When the choose-whichever-pro-Wall-Street-candidate-you-want presidential campaign corporation called Americans Elect made its public debut in the summer of 2011, it pledged to the American people that “We don’t promote any issues, ideology, or candidates. None of our funding comes from special interests or lobbyists.” See this snippet from its home page:
Special interest, according to the Merriam-Webster Dictionary, is a person or organization seeking gain through specific economic activity and standing to gain or lose depending on the shape of action taken by the government. Hedge fund investors and private wealth managers are market insiders who make money off of aggressive, high-risk investments. Government regulation of hedge funds and private equity firms has been a significant point of contention in recent years, making hedge fund managers and private wealth investors part of a special interest group.
Within a year’s time of its declaration that it didn’t promote any candidates and none of its funding came from special interests, Americans Elect would be taking money directly from the hedge fund Passport Capital and using that money to promote the candidacy of Maine Senate candidate Angus King.
A new report from the Federal Election Commission reveals that during his service as Americans Elect Chairman Peter Ackerman donated the maximum of $2500 to the same candidate, Angus King. In that record, Peter Ackerman continues to list his position as Executive of Rockport Capital, the private wealth management firm he founded before entering Americans Elect. Peter Ackerman was the prime funder of Americans Elect, reportedly putting $8 million of his private wealth into the organization.
This FEC record at the end of Americans Elect’s current incarnation establishes that despite its pledges, during its entire lifespan Americans Elect was run by and primarily funded by someone with a very special interest indeed.