{"id":4453,"date":"2005-06-15T10:28:21","date_gmt":"2005-06-15T14:28:21","guid":{"rendered":"http:\/\/www.thecarpetbaggerreport.com\/archives\/4453.html"},"modified":"2005-06-15T10:28:21","modified_gmt":"2005-06-15T14:28:21","slug":"stevens-quid-pro-quo","status":"publish","type":"post","link":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/stevens-quid-pro-quo\/","title":{"rendered":"Stevens’ quid pro quo"},"content":{"rendered":"

Rep. Randy ‘Duke’ Cunningham (R-Calif.) isn’t the only powerful Republican lawmaker on the Hill to have some dubious business deals<\/a> of late. There’s also Alaska’s Sen. Ted Stevens<\/a> (R).<\/p>\n

Sen. Ted Stevens (R-Alaska) made $822,000 last year from the sale of a controversial real estate investment with an Anchorage developer who had obtained a huge federal contract with his help, records show.<\/p>\n

In 1997, Stevens invested $50,000 with developer Jonathan B. Rubini. Last year, at Stevens’ request, Rubini and his partner bought back the senator’s interests in their deals for $872,000, according to Senate financial disclosure forms made public Tuesday. <\/p>\n

About three years after he made that investment, Stevens helped Rubini secure a $450-million Air Force housing contract. The senator had no financial interest in that deal.<\/p><\/blockquote>\n

The details here look almost as bad as the Cunningham house deal. In this Alaskan case, Stevens, a powerful senator, received a stunning return on a modest investment. Then, using his influence on the Hill, Stevens turned around and helped save a $450-million military housing contract for the Anchorage businessman who made him wealthy in the first place.<\/p>\n

Stevens and his investments have been the subject of a fact-finding inquiry by the Senate Ethics Committee for over a year.<\/p>\n

If Dems are interested in using corruption, abuse of power, and non-existent ethics enforcement as a campaign issue in 2006, the Republicans are giving them plenty of political ammunition.<\/p>\n","protected":false},"excerpt":{"rendered":"

Rep. Randy ‘Duke’ Cunningham (R-Calif.) isn’t the only powerful Republican lawmaker on the Hill to have some dubious business deals of late. There’s also Alaska’s Sen. Ted Stevens (R). Sen. Ted Stevens (R-Alaska) made $822,000 last year from the sale of a controversial real estate investment with an Anchorage developer who had obtained a huge […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[617],"tags":[],"class_list":["post-4453","post","type-post","status-publish","format-standard","hentry","category-general"],"_links":{"self":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts\/4453","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/comments?post=4453"}],"version-history":[{"count":0,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/posts\/4453\/revisions"}],"wp:attachment":[{"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/media?parent=4453"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/categories?post=4453"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stevebenen.com\/thecarpetbaggerreport\/wp-json\/wp\/v2\/tags?post=4453"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}