Constant Readers,
There is something maddeningly familiar about New Mexico Governor Bill Richardson's recent withdrawal from consideration as Commerce Secretary.
Is it the fact that he is the King of the Pump-Fake - having withdrawn from consideration as John Kerry's Vice-President, the U.S. Presidential race and now Commerce Secretary?
- No...that's not exactly it.
Is it because his defense of the legal investigation that is causing the fatal delay is worded so carefully as to be suspicious? Here's a game: one of these statements was made by Rod Blagojevich, and one was made by Richardson. Can you tell the difference?
(a) "I'm here to tell you right off the bat that I am not guilty of any criminal wrongdoing..."
(b) "Let me say unequivocally that I and my Administration have acted
properly in all matters..."
The answer doesn't really matter because, as you can see, neither takes issue with the facts. Only that those facts don't constitute a crime or wrongdoing. (In Richardson's case, the facts aren't pretty - see bottom of post.) In a pay-to-play investigation, it's hard to convince the public of one's innocence when you admit to accepting contributions from the same company that "won" a lucrative contract within months of the "gift." This hairsplitting about criminal culpability is both common and useless in the court of conventional wisdom.
In case you are wondering: (a) is Blagojevich and (b) is Richardson.
Note that New Mexico was recently ranked by journalists as the third-most politically corrupt state in the union; beating out Illinois - #10 - but losing to Rhode Island at #1 and Louisiana at #2. Really, Rhode Island?
- But no, familiar as Richardson's defense is, that's not what I'm thinking of either...
Is it the fact that his withdrawal speech, to wit: "I could not in good
conscience ask the President-elect and his
Administration to delay for one day the important work that needs to be
done," sounds derisory and disingenuous coming from a man who
admittedly shirked his duties as governor for at least a year while running for President? Are we supposed to believe that he is now selflessly dutiful?
- Hey! That's it! That's the part we've heard so often!
This: "there is nothing wrong and I was not asked to step down - I'm just being a good citizen" baloney sounds just like the old, "I'm leaving to spend more time with the wife and kids" line. Which invariably means something like: (1) I want to go rob department stores, (2) I want to divorce my wife and get a lucrative lobbying job, or (3) I gave government contracts to my friends and then lied about it.
In other words: Duck! Because it sounds like there is something wrong and he did have to step down.
In this case, it is likely more specifically thus:
(1) the evidence against Richardson/CDR is stronger than Richardson thought in November when he told Obama's people that it was no big deal, and (2) Rahm Emanuel will cut a motherfucker. Seriously. He's scary. You better not even think about embarrassing Obama on Rahm's watch. So, it's not like Richardson really had a choice here once he learned that the case against him is not going to magically disappear.
Great statesman or not, for now, Richardson will have to settle for being the Governor of New Mexico. Until Batman takes over, that is.
--Melissa
BONUS: Here's quick timeline of allegations against Richardson and CDR
October 2003: New Mexico state legislature approves Governor
Richardson’s Investment Partnership plan (GRIP) whose purpose was to refinance $400 million in state bonds and to sell new bonds
to pay for transportation infrastructure improvements. Richardson had
been shopping the plan around since at least September of 2003. (Download GRIP Endorsement.)
October 3, 2003: David Rubin, President of CDR
Financial Products Inc., a Beverly Hills, California-based company gives $25k to Moving America Forward
Inc., a political action committee formed by Richardson.
March 2004: Of six bidders, CDR is selected to advise the New Mexico Finance Authority on interest-rate swaps and restructuring
escrow funds for $1.6 billion of transportation bonds issued by the
agency. CDR ultimately made $1.48
million on the deal ($951,566 for advising on derivatives tied to the bond issues and
$443,265 for restructuring the escrow funds of refunded bonds).
May 2004: CDR gives $75k to ¡Si Se Puede! Boston 2004
Inc., formed to help pay Richardson's expenses at the 2004 Democratic National
Convention.
2005: Rubin gives $10k to Richardson's gubernatorial re-election campaign.
Thus, instead of denying that he engaged in sketchy behavior,
Richardson's defense apparently will be that he genuinely believed this
Beverly Hills financial products peddler was just interested New Mexico
state politics. Ahem. Okay. Good luck with all that.
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