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Follow the Money, Money, Money
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Lost in the attention given to Obama’s Internet surge is that only a quarter of the $600 million he has raised has come from donors who made contributions of $200 or less, according to a review of his FEC reports. That is actually slightly less, as a percentage, than President Bush raised in small donations during his 2004 race, although Obama has pulled from a far larger number of donors.
Interest among major party donors grew so fevered that the Democratic Party created a separate committee to capture millions of additional dollars from individuals who had already given Obama the most the law allows and who had also anted up $28,500 to the Democratic National Committee. The Committee for Change, created in mid-July, has become a vehicle for ultra-rich Democratic donors to distinguish themselves from the 3.1 million others who have put $600 million behind Obama’s presidential candidacy. “We kept running into donors who had maxed out to Obama Victory who wanted to do additional money and had the capacity to do it and were eager to do it,” said Alan Kessler, a Philadelphia lawyer who recently held a fundraiser for the committee. “They asked if there were vehicles and other ways to do it, and we said yes.” "The truth is, he is attracting more money at all levels, ranging from $1 to $2,300," said Jan Baran, a Republican fundraising expert. "We're talking about someone who raised money from 3.1 million people. I think he can validly claim a widespread base of support." From the start, Obama's campaign has designed a fundraising effort that tries to maximize contributions from both small and large donors. That effort expanded in late summer, when Obama prepared to accept his party's nomination and the DNC set up separate committees that would enable top donors to give as much as $65,500 to support his bid. The best-known of those committees, the Obama Victory Fund, has catered to party regulars who attended one of dozens of gala events around the country, including VIP gatherings for those able to donate $28,500. The Committee for Change has quietly accepted millions more, in checks ranging from $5,000 to $66,900, from celebrities, corporate titans, Native American tribes and several of Obama's most ardent bundlers. They include entertainment mogul David Geffen, Baltimore Orioles owner Peter Angelos, actress Annette Bening, the California-based Sycuan Band of the Kumeyaay Nation and members of Chicago's Crown family. DNC spokeswoman Karen Finney said the committee will support ground operations in 18 states, including all the key battlegrounds. "It's a way for donors to give directly to the state parties' ground operation, working in the field in support of Democrats up and down the ballot," she said. The closest equivalent to the soft-money donors of the Clinton era, or to Bush's "Pioneers" and "Rangers," are those who have contributed to each facet of the Obama fundraising machine. Among those who have both raised top dollar and donated it are St. Louis developer Bob Clark, Florida lawyer Mark Gilbert, and Hollywood moguls Geffen and Jeffrey Katzenberg, whose children each gave $37,000 to the Committee for Change. The Crowns, longtime Obama patrons, are among a handful who have given across the board: They raised more than $500,000 for Obama's campaign, they collectively gave $18,500 directly to the campaign, they donated $57,000 to the Victory Fund, and they sent $74,000 to the Committee for Change. "By both raising the most money and donating to every committee, they become double big players," said Fred Wertheimer, a campaign finance advocate who helped lead the effort to rid politics of soft-money donors, who were allowed to give unlimited amounts. "This has become the newest form of problem money."
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Obama Camp Continues Mega-Million$$$ Campaign Donation Fraud-- Door Still Open!
While the American media continues to focus on what Sarah Palin is wearing the Barack Obama Campaign continues to pull off the largest campaign donation fraud in history. By turning off their Address Verification System, or AVS, at the Obama website, the Democratic candidate was able to raise a record $150 million in donations last month from millions of donors from all over the world. Here's more proof that the Obama Camp is still cheating and accepting donations from anyone anywhere in the world! This just came in the mailbox: Rezko Donation Entered at Obama Campaign website: Jim,Rezko Donation Accepted by Obama Campaign: Rezko Donation Charged to Credit Card: Power Line has more on Obama's massive fraud. Here's more from C.-- It’s clear to me that Obama has a sophisticated system that could easily flag and reject these donations if they wished to do so. The fact that only one of my donations showed up on my CC statement within the first 24-hrs initially gave me pause that they were screening for fraud (even though I gave a completely fake address that didn’t match my card). However, when the other three donations showed up three days later, it only confirmed my worst suspicions.
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National Journal Makes Illegal Contributions To Campaigns, Obama Accepts McCain Doesn’t
By Rob on October 25, 2008 at 01:57 pm Surprise, surprise. Someone does think Obama’s fraudulent campaign finance practices are a more important story than Palin’s wardrobe. To test the campaigns’ practices, this author bought two pre-paid American Express gift cards worth $25 each to donate to the Obama and McCain campaigns online. As required by law, the campaigns’ Web sites asked for, and National Journal provided, the donor’s correct name, location and employment. The cards were purchased with cash at a Washington, D.C., drugstore, and the campaigns’ Web sites were accessed through a public computer at a library in Fairfax County, Virginia.Something needs to be done about this and quick. If Obama wins the White House it’s not going to matter how much fraudulent cash he took in. He’ll be in, and with impeachment proceedings unlikely to get much traction in a Democrat-controlled Congress nothing short of a coup would pry the fraudulent schmuck out of office. http://sayanythingblog.com/entry/nat...a_accepts_mcc/
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WaPo, Crediting Conservative Blogs, Hits Obama (A Little) On Fraudulent Fundraising
» by Bill Dupray in: 1st Amendment, Barack Obama, Blogs, Conservatives, Corruption, Election, Media A great example of conservative bloggers shouting the truth until somebody hears. Our post, Bombshell: Obama Neck Deep in Breaking Campaign Finance Scandal, went up on October 1, pulling from a Newsmax piece. I am sure somebody had it even earlier. The Post gives righty bloggers the hat tip. Concerns about anonymous donations seeping into the campaign began to surface last month, mainly on conservative blogs. Some bloggers described their own attempts to display the flaws in Obama’s fundraising program, donating under such obviously phony names as Osama bin Laden and Saddam Hussein, and reported that the credit card transactions were permitted.There is still a huge “don’t look over here” by the Post trying to protect The One. They use the tried and true, “Both parties do it, so we need a bipartisan approach to fix it,” which is a crock, in light of the fact that McCain’s campaign (and Hillary’s, for that matter) caught essentially all of the phony stuff with the existing credit card fraud prevention programs. And while they rough up Obama a bit, there is no discussion of the fact that the Obama campaign had to deliberately disable all of the fraud protection in order to accept a these phony donations. While the potentially fraudulent or excessive contributions represent about 1 percent of Obama’s staggering haul, the security challenge is one of several major campaign-finance-related questions raised by the Democrat’s fundraising juggernaut. . . .If Obama has raised more than $600 million so far, then 1% (and when you add in all of the illegal foreign contributions, the tainted amout is much higher than that), is $6 million. Well, McCain only had $86 million in matching funds for the general election, so Obama fraud money is 7% of McCain’s total. The thugs in the Obama camp know that campaign finance irregularities are never investigated until after the election is over. The message to Chicago politicians is crystal clear: Cheat and lie as much as you can, raise as much money from any source to win the thing, and we will have it “investigated” once our guy is the President. http://patriotroom.com/?p=3379
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Bob Kerrey isn’t happy with secretive Obama fundraising
For a long time, I’ve said Bob Kerrey dropped out of the 1992 presidential race too early. He’s the Democratic Kerrey who should have been president. As an independent thinker and practical liberal, the former senator from Nebraska always has been able to ignore the Democratic Party orthodoxy and look at the facts. Now Kerrey is at it again, pointing out that Barack Obama is opening a Pandora’s Box by becoming the first presidential candidate since Watergate not to accept public financing for his campaign, by taking hundreds of millions of dollars in potentially untraceable contributions, and by not immediately releasing the names of all his contributors. If it were McCain. Kerrey, currently president of the New School, says no Republican could have done that and escaped general condemnations in the press. “There’s a liberal bias. There’s a preference for Obama and it’s getting underreported as a result. …Again, I say it’s not a liberal bias. It’s a Democratic Party bias. But I understand too clearly what Kerrey is saying. Broken pledge. Obama pledged in September 2007 that he would accept public financing for his campaign if McCain also accepted it. McCain accepted it. But eight months ago, Obama calculated he could collect much more cash privately, and he broke his pledge. Obama’s move may have introduced a new virus into the already troubled political process. Four years from now, we may discover it has produced a very ugly disease. Frank Warner http://frankwarner.typepad.com/free_...rrey-isnt.html
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National Right to Work Podcast - Episode 2: Big Labor's Political Spending Machine At Full Tilt
Fri, 10/24/2008 - 12:05 — Will Collins Episode 2 of the Foundation's weekly podcast is now available online for download. Foundation VP Stefan Gleason discusses union politics and Big Labor's massive fundraising apparatus with Stanley Greer, program director at the National Institute for Labor Relations Research. Greer pegs the amount of money (largely funded with dues collected under from workers forced to pay) that Big Labor will be spending on this election at $1.2 billion or more, and explains the many ways union bosses funnel money to their hand-picked candidates. Listen here:
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Last edited by darrels joy; 10-29-2008 at 11:19 AM. |
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#10
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The Columbia World of Quotations. 1996.
NUMBER: 30729 QUOTATION: I sincerely believe ... that banking establishments are more dangerous than standing armies, and that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale. ATTRIBUTION: Thomas Jefferson (1743–1826), U.S. president. Letter, May 28, 1816, to political philosopher and senator John Taylor, whose book An Inquiry into the Principles and Policy of the Government of the United States (1814) had argued against the harmful effects of finance capitalism. BIOGRAPHY: Columbia Encyclopedia
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