Labor's Pains

Monday, March 26, 2012

At long last, Michelle Rhee's funders revealed | MinnPost

At long last, Michelle Rhee's funders revealed | MinnPost

According to Resmovitz, in response StudentsFirst named the Texas-based Laura and John Arnold Foundation and New Jersey hedge fund mogul David Tepper, who also founded and funds the group’s New Jersey offshoot.

The group also received $500,000 in startup funding from philanthropists Eli and Edythe Broad’s Broad Foundation, which has championed a host of education reforms, most of them fairly characterized as conservative efforts.

Resmovitz then looked up the donors’ track records, using Federal Election Commission records:
Tepper has given upwards of $23,000 to the Democratic National Committee; $5,000 to Glacier PAC, a backer of Democratic Rep. Max Baucus -- and $5,000 to Mitt Romney for President this December. This January, he gave $375,000 to Restore Our Future, a Romney PAC….
Billionaire John Arnold, a former Enron trader, and his wife Laura, were slated to host in their Houston home a $10,000-ticket Obama fundraiser to feature Michelle Obama last October (the event was postponed). Arnold describes himself as a libertarian, and his wife Laura identifies as a Democrat. Still, Arnold was one of Obama's top 2008 donors, a bundler who gave the campaign between $50,000 and $100,000. According to Huffington Post's FundRace, he has given $35,800 to the Obama Victory Fund 2012….
Arnold is currently funding efforts to have legislatures convert the pensions of public employees, such as teachers, into 401k plans. According to the Arnold Foundation's most recent tax returns, it had $650 to $750 million in assets in 2010.
Back to Put Kids First Minneapolis: The local group was born before Rhee’s became a household name, when a handful of Minneapolis residents unhappy with the way MPS staffs schools began comparing notes. Many of the changes they seek are similar to the reforms that landed Rhee in the hot seat in the first place, although even a brief tour of their website will reveal a much more measured tone.

LP - It is stunning to find these groups not satisfied with bribing one side when they can bribe both. It's just a simple action of buying America's politicians so they can destroy America's social structure.

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