Friday, January 21, 2022

Youngkin Election's PEU Money


 ABC News 3 reported:

Youngkin's chief of staff will be Jeff Goettman, who has served as the transition director post-election. 

Goettman served as Chief Operating Office and Policy Director for Glenn Youngkin's Campaign.   Jeff, like his boss, has a background in private equity.  

Goettman founded CameronBlue Capital, a private equity firm in 2006. Previously, Mr. Goettman was a Managing Member at Thayer Capital Partners, a Washington, D.C. based private equity firm.
Youngkin for Governor Inc. paid Goettman roughly $250,000 over a ten month period.  That's $25,000 a month in salary and mileage reimbursement.  

Candidate Youngkin loaned his campaign $20 million.   He is yet to reveal the interest rate.  Youngkin & Co. provided in-kind support totaling $242,000 to his campaign.  How might a common person interested in public service compete against that?  They can't.  

The big money wash occurring in America's political class has a distinct PEU odor.  Voters are needed to give the Red or Blue Team the right to use tax dollars to enrich their friends.  Huge sums are spent finding the wedge issue that turns out voters.  

The big money is real, even when divisive issues are complete fiction.  

Update 1-31-22:  "Youngkin raised about $2.2 million in around six weeks before even taking office, despite being barred by state law from seeking consecutive terms."  He needs his campaign to pay him back for the $20 million in loans.  It's Glenn's latest big money wash.  First, it was PEU the it was politics.