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Monday, April 14, 2014

Sec of State Hillary Clinton, Ethics Violations, And the Boeing Quid Pro Quo



When Hillary Clinton was Secretary of State, she acted as as the middleman for Boeing with China and Russia and was rewarded with a large donation to the Clinton Foundation--standard operating procedure for the Clinton political machine.

As reported in the Washington Post
On a trip to Moscow early in her tenure as secretary of state, Hillary Rodham Clinton played the role of international saleswoman, pressing Russian government officials to sign a multibillion-dollar deal to buy dozens of aircraft from Boeing.

A month later, Clinton was in China, where she jubilantly announced that the aerospace giant would be writing a generous check to help resuscitate floundering U.S. efforts to host a pavilion at the upcoming World’s Fair.

Clinton did not point out that, to secure the donation, the State Department had set aside ethics guidelines that first prohibited solicitations of Boeing and then later permitted only a $1 million gift from the company. Boeing had been included on a list of firms to be avoided because of its frequent reliance on the government for help negotiating overseas business and concern that a donation could be seen as an attempt to curry favor with U.S. officials.

The November 2009 episode was an indicator of a mutually beneficial relationship between one of the world’s major corporations and a potential future president. Clinton functioned as a powerful ally for Boeing’s business interests at home and abroad, while Boeing has invested resources in causes beneficial to Clinton’s public and political image.

Boeing’s largesse on behalf of the U.S. pavilion at the Shanghai expo was helpful to Clinton at a critical moment as she made it her priority to woo support from corporations to revive the American presence at the event.

She was widely credited with orchestrating a turnaround, and the can-do image she cultivated as secretary of state has contributed to her status as a Democratic front-runner ahead of the 2016 presidential campaign.

In 2010, two months after Boeing won its $3.7 billion Russia deal, the company announced a $900,000 contribution to the William J. Clinton Foundation intended to rebuild schools in earthquake-ravaged Haiti. The foundation, which Hillary Clinton now helps lead with her husband and daughter, has become a popular charity for major corporations.
There are no such things as coincidences. Boeing could have given money to other Haiti charities but didn't.
The company’s [Boeing's] ties came into play again this month when its in-house lobbyist, former Bill Clinton aide Tim Keating, co-hosted a fundraiser for Ready for Hillary, the super PAC backing her potential presidential run.
There is more to this story which can be read here, it  adds to Ms Clinton's record of crony capitalism, like for example he "beginner's luck" investment in cattle futures:
On April 11, 1994, The Clinton White House Acknowledged That Most Of Clinton’s Profitable Trades In Cattle Futures Were Placed By Clinton Ally Jim Blair, After Initially Saying That Clinton Made Her Own Trades With Blair Serving As An Advisor. “The White House said today that most of the commodity orders by which Hillary Rodham Clinton turned $1,000 into nearly $100,000 in the 1970′s were placed by James B. Blair, a friend and lawyer for the Tyson Foods Company, whose role Clinton Administration officials had previously described as only an adviser to Mrs. Clinton.” (Robert D. Hershey Jr., “Friend Did Futures Trades For Hillary Clinton,” The New York Times, 4/11/94)

In Her First Investment, Clinton Was Able To Order 10 Cattle Futures – Normally A $12,000 Investment – With Just $1,000 In Her Account And Turned Her Initial Investment Into $6,300 Overnight. “Hillary Rodham Clinton was allowed to order 10 cattle futures contracts, normally a $12,000 investment, in her first commodity trade in 1978 although she had only $1,000 in her account at the time, according to trade records the White House released yesterday. The computerized records of her trades, which the White House obtained from the Chicago Mercantile Exchange, show for the first time how she was able to turn her initial investment into $6,300 overnight.” (Charles R. Babcock, “Hillary Clinton Futures Trades Detailed,” The Washington Post, 5/27/94)




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