Obama: Largest Wall Street Money Recipient, Hands Out Jobs to Contributors

There are two sources for today’s story, one is a devastating piece from the normally Obama friendly Washington Post, the other is from an Iowa PAC called the American Future Fund. President Obama was the largest recipient of Wall Street cash of any presidential candidate in 20 years. While Obama was a Senator he took more money from Freddie Mac and Fannie Mae than anyone in the Senate with the exception of who many call the architect of the financial collapse Christopher Dodd.

Washington Post:

The Influence Industry: Obama gives administration jobs to some big fundraisers

Big donors considering whether to work the phones raising money for President Obama’s reelection campaign might consider the fate of his 2008 bundlers. Many of them, it turns out, won plum jobs in his administration.

Obama campaigned on what he called “the most sweeping ethics reform in history” and has frequently criticized the role of money in politics. That hasn’t stopped him from offering government jobs to some of his biggest bundlers, volunteer fundraisers who gather political contributions from other rich donors.

More than half of Obama’s 47 biggest fundraisers, those who collected at least $500,000 for his campaign, have been given administration jobs. Nine more have been appointed to presidential boards and committees.

At least 24 Obama bundlers were given posts as foreign ambassadors, including in Finland, Australia, Portugal and Luxembourg. Among them is Don Beyer, a former Virginia lieutenant governor who serves as ambassador to Switzerland and Liechtenstein.

The list goes on HERE.

 

Related:

Top 20 Industry Money Recipients This Election Cycle – Who is in the back pocket of Wall Street? – LINK.

Top All-Time Donors, 1989-2012 – Hint: Most goes to Democrats – LINK.

Wall St. Made More Money In 2.5 Years Of Obama Than 8 Years Of Bush – LINK.

Corruption You Can Believe In: Failed Sub Primes and Mortgage Fraud Lenders Funneled Money to Dodd & Obama the Most. Fannie & Freddie Gave $200 Million to Partisans-Most Went to Democrats! Dodd, Obama Among Top Recipients. Republicans Attempted to Pass Reforms-Blocked by Democrat Leadership! – LINK.

Hypocrite! Elizabeth Warren Takes Wall Street Cash! – LINK.

Corruption: Most Stimulus Funds Spent in Democrat Districts – LINK.

The taxes Democrats propose to “soak the rich” always seem to miss those who they demagogue for not paying their fair share. They have been “soaking the rich” for decades and keep missing the target. Why? – LINK.

About Chuck Norton

I write about politics, education, economics, morality and philosophy.
This entry was posted in 2012 Primary, Budget, Econ, Obama, Pay to Play, True Talking Points and tagged , , , . Bookmark the permalink.

1 Response to Obama: Largest Wall Street Money Recipient, Hands Out Jobs to Contributors

  1. Chuck Norton says:

    Obamanomics: The president has been decrying the growing gap between rich and poor in the U.S. to help sell his retread tax-and-spend proposals. But those policies have already produced record levels of income inequality.

    http://news.investors.com/ibd-editorials/073013-665705-income-gap-grew-sharply-under-obama.htm

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