
WASHINGTON, Oct. 27, 2008
Who's Really Backing Barack Obama?
CBS Evening News: Obama Says 90 Percent Of His Donations Are Small, But He's The Biggest Fundraiser Ever
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Raking In The Bucks
Barack Obama has raised more money in fundraising than any other political figure in history and 90% of the contributions are in small amounts. Sharyl Attkisson has more.
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Obama's Secret Donors
"Only On The Web:" Who accounts for the large donations the Obama campaign has received? Sharyl Attkisson asks Center for Responsive Politics' Sheila Krumholz why the public should know.
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Obama On The Trail
Sen. Barack Obama campaigns for the presidency.
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Early on, both Sens. Barack Obama and John McCain promised to limit their fundraising - but Obama reversed that pledge when he won his party's nomination.
Now he ranks as the greatest political fundraiser of all time: More than $603 million, compared to $358 million for McCain.
Obama's broken another record: he's gotten more money than anyone in history from unidentified donors - with names like "Doodad," who lists his employer as "Loving" and has given more than $17,000 dollars - way over federal limits.
Obama has said: "Ninety percent of our contributions are from small donors."
And lots of Obama donors don't have to be disclosed at all under federal law because they gave less than $200.
McCain's posted his small donor list online - an imperfect list that has some cities listed as "anonymous." But Obama hasn't given any details at all about whom his small donors are, drawing extra criticism after he raised a record-shattering $150 million last month alone.
"The fact that the Obama camp has not provided more information about who these small donors are really run counter to his 'transparency' message," said Sheila Krumholz of the Center for Responsive Politics.
And you might be surprised to hear who else besides those unnamed small donors is on the Obama team. Like McCain, Obama's corporate donor list looks like a Who's Who of the Wall Street collapse - except some have given more to Obama. Lots more.
"The Obama campaign has just vacuumed up the money in this cycle, specifically from Goldman Sachs, Obama has received over $740,000, as opposed to McCain's $220,000," Krumholz said.
Not to mention that the former head of Goldman Sachs, Robert Rubin, is Obama's chief economic advisor - and two current executives are bundling for him (David Heller and Bruce Heyman). "Bundlers" are mega-fundraisers who, critics say, get special access.
Another big Obama bundler is Citicorp's Michael Froman. Obama's even tapped him to help put together his new administration.
Obama has tripled McCain's haul from Lehman Brothers interests.
Citigroup, Morgan Stanley and JP Morgan Chase? More, more and lots more to Obama.
An Obama spokesman told us they've followed all federal rules, and gone above and beyond transparency requirements.See how the numbers match up and learn more about Obama and McCain's donors at Couric & Co.
The election is still undecided, but the money race... it's not even close.
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See how the numbers match up and learn more about Obama and McCain's donors at Couric & Co.



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See all 710 CommentsThis story reflects desperation, and shows the level this McCain campaign worker, hopefully a rogue, was willing to sink to in the final pre-election push!
On the Obama side, more than 3 million Americans from all walks of life have made campaign contributions to enable Obama/Biden to wage this campaign, and to beat the sleaze machine of McCain/Palin/Rove & Fox News. I am proud to be one of those contributors!
We want, and desperately need integrity back in our politics, and in our economy, we%u2019ve been digging deep into our pockets to help Obama achieve this goal!
In just 8 days we will have the great democratic privilege to put an end to this sickening era. The politics of ploys, stunts, slime, sleazy robocalls, and culture wars is on the ballot! The politics of Bush/Cheney, McCain/Palin, Karl Rove/Steve Schmidt, and Rupert Murdoch%u2019s Fox News, will be defeated!
Remember, citizens! We need a massive turnout of voters, and a landslide victory, because as we can see today, the Republicans are again trying to steal this election at the polling stations.
We will vote Obama/Biden into office in overwhelming numbers, and return honesty, decency, and integrity to American politics.
So give me on true thing with data on what he has done. Being a great speaker is not doing anything, he could be a good speach giver but is he ready for president. Then you Biden who has been in Washington what 30 some odd years. I see no change coming from him. And if you look at his record you will find he has been wrong on most things and then he has to walk around with his foot in his mouth all the time. Is this what we want. I see us going in
"We will vote Obama/Biden into office in overwhelming numbers, and return honesty, decency, and integrity to American politics."
Ye right.
It is not a complete story by any mea ns on how money is raised for campaigns. But there is no doubt that Obama''s campaign has set records by huge margins. At a hundred and fifty million in one month, there is going to be a list of mistakes. Just the paper work is mind boggling. So is a long list of mistakes, inaccuracies, and dnnonymous donors proof of anything?
That the law allows fund raising is perhaps an issue to be addressed. To follow the law is the whole idea.
McCain''s campaign has raised less. And they raise money under more complex legal issues perhaps in that,,,, thy are limited to the 84 million dollars of tax payer money they get for the election for President between their convention and November4th.
They can and have raised much more of course. But under the law, that money must be raised for the Republican National party which it in turn can spend on McCains election. However much if not all of THAT money must be spent WITHOUT consulting the McCain campaign as to how and where it is spent.
It is a set of systems which is greatly flawed. All candidate must use portions of those systems.
It is NOT accurate to say that one DOES use "public financing" and one does not. None do. All do.
Finally. - Bad sytem.
In the last debate he said he would be quite happy to pay higher tax so the poor people could get a break...or something to that effect.
On the other hand, America has but to look around themselves at the closed businesses, the foreclosed homes, the increasing numbers of homeless, the neighbor kid who is on his 4th tour in Iraq, the schools without textbooks, and on and on to KNOW the Republicans are bad news.
And McCain is first and foremost a Republican, primarily interested in protecting the ability of the elite few to accumulate ever more wealth at an ever faster clip.
After all, McCain IS ONE OF those elite few.
Of course, some people think that McCain''s $100 million or so is chump change - but McCain works for them and both he and they know it.
But do you?
Posted by wntrpls at 09:24 PM : Oct 27, 2008
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Thanks for the tip. I''ll vote early today so I won''t have to wait in line. And thanks to your tip, I''ll vote for Obama. President Obama sounds good to me.
Keep them guessing who the heck you are. They do it you and then spend your hard earned money on pork, junkets, war, and divide the nation on issues that we as citizens could probably solve ourselves in our communities.
$700 Million...$350 Million for a job that in 4 years barely pays a million dollars in salary over 4 years should be illegal. You should only be able to spend 10% of what the job pays on campaigning. Otherwise you obviously have a conflict of interest. Yep! All of you
Posted by taylor412ce at 09:40 PM : Oct 27, 2008
You mean, let rich people like Romney be the only ones who can afford to run?
Instead of directing their anger and hostility towards the disasterous presidency of their HERO, George W. Bush, who has proven to be anything but a Fiscal Conservative; Republican Right WINGNUTS chose to turn a blind eye to the failed polices, abuses of power, brazen arrogance, and total incompotence of the current administration. Instead, they try to use fear, intimidation, aggression, distortion, empty bluster and ought LIES to bully their way back into the seat of power. For what purpose???
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Posted by our_future
Blame the dipshit democrats who said there was no problem with Fannie Mae, namely polesmoker Barney Frank and Chris Dodd who said there is no problem.
President Bush, speaking on June 18, 2002, 10:30 A.M. EDT:
[bq]
We are here in Washington, D.C. to address problems. So I''ve set this goal for the country. We want 5.5 million more homeowners by 2010 -- million more minority homeowners by 2010. (Applause.)
[...]
And so I''ve asked Congress to fully fund an American Dream down payment fund which will help a low-income family to qualify to buy, to buy. (Applause.)
[...]
It is essential that we make it easier for people to buy a home, not harder.
[...]
Finally, we want to make sure the Section 8 homeownership program is fully implemented. This is a program that provides vouchers for first-time home buyers which they can use for down payments and/or mortgage payments. (Applause.)
[...]
And I''m proud to report that Fannie Mae has heard the call and, as I understand, it''s about $440 billion over a period of time. They''ve used their influence to create that much capital available for the type of home buyer we''re talking about here. It''s in their charter; it now needs to be implemented. Freddie Mac is interested in helping. I appreciate both of those agencies providing the underpinnings of good capital.
[eq]
Quit blaming it on Barney Frank and the Democrats.
This was a Republican scheme lead by Bush to conceal the negative impacts of Republican trade, tax, and economic policies by driving the economy with credit and housing.
Get used to this America, all his promises will prove to be empty.
Posted by thcarson at 09:59 PM : Oct 27, 2008
So what do you see the stock market doing in that crystal ball of yours?
Almost as frequently, you find out the only hobby they have besides accumulating wealth is dodging taxes.
www.colony14.net/id56.html
Here''s the nut of the problem. Too many Americans are so uneducated that the Far Right fear tactics actually WORK with them.
It''s LIBERTARIAN. The root is "LIBERTY". If Americans can''t even understand "Liberty", then we are doomed to year and years of the social underclass voting in the NeoCON Republican Party despite the fact that the NeoCON Republican party is all about making the rich and their friends richer while ensuring that the rest of America descends into slave labor for their corporations.
It''s LIBERTY. That''s LIBERTY. You know- the thing that Bush the Republican Party consider to be a nuisance in their pursuit of power. Yes- THAT "Liberty".
Quit blaming it on Barney Frank and the Democrats.
This was a Republican scheme lead by Bush to conceal the negative impacts of Republican trade, tax, and economic policies by driving the economy with credit and housing.
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Posted by ibsteve2u
Okay then, how about this:
In September 2003, Frank, then the ranking Democrat on the Republican-led Financial Services Committee, opposed Bush administration proposals for increasing oversight of Fannie Mae and Freddie Mac by creating an independent agency to supervise. The proposal would have moved oversight from Congress and the Department of Housing and Urban Development to the new agency. Frank stated in 2003, "The more people exaggerate these problems, the more pressure there is on these companies, the less we will see in terms of affordable housing." Frank stated that the bill would potentially "[weaken] the bargaining power of poorer families and their ability to get affordable housing".
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Posted by ibsteve2u
The same thing it always does and has done every decade since 1940.
http://www.colony14.net/id56.html
http://www.nolanchart.com/article3072.html
Posted by ibsteve2u
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Here''s a partial list for ya! the entire list runs over the CBS limit.
REPUBLICAN (NON) MILITARY SERVICE RECORDS
Dlck Cheney: did not serve
Dennis Hastert: did not
Tom Delay: did not serve
Roy Blunt: did not
Bill Frist: did not serve
Mitch McConnell: did not
Rick Santorum: did not serve
Trent Lott: did not
John Ashcroft: did not serve
Jeb Bush: did not
Karl Rove: did not serve
Saxby Chambliss: did not
Paul Wolfowitz: did not serve
Richard Perle: did not serve
Douglas Feith: did not
Eliot Abrams: did not serve
Richard Shelby: did not
Christopher Cox: did not serve
Newt Gingrich: did not
Ronald Reagan: , served in a non- combat role making movies.
Bob Dornan: Consciously enlisted after fighting was over in Korea.
Phil Gramm: did not serve
Dana Rohrabacher: did not
JC Watts: did not
Jack Kemp: did not serve. "Knee problem, " although continued in NFL for 8 years as quarterback.
Rudy Giuliani: did not serve
George Pataki: did not
Spencer Abraham: did not
Sean Hannity: did not serve
Rush Limbaugh: did not
Bill O''''Reilly: did not
Michael Savage: did not serve
Bill Bennett: did not serve
Pat Buchanan: did not
Bill Kristol: did not serve
Kenneth Starr: did not
Antonin Scalia: did not serve
Clarence Thomas: did not
Ralph Reed: did not serve
Michael Medved: did not serve
[bq]
We are here in Washington, D.C. to address problems. So I''''ve set this goal for the country. We want 5.5 million more homeowners by 2010 -- million more minority homeowners by 2010. (Applause.)
[...]
And so I''''ve asked Congress to fully fund an American Dream down payment fund which will help a low-income family to qualify to buy, to buy. (Applause.)
[...]
It is essential that we make it easier for people to buy a home, not harder.
[...]
Finally, we want to make sure the Section 8 homeownership program is fully implemented. This is a program that provides vouchers for first-time home buyers which they can use for down payments and/or mortgage payments. (Applause.)
[...]
And I''''m proud to report that Fannie Mae has heard the call and, as I understand, it''''s about $440 billion over a period of time. They''''ve used their influence to create that much capital available for the type of home buyer we''''re talking about here. It''''s in their charter; it now needs to be implemented. Freddie Mac is interested in helping. I appreciate both of those agencies providing the underpinnings of good capital.
[eq]
Quit blaming it on Barney Frank and the Democrats.
This was a Republican scheme lead by Bush to conceal the negative impacts of Republican trade, tax, and economic policies by driving the economy with credit and housing.
Here''''s the nut of the problem. Too many Americans are so uneducated that the Far Right fear tactics actually WORK with them.
It''''s LIBERTARIAN. The root is "LIBERTY". If Americans can''''t even understand "Liberty", then we are doomed to year and years of the social underclass voting in the NeoCON Republican Party despite the fact that the NeoCON Republican party is all about making the rich and their friends richer while ensuring that the rest of America descends into slave labor for their corporations.
It''''s LIBERTY. That''''s LIBERTY. You know- the thing that Bush the Republican Party consider to be a nuisance in their pursuit of power. Yes- THAT "Liberty".
--------------------------------------------------------------------------------
Posted by dburfears at 10:05 PM : Oct 27, 2008
Wow! You reprinted and spun that completely out of context! My comment was to switch parties on a frequent basis to prevent pundits, pollsters, and politicians from trying divide and conquer American voters in a two party system. Gee! You are truly blessed!
Posted by onarollagain at 10:13 PM : Oct 27, 2008
Speaking of being "upfront, truthful, and honest" -
Would you or would you not be more likely to vote for Obama if he had been as deeply involved in the "Keating Five" scandal as McCain?
Posted by Linda_rob at 10:07 PM : Oct 27, 2008
----------------------------------------
Hey!! Are you the crazy lady from the McCain rally??? You must be, or someone just as ignorant, because your post is ignorance personified. It''s people like you who scare me, NOT Barack Obama. You believe whatever you read on right wing smut sites, you believe everything Rush Limbaugh, Sean Hannity and Hugh Hewitt tell you, and don''t know your *** from a whole in the wall. Do yourself a favor. Stay home Nov 4th and don''t vote. Your vote won''t help McCain win, and when he loses in a humiliating landslide, you can say you had nothing to do with it and it wasn''t your fault.
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