Grimes Releases Another Despicable Attack On Sen. McConnell’s Wife

FOR IMMEDIATE RELEASE
August 16, 2014
Contact: Allison Moore 502-618-1372

LOUISVILLE – Team Mitch today released the following statement and background information on Alison Lundergan Grimes’ latest attack on Sen. McConnell’s wife.

"The latest attack ad from Alison Lundergan Grimes is nothing short of despicable.  Apparently Grimes' entire candidacy has been reduced to attacking Mitch McConnell's wife at every turn in the hopes she can distract Kentuckians from her profound inexperience and steadfast commitment to the Obama agenda," said Team Mitch spokeswoman Allison Moore.  

BACKGROUND:

When Asked Whether The Ad Was An Attack On Sen. McConnell’s Wife, The Grimes Campaign Did Not Deny It. “Grimes campaign spokeswoman... pointed to supporting material for the ad that said McConnell has earned at least $4 million in government salary since 1985." (Sam Youngman, “Alison Lundergan Grimes shifts into attack mode in latest television ad,” Herald-Leader, 8/15/14)

Alison Lundergan Grimes’ Previous Attacks Implying He Has Profited Off His Office Have Been Found False.

Alison Lundergan Grimes Does Not Have “License To Suggest” That The Increase In Senator McConnell’s Wealth Comes From Government Service. But that does not give Grimes license to suggest that somehow the increase in his wealth came from being on a public payroll with pay raises that McConnell voted for—“on the backs of hardworking Kentuckians that can’t afford it.” Rather, this is money that his wife inherited, meaning it has nothing to do with his earnings as a U.S. senator.” (Glenn Kessler, “How did Mitch McConnell’s net worth soar?,” Washington Post, 5/22/14)

Sen. McConnell’s Wealth Is In No Way Connected With His Earnings As A Senator. “In other words, virtually all of the increase in McConnell’s increase in net worth comes from his wife’s money, not his congressional work.” (Glenn Kessler, “How did Mitch McConnell’s net worth soar?,” Washington Post, 5/22/14)

The Majority Of Sen. McConnell’s Net Worth Comes From A Gift His Wife’s Father Gave To The Couple. “In 1993, McConnell, whose first marriage ended in divorce, wed Elaine Chao, an up-and-coming Republican operative then serving as the president of United Way of America. She's also the eldest of Chinese-born shipping magnate James Chao's six daughters. Her father built a fortune as founder and chairman of the Foremost Group, a privately held outfit based in New York City that moves iron ore, coal, scrap metal, and wheat around the world. And Chao père delivered the bulk of the couple's wealth in a 2008 gift valued between $5 million and $25 million.” (Tory Newmyer, “The secret to Mitch McConnell's millions,” Fortune, 3/20/14)

Sen. McConnell Also Received Inheritances From His Mother And Uncle. “McConnell’s public financial disclosure reports for 1994, 1999 and 2008 indicate that the substantial growth in his net worth came mostly from two family inheritances and a gift from the family of his wife, former Secretary of Labor Elaine Chao. His 1994 report details the disposition of his mother’s estate to him, his 1999 report includes the distribution to him from his uncle’s estate, and his 2008 report shows the Chao family gift made after his wife’s mother died.” (John David Dyche, “John David Dyche: Mitch McConnell's Money,” Courier Journal, 12/6/11)

Sen. McConnell No Longer Owns Individual Stocks. “Additionally, McConnell long ago divested himself of individual stocks to eliminate any appearance of impropriety regarding legislation that might impact an individual company.” (John David Dyche, “John David Dyche: Mitch McConnell's Money,” Courier Journal, 12/6/11)

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