Winston T. Boogie
Senior HTF Member
I see this talked about on the news and I'm not trying to get political but my understanding is that Weinstein gave about $1.5 million to political candidates over the course of about 25 years. On average, that's 'only' about $60,000 a year. He gave just under $75,000 total for the 2008, '12 and '16 elections or about $25,000 an election. Now that's a fortune for a regular guy but I can't imagine that the Presidential candidate of a major political party sees that money as any kind of major donation. In all seriousness, would a donation of that size even get you a dinner attended by and a photo with the candidate?
He worked as a "bundler" for them which means he would get large groups of the rich and famous together to collect donations of giant sums of cash...what a guy like George Clooney would admit was "obscene" amounts of money. And along with his donations to candidates he also gave money to PACs which does not show up under individual candidates because the PAC allocates the money.
So, he was a great source of cash flow for politicians which is why they were so enamored with him and he was a source to glean endorsements from celebrities. Harvey could deliver. There are limits to what an individual can contribute to a candidate which is why they form PACs which allows for more money to flow when an individual has reached the limit of what they can contribute.
I don't think it is "political" to discuss this it is just the business of how it works...it's bad business and should be stopped but it is currently legal.