The Reasoned Review

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Top Contributors to the Obama Campaign

with 5 comments

Opensecrets.org is an excellent resource to find out where our elected officials get their money. From their website:

University of California: $1,591,395
Goldman Sachs: $994,795
Harvard University: $854,747
Microsoft Corp: $833,617
Google Inc: $803,436
Citigroup Inc: $701,290
JPMorgan Chase & Co: $695,132
Time Warner: $590,084
Sidley Austin LLP: $588,598
Stanford University: $586,557
National Amusements Inc: $551,683
UBS AG: $543,219
Wilmerhale Llp: $542,618
Skadden, Arps et al: $530,839
IBM Corp $528,822
Columbia University $528,302
Morgan Stanley $514,881
General Electric $499,130
US Government $494,820
Latham & Watkins $493,835

Financial sector firms are in bold, while law firms are italicized.  All together, corporate donations comprise an overwhelming proportion of the money given to the “Obama for America” presidential campaign.

Now ask yourself why President Obama was so keen on bailing out the financial sector.

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Written by pavanvan

August 19, 2009 at 2:21 pm

5 Responses

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  1. Yeah, I get it. Political contributions buy influence… but AIG isn’t on the list and they got more TARP handouts than anyone. GM isn’t on there and they got billions.

    I know that every politician has baggage, but do you really think he was knowingly acting against America’s best interest just to pay off his campaign financiers?

    Pat

    August 19, 2009 at 2:54 pm

    • As you probably know, the AIG bailout went almost entirely to pay off their debt to Goldman Sachs, so it was essentially a bailout to Goldman Sachs.

      As for GM, the Obama administration has pledged only a small fraction of their commitment to the financial industry to helping GM out. Why? You tell me.

      pavanvan

      August 19, 2009 at 2:56 pm

  2. i guess what goes without saying is that even though 54% of the donations to obama were less than $200, some debts are seen as more important to pay back than others.

    when you wrote this: “Taken together, they comprise an overwhelming proportion of donations given to the “Obama for America” presidential campaign.”
    – did you mean that only the contributions listed above, taken together, “comprise an overwhelming proportion…” or do you mean big money from profit making firms in general, not just that listed above, because it says that he got around $700 million in campaign contributions… what’s listed above is maybe 20 mil. not an overwhelming proportion there.

    Aditya

    August 19, 2009 at 5:25 pm

  3. for some historical background on the link between money and public policy influence, this book is worth reading, i hope to read it soon http://www.press.uchicago.edu/presssite/metadata.epl?mode=synopsis&bookkey=48582

    Aditya

    August 19, 2009 at 5:27 pm

    • I guess I should have made that more clear – I was referring to donations from large firms in general.

      pavanvan

      August 19, 2009 at 5:38 pm


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