RNC Chief: McAuliffe Clean on Global Crossing (IS RNC Chief STUPID OR TRAITOR?)

NEWSMAX ^ | JULY 21, 2002 | CARL LIMBACHER

[TheEaglehasLanded]

Sunday July 21, 2002; 12:54 a.m. EDT RNC Chief: McAuliffe Clean on Global Crossing

Republican National Committee chairman Marc Racicot gave his Democratic counterpart Terry McAuliffe a clean bill of health Saturday night on one of the Democratic Party's biggest political liabilities - McAuliffe's suspicious involvement with the now collapsed communications giant Global Crossing.

"I've been invited to comment about Terry McAuliffe and his engagement with Global Crossing," Racicot told Fox News Channel's Rita Cosby. "You want to know the truth of the matter - I haven't seen anything that was done that was wrong by Terry McAuliffe. And I refuse to offer comment."

In 1999 McAuliffe sold his shares in the book-cooking communications company, reaping an $18 million profit on an initial investment of $100,000.

Still, Racicot insisted that Republicans must continue to take the high road despite relentless Democrat attempts to tie the GOP to the recent wave of corporate corruption.

"I think that's what we've got to do in our discussion of these issues is to be disciplined, to be leaders," Racicot told Fox News. "Talk about things when they're wrong, fix mistakes when they're made, but not to opportunistically try to take advantage of people."

The top GOP strategist called political attacks based on scandal "terribly corrosive," and complained that Democrat accusations that he did something wrong by helping draft a bill helpful to Enron were "hurtful."

Racicot's comments seemed to be part of President Bush's policy of unilateral disarmament on scandal issues, emanating from his call at the outset of his administration for "a new tone in Washington."

Still, the GOP chief's decision to surrender the Global Crossing issue amounts to a massive propaganda victory for Democrats and is sure to undermine whatever interest Republicans had in holding congressional hearings into the McAuliffe scandal.

Meanwhile, Bush opponents continued to throw everything but the kitchen sink at Racicot's boss.

At a Tennessee fund-raiser on Saturday, former Vice President Al Gore played the scandal card yet again, charging that the Bush administration had "lied about the future liabilities they have put on our shoulders as taxpayers."

Gore's comments followed by hours an attack on Bush by ex-President Clinton, who told an Oregon fund-raiser Friday night that the Bush administration had squandered the nation's economic prosperity on tax cuts for the rich.

"The Republicans took us from the biggest surplus in history back to a deficit," Clinton complained to cheers from the crowd.

Read more on this subject in related Hot Topics:

Bush Administration DNC Global Crossing Scandal RNC

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[TheEaglehasLanded]

THESE MORONS DON'T DESERVE OUR SUPPORT, THEY LET DEMRATS BASH BUSH AND REPUBLICANS OVER THE HEAD EVERY DAY ABOUT STUFF THEY AREN'T EVEN DOING AND MAKE ASSANINE STATEMENTS LIKE THIS TO GIVE TERRY MCAULIFF A CLEAN BILL OF HEALTH BEFORE IT'S EVEN LOOKED INTO AND TAKES SOMETHING THAT WE CAN USE AGAINST DEMOCRATS AWAY FROM THE ARSENEL.

[Rockitz]

Sorry, but the public sees McAuliffe's bashing for the politics that it is and this olive branch by Raciot makes every susbsequent bash by him [McAuliffe] look extremely petty.

[Libertina]

All I can surmise is that BOTH parties have got so much dirt on each other that no one can lay a hand on either side. There must be a literal room filled with FBI files... It looks weak, it is weak. Unfortunately, typical Republican leadership response.

[billybudd]

Maybe Racicot has some skeletons in his own closet.

[Libertina]

PS: While this man excuses McAuliffe, I see he makes NO mention of Vice President Cheney's innocence. Or President Bush's for that matter. Guess he must have just forgotten with all the "pressure" to get on that "high road." /sarcasm

[cryptical]

The Republicans are always portrayed as 'mean-spirited' by the DemocRATs. I'd like to see a little of that, rather than the constant retreat. Taking the high road and letting the leftists control the debate does no good.

Maybe I'm just an amateur when it comes to politics, but it seems to me that letting someone disrespect you constantly
shows weakness.

[backhoe]

Clinton's Party - Terry McAuliffe, friend of Bill, seizes ...
... Clinton's Party - Terry McAuliffe, friend of Bill, seizes the Democratic reins.
Politics/Elections Editorial Source: Weekly Standard Published: January 1 ...

Clinton-Carey Sugar Daddy Terry McAuliffe, in Hot Water [ ...
... Clinton-Carey Sugar Daddy Terry McAuliffe, in Hot Water Crime/Corruption Opinion
(Published) Keywords: HE HELPED BILL & HILL BUY THEIR DREAM HOME; COULD THAT ...

TERRY MCAULIFFE - DNC CHAIRMAN - WAS KEY DEFENDENT IN LORAL ...
... TERRY MCAULIFFE - DNC CHAIRMAN - WAS KEY DEFENDENT IN LORAL SHAREHOLDERS CASE ie.
CHINAGATE- - # 10 Crime/Corruption News Source: Judicial Watch Published: 7/23 ...

INSTANT BOOKMARK !!! ~ Eight Long Years ~ WSJ. ~ Who Is ...
... Teamsters head Ron Carey, AFL-CIO official Richard Trumka, former White House deputy
Chief of Staff Harold Ickes and top Clinton fund-raiser Terry McAuliffe. ...

Kickback Convicts for Clinton [Free Republic]
... Teamsters head Carey, AFL-CIO official Richard Trumka, former White House deputy
Chief of Staff Harold Ickes and top Clinton fund-raiser Terry McAuliffe. ...

Timeline of Union Real Estate Deals [Free Republic]
... Thereby insuring that Terry McAuliffe, Laura Hartigan and
Harold Ickies will never see the inside of a courtroom. ...

Who's Who: Sorting Out the Clinton Pardons [Free Republic]
... of Mike Espy's brother Clinton Link: Espy was Clinton's agriculture secretary;
petition was pushed by Clinton pal Terry McAuliffe Outcome: Paid fine, spent ...

Outline of Clinton Scandals [Free Republic]
... Marc Rich Riady Hambrecht & Quist Molten Metals Public Broadcasting Teamsters Terry
McAuliffe Others Bypass by Executive Orders Foreign Policy Antiquities Act ...

Lazio suing fund-raiser over ties to McAuliffe

[Elle Bee]

Global Crossing: Labor's Questionable Windfall

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Federal Officials Probe Stock Offer To Union Chiefs by Global Crossing ~ WSJ.

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Ex-Governor to Look Into Union Stock Deal [AFL-CIO / Global Crossing]

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A Link To Global Crossing, Terry McAuliffe and AFL-CIO

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Looking for a LM-2, LM-3, or LM-4 Annual Financial Report from the Department of Labor? Visit http://www.dol-union-reports.gov .

National Legal and Policy Center
Organized Labor Accountability Project
UNION CORRUPTION UPDATE (execerpt)
July 22, 2002 -- Vol. 5, Issue 15
http://www.nlpc.org

For Influential Leaders & Important Decision Makers: Information on America's most corrupt & aggressive unions

LABOR LAW REFORM
Sen. McConnell Cites NLPC in Demanding Corporate and Union Accountability Pointing, on the floor of the U.S. Senate, to a stack of union corruption reports compiled by NLPC, Sen. Mitch McConnell (R-Ky) argued on July 10 that legislation on corporate accountability should also include unions.

McConnell spoke in support of his amendment to the Public Company Accounting Reform and Investor Protection Act, which would require unions with an annual income over $200,000 to use the same strict standards for their annual financial reports filed with the U.S. Dept. of Labor (DOL) as public corporations, and that they submit their reports to audits by a certified public accountants.

Pointing to the *stack* of NLPC's union corruption reports just for 2002, McConnell recounted 17 of those crimes, then revealed that the DOL's Office of Labor-Management Standards reported an average of 12 indictments and 11 convictions of union fraud per month over the last four years. *We have a choice,* McConnell concluded: *We can extend to American workers the same financial protection afforded corporate shareholders [since 1933], or we can extend to unions the ability to continue to pilfer and profit off the workers' money. That is the choice.*

The Senate voted, 55-43, to table McConnell's amendment without voting on it.. The complete text of Sen. McConnell's speech can be read on NLPC's web site at http://www.nlpc.org/olap/020710mc.htm

.

[section9]

In this atmosphere, one never engages is attacks that the public might consider petty or "partisan". Right now, the American people are not interested in attack ads and such. They want to focus on problem-solving. Now, remember, Racicot said that he hadn't "seen" anything wrong done by Terry.

That's a far cry from claiming that McAuliffe is as clean as a hound's tooth. If the SEC, et al, finds that TMC has problems, nothing Racicot says will matter. TMC will be damaged goods.

Be Seeing You,

Chris

[steve50]

There are some Mena type rumors floating around on him.

[knarf]

"You want to know the truth of the matter - I haven't seen anything that was done that was wrong by Terry McAuliffe. And I refuse to offer comment."

Well there's an intelligent and mature comment if I wever heard one.

[eeriegeno]

And you believe that the SEC is seriously investigating McAuliff and that the Justice Dept will be issuing indictments? I don't think so! Political and corporate justice is a bit different than the 'average joe citizen' justice.

[alrea]

THEY LET DEMRATS BASH BUSH AND REPUBLICANS

1. the SEC is all over this anyway

2. even some in the Clinton Brigade media are looking at this one it is so rotten

3. insiders beginning to talk to avoid jail and McAuliffe has done things that will make the savngs and loan scandal look like small money

4. Republicans know from polls that the public is seeing the 90's the decade of the CLINTON COLLAPSE and THEY WANT THE REAGAN REPUBLICANS TO RE-RESCUE THE COUNTRY AND THEIR PORTFOLIOS

5. Gephfart and Dashole and QUEEN HILLARY OF NEW YORK are so weakened that the Republican Party wants them to be around

6. some in the media are beginning to trust Republicans more than Greenspan and they are seeing Rubin and Goldman Sacks as the creator of the Enron monster

7. moderate SWING VOTERS have lost significant money and are coming to the Bush party in droves; many are flat scared and even tie 911 directly to Clinton policy

8. REPUBLICANS are issuing a no more bash rule because of these positive realities

9. the Chandra Levy case scared people badly and the public associates Condit with Clinton and political murder; showing a commercial with a picture of Levy drives up Republican poll numbers anywhere

10. Republicans are so tied to strong military that public panic insures huge moderate turnout and mass lean to the Republican candidates

This information has been gathered from pollsters and stock traders. Get your flags up folks.

[Hacksaw]

I think it is an attempt to show that he is "not getting in the sandbox" with the greasy Terry. However, I believe many Americans have been dumbed down in the past years and it will not register with them.

We need a Lee Atwater. Of course, he would be criticized for things that Begala and Carvile would be given a wink and a grin for, but we simply have to put up with it.

[dalereed]

You're dreaming!

It's past time to get mean and nasty.

Because of their goodie goodie approach plus supporting "moderates" I threw another request for money from the RNC in the trash that came in the mail yesterday.

[McGruff]

Just another reason I'm starting to consider myself a conservative and not a republican.

[Dick Bachert]

No, they're not stupid: They're BRAIN DEAD.

With apologies to and much empathy for those who have lost so much in the Enron debacle, this is a MUCH BIGGER story than Enron.

[sultan88]

"Republican National Committee chairman Marc Racicot gave his Democratic counterpart Terry McAuliffe a clean bill of health Saturday night on one of the Democratic Party's biggest political liabilities - McAuliffe's suspicious involvement with the now collapsed communications giant Global Crossing..."

Well, isn't that special!

[shrinkermd]

"In 1999 McAuliffe sold his shares in the book-cooking communications company, reaping an $18 million profit on an initial investment of $100,000".

There is nothing wrong with this. Flipping an investment and taking your profits is not illegal. Incidentally, George Herbert Walker Bush gave a speech for $70,000(?)to Global Crossing and Mr. Winnick. Instead of cash he was given shares of the corporation at less than 1$.Former President Bush then put these in a trust and sold half of them in 1999 or 2000 for 5 million! The only reason I know this, is I was a holder of Global and former President Bush had to file a form with the SEC to sell the stock.

I don't think President George Herbert Walker Bush did anything wrong either. Ditto for Winnick. What happened to this investment was a downturn or markedly reduced expectations in revenues for their optic fiber network. Too much debt and not enough equity. A failed business plan but one subscribed to by many on Wall Street. In its hey day the idea of debt leveraging equity was "in." When the economy or the market turns the management of these corporations find they cannot service the debt and they bankrupt.

Envy and Jealousy are the usual motives when people discuss speculators and successful people in general. It is important to discriminate between what is illegal and what is disliked.

[cynicom]

There was some reason that he would not run for office when he was urged to do so. With twits like this, we may as well capitulate now, lay down for the slaughter.