Posts Tagged ‘donation’

Wynton Hall

Obama Fundraising Video: Billion Dollar Campaign? ‘Bullsh*t!…We Fund This Campaign in Contributions of $3 or $5

by Wynton Hall

President Barack Obama’s campaign manager Jim Messina sent out an official reelection campaign video wherein he said talk of Mr. Obama having a billion dollar campaign war chest is “bullsh*t” because “we don’t take PAC money unlike our opponents. We fund this campaign in contributions of $3 or $5 or whatever you can do to help us.


Mr. Messina’s plea for Obama supporters to chip in “$3 or $5″ leaves the impression of a presidential campaign divorced from big money donors. Furthermore, the claim that Mr. Obama will not accept PAC money leaves the impression that his fundraising efforts are removed from the influence of lobbyists or Wall Street. Nothing could be further from the truth.

From the New York Times:

Despite a pledge not to take money from lobbyists, President Obama has relied on prominent supporters who are active in the lobbying industry to raise millions of dollars for his re-election bid.At least 15 of Mr. Obama’s “bundlers” — supporters who contribute their own money to his campaign and solicit it from others — are involved in lobbying for Washington consulting shops or private companies. They have raised more than $5 million so far for the campaign.

Because the bundlers are not registered as lobbyists with the Senate, the Obama campaign has managed to avoid running afoul of its self-imposed ban on taking money from lobbyists.

(more…)

Wynton Hall

MF Global Chief Who Oversaw Missing $1.2 Billion Also Top EPA Financial Adviser

by Wynton Hall

The same man who oversaw MF Global’s $1.2 billion in missing funds, Bradley I. Abelow, is also currently listed on the Environmental Protection Agency’s website as the current chairman of the EPA’s Financial Advisory Board.

From the Washington Times:

During two days of recent congressional hearings into how as much as $1.2 billion disappeared from MF Global customer accounts, the chief operating officer of the imploding investment firm responded again and again that he did not know.

Yet as the House and Senate interrogated Bradley I. Abelow and other top executives at MF Global Holdings Ltd., lawmakers did not mention Mr. Abelow’s role as a financial adviser for the Environmental Protection Agency, which as of Tuesday listed him as the chairman of its financial advisory board.

Even as he finds himself the public face of a bankruptcy and admitted to lawmakers that he had no idea how client funds disappeared, Congress and the administration have voiced no public concern about Mr. Abelow’s role advising the $8.6 billion government agency on its finances.

Mr. Abelow also served as former New Jersey Governor Jon Corzine’s chief of staff before Mr. Corzine went on to become MF Global’s CEO.  Interestingly, current EPA Administrator Lisa Smith also previously served as then-Gov. Corzine’s chief of staff.  Whether the Corzine connection played any role in Mr. Abelow’s appointment to the chairmanship of the EPA’s Financial Advisory Board is as yet unclear.

(more…)

Publius

Cracks Appear in Obama’s Chicago Base

by Publius

From Crain’s Chicago Business:


President Barack Obama’s Chicago-based re-election campaign has a hometown problem: the donors and volunteers who have lost interest after launching his run for the White House four years ago.

The glow of the epochal election of the nation’s first African-American president has faded amid a dramatic fall in the president’s popularity, a persistently lousy economy and an administration that has been less transformative than promised.

And among Jewish contributors, a bulwark of his local donor base, some have been turned off by Mr. Obama’s call for Israel to give up part of its territory.

(more…)

Dan  Riehl

KY Gov Steve Beshear Caught Up In Alleged Strong-Arm Fundraising Scandal

by Dan Riehl

That 20%, or approximately $400,000 of KY Gov Steve Beshear’s current primary dollars comes from state employees and appointees doesn’t help as whistle-blowers have come forward to allege strong-arm tactics were used to solicit campaign dollars on his behalf.

FRANKFORT—The Republican Party of Kentucky and an employee of the Justice and Public Safety Cabinet are alleging Gov. Steve Beshear’s administration strong-armed some state employees for contributions to Beshear’s re-election campaign.

Dr. Rodney Young, a 27-year state employee who works for the Department of Juvenile Justice, delivered a signed letter Monday to RPK Chairman Steve Robertson claiming the Cabinet’s Deputy Secretary, Charles Geveden, pressured him and other state employees for contributions to Beshear’s re-election campaign. The letter was also delivered to Attorney General Jack Conway’s office and Robertson filed complaints with the Executive Branch Ethics Commission and the Kentucky Registry of Election Finance.

The complaints cite a December 2010 CNHI News Service story about similar complaints by non-merit — or politically appointed — state employees that they felt pressured to attend a Frankfort fundraiser for Beshear shortly before Christmas. A spokesman for Beshear’s campaign told CNHI News at that time no state employees should feel any pressure to contribute to Beshear’s campaign which “strictly follows all campaign laws.”

There have been similar previous reports involving Beshear, one going back as far as December 2010.  This time, however, there is a whistle-blower involved, one who has named other individuals who reportedly suffered the same strong-arm tactics in a quest for campaign cash.

(more…)