Sadly, Governor Bill Richardson has withdrawn his name for the Secretary of Commerce position in the Obama administration because of an ongoing investigation into a California company that has been awarded lucrative New Mexico state contracts. The company in question has contributed to Richardson’s political activities. Hopefully, Richardson comes out of the current investigation relatively unscathed. I really think that he is one of our shining stars in that he is able to represent American interests abroad, can effectively interact with Hollywood in bringing revenue into his small state, and has been nominated for the Nobel Peace Prize numerous times.
CQ Politics offers this:
“The investigation involves a California-based company, CDR Financial Products, and whether it received lucrative fees from the New Mexico Finance Authority in 2004 after making political contributions to Richardson.
The Associated Press reported that CDR and its CEO, David Rubin, had contributed at least $110,000 to various Richardson committees. CDR was paid $1.48 million for work given to it by New Mexico.”
This investigation is over approximately $1.6 million transacted between the contributions and the money paid to the contractor by the state of NM. In politics, this is chump change. If Richardson is in fact directly implicated in this matter, I hope that he feels that the $110K contribution was worth losing out on being back in Washington, D.C. in a cabinet position again.