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Hunter Biden Quits Lobbyist Work

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September 13, 2008 1:21 PM

ABC News' Matthew Jaffe reports: Hunter Biden, son of Democratic vice-presidential nominee Sen. Joe Biden, D-Del., has quit working as a federal lobbyist.

"I no longer expect to act as a federal lobbyist," he wrote in a letter to the Clerk of the House and the Senate Office of Public Records, released on Friday.

The campaign of Sen. Biden and Democratic presidential nominee Sen. Barack Obama, D-Ill., had come under fire from Republicans for Hunter Biden's work with his lobbyist firm Oldaker, Biden, & Belair. Just this week, more questions were raised about his work for a couple that runs an online gambling business.

Obama, who refuses to accept donations from federal lobbyists, released a new ad Friday targeting his rival Sen. John McCain's lobbyist ties, but Republicans argued that Obama's claims are undermined by Hunter Biden's work.

"This is another example of Obama's words not matching his actions," said Republican National Committee spokesman Alex Conant. "Obama speaks against special interests, but he doesn't stand up to them, as evidenced by his selection of a Washington insider like Joe Biden. The disconnect between Obama's rhetoric and record undermines any claims to being an agent of 'change' and will hurt him this fall."

Sen. Biden has said in the past that Hunter Biden never lobbied his father's office or committees.

"The McCain campaign and their henchmen at the RNC have broken their own world record for sleaze and scum, attacking the children of the candidates after spending weeks decrying perceived media slights of their own families. Give me a break," responded Biden spokesman David Wade. "Joe Biden's been standing up to the big powerful interests in Washington for 35 years while John McCain has voted their agenda again and again."

"Hunter Biden could've gone anywhere after college but chose the Jesuit Volunteer Corps and the inner city, gave up a big job in corporate America to work in public service for the Clinton Administration, and has represented colleges, universities, and hospitals," Wade said. "I'd put his character up against the attack dogs of the McCain campaign any day and come out a winner."

September 13, 2008 | Permalink | User Comments (67)

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Good, now Obama can go after McCain and all his lobbyists friends and their over seas business.

Posted by: Mrs.Ethel | Sep 13, 2008 1:31:13 PM


Sure Obama doesn't take money from lobbyists. Anyone want to buy some beach property in the Andes?

Obama - what he says and what he does are NEVER the same! NEVER!

Posted by: rodney | Sep 13, 2008 1:38:06 PM

F-uck the liberal bias at ABC News.

Posted by: James | Sep 13, 2008 1:39:20 PM

Earmarks and Pork?

Can you say Obama/Biden?

This move is the Biden version of denouncing a 20-year membership in Jeremiah Wright's church.

Before they try to sweep this one under the rug, we need to review the Obama/Biden/MBNA connection:

A son of Democratic vice presidential candidate Joe Biden was paid an undisclosed amount of money as a consultant by MBNA, the largest employer in Delaware, during the years the senator supported legislation that was promoted by the credit card industry and opposed by consumer groups.

Barack Obama's presidential campaign said Biden helped forge a bipartisan compromise on the measure, which is now law and makes it harder for consumers to obtain bankruptcy protection in the courts.

MBNA's consulting payments to Hunter Biden, first reported by The New York Times, followed his departure in 2001 from the company, where he had been an executive.

David Wade, a spokesman for the Obama campaign, said that "after working in the Clinton administration in the Department of Commerce on Internet privacy and online commerce issues, Hunter consulted for five years as an expert on these very same issues at a time of enormous expansion in online banking."

At the time Hunter Biden was receiving consulting payments from MBNA, he also was a Washington lobbyist at a firm he had co-founded.

Resurrecting Biden's role in the bankruptcy legislation could undercut one of the Obama campaign's lines of attack: That his Republican opponent, John McCain, is insensitive to the financial woes of middle-class Americans.

Consumer and civil rights groups and unions, as well as Democratic opponents, had argued that the bankruptcy legislation was unfair to low-income working people, single mothers, minorities and the elderly, and would remove a safety net for those who have lost their jobs or face mounting medical bills.

The financial services industry made the case that bankruptcy frequently is a refuge of gamblers, impulsive shoppers, divorced or separated fathers avoiding child support, and multimillionaires who buy mansions in states with liberal exemptions to shelter assets from creditors.

When the Senate Judiciary Committee approved the bill early in 2005, Biden, Dianne Feinstein of California and Herb Kohl of Wisconsin were the only Democrats to vote with the Republican majority. Biden also voted for the bill on final passage in the Senate, while Obama voted against it.

MBNA employees have poured more than $200,000 into Biden's Senate campaigns over the past two decades, making donors working for the credit card company the senator's largest source of campaign money.

Anybody But Obama...

Posted by: Jayhawk | Sep 13, 2008 1:41:26 PM

Lobbyists First
Maybe Country Second!
Maybe!!

Posted by: John_McCain_honerable | Sep 13, 2008 1:42:54 PM

Lobbyists First
Maybe Country Second!
Maybe!!

Posted by: John_McCain_honerable | Sep 13, 2008 1:44:17 PM

Hypocrisy Unleashed: In the Earmark Game, Obama Beats McCain, $740 Million To Nothing

"Sarah Palin is a Governor who reduced her state’s earmarks by 63%, nearly 2/3rds, since taking office. It’s still high in Alaska (for reasons the article describes), but it is only a third of what it used to be."

http://theamericansentinel.com/2008/09/08/in-the-earmark-game-obama-beats-mccain-740-million-to-nothing/

Posted by: LightSeeker | Sep 13, 2008 1:44:47 PM

What is "scary?"

A candidate for President who you can't trust. Obama's insincere attempt at "change" is completely undermined by his choice of the Washington Ol' Boy Joe Biden. And his reversal on wire tapping, which would forfeit our right to privacy, and his reversal on public money for his campaign...his nasty attack on the Republican VP nominee with obvious references to her "lipstick" mention...
Why is a Presidential candidate attacking a VICE Presidential candidate, anyway? Man, Obama's got problems.

Posted by: Pete | Sep 13, 2008 1:47:24 PM

In running the sleaziest campaign since South Carolina in 2000 and standing by completely debunked lies on national television, it's clear that John McCain would rather lose his integrity than lose an election.

Posted by: politicjock | Sep 13, 2008 1:48:04 PM

Lobbyists First
Maybe Country Second!
Maybe!!

Posted by: John_McCain_honerable | Sep 13, 2008 1:49:01 PM

Oh, here's another problem for Obama.

Attacking a disabled veteran is beyond horrific.
http://corner.nationalreview.com/post/?q=OTliMTNiZjg5ZDEwZWNiZDYwZWFjN2JlNjNjNjkxZmM=

Posted by: Pete | Sep 13, 2008 1:49:26 PM

If Obama and his campaign think that a new job will erase the Obama/Biden/MBNA connection, they are mistaken:

Old Joe Biden may boast that he takes Amtrak home to Delaware every night, but his younger son, Robert Hunter Biden, appears to be a creature of the Washington establishment.

“Hunter,” as friends and family call him, is a 38-year-old lawyer whose work as a lobbyist and a hedge fund principal has created some awkward moments for the elder Biden, just as the Democratic vice-presidential nominee is emphasizing his working-class origins and how he has tackled moneyed interests on behalf of ordinary Americans.

Hunter Biden, the second son of Biden and his late wife, Neilia, served in the Jesuit Volunteer Corps after graduating from Georgetown University. Right out of Yale Law School, he landed a job with financial services giant MBNA, the largest employer in Delaware and a major contributor to his father’s campaigns.

After stints as a presidential appointee in Bill Clinton’s Commerce Department and a consultant for MBNA, he went into business with William Oldaker, a former Federal Election Commission counsel and longtime adviser and fund-raiser for his father.

Oldaker, Biden & Belair, LLP made $1.7 million in the first six months of this year, and is registered to represent clients including the government of the Northern Mariana Islands, the National Association of Shareholders & Consumer Attorneys and a number of colleges and hospitals.

Biden’s clients reported paying the company $470,000 so far this year, according to the analysis by USA Today.

It is not illegal for a member of Congress to have a relative in the lobbying profession.

At least 24 House members and 31 senators had relatives registered as lobbyists in the 2002, 2004 and 2006 election cycles, according to research by Citizens for Responsibility and Ethics in Washington, a liberal watchdog group.

But the reports about Hunter Biden’s business activities are particularly sensitive at a time when presumptive Democratic nominee Barack Obama has vowed to reduce the influence of special interest groups on policymaking and barred contributions from lobbyists.

The Washington Post, for instance, documented how the younger Biden sought help from Obama’s staff to secure earmarks for several of his Illinois clients, including a college nursing program and a hospital.

The paper reported that Hunter Biden got the cooperation of Obama’s office to win $190,000 in federal funds for St. Xavier University, a four-year, 5,600-student institution run by the Roman Catholic Sisters of Mercy in suburban Chicago.

Biden also sought help from Obama’s staff to get funding for Chicago’s Thorek Memorial Hospital. In 2006, Obama asked for $2 million for a cancer research treatment center there, according to a letter requesting the money posted on Obama’s campaign website.

Hunter Biden was the registered lobbyist and his firm was paid $120,000 for representing Thorek, which has not received funding, according to the Post.

Prior to working for Oldaker, Hunter Biden was the senior vice president and then a consultant for credit card company MBNA Corp.

From 2001 to 2005, he was paid an undisclosed amount by the company, which has since been purchased by Bank of America.

Those were the same years that his father was helping the credit card industry win passage of a law making it harder for consumers to file for bankruptcy protection – a law opposed by Obama and which was finally passed in 2005.

Obama aides told the New York Times that Hunter Biden had never lobbied for MBNA and that there was nothing improper about the consulting payments.

Besides his lobbying and consulting work, Hunter Biden is also chairman of a New York-based hedge fund group, called Paradigm Global Advisers, which faces lawsuits from a former business partner, a former investor, and a former executive, all of whom claim they were defrauded.

Besides Hunter Biden, his uncle, James Biden, is a principal in Paradigm.

In one lawsuit, former investor Anthony Lotito contends that James Biden called him in January, 2006, asking him to arrange a job for Hunter Biden because of Joseph Biden’s concerns that his son’s lobbying career might hurt his bid for the White House.

Lotito provides no evidence of the senator’s involvement in the court papers, however. Hunter and James Biden countersued, accusing their former partner defrauded them by misrepresenting his experience in the hedge fund industry and recommending that they hire a lawyer with felony convictions.

In an affidavit, Hunter Biden said his father had nothing to do with the deal and that it is Lotito who swindled the Bidens.

The Obama/Biden campaign declined to discuss the case with reporters, referring questions to Nicholas Gravante Jr., a lawyer representing Hunter and James Biden.


And the Obama/Biden/MBNA beat goes on...


Anybody But Obama...

Posted by: Jayhawk | Sep 13, 2008 1:51:01 PM

Lobbyists First
Maybe Country Second!
Maybe!!

Posted by: John_McCain_honerable | Sep 13, 2008 1:52:20 PM

Senator Joe Biden (D-MBNA)

Posted by: Jayhawk | Sep 13, 2008 1:54:23 PM

During the years that Senator Joseph R. Biden Jr. was helping the credit card industry win passage of a law making it harder for consumers to file for bankruptcy protection, his son had a consulting agreement that lasted five years with one of the largest companies pushing for the changes.

In other words, when Biden gets up there and talks poignantly about the typical American family sitting around the kitchen table late at night worrying how to pay its bills, and then points to John McCain's seven kitchen tables, he is being a little less than genuine in his concern.

The sad truth is that Biden not only supported but aggressively pushed for a conservative, anti-working class bill that made life a lot harder for that family that he talked about.

The financial services industry began seeking relief from Congress in the mid-1990s from an increase in bankruptcies that was cutting into its profits.

Its initial support came from Republican lawmakers, who repeatedly introduced bills to make it more difficult for consumers to erase their debts.

During that time, executives at MBNA, which was bought in 2006 by Bank of America, began donating heavily to both major political parties and many national politicians, including Mr. Biden.

Senator Biden was one of the first Democratic leaders to support the bankruptcy bill, and he voted for it four times — in 1998, 2000, 2001 and in March 2005, when its final version passed the Senate by a vote of 74 to 25.

We can conclude that the Obama/Biden rhetoric of "change" is just that -- rhetoric, and not anything meant as a genuine threat to the prevailing order of things.


Anybody But Obama...

Posted by: Jayhawk | Sep 13, 2008 2:02:21 PM

Why does Obama continues to be fake?

Posted by: young_voter | Sep 13, 2008 2:10:05 PM

In a normal world, this "resignation" would CAUSE people to investigate more and be all over the headlines, but the issue will soon disappear in the liberal biased media while "troopergate" and it's obama loving democratic led investigator will consume it.

That's OK though, we have our media and our numbers are INCREASING while the bias media goes down.

Posted by: obamasucks | Sep 13, 2008 2:11:42 PM

Neither Biden has to worry about being accused of any illegal.

Beau Biden (Joe's other son) is the Delaware Attorney General and next in line for his dad's Senate.

Posted by: susie | Sep 13, 2008 2:13:18 PM

They ALL suck why even bothering voting at all. It's not like YOUR vote is gonna count anyway. Vote 3rd party, at least then it's a vote of NO confidence to these jackasses!

Posted by: argh! | Sep 13, 2008 2:14:27 PM

Young voter:

It's called politics and Obama is faking that as well.

Whoever wrote that Obama's life has been out front for 2 years, really needs to do some serious internet searching for the truth.

Posted by: obamamama | Sep 13, 2008 2:15:12 PM

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