Wednesday, July 23, 2008

Where Does Obama's Money Really Come From?

Posted on Newsweek blog by Bonnie Erbe

consider whence much of Obama's money comes. While donations to his campaign are not accepted from lobbyists per se, they are proffered by corporate executives. These same executives face a mountain of federal issues on which they will most surely need Obama's help, should he win the White House in November. So what's the difference?

To wit. Bloomberg reported that donors to Obama's joint fundraising committee included Jay Grinney, president and chief executive officer of Birmingham, Ala.-based HealthSouth Corp., who gave $10,000, and Donald Thompson, U.S. chief of Oak Brook, Ill.-based McDonald's Corp., who gave $28,500, the maximum.

As I've noted before, Sen. Obama's fourth-largest corporate donor is Exelon, the nation's largest provider of nuclear power.
Did he take donations straight from the pockets of the company's lobbyists? No. But did he accept largesse in the amount of more than a quarter million dollars from Exelon's CEO and top executives? Yes. In the process, he watered down to oblivion an antinuclear amendment he had sponsored, originally to force nuclear power producers to report even the most negligible of radioactive leaks. He then went on to tell mesmerized campaign audiences he had "passed" his antinuclear bill, which never passed the U.S. Senate.

I have done a search on the Federal Election Commission website for donations to Obama's campaign. Page after page was listed a name but no other information listed.

Where indeed has BO's money been coming from? Do those people really exist? When I have made donations online, I have always had to give my address and occupation, credit require an address be given to avoid fraud. Just something to think about.

No comments:

Post a Comment