The President’s Utility
Crony capitalism in Chicago turns “green” into greenbacks (Green Watch, September 2013 – PDF here)
By Ed Lasky
Summary: Exelon has made countless millions off its political connections and stands to make a fortune off Obama administration energy policies. Its story brings together the President’s former campaign director, his former chief of staff, and others who operate “the Chicago way.”
“We are proud to be the President’s utility.” — Elizabeth Moler
A gaffe, they say, is when someone in politics accidentally tells the truth. When Elizabeth Moler, the chief lobbyist for utility giant Exelon, said in 2009 that Exelon is proud to be the President’s utility, she threw a spotlight on the ties between Barack Obama and a company that stands to make billions off the President’s environmental policies.
Those ties include Obama’s campaign chief David Axelrod, who worked for Exelon, and the President’s first chief of staff at the White House, Rahm Emanuel, who negotiated the merger that created the company. An Exelon board member, John W. Rogers, was described by the New York Times as “a friend of the president’s and one of his top fund-raisers.” The President’s mentor in the Illinois State Senate, Emil Jones, was described by the Washington Examiner as “wrapped around [Exelon’s] finger.”
Even the late Thomas G. Ayers, who served as Exelon’s president and CEO, plays a role in this story. (Ayers, you may recall, was the father of terrorist Bill Ayers and the father-in-law of terrorist Bernardine Dohrn. Read all »