CME's political contributions to Illinois' power brokers pay off

Steve Bogira  at the Reader details how the some--shall we say?--farsighted campaign contributions by CME to House Speaker Michael Madigan, Chicago Mayor Rahm Emanuel, Gov. Pat Quinn and Ald. Ed Burke might help explain why the financial giant successfully--dare I say--extorted a bribe from Illinois not to move out of state.

Explains Bogira:

Just since 2010, CME's grocery bill for these four has set it back $420,000: the exchange group has given $200,000 to Emanuel, $100,000 to Madigan, $90,000 to Quinn, and $30,000 to Burke.

CME has also contributed $25,000 since 2006 to Madigan's daughter, Lisa—the attorney general. That's a drop in the bucket for the younger Madigan, who has raised millions since she first ran for state senate in 1997—but it's a nice gesture to the speaker. It was also a nice gesture when CME gave Anne Burke—Ed Burke's wife—$2,500 in 2007 for her successful campaign for the Illinois supreme court.

This gives an entirely new meaning to the argument that "we" can't afford to let CME move out of state. Bogia's piece is must reading for anyone fed up with these politicians brazenly treating Illinois citizens like scum.

Hat tip to NewsAlert.

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