The blue-chip political investment for big business is Clinton Inc.Twenty-nine of the 30 Dow Jones (INDU) Industrial Average index companies have given money or in-kind support to projects branded by Bill, Hillary and Chelsea Clinton, according to a review of Clinton Foundation and U.S. State Department reports.
The main gates to Clintonworld are the Clinton Foundation, an umbrella group overseeing the former president’s causes such as raising money to help earthquake-ravaged Haiti, and its spinoff Clinton Global Initiative, which recruits corporate sponsors for international charitable projects. Major corporations also responded to a call for cash from the State Department during Hillary Clinton’s tenure.
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Consumer advocate Ralph Nader said giving to decision-makers’ charities is a modern twist on an old tale.
“This is the new theme. It isn’t just PACs, it is giving to foundations with the politician’s name on it,” he said. “You’ve got to call these companies. You’ve got to meet with them. Socialize with them. You become more dependent on them. You become more obligated. It is a terrible web of influence that operates in nonprofit areas.”
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