Jesse Jackson Losing Clout
by Big Dog on Jan 15, 2005 at 21:03 Uncategorized
Well, it looks like the era of extortion by Jessie Jackson and his Rainbow Coalition of thugs is falling upon hard times. NewsMax is reporting that the New York Stock Exchange refused to allow Jackson to hold his annual Wall Street fund raising event and is rebuffing Jackson’s annual demand for $100,000.
In the past, big businesses came out in droves for Jackson’s minority business outreach. This was especially true during the Clinton years which begs the question: Given the sexual escapades of Jackson and Clinton, shouldn’t they have called it a “FUN RAISING” event? This practice changed rapidly when a Jackson supporter inside the exchange stepped down earlier this month.
In 1998, the debut year of the Project, Secretary of the Treasury Robert Rubin, Securities and Exchange Chairman Arthur Levitt and Federal Reserve Chairman Alan Greenspan, along with Donald Trump, showed up to support Jackson’s so-called “diversity agenda.”
But as Investor’s Business Daily noted earlier this week, with Jackson friend Richard Grasso no longer running the Big Board, the Wall Street Project gravy train has chugged to a halt.
It would appear as if the big wigs at the NYSE have decided that enough is enough. Their actions will make it a bit more difficult for Jackson to hold businesses hostage. If he keeps losing targets to exploit, he might have to actually get a real job and start paying taxes….
The actions of the NYSE also put individual companies on notice. The actions will call into question why a responsible business would hand out its money so recklessly.
“The NYSE cutoff is a dramatic step that puts the individual companies that bankroll Jackson on the spot,” noted Peter Flaherty, president of the National Legal and Policy Center, in comments to CNSNews.com.
“It is a lot harder for the Verizons and PepsiCos to argue that there’s nothing wrong with supporting Jackson’s groups.”
Bill O’Reilly had this nailed on his show and he expands on it in his book The No Spin Zone. Jackson has been using that race card for a long time to extort money from American Businesses. Perhaps now they have learned that they do not need to make Jackson wealthy at the expense of thier bottom lines.
Tags: General
Jesse Jackson Finds Extortion More Difficult
The Revuum Jackson had a blow delivered to his campaign of extortion. Read all about it at Big Dog’s Weblog.
Find out why the NYSE stopped hosting his fund raiser.
Find out why this puts businesses “on notice.”
Check it out at the Big Dog’s
Jesse Jackson Finds Extortion More Difficult
The Revuum Jackson had a blow delivered to his campaign of extortion. Read all about it at Big Dog’s Weblog.
Find out why the NYSE stopped hosting his fund raiser.
Find out why this puts businesses “on notice.”
Check it out at the Big Dog’s