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Thread: Obama's REAL source of campaign funds ...

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    Banned Melonie's Avatar
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    Default Obama's REAL source of campaign funds ...

    (snip)"But records show that a third of his [Barack Obama's - sic] record-breaking haul has come from donations of $1,000 or more - a total of $112 million, more than the total of contributions in that category taken in by either Senator John McCain, his Republican rival, or Senator Hillary Rodham Clinton, his opponent in the Democratic primaries.

    Behind those large donations is a phalanx of more than 500 Obama "bundlers," fund-raisers who have each collected contributions totaling $50,000 or more. Many of the bundlers come from industries with critical interests in Washington. Nearly three dozen of the bundlers have raised more than $500,000, including more than a half-dozen who have passed the $1 million mark and one or two who have exceeded $2 million, according to interviews with fund-raisers.

    While his campaign has cited its volume of small donations as a rationale for his decision to opt out of public financing for the general election, Obama has worked to build a network of big-dollar supporters from the time he began contemplating a run for the U.S. Senate.

    He tapped into well-connected people in Chicago before the 2004 Senate race, and, once elected, set out across the country starting in 2005 to cultivate some of his party's most influential money collectors.

    He courted them with the savvy of a veteran politician, through phone calls, meals and one-on-one meetings; he wrote thank-you cards and remembered birthdays; he sent them autographed copies of his book and doted on their children.

    The fruit of his efforts has put Obama's major donors on a pace that almost rivals the $147 million that President George W. Bush's Pioneer and Ranger network raised in $1,000-and-larger contributions in 2004 during the primary season.

    Given his decision not to accept public financing, Obama is counting on his bundlers to help him raise $300 million for his campaign for the general election and another $180 million for the Democratic National Committee.

    An analysis of campaign finance records shows that about two-thirds of his bundlers are concentrated in four major industries: law, securities and investments, real estate and entertainment. Lawyers make up the largest group at about 130, with many working for firms that also have lobbying arms. At least 100 Obama bundlers are top executives or brokers from investment businesses - nearly two dozen work for financial titans like Lehman Brothers, Goldman Sachs and Citigroup. About 40 others come from the real-estate industry.

    The biggest fund-raisers include people like Julius Genachowski, a former senior official at the Federal Communications Commission and a technology executive who is new to big-time political fund-raising; Robert Wolf, president and chief operating officer of UBS Investment Bank; James Torrey, a New York hedge fund investor; and Charles Rivkin, an animation studio head in Los Angeles."(snip)

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    God/dess Paris's Avatar
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    Default Re: Obama's REAL source of campaign funds ...

    I'd be one of those real estate industry contributors! Whoo-Hoo! I'm famous! I'm also a member of a "special interest group". That would be the Home Builders Association.


    Promote yourself and earn more money! This is a business that is owned by strippers for strippers. Let's make that money!


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    Default Re: Obama's REAL source of campaign funds ...

    I don't know why this is news Mel.....I mean honestly, Liberal/Conservative, Republican/Demorcrat, its all the same.......

    find me a politician that doesn't pan-handle to special-interests, and I'll show you a politician not getting elected....

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    God/dess Elvia's Avatar
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    Default Re: Obama's REAL source of campaign funds ...

    ^^^^ Exactly.

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    Default Re: Obama's REAL source of campaign funds ...

    Quote Originally Posted by G-Real View Post
    I don't know why this is news Mel.....I mean honestly, Liberal/Conservative, Republican/Demorcrat, its all the same.......

    find me a politician that doesn't pan-handle to special-interests, and I'll show you a politician not getting elected....
    Perhaps, but this does carry some weight considering how Obama has touted his 'grass roots' fundraising with no money from the special-interests... Not all of us realize that he's full of shit.

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    Jay Zeno
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    Default Re: Obama's REAL source of campaign funds ...

    This is going to be another loooong election season.

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    Default Re: Obama's REAL source of campaign funds ...

    Quote Originally Posted by jester214 View Post
    Perhaps, but this does carry some weight considering how Obama has touted his 'grass roots' fundraising with no money from the special-interests... Not all of us realize that he's full of shit.
    So i guess you like to know who is screwing you in the ass, then not knowing......

    you know, get the introductions out of the way.....

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    Default Re: Obama's REAL source of campaign funds ...

    but this does carry some weight considering how Obama has touted his 'grass roots' fundraising with no money from the special-interests...
    especially so when the US congress / fed is handing out hundreds of billions of dollars worth of US taxpayer backed 'bailout money' to save the asses of who ... the real estate industry and the mortgage / investment banking industry ... which incidentally creates a ton of new work for who ... attorneys !

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