Looks like Wisconsin Republican Sen. Ron Johnson, the man who took down Russ Feingold last year, has yet to answer some extremely interesting questions as to how he did it and with what money.
Last week the Milwaukee Journal-Sentinel started asking uncomfortable questions about $10 million in deferred compensation Johnson received from his former company, Pacur, weeks after his $9 million self-financed successful 2010 campaign came to an end.
For those of you playing the home version, even in a post Citizens United world, direct corporate contributions to a candidate is a no-no, especially when the corporation in question employs the candidate. The $10 million just happened to cover the cost of Johnson’s campaign, which Johnson says is a complete coincidence. If that’s true, then Johnson surely has a written agreement with the company covering the deferred compensation, yes?
So far Johnson has not produced a written deferred compensation agreement that was signed and dated before he launched his campaign. Absent such an agreement, Johnson could face serious charges that he violated campaign-finance laws barring direct corporate funding of federal candidates, election law experts tell TPM.
Arent Fox’s Brett Kappel, an election law attorney, said evidence of a written agreement before Johnson ran for the Senate is critical to prove he did not rely on corporate funds for his campaign.
Well then, that might be a problem if the FEC takes a look at…
Even though watchdogs are raising serious red flags over Johnson’s deferred compensation, they’re not counting on the FEC, a broken agency that either deadlocks over critical and controversial decisions or fails to take up cases at all.
Never the hell mind. This ledger domain legerdemain is just how the Galt’s Gulch Bandits operate. Any of them will tell you the real problem would be the FEC existing at all. Smaller government means there’s nobody to complain to…well, unless a Democrat gave the appearance of conflict of interest, that is.
Best part is the guy who had $9 mil to spend on his own Senate seat and getting $10 mil payback is a real salt-of-the-earth, Real ‘Murican hero.
[UPDATE 12:30 PM] Didn’t Blago just get convicted of trying to sell a Senate seat? Buying one seems to be pretty okay by comparison, IOKIYAR.