and friend of Bill and Hillary, McAuliffe may be a man with too much time and money on his hands.

From his manse in McLean -- that duchy of sixand seven-figure-a-year come-heres fatted at the federal trough -- McAuliffe is plotting a bid for the 2009 Democratic nomination for governor.

This is unwelcome news for the two announced candidates: Brian Moran and Creigh Deeds, both loyal, lower-profile Democratic soldiers -- guys who don't have Wolf Blitzer on their speed dial.

It's bad enough that Moran and Deeds now must fret about a multimillionaire schmoozer trying to buy the nomination. They also should worry what it suggests about state Democrats; that at the worst possible occasion -- an election for governor, the main event in Virginia -- they could become synonymous with the we-centric politics of the Clintons.

A McAuliffe candidacy would mean excitement, assuming the nomination contest doesn't become a knife fight. That might be unavoidable, since Moran and Deeds have what McAuliffe lacks: Virginia credentials.

They've been prosecutors. Both have been legislators for more than a decade. They understand Virginia's issues and quirky politics; Deeds, especially. In 2005, he lost for attorney general by just over 300 votes. It was the closest statewide election in Virginia history.

McAuliffe isn't trying to earn his spurs as much as buy them.

He's pledged $100,000 to help the state party pay for its new headquarters in Richmond's Shockoe Bottom. He again opened his home for a fundraiser last weekend for the neighborhood Democratic committee, an event attended by Moran. McAuliffe is traveling the state for Barack Obama. At stops in Roanoke and Ashland, Deeds staffers recorded McAuliffe's remarks.

This is opposition research on a fellow who could have much to answer for: A trial balloon for governor of Florida in 2005 -- punctured, well, because he doesn't live there. His $18 million profit on a $100,000 investment in Global Crossing, a giant telecom that collapsed in 2002. Plundered, gone-bust businesses are now even less fashionable.

Here's guessing McAuliffe sits for a crash tutorial in Virginiana from lobbyists and business executives. He's hired a Kaine operative and may bring on another. McAuliffe can't enter the campaign hiding out, much as Sarah Palin has. Can't you hear McAuliffe in a debate: "And I can see Richmond from my house."

It wouldn't be the first time a small-bore movie star parachutes into state politics. Some have been winners: Chuck Robb, John Warner, George Allen. But the losers, such as Ollie North, are a reminder that all that glitters sometimes isn't even fool's gold. Contact Jeff E. Schapiro at (804) 6496814 or jschapiro@timesdispatch.com. Watch his video column Thursdays on inRich.com. Listen to his analysis Fridays at 8:33 a.m. on WCVE radio (88.9 FM).


TOPICS: News/Current Events; Politics/Elections; US: Virginia
KEYWORDS: 2009; governor; mcauliffe; va2009; virginia

1 posted on 11/11/2008 11:05:13 AM PST by ReagansRaiders
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To: ReagansRaiders
GLOBAL CROSSING BANKRUPTCY: GOP INSIDERS QUESTION DNC CHAIRMAN MCAULIFFE PROFIT, TURNED $100,000 INTO $18,000,000:
http://www.drudgereportarchives.com/data/2002/01/31/20020131_212043_mattgcc.htm

Also see:
JUDICIAL WATCH INVESTIGATING DNC CHAIR’S LINK TO BANKRUPT GLOBAL CROSSING:

Judicial Watch, the public interest law firm that investigates and prosecutes government corruption, announced that it would investigate Democratic National Committee Chairman Terrence McAuliffe’s ties to Global Crossing, which recently made the fourth largest bankruptcy filing in history. During the 1990's, McAuliffe reportedly turned a $100,000 investment in the company into a $18 million profit. McAuliffe also reportedly did “political” work for the company’s founder Gary Winnick. After his windfall profits, McAuliffe set up a golf outing for Winnick and then President Bill Clinton. Winnick later donated at least $1 million to Bill Clinton’s Presidential Library.

(Judicial Watch had sued McAuliffe over his illegal million dollar plus mortgage guarantee for the Clintons’ house in Chappaqua. McAuliffe backed out of the deal.)

Reports in The Los Angeles Times show that Global Crossing’s bankruptcy may have resulted from the same type of corrupt accounting practices as Enron’s. Questions have also been raised about a $400 million dollar contract, set in motion by the Clinton Administration, awarded to Global Crossing by the Pentagon last year. Internet reporter Matt Drudge has also detailed Global Crossing’s contributions to Democratic Senator Tom Daschle and Democratic Congressman Henry Waxman.

As it is has done in the Enron affair, Judicial Watch today is filing Freedom of Information Act (FOIA) requests with various government agencies concerning Global Crossing and is considering shareholders lawsuits against the entity as well.

“The big question is what did Global Crossing’s Gary Winnick get as a result of his golf outing and million dollar gift to Bill Clinton. Terry McAuliffe’s astonishing profit reeks of potential insider trading, especially given his role in selling government favors for campaign contributions during the Clinton years,” stated Judicial Watch Chairman and General Counsel Larry Klayman.

Anyone with information about Global Crossing, Gary Winnick, or Terrence McAuliffe in this matter, please contact Judicial Watch at 202-646-5172.
http://www.judicialwatch.org/printer_1382.shtml

2 posted on 11/11/2008 11:07:59 AM PST by ETL (Smoking gun evidence on ALL the ObamaRat-commie connections at my newly revised FR Home/About page)
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To: ReagansRaiders

Good grief. After winning four straight statewide elections, all the Democrats can come up with is Terry McAuliffe, Brian Moran, and Creigh Deeds? Seems to me that Tom Davis would beat the crap out of any of these clowns, if the right wing will let him.


3 posted on 11/11/2008 11:12:26 AM PST by Dems_R_Losers (NEVER FORGET -- it all started with Fannie Mae and the Democrats!)
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