Martha Stewart: Democrat Mega-Donor

NewsMax ^ | 6/25/02 | Carl Limbacher and NewsMax.com Staff

[NormsRevenge]

Tuesday June 25, 2002; 5:29 p.m. EDT

Martha Stewart: Democrat Mega-Donor

Embattled doyenne of domesticity Martha Stewart has been a major Democratic Party donor for most of the 1990's, giving the legal maximum to the campaigns of Bill Clinton, Hillary Clinton and Al Gore, along with more than a hundred thousand dollars in additional cash to related Democratic causes.

Federal Election Commission records reviewed by NewsMax.com showed that Stewart has given nearly $170,000 to Democratic Party accounts since 1992, including $3,000 to Bill Clinton for his 1992 and 1996 presidential campaigns, $2,000 for Gore's 2000 White House bid and $1,000 for Hillary Clinton's New York Senate campaign.

Stewart's donations to combined Democratic accounts were much more generous, with her largest single contribution - $75,000 - funneled into the Democratic Party's "Unity" account in 2001. She gave another $25,000 in 2001 to the Democratic Congressional Campaign Committee.

In September 2000, the lifestyle diva also kicked in $10,000 to the Democratic National Committee.

Since insider trading charges began to swirl around the home advice maven two weeks ago, the price of her stock in Martha Stewart Omnimedia has fallen by some $200 million, according to the New York Daily News.

On Monday alone she lost $105 million on paper.

Stewart is accused of selling her investment in ImClone based on an insider tip from the company's owner, Sam Waksal, a close Stewart friend who was arrested on insider trading charges last week.

A phone log uncovered by investigators Monday suggests that on Dec. 27, Stewart got a call from her broker, Peter Baconovic, telling her the bottom was about to drop out of the stock's price.

The log undermines Stewart's claim that she had a standing stop-loss order with Baconovic to sell ImClone stock when it dropped below $60 per share.

Baconovic, who also sold ImClone stock for Waksal and his daughter, was suspended by brokerage house Merrill Lynch last Friday.

Stewart's donor records showed no contributions to Republicans.

[cynicom]

I wonder if when she gave all that money, she expected something in return? Nawww... Just doing her civic duty.

[McGruff]

credit: NY Post, Sean Delonas, June 14, 2002

[Hap]

Stop it, you're killin' me!

[LilithUnfair]

Agreed.

[SunnyShine]

This is your S-I-L's oldest daughter. First of all I would like to say hello, being that we haven't spoken in many years. And thank you for being there when we needed you, and I hope "J" is doing great.I just happened to fall upon this site. There was no quessing as to who wrote this. You almost nailed it on the head. You say he was abusive, but you, I am assuming, didn't know the extent to the abuse. Living with Frank Kostyra was unbearable. I left my mother and Frank at the age of 15. It was horrid. My little sister hasn't heard from Frank in almost a year. No calls, no cards,nothing. Altho if anyone was to ask me, I'd say she is better off. After the Martha Stewart Movie this evening, the local news interviewed Frank. He is right here in Foley, yet he can't pick up the phone. I would like to make one correction to what it is you wrote.

Frank bought the house long before my mom got pregnant.

Take care, and God Bless
illbay? Studing piglattin?

[daybreakcoming]

Embattled doyenne of domesticity Martha Stewart has been a major Democratic Party donor for most of the 1990's, giving the legal maximum to the campaigns of Bill Clinton, Hillary Clinton and Al Gore, along with more than a hundred thousand dollars in additional cash to related Democratic causes.

[Fiddlstix]

ROFLMAO!
Good List!
LOL