2016 Democrats and Poongsan II

POONGSAN CORP. GAVE THOUSANDS TO THE CLINTON FOUNDATION 2014: Poongsan Corporation Gave Between $25,001 And $50,000 Cumulatively To The Clinton Foundation. “The Clinton Foundation's impact would not be possible without the generous support of our donors and grantors. Their contributions and grants have made a difference in the lives of tens of millions across the world. As part of the Foundation's commitment to transparency, we publicly disclose those who support our efforts. This list is comprised of those who have made contributions or grants to advance the work of any part of the Clinton Foundation, including the Clinton Global Initiative, and indicates cumulative lifetime giving through 2014. Their generosity makes our work possible and we thank them…Donation Amount $25,001 To $50,000…Poonsang Corporation.” [Contributor and Grantor Information, Clinton Foundation, accessed 6/1/15] 2008: Poongsan Corporation Gave Between $10,001 And $25,000 To The William J. Clinton Foundation. “Former President Bill Clinton released a list of donors to his charity, the William J. Clinton Foundation. The database includes more than 146,000 individuals, organizations and governments…Donations from $10,001 to $25,000..Poongsan Corporation.” [New York Times, 12/18/08] HILLARY CLINTON DID NOT VOTE FOR OR SPONSOR ACT ALLOWING PMX INDUSTRIES TO RECEIVE MILLIONS, BUT IT WAS PASSED BY UNANIMOUS CONSENT IN THE SENATE 2005: Presidential $1 Coin Act Of 2005 (S. 1047) Was Co-Sponsored By 34 Democrats And 36 Republicans. [S. 1047, 109th Congress, Library of Congress, accessed 6/1/15]  Sen. Hillary Clinton Was Not Listed As A Co-Sponsor Of S.1047. [S. 1047, 109th Congress, Library of Congress, accessed 6/1/15]  2005: Presidential $1 Coin Act Of 2005 (S. 1047) Was Passed In The Senate By Unanimous Consent. [S. 1047, 109th Congress, Library of Congress, accessed 6/1/15] OBAMA AND CLINTON ADMINISTRATIONS PAID MILLIONS TO POONGSAN CORP’S SUBSIDIARY PMX INDUSTRIES 2008-2012: U.S. Mint Paid PMX Industries $94 Million For Dollar Coin Fabrication, $458 Million Overall. “The U.S. Mint has paid PMX Industries $94 million for dollar coin fabrication and metal since 2008 and $458 million overall since then, spokesman Michael White said. He said the agency hasn't estimated how much PMX would receive under a $1 coin.” [Associated Press, 12/18/12] 1999-2007: U.S. Mint Paid $756 Million To Poongsan Corp. Subsidiary PMX Industries For Metal Used In Coins. “The one-dollar presidential coins that make their debut on Presidents Day gleam with nationalistic pride. But to some advocates of U.S. manufacturers, the new coins are downright un- American. That's because the metal is being supplied partly by PMX Industries of Cedar Rapids, Iowa, a subsidiary of Poongsan Corp. of Seoul, South Korea. The U.S. Mint will pay millions of dollars to PMX and Olin Corp. of East Alton, Ill., to provide the metal strip used to make four different presidential coins annually for the next 10 years. And if past payments are an indication, it won't be chump change; the Mint has paid $756 million to PMX and $715 million to Olin for metal used in coins since 1999, the first year for which the Mint was able to produce such data.” [Politico, 2/14/07] TOM HARKIN WAS A STAUNCH SUPPORTER OF PMX INDUSTRIES, WHICH WAS HIS PUBLIC POLICY INSTITUTE’S LARGEST DONOR 2005: Iowa Senator Tom Harkin Led The Effort To Mandate Production Of Dollar Coins. “Poongsan’s federal contracts surged as high as $308 million per year (see graphic at left from OMB Watch, a federal spending watchdog) after Harkin led the effort to mandate production of dollar coins in 2005 (when the company’s received $140 million from Uncle Sam). Last year, National Public Radio reported that more than $1.2 billion in dollar coins sit idle, earning no interest, in Federal Reserve vaults due to lack of demand by banks and consumers.” [The Iowa Republican, 12/19/12]