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Mon Dec 3, 2018, 02:20 PM

Donor list for No Labels filled with the biggest names in private equity and hedge funds

These are the bastards who tried to oust Nancy Pelosi as Speaker of the House:


. . .The group, which was founded as a champion of political bipartisanship, has been quietly courting donations from some of the most notoriously partisan money men and women in politics.

According to internal documents obtained by The Daily Beast, No Labels encouraged financiers known for backing hyperpartisan causes to back its own super PACs. Among those courted were individuals who’ve bankrolled massive parts of the Republican Party’s infrastructure, including David Koch, former AIG head Hank Greenberg, and billionaire hedge-fund manager Paul Singer; as well as top supporters of President Donald Trump, including PayPal founder Peter Thiel, businessman Foster Friess, and Home Depot founder Ken Langone. No Labels also courted liberal-minded moneymen, including Michael Vachon, a top political adviser to George Soros (one of the biggest funders of Democratic and progressive causes) and Reid Hoffman, an investor and entrepreneur who has called Trump “worse than useless.” The group also targeted Wendi Murdoch (ex-wife of Rupert and rumored Ivanka Trump pal), uber-agent Ari Emanuel, and Dallas Mavericks owner and oft-rumored presidential aspirant Mark Cuban. Another possible 2020 candidate, former New York City Mayor Michael Bloomberg, was also among dozens of high net-worth individuals approached about donating to No Labels’ super PACs.

Most of those targeted for financial support didn’t end up donating to No Labels super PACs. But some notable names did, including former Major League Baseball Commissioner Bud Selig, who was encouraged to donate by former Democrat-turned-independent Senator Joe Lieberman, according to internal records.

The attempt to recruit these financiers was, according to sources, part of a concerted effort by No Labels to steer emphasis away from its nonprofit arm and toward campaign operations designed to boost preferred political candidates and target those deemed too extreme or impediments to its policy agenda.

By the end of the 2018 cycle, six No Labels-affiliated super PACs—No Labels Action, Forward Not Back, United Together, Govern or Go Home, Citizens for a Strong America, and United for Progress—had collectively raised more than $11 million from 53 individual donors. The average contribution to the groups was about $124,000, illustrating their reliance on high-dollar donors rather than grassroots financial support.

To court those deep-pocketed donors, No Labels leaned on individuals with ties to other prominent potential givers. The group appears to have sought support from Mitt Romney, the former Republican presidential candidate who was just elected to the U.S. Senate, though it’s unclear whether it hoped that support would be financial, political, or both. In internal company notes, No Labels proposed having Lieberman contact Brad Bloom—the leader of the private-equity firm Berkshire Partners and a high-dollar donor to a pro-Romney super PAC in 2012—“to discuss Mitt” and arrange a meeting with other potential supporters in Boston. Internal documents also note that another super PAC donor prospect, financier David Nierenberg, is a “close friend of Mitt Romney.”

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Reply Donor list for No Labels filled with the biggest names in private equity and hedge funds (Original post)
CousinIT Dec 3 OP
The Polack MSgt Dec 3 #1
pecosbob Dec 3 #2
LanternWaste Dec 3 #3

Response to CousinIT (Original post)

Mon Dec 3, 2018, 02:31 PM

1. I should have been more surprised

Except that I was not comatose for the last 20 years.

Here's how I imagine the pitch

"We believe that we can trick these libtards into ditching the most effective political knife fighter their Party has."

"How do expect to do that?"

"We'll get a bunch of old white guys to whine about new blood. It's Genius, what could go wrong?"

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Response to CousinIT (Original post)

Mon Dec 3, 2018, 02:32 PM

2. Oh, yeah...these are all people I want influencing Democratic policy /s

but don't put all those calling for change in with these people...

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Response to CousinIT (Original post)

Mon Dec 3, 2018, 02:34 PM

3. No wonder the defense it was receiving a couple of weeks ago.

And no wonder its defenders.

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