What Karl Rove and Dan Lungren Don’t Want You to Know
FOR IMMEDIATE RELEASE
October 15, 2010
Contact: Lucinda Guinn
WHAT KARL ROVE AND DAN LUNGREN DON'T WANT YOU TO KNOW
Big Oil, Wall Street and Karl Rove Put Their Money on Lungren
ELK GROVE, CA -- Today, Big Oil joined with Wall Street to rescue one of their staunchest allies: Dan Lungren. Under the direction of Karl Rove's shadowy organization American Crossroads, these two corporate special interests began pouring thousands of hidden dollars into the Sacramento media market, hoping to protect one of their greatest investments in Congress.
"Karl Rove, Big Oil and Wall Street lining up behind Dan Lungren confirms what voters already know -- Lungren is looking out for himself and his corporate campaign contributors, not middle class families," said Lucinda Guinn, Bera for Congress campaign manager. "Lungren opposes campaign transparency, and now his friends can launder their contributions through Karl Rove -- if he wants to fight for corporations instead of Californians he should go back to lobbying for Bear Stearns."
American Crossroads is funded and operated almost exclusively by Wall Street special interests, corporate lobbyists, and Big Oil executives -- including a former Enron lobbyist, the owner of the financial investment giant AIG, and the manager of one of the world's largest hedge funds. As of June, 97% of the money American Crossroads raised came from four billionaires, including two oil and gas billionaires.
For his part, Dan Lungren has taken over $84,000 from the oil and gas industry, over $248,000 from the financial industry, and in return is doing their bidding in Congress -- voting in favor of a $2.6 billion tax break for Big Oil and against limits on executive compensation for bailed out banks.
Even more egregious, by voting against the DISCLOSE Act and supporting the Citizens United Supreme Court decision, Dan Lungren supported the very same loopholes being exploited by Karl Rove and American Crossroads to hide the identity of their donors (CLICK HERE TO READ THE FACT SHEET).