Your Big Red Car hasn’t posted a “Cut The Crap” sentiment in a while, so here is one today on Influence Peddling.
Hunter Biden is the son of former Vice President and current seeker of the nomination of the Democrat party Quid Pro Joe Biden. [Please forgive me. I couldn’t help myself. I have never liked Joe Biden. I always thought his Amtrak, the Senator from MBNA shtick was obsequious. I also am very cool on Ted Cruz, Ben Sasse, Jeff Flake, and John McCain.]
Here’s Hunter taking in a basketball game with Dad and a pal of theirs. Who wouldn’t like this guy?
Anyway, unless you have been in some far away place — like the Ukraine, as an example — you probably have heard that Hunter Biden was named to the board of a Ukrainian natural gas company called “We Want Some Influence and Are Willing to Buy It at Full Price.” No, actually the company’s name is Burisma Holdings.
The Big Cheese at Burisma appointed Hunter Biden to the Board of Directors of his company and compensated him at the rate of $50,000 per month for a five year period — that, my friend is what called a “good” side hustle. Biden’s “company” also did some other work directly for the company deriving additional income.
What’s the beef, Big Red Car?
The beef is this, dear reader:
1. Hunter doesn’t know spit about natural gas. He’s a lawyer/lobbyist with degrees from Georgetown University and Yale Law. He did not study petroleum engineering at G’town.
2. Hunter doesn’t speak the local language, though apparently money speaks both Ukrainian and English — who knew?
3. Hunter doesn’t know anything about the regulatory environment for natural gas in Ukraine.
4. Burisma was being investigated by the Ukrainian government for — SURPRISE — corruption. There are various true and made up fables of VP Biden, the father, quashing the investigation by making sure the prosecutor was fired. Hell, somebody told me it’s on video, but that’s almost beside the point.
What’s the point, Big Red Car?
The point is this, dear reader, that Plano, Texas oil company Exxon/Mobil — has some exposure to the natural gas business as I recall, I worked for Mobil once upon a time — pays its BOD members $110-120,000 annually, plus some stock options, and some of these guys run Fortune 500 companies.
So, why the Hell didn’t Burisma just hire one of those Exxon/Mobil BOD members and pay them, say, $250,000? Why?
Because, dear reader, none of those schmoes was the son of the Vice President of the United States of America, who had been baptized by President Obama to “oversee” stuff in Ukraine.
So, your Big Red Car says to the main stream media, “Cut the crap and report the damn story.”
While I am on that rant, may I note that Chelsea Clinton got a job with NBC News in 2011 as a “special correspondent” to the tune of $600,000 per year. Mommy was the US Secretary of State at the time.
To be fair to Miss Chelsea, she had a degree in History from Stanford, a Masters in Public Health from Columbia, and a Doctor of Philosophy in International Relations from Oxford followed by a stint with McKinsey & Company and Avenue Capital Group (a distressed debt investment boutique with $10B under management, HQed in NYC with three European offices and five in Asia).
Still, this whole business of buying influence is exactly what it looks like. For the record, nobody in this article talked smack about Hunter Biden from a personal perspective. The boy had his demons, but the issue for today is influence peddling.
Cut the crap.
But, hey, what the Hell do I really know anyway? I’m just a Big Red Car.