Could this be the Obama administration’s Halliburton? The left attacked Dick Cheney’s ties to Halliburton and it’s no contract awards. David Axelrod’s situation with his firm AKPD appears to have similar issues regarding the current health care legislation.
Bloomberg broke the story:
Axelrod was president and sole shareholder of AKPD from 1985 until he sold his interest after Obama’s victory, government records show. The firm owes Axelrod $2 million, which it’s due to pay in installments beginning Dec. 31. Axelrod’s son, Michael, still works there. He didn’t return a phone call. The firm’s Web site continues to feature David Axelrod’s work on the Obama campaign.
While Hugh Hewitt followed up with further investigation into the matter:
The problem is that Axelrod’s former firm is currently receiving huge fees “from Healthy Economy Now, a coalition that includes the Washington-based Pharmaceutical Research & Manufacturers of America, known as PhRMA,” as well as AARP, the SEIU and other big players in the health care debate.
IfAxelrod has been negotiating any part of any deal involving any of these players which are funneling money to the firm that owes him money, or if he is advising the president on the deals with any of these groups, that’s a conflict of interest. Laundering the money through a “coalition” doesn’t remove the conflict much less the appearance of impropriety. The coalition is in effect partially funding David Axelrod’s severance package though its members might have done so unknowingly. These forthcoming payments to Axelrod are much more significant than the sort of “retained ties” that Democrats blasted Dick Cheney for vis-a-vis Halliburton even though there was no high level negotiations between the vice president and his former company.
AKPD isn’t the only firm that is set to make windfall profits from a health care reform bill. GMMB also worked for various Democrats, the DCCC, the DNC, and Obama’s campaign.
President Barak Obama’s push for a national health care overhaul is providing a financial windfall in the election offseason to Democraticthat are closely connected to the president and two top advisers.
Coalitions of interest groups running at least $24 million in pro-overhaul ads hired GMMB, which worked for Obama’s 2008 campaign and whose partners include a top Obamacampaign strategist. They also hired AKPD Message and Media, which was founded by David Axelrod, a top adviser to Obama’s campaign and now to the . AKPD did work for Obama’s campaign, and Axelrod’s son Michael and Obama’s campaign manager David Plouffe work there.
“We are deeply honored to have been part of Barack Obama’s historic campaign to change America and the world,” GMMB says on its Web site. GMMB’s partners include Jim Margolis, a senior strategist for Obama’s presidential campaign.
Both GMMB and AKPD also have worked for Democrats this year. The Democratic National Committee paid AKPD at least $106,000 for polling, media production, communication consulting and travel costs from February through April. The Democratic Congressional Campaign Committee paid GMMB roughly $75,000 from February through June for ads. And GMMB took in at least $9,000 this year from Senate leader Reid’s political action committee for communications consulting.
This hypocrisy goes hand-in-hand with Obama’s latest back-door deal with the health care industry/PhRMA. His deal was eerily similar to Bush’s drug deal which had the left screaming. Weeks after this deal was made, those on the far left and the more progressive end of the spectrum finally admitted the story was true. In fact the story was aired on Air America today of all places!
Unfortunately, this wouldn’t be new to Obama or any of his Chicago cronies, who act more like the mob than they do petty theft politicians. After reading Michelle Malkin’s “Culture of Corruption,” I am still learning much more than I ever imagined based on their pay-to-play politics as usual, rampant double standards, lies, and fraud. It’s as simple and basic as checking Michelle Obama’s progression through the ranks of her career as Obama moved up in state and eventually US politics.
To make matters worse, House Democrats have decided to conduct a witch hunt against specific health insurance companies. I do not believe that our constitution allows for witch hunts or going after a specific/select group. This is a discriminatory attack to silence dissent and to get their way on health care when the session begins in September.
Letters sent to 52 insurance companies by Democratic leaders demand extensive documents for an examination of ‘extensive compensation and other business practices in the health insurance industry.” The letters set a deadline of Sept. 14 for the documents.
Rep. Henry Waxman (D-Calif.), chairman of the House Energy and Commerce Committee, and Rep. Bart Stupak (D-Mich.), chairman of the Subcommittee on Oversight and Investigations, signed the three-page letter dated Monday.
An industry source replied when asked for comment: “This is nothing more than a taxpayer-funded fishing expedition designed to silence health plans.”
How is this legal? Should I assume that because the House passed the cap on executive pay, which is an unconstitutional piece of legislation, although I do agree that some executive compensation is in fact superfluous and harmful, that they can nows conduct searches/investigations on any individual, any community, any genre of business? I have an idea! If we are going to go after harmful business entities, why not conduct a witch hunt against Goldman Sachs, Morgan Stanley, AIG, Citibank, Bank of America, Country Wide, Fannie & Freddie, GE, CLN, The unions, and the Federal Reserve. Hell would freeze over for that to happen while the Democrats maintain a super majority, especially when Wall Streets gives almost 3x as much to Democrats as it does to Republicans.
This all sounds eerily fascist, I hate to say that, but this is much worse than the Patriot Act folks – this is appalling.