Ron Johnson Funding Senate Campaign With BP Profits?

Thu Jul 29 2010 18:16:00 GMT-0400 (EDT)  |  by Arjun Jaikumar

Ron Johnson has taken a good deal of heat over the past several weeks for his ownership of up to $315,000 worth of British Petroleum stock, given BP’s role in the Gulf Coast oil disaster. Johnson’s stake in BP (and his avowed support of Big Oil) came under further scrutiny when he admitted he was open to drilling in the Great Lakes.

Initially Johnson said that he would place his BP stock in a blind trust, but upon further review, he appears to have come up with a better solution: he plans on selling the BP stock to fund his Senate campaign.

Then after a campaign rally days later, Johnson told reporters he planned to sell the BP PLC stock to help finance his campaign against Democratic Sen. Russ Feingold. Monday, he said the sale wasn't certain.

"I think that will eventually happen, but I'm going to do it based on market conditions," Johnson said after a lunch hosted by the political website wispolitics.com. "I'm going to have to finance this campaign. ... At some point in time, to get my message out, that will probably happen. But it's going to be based on market conditions."

When asked if he would not sell the stock if the price was low, Johnson said, "We'll just watch. I haven't made a decision on that yet."

Johnson is waiting to make a profit off BP - the company that devastated the Gulf Coast- so he can turn around and use that money to fund his personal political ambitions.

Wisconsin must be so proud.

Comments

  • Johnson's Campaign Tue Aug 03 2010 10:57:27 GMT-0400 (EDT)  |  by Ken
    Just what we need a slick politician looking to replace an honest and hardworking senator dedicated to serving all Americans not just the filthy rich and I mean filthy.

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  • The Republican Committee people are the ones to profile Fri Aug 06 2010 10:19:26 GMT-0400 (EDT)  |  by Planck
    Your slideshow with Johnson, Fiorina, etc is useful. But, the state committee people are the ones to profile.

    They are the ones who decide who gets to run. They have a lot of power to decide which horses get picked to run. And they are running the worst demagogues cause they know people are scared. They wrecked the economy with their deregulated Bubble and they know what happens next to get more $$$ into their war machine where they all own stock.

    I know for a fact, my State GOP committee leaves credible candidates off the table because they want these dim witted extremists to run. They are the ones you should be profiling because they are making these choices outside the light of day. They also are the ones implementing Karl Rove strategies.

    In my state, I know this person is in league with the Bush family in all the "secrets" Russ Baker writes about in his book.Their grandparents resented the New Deal, and they are doing what they have to to finish it off and turn this country back into a Third-World Country. AND the Church takes money from them and makes like they are "family" people! I don't care about their candidates, I care who is behind the system that is plucking them out of obscurity, while they hide.

    They are the real money behind this corrupt government. The candidates have to be bought and corruptible to be useful to them.

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