Scott Walker Banks on AIG Mogul to Fight Recall

Xinhua/ZUMA Press

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On Tuesday afternoon, Grassroots groups and the Democratic Party of Wisconsin will unveil their signature haul in the effort to recall Gov. Scott Walker and Lt. Gov. Rebecca Kleefisch. They need at least 540,208 signatures to trigger recall elections for Walker and Kleefsich, but it’s clear they’ve easily surpassed that mark.

So where will Walker be when the final signature tally is announced? In the state capital or the governor’s mansion, standing his ground and defending his record? Nope. He’ll be in New York City at the world headquarters of the megabank Citigroup raising money for his recall defense effort.

Tuesday’s Walker fundraiser, first reported by the New York Daily News, is hosted by no less than Hank Greenberg, the former CEO of American International Group, the global insurance corporation that needed $150 billion in bailout funds in 2008 and 2009 from the Treasury Department and Federal Reserve. The cost of attending is $2,500 per person or $5,000 per couple.

Here’s the invitation:

New York Daily NewsNew York Daily News

Thanks to a loophole in Wisconsin elections law, Walker can raise unlimited amounts of money to defend himself in a recall election (the typical limit for gubernatorial races is $10,000). Brad Courtney, chair of the Republican Party of Wisconsin, admitted last fall that raking in unlimited donations was central to Walker and the Republicans’ defense strategy, according to audio obtained by Mother Jones. Walker began fundraising in November, and has until “a recall primary or election is ordered, or after that time if incurred in contesting or defending the order” to raise unlimited donations. In other words, Walker’s unlimited fundraising window could extend well into next month.

Walker raised $5.1 million dollars between July 1 and December 10, a period that includes his recall fundraising. Out-of-state donors accounted for almost half of that money, according to campaign finance records. The biggest donor to Walker’s recall defense is Bob Perry, the Texas homebuilding magnate and who bankrolled the infamous Swift Boat Veterans for Truth campaign that caused trouble for Sen. John Kerry’s 2004 presidential bid. Perry gave $250,000 to Walker. Other top Walker backers are Richard and Elizabeth Uihlein, who own the Uline shipping company and chipped in $205,000, and Foster Friess, a Wyoming-based investor and frequent GOP donor, who donated $100,000.

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WE'LL BE BLUNT

It is astonishingly hard keeping a newsroom afloat these days, and we need to raise $253,000 in online donations quickly, by October 7.

The short of it: Last year, we had to cut $1 million from our budget so we could have any chance of breaking even by the time our fiscal year ended in June. And despite a huge rally from so many of you leading up to the deadline, we still came up a bit short on the whole. We can’t let that happen again. We have no wiggle room to begin with, and now we have a hole to dig out of.

Readers also told us to just give it to you straight when we need to ask for your support, and seeing how matter-of-factly explaining our inner workings, our challenges and finances, can bring more of you in has been a real silver lining. So our online membership lead, Brian, lays it all out for you in his personal, insider account (that literally puts his skin in the game!) of how urgent things are right now.

The upshot: Being able to rally $253,000 in donations over these next few weeks is vitally important simply because it is the number that keeps us right on track, helping make sure we don't end up with a bigger gap than can be filled again, helping us avoid any significant (and knowable) cash-flow crunches for now. We used to be more nonchalant about coming up short this time of year, thinking we can make it by the time June rolls around. Not anymore.

Because the in-depth journalism on underreported beats and unique perspectives on the daily news you turn to Mother Jones for is only possible because readers fund us. Corporations and powerful people with deep pockets will never sustain the type of journalism we exist to do. The only investors who won’t let independent, investigative journalism down are the people who actually care about its future—you.

And we need readers to show up for us big time—again.

Getting just 10 percent of the people who care enough about our work to be reading this blurb to part with a few bucks would be utterly transformative for us, and that's very much what we need to keep charging hard in this financially uncertain, high-stakes year.

If you can right now, please support the journalism you get from Mother Jones with a donation at whatever amount works for you. And please do it now, before you move on to whatever you're about to do next and think maybe you'll get to it later, because every gift matters and we really need to see a strong response if we're going to raise the $253,000 we need in less than three weeks.

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