Posted on 04/21/2007 1:25:21 PM PDT by shrinkermd
Management Fees Exceed Political Donations From Tennessee Presidential Hopeful's Account
In the five years since Republican Fred Thompson left the Senate, he has maintained his political fund-raising account -- and it has paid more money to his son than it has contributed to help elect Republicans to Congress, records show.
Mr. Thompson, of Tennessee, announced that he would not seek re-election to the Senate in 2002. But since then, his political action committee has paid $244,000 in "management/consulting fees" to his son's consulting firm in Nashville, according to reports filed with the Federal Election Commission.
During the same period, the Fred D. Thompson PAC donated a total of $225,000 to Republican candidates and party organizations, according to the reports.
...Mrs. Clinton's HILLPAC has paid about $2 million in salaries since 2002, while contributing $2 million to Democratic candidates for office. Mr. Edwards's PAC paid about $1 million in salaries while contributing $200,000 to Democrats when he used it during the 2002 and 2004 elections. Mr. Edwards primarily used his PAC to fund his political career, rather than to contribute to Democratic candidates. Mr. Obama, who only had a PAC for the 2006 election, paid about $500,000 in salaries and donated $770,000 to Democrats.
(Excerpt) Read more at online.wsj.com ...
Apprently, according to the WSJ, it is common to have a PAC after leaving office; however, this seems self-serving and not an easy thing to justify.
Ping!
Come on. Nothing wrong with FredT keeping the books on his PAC open for some possible future use. After all, his working career was as a lawyer, actor and politician. Nothing illegal about it.
there is nothing here, the $$$ amounts here are tiny.
So what? There is nothing illegal or unusual in using PAC monies in this way. Until the laws change, it’s “free” money to the candidates who gathered it.
About $49,000 a year. You don't get a lot for this.
Yet they focus on Fred, when the Hildebeast has just about the same ratio, just larger amounts.
Another demonstration of how they FEAR THE FRED.
If he's not involved in politics, there's no need for the funds. If it's for future use, it should have been saved for future use in politics and not given to his son. It may not be illegal, but it should be. It does give a strong appearance of impropriety.
I don't vouch for the accuracy, but I understand the contributions are public record and this is where Open Secrets collects the info.
Fred D Thompson PAC
PAC Contributions to Federal Candidates
2006 Cycle
House Candidate Total Contribs:
Dewine, R Pat (R-OH) $4,200
Wolf, Frank R (R-VA) $1,000
Senate Candidate Total Contribs
Allen, George (R-VA) $1,000
Bryant, Ed (R-TN) $1,000
Clinton, Hillary (D-NY) $1,000
Corker, Bob (R-TN) $6,000
DeWine, Mike (R-OH) $2,000
Graham, Lindsey (R-SC) $2,000
Lieberman, Joe (I-CT) $2,000
Steele, Michael (R-MD) $1,000
~~~~~
Can someone research and confirm or refute this?
Uh oh. Could there be an explanation?
“Based on data released by the FEC on Monday, February 19, 2007. Figures in parentheses denote negative numbers, and may indicate returned contributions or bounced checks. “
Full list of expenditures:
http://www.opensecrets.org/pacs/expend.asp?strID=C00325498&Cycle=2006
“Hilleary for Senate, Nashville, TN $1,000 7/25/2006”
Do you suppose there was a “Hilleary” running for Senate, who is not identical to Hillary?
But in the summary of contributions to Federal candidates it’s made clear that the donation was to Hillary Clinton.
his son’s company better have some damned good records of how that money was spent ... this is a hard pig to put lipstick on.
There was someone named “Van Hilleary” or something like that.
Now that you mention it, Van Hilleary did run for the Tennessee Senate seat in 2006. I’m not saying that’s what this contribution was about, but it seems reasonable.
Ok- let’s nip THIS sucker in the BUD:
http://www.issues2000.org/Senate/Van_Hilleary.htm
Van Hilleary, state Senate TENNESSEE.
Whoever is doing the fair reporting is going to hear from at least one pissed off Republican
Let me fix that for you:
Apprently, according to the WSJ, it is common to have a PAC after leaving office; however, this seems self-serving and not an easy thing to justify, rather than wait and find out the facts, I'll just use this to attack Thompson while I can, showing my own laziness and ignornace.
There; that's much better.
Open Secrets gives a link to the actual documents filed.
http://www.opensecrets.org/pacs/lookup2.asp?strid=C00325498&cycle=2006
Official PAC Name:
THE FRED D. THOMPSON PAC
Location: NASHVILLE TN, 37215
Industry: Leadership PACs; Republican officials, candidates & former members
Treasurer: SUZIE BROWNING Treasurer
FEC Committee ID: C00325498
(Look up actual documents filed at the FEC)
The link to “actual documents filed at the FEC”
takes you to:
http://herndon1.sdrdc.com/cgi-bin/fecimg/?C00325498
Presented by the Federal Election Commission
TRY A: NEW SEARCH RETURN TO: FEC HOME PAGE
Committee ID: C00325498
THE FRED D. THOMPSON PAC
2400 CRESTMOOR ROAD SUITE 319
NASHVILLE, TN 37215
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