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Mon Jan 7, 2013, 08:22 PM

Tea Party documents show it's the toy of a few super wealthy idiots

http://www.motherjones.com/politics/2012/12/freedomworks-rich-donors-armey-kibbe-super-pac

(go to article to see view graphs of board of directors meeting of Freedom Works)

FreedomWorks, the national conservative group that helped launch the tea party movement, sells itself as a genuine grassroots operation, and for years it has battled accusations of "astroturfing"—posing as a populist organization while doing the bidding of big-money donors. Yet internal documents obtained by Mother Jones show that FreedomWorks has indeed become dependent on wealthy individual donors to finance its growing operation.

Last month, the Washington Post reported that Richard Stephenson, a reclusive millionaire banker and FreedomWorks board member, and members of his family funneled $12 million in October through two newly created Tennessee corporations to FreedomWorks' super-PAC, which used these funds to support tea party candidates in November's elections. The revelation that a corporate bigwig like Stephenson, who founded the Cancer Treatment Centers of America and chairs its board, was responsible for more than half of the FreedomWorks super-PAC's haul in 2012 undercuts the group's grassroots image and hands ammunition to critics who say FreedomWorks does the bidding of rich conservative donors.


Big donations like Stephenson's are business as usual for FreedomWorks. According to a 52-page report prepared by FreedomWorks' top brass for a board of directors meeting held in mid-December at the Virginia office of Sands Capital Management, an investment firm run by FreedomWorks board member Frank Sands, the entire FreedomWorks organization—its 501(c)(3) and (c)(4) nonprofit arms and its super-PAC—raised nearly $41 million through mid-December. Of that total, $33 million—or 81 percent of its 2012 fundraising—came in the form of "major gifts," the type of big donations coveted by nonprofits and super-PACs. (FreedomWorks' nonprofit components do not have to disclose their funders.)

Well-heeled individual contributors ponied up $31 million—or 94 percent—of those major gifts, according to the FreedomWorks board book. Eight donors gave a half-million dollars or more; 22 donated between $100,000 and $499,999; 17 cut checks between $50,000 and $99,999; and 95 gave between $10,000 and $49,999. Foundations contributed $1.6 million in major gifts, and corporations donated $330,000. Corporations once accounted for more of FreedomWorks' hefty donations. In a memo included in the report, David Kirby, FreedomWork's vice president for development, and senior adviser Terry Kibbe wrote, "This year continued our trend of relying less and less on corporate support." At the same time FreedomWorks expanded its small donor ranks from 41,794 in 2011 to 81,081 in 2012. More than 30,000 of those small donors gave between a dollar and $99 this year.
(more)

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Reply Tea Party documents show it's the toy of a few super wealthy idiots (Original post)
Bill USA Jan 2013 OP
samsingh Jan 2013 #1
zbdent Jan 2013 #2
MissMarple Jan 2013 #3
Bill USA Jan 2013 #4
liberal N proud Jan 2013 #5
DavidDvorkin Jan 2013 #6
awoke_in_2003 Jan 2013 #8
yurbud Jan 2013 #7

Response to Bill USA (Original post)

Mon Jan 7, 2013, 08:24 PM

1. they completely are tools of the rich

and they're too stupid to know it.

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Response to samsingh (Reply #1)

Mon Jan 7, 2013, 08:32 PM

2. They probably do know it ...

they just are more than happy to accept it ... and in fact, love it!

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Response to zbdent (Reply #2)

Mon Jan 7, 2013, 08:45 PM

3. Very good point.

They think it "elevates" themselves. Pathetic.

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Response to zbdent (Reply #2)

Mon Jan 7, 2013, 08:47 PM

4. "I can hire half the working class to kill the other half" - Jay Gould, financier, schmuck

Last edited Tue Jan 8, 2013, 07:33 PM - Edit history (1)

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Response to Bill USA (Original post)

Mon Jan 7, 2013, 08:52 PM

5. And the stupid who do their bidding are their game pieces.

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Response to Bill USA (Original post)

Mon Jan 7, 2013, 09:42 PM

6. Those few super wealthy people aren't the idiots.

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Response to DavidDvorkin (Reply #6)

Tue Jan 8, 2013, 01:04 PM

8. +1. nt

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Response to Bill USA (Original post)

Tue Jan 8, 2013, 12:52 PM

7. It's astroturf

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