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Meet the pro-Israel donors who boosted Cory Booker’s Senate run

Incoming Senator Cory Booker in September 2012. (Photo: Jamelle Bouie/Flickr)
Incoming Senator Cory Booker in September 2012. (Photo: Jamelle Bouie/Flickr)

Senator-elect Cory Booker, who was boosted during his campaign by pro-Israel donors, is set to arrive in the halls of Congress on October 31.

Booker made his name as Newark mayor and won a special election to replace New Jersey Senator Frank Lautenberg last week. He defeated a Tea Party Republican though his campaign was rocky, marred by accusations that Booker was a showboat. A New York Times article, featuring political ethics watchdogs who questioned his large stake in a Silicon Valley company that could have made him rich, added to his woes. (He got rid of his stake in the company after the article was published.) Nevertheless, he won both his primary and general races easily.

Booker’s fundraising overwhelmed his opponents during the Democratic primary, and a group of donors with hawkish views on Israel helped him win the cash race, though foreign policy played little role in the election. The Senator-elect’s views on Israel have been shaped by his close ties to people like Rabbi Shmuley Boteach, so the money was more of a bonus than an inducement to push the cause of the Jewish state. As he enters the Senate, he could become one of its more outspoken pro-Israel members at a time when the body could vote on new sanctions on Iran and bills to upgrade the U.S.-Israel relationship even further.

In late July and early August, a newly formed Super PAC called the Mobilization Fund dropped $532,000 in cash on Booker. The money was used for the “pro-Booker ground game — canvassing operations, literature and telephone calls,” according to the Center for Public Integrity’s Adam Wollner. 

According to tax records I reviewed the Mobilization Fund only has six donors. They are all hedge fund leaders or corporate CEOs, and 4 of the 6 are big on Israel. Here they are:

– Hedge fund manager Seth Klarman, who gave the Super PAC $100,000, has given money to settler groups through the Central Fund of Israel and spends $1 million a year on Birthright. Klarman is also on the board of the Israel Project, gives a lot of money to the Friends of the Israel Defense Forces and is co-chairman of the David Project’s board, an organization promoting Israel on campus that has targeted pro-Palestinian professors.

– Michael Fux, the CEO of a sleep products company, also gave $100,000 to the Mobilization Fund. Fux has sat on the board of the Friends of the Israel Defense Forces, which spends money on Israeli soldiers, since at least 2009.

– Cousins Laurie and Andrew Tisch gave a little less–$50,000– to the Super PAC, they’re likewise big on promoting Israel. Andrew Tisch was a trustee at the Jewish Communal Fund in 2001 when they gave over $76,000 to the media group CAMERA, which badgers news outlets to take a more pro-Israel view, and $102,400 to the AIPAC-affiliated American Israel Education Fund. While he was president of the Jewish Communal Fund in 2003, $100,000 was given to Nefesh B’Nefesh, which promotes American Jews emigrating to Israel, including to West Bank settlements. Tisch has also been a trustee for a number of years at the AIPAC-spinoff think tank called the Washington Institute for Near East Policy.

– Laurie Tisch, is the vice president of the Tisch Foundation. In 2005, the fund gave $15,000 to the American Jewish Committee and $50,000 to the Anti-Defamation League.

Both Tisches and Fux also gave directly to Booker’s Senate campaign in addition to another pro-Booker PAC. Michael Steinhardt, another pro-Israel hedge funder who gives lots of money to Birthright, spent $5,000 on CoryPAC this year. And Booker was helped by NORPAC, a pro-Israel donor group. In April, for instance, NORPAC raised over $100,000 for the Senator-elect.

Booker could soon find himself voting on sanctioning Iran over its nuclear energy program. He may have the opportunity to vote on a new package of sanctions if lawmakers brush off the Obama administration’s objections to more punitive measures while the U.S. is engaged in diplomacy with the Islamic Republic. Considering his pro-sanctions rhetoric, Booker would probably vote yes–a vote that would please his backers.

Correction: The original article stated that Cory Booker got rich from his stake in a technology company. It has been corrected to make clear that Booker could have gotten rich from the company, and that he sold his shares in the company in the midst of his Senate campaign.

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Is it a factor? Sure. Obviously. (And personally I like it.)
It’s politics.

I hope that you are not suggesting anything sinister.

So long as the Supreme Court is ruling (incorrectly I think) that there should be no limitation on contributions, there is absolutely nothing wrong with giving to any candidate you like, with the express intent of supporting/influencing their outlook.

(To be clear: YES, there should be limitations on campaign contributions throughout the American system. I am with Bill Moyers on this one.)

Terrible. Democracy is not supposed to be like that.

Booker is a showcase of a paid politician. While there is corruption everywhere, Booker’s really brazen with his corruption. He hardly even tries to hide it, maybe he even thinks it is okay.

Those that foresee Booker becomming a president one day must reconcile themselves with the fact that he has risen in large part because he always pleases those in power, to a much greater extent than most politicians. It’s really extreme with him.

You saw that play out when he attacked Obama for running negative ads against Romney’s hedge fund background. He even attacked gun control advocates saying “enough is enough”. Now all of a sudden, he is reversing his stance on gun control a mere year later. He’s like the Democratic version of Newt Gingrich. It’s ridicolously easy to bribe him and make him say whatever. The fact that he attacked a sitting Democratic president on the matter of hedge funds in the middle of the campaign was truly remarkable. In a democratic party that is shifting further to the left, will a guy like Booker who so desperately wants to please Wall St(and the Israel lobby) rise to power?

The Times’ story is even more damning. The tech company is basically a flop, but is served as a hobby horse for rich and wealthy people. CNN’s president’s son – who is 14 years old – sits on their board. Booker gets a few shares in the company and a paycheck to cash in, as a way to give him a payout once the company gets bought by a giant to save themselves from the embarrassment of it going under.

There seems to have been a shift in AIPAC’s strategy. Mark Kirk is still their #1 man among Republicans in the senate but increasingly they are relying on democrats. This isn’t strange. AIPAC has always been a mostly democratic institution. Menendez and now Booker. They are going for minority dems because that’s where the demographic profile will increasingly be. So they’re doing the rational thing.

The question is: will the base like this? The GOP base is usually to the right of their pols on Israel. Most of the GOP grassroots have views not too different from the settlers in Israel. How will it be with the Democrats on Israel? Judging by the past 10 years, the liberal base have gone in the opposite direction.

The Booker candidacy is important to follow going forward. I assume that he will try to run for the WH eventually. It will show the relative strength and weaknesses of the liberal base. Booker’s a likeable guy. But he is also a total sellout. How much discipline does the liberal base have? So far, what we’ve seen is not that hugely encouraging. Hopefully it will re-assert itself increasingly over the coming years, particulary for 2016 as more and more people understand we can repeat what happened in 2013 NYC for the federal election, where Clinton in ’16 will have the role of Quinn in ’13, the establishment favourite. And Booker could be the Thompson.

So who would be the de Blasio?

FROM opensecrets.org (10/26/13):

Pro-Israel: Money to Congress
• Senators (top 20)
• All cycles
Candidate ////// Amount
Lieberman, Joe (I-CT) $2,281,424
Kirk, Mark (R-IL) $1,706,933
Levin, Carl (D-MI) $1,661,835
Specter, Arlen (D-PA) $1,376,605
Obama, Barack (D) $1,371,325
McConnell, Mitch (R-KY) $1,339,348
McCain, John (R-AZ) $1,303,682
Clinton, Hillary (D-NY) $1,234,741
Wyden, Ron (D-OR) $1,058,857
Durbin, Dick (D-IL) $954,203
Schumer, Charles E (D-NY) $866,149
Boxer, Barbara (D-CA) $861,013
Cardin, Ben (D-MD) $824,865
Harkin, Tom (D-IA) $822,685
Feinstein, Dianne (D-CA) $807,666
Daschle, Tom (D-SD) $797,141
Kerry, John (D-MA) $718,535
Stabenow, Debbie (D-MI) $717,621
Nelson, Bill (D-FL) $707,461
Reid, Harry (D-NV) $699,784
Lautenberg, Frank (D-NJ) $696,266

SOURCE – http://www.opensecrets.org/industries/summary.php?ind=Q05&recipdetail=S&sortorder=A&cycle=All