The Face of Crony Capitalism

NY: Geraldo Rivera Hosts Wife Erica's 40th Birthday PartyMeet John Catsimatidis the billionaire friend of the Clintons who is trying to force a biofuels mandate on New York.

If people won’t buy your product because they don’t want it, you have to get your cronies in the government to force them to buy it.  Of course, the government cronies don’t do your bidding for you for free, They demand you to offer up opportunities for graft, and a good crony capitalist does what he needs to do. This is right out of Tammany Hall.

From The Washington Free Beacon:

Billionaire John Catsimatidis is working to slip a biofuel mandate that would add $150 million to New Yorkers’ heat expenses into the state budget just as a company he owns completes construction of the largest biofuel plant in the region.
The New York Post reports that Catsimatidis’ lobbyists are putting the pressure on State senators to slip a provision that would require all heating oil sold in New York to contain “2 percent or more of soybean oil and/or spent vegetable oils.

Catsimatidis is building a biofuel-processing plant in Brooklyn that will be the largest plant in the Northeast.

Catsimatidis, who is well known in New York City as the owner of grocery store chain Gristedes, was a central figure in an effort to use a campaign finance loophole to funnel money to the Democrats’ 2014 battle for control of the state senate.

At the request of New York City Mayor Bill de Blasio, Catsimatidis cut a $50,000 check to the little-known Putnam County Democratic Committee, which in turn gave the money to individual Democratic candidates that are legally prohibited from receiving such large sums from individual donors, according to a New York Daily News report.

Interestingly, Catsimatidis is now trying to buy the Daily News, the paper that conducted the investigation into his role in de Blasio’s scheme.

Catsimatidis’ relationship with de Blasio was born out of his longtime friendship with the Clinton family. The Clintons have been on the receiving end of a lot of Catsimatidis money, including more than $750,000 for Hillary Clinton’s failed presidential bid in 2008.”

Just in case you were wondering what sort of people will be funding Hillary Clinton’s 2016 campaign. Don’t miss the photo of Bill Clinton with Catsimatidis’s daughter at the end of the Washinton Free Beacon piece.

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