-Caveat Lector-
HOW JESSE'S PUSH IS PULLING IN $$$
New York Post
Sunday, February 4, 2001
By ROD DREHER
O.J. Simpson will find the real killer before anybody outside the
Rainbow/PUSH Coalition who is not an IRS auditor finds out Jesse
Jackson's real income.
But an interesting tale is told by the most recent tax returns of
the Rainbow/PUSH-affiliated Citizenship Education Fund, whose
tax-free 501(c)3 status forces the organization to make its tax
documents public.
Jackson's tax-exempt charity nearly quintupled its revenue in one
year, going from a reported $2 million in 1998 to $9.7 million in
1999. Huge contributions came from corporations that depended on
Jackson's imprimatur for their multibillion-dollar mergers to
pass regulatory muster. A review of federal and Illinois state
tax documents from 1999 show that telephone companies SBC and
Ameritech donated $500,000 tax-deductible dollars to CEF that
year, while GTE gave $625,000 and Bell Atlantic forked over
$375,000.
Were these corporate giants simply being altruistic? Hardly.
Without the approval of America's No. 1 civil-rights leader, who
had a habit of criticizing proposed mega-mergers on racial
grounds, it is unclear that they would have made it through an
FCC headed by then-Chairman William Kennard, an outspoken
proponent of "diversity."
Corporate America saw in the 1998 Citibank-Travelers merger how
useful Jackson could be in winning over federal regulators
despite fervent opposition from activists.
Many civil-rights and community organizations opposed the
Citibank-Travelers union. But when Rainbow/PUSH came to shove
before Clinton-appointed regulators, Jackson's backing carried
more clout.
It escaped no one's notice that Citicorp donated $50,000 to
Jackson-controlled CEF in 1998, and Travelers, whose CEO Sandy
Weill courted Jackson personally, gave $100,000.
Grass-roots activists complained in the deal's aftermath that
Jesse Jackson could be rented, that he was putting his unique
moral stature up for bid. They were not the only ones to notice.
In 1998, Jackson called a press conference to announce his
opposition to the merger of telecom giants SBC and Ameritech -
which he endorsed a year later. Did the promise of a $500,000
donation have something to do with the flip-flop?
The deal could not have gone through regulators without either
SBC or Ameritech selling off half of their wireless business.
Ameritech announced it would sell its portion for $3.3 billion to
a GTE-led venture.
Then Jesse had a closed-door meeting with executives of SBC and
Ameritech. He told reporters he was there to help execs draft a
list of black-owned firms that ought to be cut in on the GTE
deal.
GTE selected Georgetown Partners, a black-owned investment firm
with no prior telecom experience, as its partner in the lucrative
deal. It set up Georgetown Partners executive Chester Davenport
as head of the former Ameritech operation.
This is the same Chester Davenport who is a close Jackson friend
and a big donor to Jackson causes, particularly his Wall Street
Project. Did Jesse make winning his valuable endorsement of the
controversial merger contingent upon his buddy getting a cut of
the $3 billion pie?
When GTE and Bell Atlantic merged in 1999, they became Verizon.
Many activist groups opposed that deal too. But not Rainbow/PUSH,
which came out for the mega-merger - and saw its CEF division
take in $1 million from the two corporations that year.
Verizon was a lead sponsor of this year's Wall Street Project
conference, and has pledged $300,000 through the year 2002 to
help pay for Rainbow/PUSH conventions.
Now, it is entirely possible that these corporations paid this
money to Jesse out of conviction that his organizations do good
work. Maybe they do, and maybe Jackson really is selflessly
looking out for poor black folks.
Maybe corporate quid never got entangled with Jesse's pro quo.
Maybe CEOs really believe the embarrassing flattery they lavish
on Jackson and his Rainbow/PUSH Coalition. Maybe the media know
something I don't, and are right to ignore what appears to me to
be a big corruption story.
Maybe.
And maybe Nicole Brown's real killer lives with the Easter Bunny
in Canarsie.
E-mail: [EMAIL PROTECTED]
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Kadosh, Kadosh, Kadosh, YHVH, TZEVAOT
FROM THE DESK OF:
*Michael Spitzer* <[EMAIL PROTECTED]>
~~~~~~~~~~~~~~~
The Best Way To Destroy Enemies Is To Change Them To Friends
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