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M a c r o M a y h e M

Tuesday, June 14, 2005

Cunningham under scrutiny for Real Estate deal with political contributor

NCTimes reports:

"This doesn't look good at all," Larry Noble, director of the Center for Responsive Politics, told the Union-Tribune. "It doesn't look like something that was on the up and up."

MZM has been a major contributor to Cunningham campaigns, having donated $13,000 in the 2003-04 election cycle, the Union-Tribune reported. According to the newspaper: Wade was a Pentagon program manager before starting MZM in 1993. In 2003 and 2004, MZM's business picked up. In fiscal 2003, it won $41 million in defense contracts. Since then, MZM has added tens of millions of dollars in additional contracts, including a $5 million contract to provide interpreters in Iraq. In 2004, MZM had $66 million in revenues, according to Washington Technology magazine, which put the relative corporate newcomer on its 2005 list of "Top 100 Federal Prime Contractors."

Again - It looks as if Mitchell Wade has benefited from the sale of Cunningham's Del Mar home - even though he lost $700,000 on the deal.

Similarly, it looks as if Randy Cunningham has benefited from the contracts that his committee had awarded to Mitchell Wade's MZM business.

How is it even appropriate for a Representative of Congress to contact a military defense contractor and propose the sale of property between them?! It's starting to show how much of a shill Cunningham is for his beholden Miltary Industrial Constituents. His own self interest is apparently what he feels needs "representation".


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