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Obama, Renco Group, AM General, Military Contracts, Builder in Palstinian Territories!

Original post made by Busted!, another community, on Aug 9, 2009

Renco Group ie: AM General (Military Vehicle NO Bid Contractor) for YEARS, the swindler and one of the worlds biggest polluters, IRA RENNERT IS FUNDING construction in the Palasinian Occupied Region of Isreal that OBAMA insists ISREAL should not be builing in!!!!!!!

And this is NO Obama Thing its a long standing US Gov thing! Just one in a million scams on America!


The Jerusalem Post reports: Renco Group Inc. founder Ira Rennert and bingo entrepreneur Irving Moskowitz are among US donors who have given $25.4 million in five years to build Jewish homes in Arab parts of Yerushalayim - the same areas where President Barack Obama is pressing Israel to stop such construction.


The American contributions, detailed in Internal Revenue Service records, have gone to organizations such as Ateret Cohanim. The group says it bought at least 45 properties, most in the Muslim Quarter, to advance its goal of a Jewish majority in the predominantly Arab Old City.


The donations have also helped fund plans to build Jewish homes on the Shepherd Hotel site in the Sheikh Jarrah neighborhood. The US State Department two weeks ago asked Israel to halt the project, which has been condemned as a threat to Israeli-Palestinian peace prospects by the French government, the European Union and Palestinian Authority President Mahmoud Abbas.


Plans to build homes for Jews in that part of the city are "the type of issue that should be subject to permanent-status negotiations," State Department spokesman P.J. Crowley told reporters on July 20.


Prime Minister Binyamin Netanyahu said at a July 19 cabinet meeting in response to the US criticism that Israel wouldn't tolerate any restrictions on Jews buying property in the city. "Our sovereignty in Yerushalayim is indisputable," Netanyahu said.


While West Bank settlements also attract American contributors, Yerushalayim is the region's main flashpoint, said Gershom Gorenberg, author of The Accidental Empire: Israel and the Birth of the Settlements.


Palestinians view east Yerushalayim as the capital of a future Palestinian state, a goal Gorenberg said the Jewish real-estate purchases are meant to block.


Donors "want to prevent any political compromise that might lead to a peace agreement," he said.


Ateret Cohanim leaders point to municipal records and maps that show a Jewish majority in the Old City between 1880 and 1936, before Jordan captured the area in 1948. Most of the properties they have bought once had Jewish owners, the group says.


"We are coming home, we are growing, we are building and it will continue," said Yossi Baumol, former executive director of Ateret Cohanim. He now raises money for the Jewish community in Hebron.


Obama has picked the wrong battle, says Michael Rubin, a resident scholar at the American Enterprise Institute in Washington.


"Obama should be president and broker final-status talks, he shouldn't be the zoning commissioner," Rubin said in an e-mail. "If Obama is saying that since Jerusalem is disputed, no construction should be permitted, he's now going to face demands about ALL construction in the city, both Arab and Jewish."


Every Yerushalayim resident "is permitted to build anywhere he or she desires, as long as they meet the building codes of the city," says Yerushalayim Mayor Nir Barkat. "They have the right to build and live there like anywhere in Jerusalem," he said at a July 23 news conference during a visit to New York.


Another group, the Elad Association, has focused on implanting about 60 Jewish families among the 3,000 Palestinians who live in the Wadi Hilweh and Bustan areas in the Silwan neighborhood, according to Ir Amim, an advocacy group for Palestinians in the city. The homes sit on a steep slope below the Old City.


Elad received $2.5m. from New York-based Friends of Ir David Ltd. in 2007, according to the IRS records, which also show that Friends of Ir David got $405,000 in contributions from the Irving Moskowitz Foundation that year.


Under an agreement with the Israel Nature and Parks Authority, Elad has promoted Silwan to tourists as the site of King David's Jerusalem, the City of David. Donors to its visitors' center include Moskowitz, who according to his foundation's Web site was born in 1928, and Eugene Shvidler, a Russian-American oil billionaire and business partner of Chelsea soccer team owner Roman Abramovich.


The names of Shvidler and his wife, Zara, are embossed in metal letters on a large slab at the entrance to the visitors' center. Moskowitz's name is on a smaller plaque inside a stone arch in the interior.


"They're trying to erase the fact that this is an Arab village and turn it into an Israeli tourist attraction," said Jawad Siyam, 39, a Palestinian community activist who has fought residential evictions in court. "When tourists come to the village, they have no idea who's really living here."


Doron Spielman, a spokesman for Elad, said: "The preservation and development efforts of the City of David project have brought hundreds of thousands of visitors to the neighborhood in recent years, and one can clearly see infrastructure improvements that benefit both Arab and Jewish residents, along with the opening of Arab-owned shops in the area."


Rennert, founder of New York-based Renco, an industrial holding company, declined through spokesman John Dillard to comment on any property purchases in Jerusalem. Shvidler, a partner with Abramovich in Moscow-based investment company Millhouse LLC, declined to respond through spokesman John Mann.


The Hawaiian Gardens, California-based Irving Moskowitz Foundation didn't reply to a message sent through its Web site.


A phone number listed on its 2007 tax return was disconnected.


The donations are not alleged to violate any laws.


Jerusalem is a tinderbox because of its religious importance for Jews, Muslims and Christians. When Netanyahu in his first term as prime minister in 1996 opened a restored ancient tunnel bordering the Temple Mount, riots broke out that left about 70 Palestinians and at least 12 Israelis dead.


Moskowitz and Rennert are contributors to that tunnel complex, one of the Old City's biggest tourist attractions, according to the Web site of the Western Wall Heritage Foundation, which maintains and develops the Western Wall.


In 2008, the Rennert-funded Guardian of Zion award was given to Elad founder David Be'eri and executive vice president Yehuda Maly, who each received $50,000.


Both Rennert and Moskowitz were honorary chairmen of a New York fund-raising dinner last year for the Jerusalem Reclamation Project, which supports Ateret Cohanim. The invitation to the $300-per-person event shows 43 honorary chairs in all and 41 associate chairs.


Friends of Ir David reported to the IRS that it raised $3m. in 2007, the last year for which records were available.


From 2003 to 2006, the group raised $14.7m.


New York-based Friends of Ateret Cohanim raised $2.1m. the same year, according to its IRS filing. In the previous four years it raised $5.6m. The Moskowitz foundation gave $50,000 to Ateret Cohanim in 2007, according to IRS records. The group conducts its purchases of Arab homes in an unmarked office in downtown Jerusalem.

Comments (5)

 +   Like this comment
Posted by Busted:
a resident of another community
on Aug 9, 2009 at 9:37 pm

Take Notice that the only thing Obama has to do with this is that he is against Israel Building in the Palsinian Occupied Areas.

I wouldn't be suprised if even Obama has not connected the dots.

There is a really long history with Rennert and it goes Way back.


 +   Like this comment
Posted by No Way?
a resident of Birdland
on Aug 9, 2009 at 9:46 pm

So let me get this straight. Renco Group A.K.A. Ira Rennert (Forbes top 120 richest men in America) A.K.A. AM General hashad and continues to have no bid military and other Government contracts contracts for vehicles. He is also one of the world's biggest junk bond scammers, filing Bankruptcy after Bankruptcy and changing entities, also one of the world's biggest polluters and he is basically a clandestine General Contractor, building Israeli Homes in the Palestinian Occupied Territories?

If this is all substantiated, this is insane!


 +   Like this comment
Posted by Me Too
a resident of Canyon Creek
on Aug 9, 2009 at 10:00 pm

"If this is all substantiated, this is insane!"

Yeah, what the hell is our president doing - this needs to stop!


 +   Like this comment
Posted by OMG
a resident of Civic Square
on Aug 9, 2009 at 10:15 pm

In 1988, the government of Israel established the Western Wall Heritage Foundation.
Western Wall Heritage Foundation
587 Fifth Avenue
New York, NY 10017
tel: (212) 725-0598


With its offices in the Rockefeller Center, Renco Group, of which Rennert is both President and CEO, ranked 89th in the Forbes' list of America's largest privately-held companies, with an estimated annual revenue of $2.15 billion. Rennert's holding company acquired military contractor AM General in 1992 for $133 million, later selling a stake to Ron Perelman's MacAndrews & Forbes holding company for $930 million in 2004. Other subsidiaries of Renco include: Renco Steel, Baron Drawn Steel, Doe Run – the world's second largest lead smelter, Unarco Material Handling, and US Magnesium.

Renco Group lost control of WCI Steel (now Serverstal Warren) when the company emerged from Chapter 11 bankruptcy protection in 2006. In February 2008, Renco Group acquired Delphi's interiors and closures business which has been renamed Inteva Products, LLC. In a series of junk bond issues since 1995, Renco's subsidiaries have borrowed an estimated $1.1 billion and transferred $322 million (29 percent) to Renco Group, according to documents filed with the SEC.

Rennert caused controversy among his neighbors by building a beach front home in Sagaponack, New York considered one of the largest occupied residential compounds in America. The house outraged locals, who claimed Rennert originally planned to use it as a spa, a hotel, or a religious retreat. Rennert denied such allegations, and the local paper later issued an apology. Rennert named his home after the adjoining body of water, Fairfield Pond. The house faces the Atlantic Ocean and its grounds measure 63 acres. The buildings, which total over 110,000 square feet (10,000 m2), including the 66,000-square-foot (6,100 m2) main house, have an Italianate facade, 29 bedrooms, and 39 bathrooms. The house has a dozen chimneys and a Mediterranean-style tile roof as well as a 91-foot (28 m) long formal dining room, a basketball court, a bowling alley, two tennis courts, two squash courts, and a $150,000 hot tub Its property taxes in 2007 were $397,559.00. Based on these taxes, the home is currently valued at $185 millions making it the most valuable home in the Hamptons.


 +   Like this comment
Posted by Wow
a resident of Downtown
on Aug 10, 2009 at 1:17 pm

Very interesting history here! Wow!


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