Democratic Underground Latest Greatest Lobby Journals Search Options Help Login
Google

Pritzker backs out of running for Commerce post

Printer-friendly format Printer-friendly format
Printer-friendly format Email this thread to a friend
Printer-friendly format Bookmark this thread
This topic is archived.
Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU
 
jefferson_dem Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-20-08 09:22 PM
Original message
Pritzker backs out of running for Commerce post
Pritzker backs out of running for Commerce post
Obama fundraiser part of publicity-shy family with huge financial empire

By Mike Dorning | Washington Bureau
7:55 PM CST, November 20, 2008

WASHINGTON - Chicago billionaire Penny Pritzker, who led the prolific fundraising that helped power Barack Obama's presidential campaign, said Thursday that she had taken herself out of the running for an appointment as Commerce Secretary.

"Speculation has grown that I am a candidate for Secretary of Commerce. I am not," Pritzker said in a statement issued following news reports that Obama had settled on her as his first choice. "I think I can best serve our nation in my current capacity: building businesses, creating jobs and working to strengthen our economy."

A member of one of the nation's wealthiest families, Pritzker has known Obama since the mid-1990s and has been a financial patron of his political career since the early days of his U.S. Senate campaign. She provided a valuable bridge to the national and regional business elite as finance chairman for Obama's presidential campaign.

But nomination for a Cabinet post would impose significant scrutiny and financial disclosure requirements upon a powerful businesswoman who oversees a portion of her family's giant financial empire, which includes the Hyatt Hotel chain but also ranges from construction equipment to a credit data company.

Although the Pritzkers are prominent philanthropists in Chicago, the family is famously publicity-shy about its business dealings. An Obama transition official said that Pritzker never submitted information for vetting which Obama requires of candidates because she informed the team she was not interested in an appointment.

<SNIP>

http://www.chicagotribune.com/news/chi-pritzker-web-nov21,0,6167352.story
Printer Friendly | Permalink |  | Top
glitch Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-20-08 09:29 PM
Response to Original message
1. Good.
Printer Friendly | Permalink |  | Top
 
FrenchieCat Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-20-08 09:32 PM
Response to Original message
2. Tired of the leaks....that CNN announces and prints as gospel every night.
Someone needs to rescind their "best political team on television" title ASAP.
Printer Friendly | Permalink |  | Top
 
mucifer Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Nov-20-08 09:52 PM
Response to Original message
3. This is good. Pritzkers have a bad reputaion in Chicago. Their family squables are
legendary. I'm sure she didn't pass the vetting process. She does give large donations to good causes. I'm happy about that.
Printer Friendly | Permalink |  | Top
 
DU AdBot (1000+ posts) Click to send private message to this author Click to view 
this author's profile Click to add 
this author to your buddy list Click to add 
this author to your Ignore list Thu Apr 25th 2024, 02:09 PM
Response to Original message
Advertisements [?]
 Top

Home » Discuss » Archives » General Discussion: Presidential (Through Nov 2009) Donate to DU

Powered by DCForum+ Version 1.1 Copyright 1997-2002 DCScripts.com
Software has been extensively modified by the DU administrators


Important Notices: By participating on this discussion board, visitors agree to abide by the rules outlined on our Rules page. Messages posted on the Democratic Underground Discussion Forums are the opinions of the individuals who post them, and do not necessarily represent the opinions of Democratic Underground, LLC.

Home  |  Discussion Forums  |  Journals |  Store  |  Donate

About DU  |  Contact Us  |  Privacy Policy

Got a message for Democratic Underground? Click here to send us a message.

© 2001 - 2011 Democratic Underground, LLC