While many Chicagoans are hoping than someone – anyone – steps forward to appropriately challenge Chicago Mayor Rahm Emanuel in the next mayoral election in 2015, it has been learned that the controversial mayor who is duly criticized for doing one money-grab after another on the city’s citizens via fines and fees – such as the latest controversy surrounding his speed cameras gracing mile after mile of the city near parks and schools that run well into the evening hours – has $5 million in cash on hand to get his current job again, according to a Sun-Times report on Friday.
Chicago, which has been crowned the murder capital of the United States under Emanuel’s watch in the past couple of years, has found that Emanuel has brought in nearly $1.4 million in campaign donations in just the last three months.
The mayor’s latest financial report discloses that he raised in excess of $1.1 million in contributions in September. This is more than any of the five persons running for Illinois’ governor’s race which is an election held about a year before Emanuel’s Chicago mayor’s election is even held.
According to Emanuel’s political strategist, John Kupper, Emanuel will be officially filing a report on Oct. 15 which will assert that the mayor has $5.13 million in cash on hand. Of that total, $4.66 million in contributions have been hauled in since he took office.
Reportedly, the sources that helped Emanuel win his first term as Chicago mayor are coming through for the second election, also. Hollywood-characters such as Robert DeNiro and Calvin Klein – who have strong ties to Emanuel’s Hollywood agent brother Ari Emanuel - are reportedly dipping in their wallets again – in spite of what Chicago has and is negatively turning into via crime as well as controversies and discontent with the electorate in terms of the Chicago Public Schools’ situations of late.
In spite of Emanuel’s ongoing struggles with the labor unions, it is reported that $783,400 has mysteriously come in from organized labor to support the mayor’s next mayoral bid. Curiously, approximately $120,000 of Emanuel’s recent donations is from Citadel employees and from Ken Griffin, the hedge fund manager.
Other strong donors include Stephanie Cutter – a former campaign strategist for President Barack Obama, Unite Here, A&E Television’s CEO, Democratic fundraisers Lew, and Susan Manilow who has coughed up $10,600 to see Emanuel remain in power. The Katten Muchin Rosenman LLP attorney group - that has former Chicago Mayor Richard M. Daley as an employee – reportedly gave a sizable amount of funds to Emanuel’s campaign fund.
Also mentioned in the report were donors from Kirkland and Ellis attorney group as well as financial groups CTC and Grosvenor Capital Management LP. Giving $10,000 or more were the advocacy group Stand for Children which fought the teacher’s union and backed Emanuel’s school reforms, former United States Treasury Secretary Henry Paulson and his wife, and Brad Keywell and his wife who are behind the local Groupon online business.
Sports team owners also have come through for Emanuel – reportedly owners who have or hope to one day profit from the decisions the mayor makes. Todd Ricketts – owner of the Cubs – coughed up $2,000 only after Emanuel gave the Cubs the approval to spend $500 million to renovate Wrigley Field and develop the land around it, as well as other approvals which will assist Rickett with his money-making business ventures. Also, Jerry Reinsdorf – the Bulls chairman – gave $5,000 to Emanuel as the Bull’s plan to build a $95 million retain and entertainment complex near the United Center - while attempting to get property tax breaks which would save the Bulls and the Blackhawks millions of dollars on property tax bills assessed against the United Center.
To date, no one has said they are going to challenge Emanuel for the mayor’s job in 2015, and with the intimidating bank Emanuel is accumulating it is difficult to imagine who will. There is reportedly some support for Cook County Board President Toni Preckwinkle to take over the mayor’s office in 2015, but thus far she said she is running for her current job again.
Emanuel has been extremely criticized for his frequent trips out of Chicago to raise money for his political future while Chicago is under attack by its own citizens – day in and day out.
Locally, the Chicago Teacher’s Union and African-American citizens have become severely discouraged with Emanuel during his first term in office. Both fronts greatly assisted Emanuel’s first election. It is believed that both are also trying to recruit worth candidates to challenge Emanuel in 2015.