Armey Got $8 Million to Leave Tea Party Group

December 04, 2012

Armey Got $8 Million to Leave Tea Party Group

Former House Majority Leader Dick Armey (R-TX) received an $8 million payout to leave the conservative Tea Party group, FreedomWorks, "because of an internal split over the group's future direction," the AP reports.

A confidential contract shows that Armey agreed in September to resign from his role as chairman of FreedomWorks in exchange for $8 million in consulting fees paid in annual $400,000 installments.

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Taegan D. Goddard is the founder of Political Wire, one of the earliest and most influential political web sites.

Goddard spent more than a decade as managing director and chief operating officer of a prominent investment firm in New York City. Previously, he was a policy adviser to a U.S. Senator and Governor.

Goddard is also co-author of You Won - Now What? (Scribner, 1998), a political management book hailed by prominent journalists and politicians from both parties. In addition, Goddard's essays on politics and public policy have appeared in dozens of newspapers across the country, including the Washington Post, USA Today, Boston Globe, San Francisco Chronicle, Chicago Tribune, Philadelphia Inquirer and Christian Science Monitor.

Goddard earned degrees from Vassar College and Harvard University. He lives in New York with his wife and three sons.

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December 04, 2012