Forums / Political & Legal / Obama Breaks Pledge on Inauguration Donations

5 years 49 weeks ago, 5:37 PM

samD

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WSJ: Obama Breaks Pledge on Inauguration Donations

Friday, January 9, 2009 12:14 PM

By: Jim Meyers

A full 90 percent of donations to fund Barack Obama’s Jan. 20 inauguration have come from well-heeled fundraisers — including Wall Street executives whose companies have received federal bailout money.

A total of 207 fundraisers have collected $24.8 million of the $27.3 million in donations disclosed by Obama through Thursday, according to an analysis by Public Citizen commissioned by The Wall Street Journal.

Slightly more than 2,000 donors accounted for the $27.3 million raised, but 378 of those people each contributed the maximum $50,000 allowed by Obama, raising almost 70 percent of the total, or $18.9 million, the analysis found.

Wall Street employees have been the largest single source of private donations, and many of the contributions have been channeled through financial-services executives who have put together bundles of donations worth hundreds of thousands of dollars.

“The preponderance of large donors and the fact that so many come from an industry receiving government handouts comes as the president-elect has sought to keep his inauguration free of special interests,” The Journal observed.

Bundlers from the financial sector include executives from Citigroup Inc. and Goldman Sachs Group Inc., two firms that have accepted billions of dollars each in bailout money from the federal government.

Obama’s presidential campaign smashed all previous fundraising records, raking in more than an astounding $650 million from some 3 million donors.

© 2009 Newsmax. All rights reserved.

5 years 49 weeks ago, 6:31 PM

FreedomMilitaria

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Donations

Maybe this is a start on his new miracle way to establish the 3 million jobs he has been promising. Trying to stimulate the economy by blowing $27.3 million.
My guess is that he is as crooked as the rest of his Ill. party. We have already seen how his office covers his tracks.

If you do not stand behind our troops...please stand in front of them....
5 years 49 weeks ago, 8:07 PM

tdh

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Freedom

When Guns are outlawed, Only Outlaws will have one

5 years 49 weeks ago, 8:11 PM

FreedomMilitaria

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thats for sure

and i will be one of them because i will never turn them over.

If you do not stand behind our troops...please stand in front of them....
5 years 49 weeks ago, 8:20 PM

tdh

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Guns with inteligence

I think Larry (Cable Guy) said it best....If Guns Kill People, then i can blame misspelled words on my pencil

5 years 49 weeks ago, 10:20 PM

Pkato

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Hey isn't this exactly

what the complaints have been about, ha! What does banning guns, becoming criminals have to do with the inauguration? My comment is simple...it's amazing how there is always money for stuff like this, even in bad economic times...it makes one wonder.

Patrolman Kato
Firearms stand next in importance to the Constitution itself.
They are the American people's liberty teeth and keystone
under independence. -- George Washington
5 years 48 weeks ago, 6:04 AM

Shake N Bake

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For all the remolding they will do to the white house, never understood that, I move into government QTRs and if I paint a wall I pay for it and when I clear post I have to pay to have it painted back to the original color, but ever time we change a president they spend big money redoing the white house.

Some families have long histories of tending to the tree of liberty, others have a long history of living in its shade.

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