POLITICS: Campaigns

Terry McAuliffe's ideological flexibility spells $$$

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Politics,Beltway Confidential,Virginia,Timothy P. Carney,Terry McAuliffe,Ken Cuccinelli,Campaign Finance,Campaigns,Analysis

Terry McAuliffe, the millionaire former Bill Clinton fundraiser and subsidized green-car maker running for Virginia governor as a Democrat, recently did an about-face on fossil-fuel development.

The Washington Free Beacon points out that this switch may have been financially prudent for McAuliffe’s campaign:

McAuliffe attended a fundraiser on Sunday at the home of former Democratic Virginia Rep. L.F. Payne, who is now a lobbyist at McGuireWoods Consulting.

Payne has lobbied on behalf of oil companies since 1999, according to disclosure forms.

One of Payne’s top clients is Dominion Resources Inc., a Richmond-based oil company that has expressed interest in drilling off the Virginia coast if new offshore exploration is approved.

McAuliffe is one of the more openly corporatist politicians in America today, and so it’s not likely he’ll be ashamed of this timing.

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