Monday, June 2, 2014

Neel Kashkari and the Carlyle Group

On Pennsylvania Avenue, midway between the White House and the Capital Building, lies the offices of the Carlyle Group. This private equity firm’s principals include or have included the first George Bush president and his Secretary of State James Baker, former British Prime Minister John Major, former Office of Management and Budget director Richard Darman, former Secretary of Defense and former Deputy Director of the CIA Frank Carlucci, former Federal Communications Commission chair Julius Genachowski and former World Bank treasurer Afsaneh Masheyekhi.

Their investments include Edward Snowden’s former employer Booz, Allen, Hamilton; General Motors spin out Allison Transmission; firms in iris recognition security and related technologies and munitions and other suppliers to the Department of Defense. They are involved in 100’s of companies and almost as many countries including Algeria, Libya, Dubai, Bahrain, Kuwait, Qatar, and the United Arab Emirates. They even had a six year relationship with Saudi Arabia’s bin Laden family. They also participate in arrangements with various sovereign wealth funds that knit together the world’s ruling elite.

This special style of investment has returned about 34%. Yet for all this hard work the Carlyle Group’s founders received only $93 million each in 2013. But don’t worry, they are really the good guys. They have hired Jackie Roberts, a 17 year veteran of the Environmental Defense Fund, as their Chief Sustainability Officer.

The Carlyle Group is not only the new world order on steroids, it is an inner spoke of the wheel of control that is tightening around us. They are major financers of Neel Kashkari’s campaign for governor. I wouldn’t take their money. Would you?

That leaves us two other candidates. We all know tax and spend Jerry Brown. His record is self evident: businesses leaving California, pandering to public sector unions, political correctness including transgender public school bathrooms and environmental extremism including carbon taxes based on the government’s state religion of pseudo science. His stealth accounting hides our increasing debt and unfunded obligations as we move toward insolvency. Perhaps we need a bullet train to flee the collapse of California?

Whatever you think of Tim Donnelly’s various positions on various issues, he is the only candidate that even remotely resembles the reality of us ordinary people of California. I voted for him and I suggest that you do too.

Copyright 2014, Mark L. Bennett

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