Posted on 08/18/2009 4:04:25 PM PDT by taildragger
Edited on 08/18/2009 4:25:51 PM PDT by Admin Moderator. [history]
The allegations in this Bloomberg story --if true-- pose a huge problem for a senior advisor to the president, David Axelrod. This is the heart of the problem:
Axelrod was president and sole shareholder of AKPD from 1985 until he sold his interest after Obama’s victory, government records show. The firm owes Axelrod $2 million, which it’s due to pay in installments beginning Dec. 31. Axelrod’s son, Michael, still works there. He didn’t return a phone call. The firm’s Web site continues to feature David Axelrod’s work on the Obama campaign. (Emphasis added.)
The problem is that Axelrod's former firm is currently receiving huge fees "from Healthy Economy Now, a coalition that includes the Washington-based Pharmaceutical Research & Manufacturers of America, known as PhRMA," as well as AARP, the SEIU and other big players in the health care debate.
If Axelrod has been negotiating any part of any deal involving any of these players which are funneling money to the firm that owes him money, or if he is advising the president on the deals with any of these groups, that's a conflict of interest. Laundering the money through a "coalition" doesn't remove the conflict much less the appearance of impropriety. The coalition is in effect partially funding David Axelrod's severance package though its members might have done so unknowingly. These forthcoming payments to Axelrod are much more significant than the sort of "retained ties" that Democrats blasted Dick Cheney for vis-a-vis Halliburton even though there was no high level negotiations between the vice president and his former company.
David Axelrod has some tough questions to answer, and according to Politico's Mike Allen, Politico's Ken Vogel will be publishing more on matters Axelrodian tomorrow. (Thetranscript of my interview with Allen will be posted here later tonight.) Vogel's story on Axelrod's son from a few days back casts doubt on the Bloomberg story's accuracy as Bloomberg has Axelrod's son still at Axelrod's old firm, but Vogel has him at The Huffington Post.
If it was Karl Rove in a similar set of circumstances, the blogs and some in MSM would already be demanding a special prosecutor. There are lots of questions for Mr. Axelrod, the first one being whether the Bloomberg story is accurate. if the answer is "yes," the second will be: "Have you lawyered up?"
Katie Colon would be on it except she has an exclusive that Sarah Palin may have copied on a test in 3rd grade.
Pray for America and Our Troops
Rush and Glen can get to them... then, its up to us to scream for their ouster.
silly man, that would only be a huge problem for a Republican...
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.