The Clinton Global Initiative (CGI) was one of the crown jewels of the Clinton family’s post-Presidential empire.
They used the CGI to rake in donations from fat cats and foreign governments.
But after Hillary’s loss, their enterprise was exposed as scam in light of shocking developments.
Since the election ended and Hillary Clinton flamed out in defeat, donations to the Clinton Foundation have plummeted.
Foreign governments such as those in Australia and Norway began canceling contracts.
With all the money drying up, critics are pointing out the Clinton Foundation was really nothing more than a shell game for Bill and Hillary to collect millions of dollars on the promise of access to a future President Hillary Clinton.
And this loss of revenue has had dire consequences.
The Clinton Foundation shut down the CGI by laying off 22 employees.
The CGI was intentionally set up as a networking programming for big money donors so they could meet and funnel money to Clinton Foundation related projects.
The Observer reports:
“But as soon as Clinton lost the election, many of the criticisms directed toward the Clinton Foundation were reaffirmed. Foreign governments began pulling out of annual donations, signaling the organization’s clout was predicated on donor access to the Clintons, rather than its philanthropic work. In November, the Australian government confirmed it “has not renewed any of its partnerships with the scandal-plagued Clinton Foundation, effectively ending 10 years of taxpayer-funded contributions worth more than $88 million.” The government of Norway also drastically reduced their annual donations, which reached $20 million a year in 2015.
On January 12, the Clinton Foundation received more bad news: a WARN notice was filed with the New York Department of Labor. The main office of the Clinton Global Initiative in New York City would be closing, laying off 22 employees. The Worker Adjustment and Retraining Notification Act (WARN) “offers protection to workers, their families and communities by requiring employers to provide notice 60 days in advance of covered plant closings and covered mass layoffs. This notice must be provided to either affected workers or their representatives (e.g., a labor union); to the State dislocated worker unit; and to the appropriate unit of local government.” The reason for the filing was stated as the “discontinuation of the Clinton Global Initative,” after CGI previously announced layoffs leading up to the general election.
The Clinton Global Initiative was created in 2005 to serve as a networking platform for the Clinton Foundation. Both the initiative’s mission and its own definition of what it seeks to accomplish are vague. “Rather than directly implementing projects, CGI facilitates action by helping members connect, collaborate, and make effective and measurable Commitments to Action—plans for addressing significant global challenges,” states the CGI website. The Clinton Global Initiative and Clinton Foundation director of media relations have not responded to requests for a comment.”
Hillary Clinton was repeatedly hounded during her campaign about pay-to-play allegations surrounding the Clinton Foundation.
The increased scrutiny led to a 37 percent drop in donations in 2015 – the latest data available according to tax filings.
The Foundation is also the subject of an ongoing FBI public corruption investigation.
The news hovering over the Clinton Foundation is all bad.
And closing the CGI confirms critics’ concerns – that the Clinton Foundation was nothing more than an entry point for foreign governments to buy and sell U.S. foreign policy in a transactional relationship with Bill and Hillary Clinton.