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Who are the wealthy backers smearing Elizabeth Warren?
It's looking like some big money is behind an effort to smear Elizabeth Warren.
http://www.exposedbycmd.org/2017/04/28/whos-behind-the-billionaire-pac-targeting-elizabeth-warren/?utm_content=buffer77093&utm_medium=social&utm_source=twitter.com&utm_campaign=buffer
A billionaire-backed conservative group is targeting Sen. Elizabeth Warren of Massachusetts as she tours the country in support of her new book, according to a memo obtained by Politico.
“We view (the) book launch as the soft launch of her presidential campaign,” said executive director Colin Reed. “We’ll do the same to her as we did with Hillary Clinton in 2014,” Reed added.
America Rising’s backers would stand to lose some cushy tax breaks and regulatory favors if the progressive policies advocated by Sen. Warren were enacted. For her part, Warren denies that she’s running for the presidency and notes that this is her 11th book.
America Rising is tracking a number of potential contenders for the 2020 Democratic presidential nomination, including Sen. Bernie Sanders of Vermont, Sen. Kirsten Gillibrand of New York, Sen. Cory Booker of New Jersey, Gov. Andrew Cuomo of New York, and Sen. Kamala Harris of New York.
The group appears to be taking special interest in Warren, however. Reed’s memo cites her “enormous sway” over the party and describes her – inaccurately — as its “titular head.” (Reed does not appear to know what the word “titular” means.)
America Rising was formed in 2013 by Matt Rhoades, the director of Mitt Romney’s failed 2012 presidential campaign, and it represents the worst of what our current political system offers. Its goal is not to debate the issues or offer solutions to the nation’s problems. Instead, the PAC gets cash from big-money donors and spends it trying to tear down its political opponents.
The group’s million-dollar-plus budget is funded by a bevy of high-dollar backers. The list of donors during the 2014 and 2016 election cycles includes:
Hedge-fund billionaire Paul Singer, who specializes in “vulture capitalism” – purchasing distressed assets and squeezing every last dollar out of them. Singer’s fund earned the “vulture” label by purchasing the debts of distressed governments like Panama’s and Peru’s, and then pressuring the authorities to force repayment. In Argentina’s case, the fund’s tactics including seizing an Argentine vessel docked in an African port.
Singer, a major Republican donor, is the founder of a hedge fund called Elliott Management Corporation. He flooded New York’s 19th Congressional district with money last year in order to successfully defeat reform Democrat Zephyr Teachout. Teachout offered to debate Singer, whom she labeled “the actual voice” of her opposition, but he declined to respond. Singer was America Rising’s largest reported donor.
Wrestling magnate Linda McMahon, who ran the World Wrestling Entertainment empire with husband Vince McMahon and is now Donald Trump’s head of the Small Business Administration. McMahon gave $6 million to Trump’s campaign – money Trump has reportedly used in ethically dubious ways.
“We view (the) book launch as the soft launch of her presidential campaign,” said executive director Colin Reed. “We’ll do the same to her as we did with Hillary Clinton in 2014,” Reed added.
America Rising’s backers would stand to lose some cushy tax breaks and regulatory favors if the progressive policies advocated by Sen. Warren were enacted. For her part, Warren denies that she’s running for the presidency and notes that this is her 11th book.
America Rising is tracking a number of potential contenders for the 2020 Democratic presidential nomination, including Sen. Bernie Sanders of Vermont, Sen. Kirsten Gillibrand of New York, Sen. Cory Booker of New Jersey, Gov. Andrew Cuomo of New York, and Sen. Kamala Harris of New York.
The group appears to be taking special interest in Warren, however. Reed’s memo cites her “enormous sway” over the party and describes her – inaccurately — as its “titular head.” (Reed does not appear to know what the word “titular” means.)
America Rising was formed in 2013 by Matt Rhoades, the director of Mitt Romney’s failed 2012 presidential campaign, and it represents the worst of what our current political system offers. Its goal is not to debate the issues or offer solutions to the nation’s problems. Instead, the PAC gets cash from big-money donors and spends it trying to tear down its political opponents.
The group’s million-dollar-plus budget is funded by a bevy of high-dollar backers. The list of donors during the 2014 and 2016 election cycles includes:
Hedge-fund billionaire Paul Singer, who specializes in “vulture capitalism” – purchasing distressed assets and squeezing every last dollar out of them. Singer’s fund earned the “vulture” label by purchasing the debts of distressed governments like Panama’s and Peru’s, and then pressuring the authorities to force repayment. In Argentina’s case, the fund’s tactics including seizing an Argentine vessel docked in an African port.
Singer, a major Republican donor, is the founder of a hedge fund called Elliott Management Corporation. He flooded New York’s 19th Congressional district with money last year in order to successfully defeat reform Democrat Zephyr Teachout. Teachout offered to debate Singer, whom she labeled “the actual voice” of her opposition, but he declined to respond. Singer was America Rising’s largest reported donor.
Wrestling magnate Linda McMahon, who ran the World Wrestling Entertainment empire with husband Vince McMahon and is now Donald Trump’s head of the Small Business Administration. McMahon gave $6 million to Trump’s campaign – money Trump has reportedly used in ethically dubious ways.
More details at the link.
Warren is one of the strongest and hardest working progressive voices in the Democratic party, and her efforts against the huge banking behemoths has painted a great big target on her back for big money to try to smear her, much in the same way the GOP has smeared Hillary for over 30 years.
Don't fall for it. Don't let the wealthy entirely unethical right from dividing the left. Support progressive voices.
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