In Other News, Gravity Still Pulls People Downwards


The Electoral College has yet to convene to officially elect Barack Obama as the next president of the United States, and the myths surrounding his campaign are already falling.  Aside from a wonderful opportunity to say “I told you so” to the liberals in our lives, this will provide wonderful fodder for the next four years.   (“Hope and change:” the new “I did not have sexual relations with that woman.”) The latest: the Campaign Finance Institute analysed the donations to the Obama campaign and found that the unprecedented amount of cash was not given by small Americans who were inspired by Obama’s greatness.  (Hat tip: TigerHawk.) A separate study found that perpetual motion machines do not actually work as advertised.

The reality: 26% of Obama’s $640 million (roughly $150 million) came from donors who gave $200 or less.  (Approximately 25% of George Bush’s donations came from small donors.)  The remaining $450 million – more than George Bush, John Kerry, and John McCain raised – came from people who gave more than $200.   Another 27% of Obama’s donations came from people who gave between $200 and $1,000 (here); this still leaves about than $300 million from large, wealthy donors – which is roughly what McCain raised from all sources combined, including $84 million for public financing.

The Obama campaign was required to keep track of each and every donation, and report the name of any person whose total donations exceeded $200.  Given that the campaign disabled the security features on its web site, which enabled people to give under fictitious names and with personal information that did not correspond to the credit card which was used, we can’t even be sure that all of those people actually were under the $200 limit.

Perhaps the news that the Obama campaign was not funded by small donors who gave their hard-earned money (during one of the worst economies in decades), but rather by big money, will prompt the FEC to reconsider its decision to not investigate Obama.  (After all, some of the FEC’s rationale – aside from the admission that the audit would be embarrasing to a sitting President – was that the huge number of donors lessened any benefit of fraud.)

Obviously, Obama will enter office with a tremendous debt to pay off – not monetary, but political.  Ideally, the American public would have known about this before the election, when it was actually possible to not vote the #2 all-time recipient of funds from Fannie Mae and Freddie Mac, for example, into office, at a time when the fall of FM/FM created one of the worst financial disasters in history.  We will find out (the hard way) who paid for Obama’s presidency and what he owes them.  Unions and their PACs? Overseas moneyLobbyists?  (More lobbyists?)

Naturally, the Obama-pologists are out in full force.  Among the criticisms of CFI’s study: the figure for “small” donations was an arbitrary $200 (which ignores the fact that this is the threshold for reporting, and also a sensible one, in that many Americans have an extra $100 or so lying around, but not an extra thousand dollars); the Obama campaign was longer (as if that somehow changes what big donors believe they are owed); and, of course, the ceaseless comparisons on a percentage basis, which ignores the fact that Obama raised a frightening amount of money from big-time donors, who will come equipped with their own demands upon our new president.

(Thanks to the super-fabulous Queen of Swords for the title.)

6 Responses

  1. And he started it all with a lie. Or was it a doublecross?
    Welcome bromo. :smile:

  2. well, you know a scandal involving the new preznit elect would ruin sales of the commemorative plates
    Welcome bromo

  3. Hey, bromo!

    Good article.

  4. Thank you. :) I’m very happy that y’all are letting me blog here. :)

    Robert D.: I think it was both (if you’re referring O’s promise to take public financing if John McCain would). Sadly, no one ever called him out on it.

    Nuke: yeah, those too. Don’t forget that Gwen Ifill – that unbiased moderator of the VP debate – has a book coming out on Inauguration Day.

    Swampie: hey to you, too. :) Thank you.

  5. Yep, that’s it. I don’t know what the next upgrade for teflon is, but he’s surpassed Clinton in the teflon area. Well, actually it can’t stick if it’s not even thrown.

  6. Lot’s of info, Theo.
    You certainly put some time into your post.
    Good job.

    As for B-HO, considering how many promises he has already broken, and he hasn’t even been officially elected, one must stand in stunned amazement, how little outrage is being heard from those who thought they bought him. Now, for those who did buy him, such as Soros, his appointments are on the same payroll. Where B-HO will show his true center, his default settings, is when legislation from the Reid/Pelosi Congress starts showing up on his desk, and he gets out Ye Olde Rubber Stampe.

Comments are closed.

SACPROS - Leading Mental Health Resource Directory for the Greater Sacramento Region

sacpros.org is devoted to breaking down the barriers which prevent access to mental health services by providing easy access to available services in the community

PICZLoad pics a la carte

Watchout Loud and Have PICBliss!

chandleur

Bagatelle

Humanity777's Blog

The Church of Christ

The Stranger Canvas

Live. Love. Dream. Explore

Real Science

"Science is the belief in the ignorance of the experts" - Richard Feynman

Reclaim Our Republic

Knowledge Is Power

The View From My Recliner

Part of the "Our Personal Journey Family" ---- Man's view as the world passes him by

The English Major's Blog

A blog for Sheila van den Heuvel-Collins, writer and tutor

A Narcissist Writes Letters, To Himself

A Hopefully Formerly Depressed Human Vows To Practice Self-Approval

inbloguous

Warning: This blog may cause acute insomnia, eye fatigue, and a permanent loss of sense of humor. Read at your own risk.

Arlin Report

Telling You What The News Won't.

Ramona Crisstea

I dream of painting and then I paint my dream

1111broadcasting

Jump Right In with Splash

Karma's little spanker

Reality ... @#$%ing your brain...since...forever :)

Cute or Funny Videos

A daily dose of Cute or Funny Videos that make people smile - Just for you! Get your daily fix of smiles and laughs watching the best pranks on the net, cute or funny videos of cats, dogs, puppies, kittens, babies, pranks and more from around the web.

Follow

Get every new post delivered to your Inbox.

Join 427 other followers

%d bloggers like this: