Thursday, December 18, 2008

When the Clinton ledger hits daylight

$492 million in 11 years. That is a heft sum of money, just under $45 million a year. Talk about an annual pay that dwarfs the imagination. And almost all of it comes from overseas. And some think that the world has stopped investing in America.

Of course this is not investments in America as in the stock market. This was not money put into real estate or any other investment. Unless you call the Presidency and top level American politics an investment. Which obviously more than a few do.

All of this has been revealed now that former President Bill Clinton has divulged the 205,000 names of those that donated to the William J. Clinton Foundation (it only took 10 years to be told). And when I say donated I mean a lot of money.The Kingdom of Saudi Arabia gave $10 million to $25 million, Amar Singh, Suzlon Energy Ltd. of Amsterdam, Nasser Al-Rashid, Lakshmi Mittal, Harold Snyder, Sheikh Mohammed H. Al-Amoudi, Mala Gaonkar Haarman, Lukas Lundin, Victor Pinchuk, all gave gave $1 million to $5 million. And of course there is also Denise Rich, who gave the foundation at least $450,000. She just happens to be the wife of Marc Rich - recipient of a President Clinton pardon.

Some other names that bring up questions include Frank Giustra who gave $31.3 million following a 2-day visit by Bill Clinton to Kazakhstan that resulted in his gaining control of uranium mining in a astounding move in the mining industry.

Amar Singh is an Indian politician that has spoken with Senator Hillary Clinton recently about nuclear arms on behalf of his nation.

Suzlon Energy makes it's money in creating wind turbines, the number one energy initiative of Democrats, and House Speaker Nancy Pelosi (who owns stock in that industry).

China Overseas Real Estate Development - which gave between $250,000 and $500,000 is interesting. Especially for those focused on how much China has bought into the U.S.

Perhaps one of the oddest donations to me is that of COPRESIDA-Secretariado Tecnico for some $10 to $25 million dollars. COPRESIDA was created by the Dominican Republic government to fight AIDS. Considering the relatively poor nation's funds, why would they donate so much of their budget to a foundation instead of to AIDS drugs, researchers, or promotions focused on awareness and prevention?

In a similar vein a question would be the $10 to $25 million from Children's Investment Fund Foundation - a group that is dedicated to helping children, primarily in Africa and India. Would that same money not be better spent in Africa and India on food, clothing, building secure homes, clean water and so on directly?

But looking at all the major donors, and looking back on the timing of many of the investments - excuse me, donations - the question quickly becomes if Hillary Clinton can be an objective Secretary of State. Her long term involvement in the gains of her husband, and the governments he has 'worked' with cause pause. Like how will Pakistan trust her neutrality when Indian interests provide her and Bill Clinton so much money. Or when thinking about Marc Rich the question of whether she can be bought arises.

The Secretary of State is supposed to be without agenda, beyond the message of the President. Somehow this does not appear to be within the capabilities of Senator Clinton. Something that was apparent to me throughout the Democratic Primaries.

But a Democrat-led Congress, with a President that is as liberal as the Party has, and a Democratic Party still looking to smooth the ruffled feathers of 18 million of their voters, is likely to overlook almost anything. Not that this in any way is to the benefit of the nation.

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