How hospitals, coal made Santorum a millionaire (Update)
Bloomberg shows how the ex-PA Senator and GOP presidential hopeful used his business connections after voters turned him out.
How hospitals, coal made Santorum a millionaire (Update)
Joseph N. DiStefano
Director fees from Universal Health, lobbying fees from coal operator Consol Energy and law pay from Eckerd Seamans helped ex-Sen. Rick Santorum turn his Washington connections into millions in personal income, Bloomberg reports here. As I've previously reported, Santorum collected fat board payments fom Universal, the King of Prussia mental-health and community hospital chain which makes most of its money from taxpayers via Medicare and Medicaid, even as he claims to oppose more taxpayer subsidies for healthcare. My colleague David Sell reviews Santorum's apparent contradictions here. And for those of my respected PA Republican readers who've contacted me about your concerns "the media" only bashes GOP candidates who cash in on their political connections, here's a summary I wrote a little while back on Democrat Ed Rendell's lucrative private sector moves. Or, going further back, this piece on turncoat former US Sen. Arlen Specter and his fortuitous stock market moves. Also these items on Delaware's Bidens, for example, here, here, here.
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How about everyone's favorite Arlen Specter? Just last week he was defending a Chinese company being delisted from the NASDAQ because of improprities used when it reversed merged into a US shell company. Seems the public was taken for millions as the stock went from $9 to $0.70. The company was started to build wind turbines in China, costing hundreds if not thousands of American jobs. Old Arlen could care less since there was a fee to be earned. Check the company out-Clean Tech. The case was heard in the NY State Supreme Court on Dec 20.— Wilhelm Von Humboldt- Why isn't Arlen allowed to choose his own clients? He's in the private practice of law. — corpo
- And know you can see how creating a single bullet theory really had nothing to do with the truth or the American people, but it was all about Arlen ;) — defiore14
- Why change the subject? Why not comment on the facts in this article? This article has nothing to do with Arlen Specter, or Obama, or Barney Frank, or Santa Claus, or Elvis.— bushmciworlcomenron
- How did Liberal Lion Ted "The Swimmer" Kennedy become a millionaire?— ObamaSolyndra
- Like Arlen isn't going to turn his Washington connections into millions in personal income?— Wilhelm Von Humboldt
- What is Tony Rezko doing these days?— ObamaSolyndra
- Ted the Swimmer got $0.50 for every bottle of Dewar'Scotch sold in NA. His father was no dummy when he set up that racket.— Wilhelm Von Humboldt
- Another millionaire politician. Just what we need. Now does anyone STILL wonder why these guys and gals spend millions to get a government job that pays about 150-200K? It's all about the gravy train they ride when they leave office.— lgroniko
- How much more reason do we need to strive for government that can relate to the 98%. NO MORE LAWYERS!!!!!!!!— moretoit
- Waa waa waa! Don't like it? Simple - Don't vote for him. But please stop whining ....— Mirror
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- The smears of Santorum begin. Has The Pinly ever discussed Joe Biden's ties and income? How about John Kerry back when he ran?— CD75
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