iWatch News report: Obama's top donors got gov't jobs

Chip Reid reports on President Obama's trip to North Carolina to address the high unemployment rate. Council of Economic Advisers chairman Austan Goolsbee speaks to Chris Wragge about the upcoming meeting with Mr. Obama.

According to a new investigation by iWatch News, almost 200 of Obama's top donors have received jobs in the administration, federal contracts for their businesses or invitations to "elite" White House meetings and social events.

The report says the fundraisers who have been rewarded "raised at least $50,000 and sometimes more than $500,000 in campaign donations for Obama's campaign" and are now being asked to raise money the president's reelection campaign.

Like many candidates, President Obama depended on large donations to win the 2008 election. But as the iWatch news report notes, Obama frequently campaigned on a promise to abolish the practice of rewarding special interests in exchange for cash.

When he kicked off his campaign February 10, 2007, Obama slammed "the cynics, the lobbyists, the special interests," who had "turned our government into a game only they can afford to play."