By Cullen Dirner

May 1, 2010 6:01am

Obama Calls for Support of Campaign Finance Reform Bill, Post Citizens-United Ruling

ABC News' Sunlen Miller reports: President Obama uses his weekly address to again blast the Citizens United Supreme Court ruling, and join in the efforts by Hill Democrats to call for campaign finance reform legislation to prevent special interests from “gaining even more clout” in Washington. “We know how important this is,” Obama says in his weekly address, “We’ve all seen groups with benign-seeming names sponsoring television commercials that make accusations and assertions designed to influence the public debate and sway voters’ minds.  Now, of course every organization has every right in this country to make their voices heard.  But the American people also have the right to know when some group like “Citizens for a Better Future” is actually funded entirely by “Corporations for Weaker Oversight.” In January President Obama took the apparently unprecedented step of assailing the Supreme Court decision in his State of the Union speech saying “with all due deference to separation of powers, last week the Supreme Court reversed a century of law to open the floodgates for special interests – including foreign corporations – to spend without limit in our elections. Well I don't think American elections should be bankrolled by America's most powerful interests, or worse, by foreign entities. They should be decided by the American people, and that's why I'd urge Democrats and Republicans to pass a bill that corrects some of these problems." In his weekly address this week, the president briefly outlined what the proposed bill on the Hill this week- which lacks Republican sponsors- would aim to do. “Shadowy campaign committees would have to reveal who’s funding their activities to the American people.  And when corporations and other special interests take to the airwaves, whoever is running and funding the ad would have to appear in the advertisement and claim responsibility for it – like a company’s CEO or an organization’s biggest contributor.  This will mean citizens can evaluate the claims in these ads with information about an organization’s real motives.” In addition, Mr. Obama said, the bill would also address what he called, another “troubling aspect” of the Citizens United case. “Under the bill Congress will consider, we’ll make sure that foreign corporations and foreign nationals are restricted from spending money to influence American elections, just as they were in the past – even through U.S. subsidiaries.  And we’d keep large contractors that receive taxpayer funds from interfering in our elections as well, to avoid the appearance of corruption and the possible misuse of tax dollars. ” The president predicts that these proposed changes will be met with “heavy resistance” from special interests and some in Congress. “But I’m calling on leaders in both parties to resist these pressures.  For what we are facing is no less than a potential corporate takeover of our elections.  And what is at stake is no less than the integrity of our democracy.” -Sunlen Miller

User Comments

We need a strong campaign finance reform bill a.s.a.p.
The day after the Supreme Court decision folks from both parties were dismayed at its ramifications. Even in my small town everyone agreed that the ruling was wrong, would open up our elections to more influence by big companies and scarier still, foreign entities.
The false premise that the Court used, viewing a corporation as deserving an individual’s rights is illogical. Each individual that owns the corporation has those rights. The corporation is not an individual, they can’t be drafted, or vote, for example.
Democracy is in danger as never before. Congress needs to pass a strong bill to counter this obviously wrong Supreme Court decision. When Republicans and Democrats in my town and across the country agree on anything, as they do on that Court ruling being bad for our democracy, Congress needs to listen and act.

Posted by: Lydia | May 1, 2010, 6:50 am 6:50 am

Oh, oh, National Enquirer saying there
is a breach in the Obama marriage. I would
write this off as a rag running with a
rumor, but since they became credible with
the Edwards mess, they have to be given
some leeway in reporting this. Lets see
if the mainstream press touches this. The
measure always is “what if this was
George Bush or Cheney????

Posted by: wis134 | May 1, 2010, 6:59 am 6:59 am

If only you were educated enough to know howuch money the dem party funnels through thousands of diff groups for propaganda, as well as the huge financing from UNIONS you might see the irony in this bill with enough loopholes for the progressives to continue their own brand of campaign Chicago politics.

Posted by: Dawn | May 1, 2010, 8:24 am 8:24 am

Obama is right in wanting this legislation passed ASAP. Dawn- The money problem exists in both parties and is not particular to one. I think we should ban ALL paid TV and radio advertising from both parties and those pesky phone calls we get from the special interest groups. Let the candidates appear on interview shows, in town hall meetings, etc. Just NO PAID ADVERTISING. I think that would solve a big part of the problem.

Posted by: Joyfullyyours | May 1, 2010, 8:36 am 8:36 am

“We’ve all seen groups with benign-seeming names sponsoring television commercials that make accusations and assertions designed to influence the public debate and sway voters’ minds.

I can name 4 such groups, no problem: ABC, CBS, NBC, CNN. They call it “news” and push it or hold it whenever they want as they see fit. Michael Moore and Al Gore turn pure sensationalism into a “documentary” and time it’s release with a straight face. And the news media promotes it like it’s the end of the world. Oddly, when those “docunemtaries” have been revealed for the trash they are it never makes the “news”.
Campaign finance is tricky.

Posted by: smartlillena | May 1, 2010, 9:18 am 9:18 am

In order to have a chance any proposed law would need to be written in public and agreed to by a majority of both parties. Since what the President is proposing fails on both of these requirements it is suspect.

Posted by: tillyerkt | May 1, 2010, 10:25 am 10:25 am

ohhh what is going on Mr Obama ?? His election had a lot of “shadowy” money for his campaing too.Afraid that others will pour more money and beat him on his own game?? ABC please stop catering for this failure for President.. we know better and November is not far away..hammer time !!

Posted by: Frank | May 1, 2010, 10:35 am 10:35 am

FOX NEWS IS THE ONLY ONE REPORTING WHAT IS REALLY GOING ON IN OUR GOVERNMENT. PEOPLE YOU HAVE GOT TO LISTEN. ALREADY THIS WEEK TWO THINGS THAT GLENN BECK SAID WAS HAPPENING, HAS HAPPENED, YET EVERYONE STILL CALLS HIM A DUMMY – BETTER CHECK AGAIN BECAUSE IF YOU ARE NOT LISTENING TO HIM AND THE OTHER REPORTERS ON FOX – YOUR THE DUMMY

Posted by: brendadav | May 1, 2010, 10:38 am 10:38 am

“shadowy” money

It always shows up somewhere. The pol who recieves it generally donates it to some left-wing charity. Not obama. He spent Goldman-Sachs money and still wants to ban such monies. And dump all over Goldman-Sachs.
That has to be called integrity somewhere. Somewhere.

Posted by: smartlillena | May 1, 2010, 10:44 am 10:44 am

We definitely need campaign reform where the result is “one person, one voice”. This is what the Founding Fathers intended, along with “one person, one vote” although both concepts have been falacies for decades. But Obama better get reform for BOTH parties! I can see this Hypocrite harshly punishing acts that benefit Republicans while allowing those same acts that benefit Democrats. No wonder that “Politician” has become an obsenity.

Posted by: Terrence O'Day | May 1, 2010, 10:56 am 10:56 am

THIS from the man who was the FIRST CANDIDATE in 40 years to refuse public camapign finance —— June 19, 2008 WASHINGTON – Democratic presidential candidate Barack Obama said Thursday he’ll bypass the federal public financing system in the general election, abandoning an earlier commitment to take the money if his Republican rival did as well. Obama, who set records raising money in the primary election, will forgo more than $84 million that would have been available to him in the general election. He would be the FIRST CANDIDATE to do so since Congress passed 1970s post-Watergate campaign finance laws.

Posted by: TheLoyalOpposition | May 1, 2010, 11:05 am 11:05 am

“If I am the Democratic nominee, I will aggressively pursue an agreement with the Republican nominee to preserve a publicly financed general election.” –Barack Obama, answer to Midwest Democracy Network questionnaire, September 2007.
We all know the above statement turned out to be a lie. Mr. Obama went on to raise nearly $1 billion; most of it from his friends on Wall Street and in Saudi palaces. Now, Mr. Obama wants everyone to believe him when he says he supports finance campaign reform. Give me a break!

Posted by: SelmaAla | May 1, 2010, 11:15 am 11:15 am

Let’s just make it simple. NO CORPORATE DONATIONS WHATSOEVER. And this includes corporate donations that are funnelled through these shadowy groups or made to look like “employee contributions”. Get rid of all these lobbyiest who have for some time now hijacked our government. And enact term limits. The highest office in the land has term limits, should all those other wannabees elected officials. They spend billions on lobbyiest to stuff their these politician’s pockets and screw the American people who eventually are the ones that pay the price for what they get, from Wall Street, banks, and corporations to abolishing safety standards. They are the true enemies of America. NO MORE STUFFING OF POLITICIAN’S POCKETS BY CORPORATIONS. If our Senators and Representatives don’t want it, vote them the hell out since they are clearly only interested in themselves, not your or me. We elected them not the damn special interest lowlifes.

Posted by: jake | May 1, 2010, 11:21 am 11:21 am

Obama’s cabinet is full of lobbyist… What the hell is he trying to cover up with this law.

Posted by: CBA | May 1, 2010, 11:26 am 11:26 am

Obama’s cabinet is full of lobbyist… What the hell is he trying to cover up with this law.
Posted by: CBA | May 1, 2010 11:26:10 AM
_______________________________________
Nonsense.

Posted by: tierra | May 1, 2010, 12:08 pm 12:08 pm

“Shadowy campaign committees would have to reveal who’s funding their activities to the American people. And when corporations and other special interests take to the airwaves, whoever is running and funding the ad would have to appear in the advertisement and claim responsibility for it – like a company’s CEO or an organization’s biggest contributor. This will mean citizens can evaluate the claims in these ads with information about an organization’s real motives.”
_____________________________________
Oh those evil Democrats!

Posted by: tierra | May 1, 2010, 12:08 pm 12:08 pm

Mr. Obama went on to raise nearly $1 billion; most of it from his friends on Wall Street and in Saudi palaces.
_______________________________________
Why is it the Republican right has to tell lie after lie after lie? Is there no interest in decency anymore?

Posted by: tierra | May 1, 2010, 12:11 pm 12:11 pm

Reason why Republicans have to tell lies is because they never told a truth, don’t know what it is. And because they know that telling lies puts millions into their pockets from special interest, the rich, banks, Wall Street, and corporations. It’s no wonder they oppose campaign reform or reforming Wall Street. Your two dollar donation to them is used to buy toilet paper for their campaign offices with. They are not interested in you, your two bucks, or that you even exist. Only time they want you to believe you exist is at election time. After that it’s…Who? You are nothing but the means to their end, getting elected. A tool some would say, yes, a tool.

Posted by: jake | May 1, 2010, 12:50 pm 12:50 pm

lets just pay for a train ride around the country and allow the candidates to talk their talk and then one tv appearance each and be done with it no donations of any kind then lets see who gets elected

Posted by: John | May 1, 2010, 1:07 pm 1:07 pm

Reference: Posted by: tierra | May 1, 2010 12:11:42 PM: “Why is it the Republican right has to tell lie after lie after lie? Is there no interest in decency anymore?”
Tierra, why do I have to be a republican, democrat, independent or affiliated with any political party to speak truth? And, why do I have to be part of the political “right” in order to be “Right”?
According to Bloomberg Business Week,
Friday April 30, 2010:
“Wall Street provided three of Obama’s seven biggest sources of contributors for his [Obama's] presidential bid. In 2007 and 2008, Goldman Sachs employees and family members gave him $994,795, Citigroup Inc. $701,290, and JPMorgan Chase & Co. $695,132.” By the way, Citygroup donated $600,000.
Mr. Obama, boasted, when among “regular” folks, about how he was relying primarily on his $25.00 donors. But, truth be told, most insightful people knew that was a sham.
Tierra, please, I beg you, don’t drink anybody’s Koolaid! We all know what happened down in Jonestown when folks blindly followed without questioning.

Posted by: SelmaAla | May 1, 2010, 1:10 pm 1:10 pm

It interesting how it is only a one-sided argument with Obama considering his dubious associations and connections to the organizations of equally shadowy nature.

Posted by: Jon | May 1, 2010, 1:26 pm 1:26 pm

Since John McCain received $230,095 from Goldman Sachs, it’s a good thing he didn’t get elected.

Posted by: rich | May 1, 2010, 1:34 pm 1:34 pm

What this country needed was campaign reform BEFORE the 2008 Presidential elections, not after. This move by Obama is another ‘small move’ to bolster and solidify his hold on the White House; nothing more, nothing less.

Posted by: Banderman | May 1, 2010, 1:39 pm 1:39 pm

tierra,jake..Obama had the most money from those rich people, Wall Street, Goldman Sachs, SEIU and alike. Check your facts. Stop living in total blindness believing the lies your Fuhrer is putting out.He filled his pockets out the same people he is demonizing now.Try Jack Daniels, its american and not euro trash Koolaid. It will do you good.. :-)

Posted by: Frank | May 1, 2010, 1:43 pm 1:43 pm

While we learn today that the President tells University of Michigan grads that he is troubled by those making the case that government is bad, he is forgetting the very tactic that he campaigned with: “that government is bad.”
Obama either has a very short memory, suffers bipolar disorder, or is a crafty left wing idealog who speaks with a forked tongue to impose his own personal radical will on Americans. He does this by villifying his opposing party with smears of an ‘evil government’ then when he convinces people to vote for him, he strong arms his leftist takeover and wonders why people are complaining about government in the same way that he did while he was campaigning. This guy is a thin skinned petty tyrant.

Posted by: EPU | May 1, 2010, 1:54 pm 1:54 pm

tierra,jake..Obama had the most money from those rich people, Wall Street, Goldman Sachs, SEIU and alike.
_________________________________
First of all I see you make no mention of money coming from the ‘Saudi palaces’ mentioned by the previous Republican liar.
Second of all, Obama’s top contributor was employees of the University of California, also in the Top Five – Harvard University, Microsoft, and Google.
Worth remembering these are contributions are not from the company or the organisation proper – but rather from employees or family members.
Same with any contributions from financial institutions – the contributions are not from the company – but from employees or employee family members.
Your characterisations a combination of inaccuracies and lies.

Posted by: tierra | May 1, 2010, 2:06 pm 2:06 pm

While we learn today that the President tells University of Michigan grads that he is troubled by those making the case that government is bad, he is forgetting the very tactic that he campaigned with: “that government is bad.”
_______________________________________
Nonsense. Obama campaigned for proactive government and the involvement of people in the democratic process – and against the policies of the Republicans.

Posted by: tierra | May 1, 2010, 2:10 pm 2:10 pm

Merrill Lynch $373,595
Citigroup Inc $322,051
Morgan Stanley $273,452
Goldman Sachs $230,095
JPMorgan Chase & Co $228,107
US Government $208,379
AT&T Inc $201,438
Wachovia Corp $195,063
UBS AG $192,493
Credit Suisse Group $183,353
PricewaterhouseCoopers $167,900
US Army $167,820
Bank of America $166,026
Gibson, Dunn & Crutcher $159,596
Blank Rome LLP $154,226
Greenberg Traurig LLP $146,437
US Dept of Defense $144,105
FedEx Corp $131,974
Bear Stearns $117,498
Lehman Brothers $114,357
Here is the rest of McCain’s contributions. Almost unreglated banks!! HA! HA!

Posted by: rich | May 1, 2010, 2:10 pm 2:10 pm

I love the fact that people still debate Obama. In 3 years he’s screwed, in the meantime all of his colleagues are screwed. HE KNOWS IT AND FEELS IT. Bring on November!

Posted by: HA! | May 1, 2010, 2:19 pm 2:19 pm

Goldman Sachs, who is now under investigation gave almost 1 MILLION dollars to Obama’s presidential campaign!!!!!!!!!

Posted by: bo | May 1, 2010, 2:20 pm 2:20 pm

Goldman Sachs, who is now under investigation gave almost 1 MILLION dollars to Obama’s presidential campaign!!!!!!!!!
Posted by: bo | May 1, 2010 2:20:10 PM
____________________________________
Goldman Sachs did not contribute almost a million dollars to the Obama campaign. That is a lie.
In the same way that employees of the University of California and their families contributed over a million to the campaign, so did employees of Goldman Sachs and their families.
Same with employees of Microsoft, Google, Harvard University – and their families.

Posted by: tierra | May 1, 2010, 2:32 pm 2:32 pm

Why is it the Republican right has to tell lie after lie after lie? Is there no interest in decency anymore?
Posted by: tierra | May 1, 2010 12:11:42 PM
Why do the Democrats have to hide expanded FTC powers in a financial reform bill?
So we can see what’s in the bill after we pass it?

Posted by: For The Record | May 1, 2010, 3:14 pm 3:14 pm

Why do the Democrats have to hide expanded FTC powers in a financial reform bill?
So we can see what’s in the bill after we pass it?
Posted by: For The Record | May 1, 2010 3:14:45 PM
_______________________________________
What ‘hidden’ changes?

Posted by: tierra | May 1, 2010, 3:29 pm 3:29 pm

“to prevent special interests from “gaining even more clout” in Washington.”
One of those special interest groups was the NRA which as a ‘not for profit’ corporation was denied the right to lobby in Congress.
In a debate of the campaign finance reform bill Mass Rep Marty Meehad declared: “cut the ties between gun money and Congress once and for all.” That sentiment was echoed by several other anti-gun Congressman.
A loophole allowed unlimited spending by special ‘527′ corporations such as the Brady Campaign and George Soros.
Campaign finance reform was and still is needed but it was used to silence millions of Americans who’s only voice was through the NRA. We are silent no more. Thanks to the Supreme Court and their defense of the First Amendment.

Posted by: oonogil | May 1, 2010, 3:40 pm 3:40 pm

Goldman Sachs did not contribute almost a million dollars to the Obama campaign. That is a lie.
Nor did any of the other financial institutions.
In the same way that employees of the University of California and their families contributed over a million to the campaign, so did employees of Goldman Sachs and their families.
Same with employees of Microsoft, Google, Harvard University – and their families.

Posted by: tierra | May 1, 2010, 4:28 pm 4:28 pm

Nonsense. Obama campaigned for proactive government
Posted by: tierra

Obama said a lot of things during his campaign. Who said that?

Posted by: smartlillena | May 1, 2010, 4:44 pm 4:44 pm

And now for your daily dose of “cricular reasoning”, here’s Tierr(or)a, and the ABC Obambots! (Cue Howard Dean) Yee-AWW!!!

Posted by: CBA | May 1, 2010, 4:45 pm 4:45 pm

tierra …..employees? Sure, at the urging of and funding by the corp.

Posted by: bo | May 1, 2010, 4:45 pm 4:45 pm

tierra …..employees? Sure, at the urging of and funding by the corp.
Posted by: bo | May 1, 2010 4:45:16 PM
____________________________________
The fact remains Goldman Sachs did not contribute a million dollars to Obama – hard as it is for the biased posters on here to acknowledge.

Posted by: tierra | May 1, 2010, 4:51 pm 4:51 pm

The fact remains Goldman Sachs did not contribute a million dollars to Obama – hard as it is for the biased posters on here to acknowledge.
The Republican right has so little to stand on they’ll grasp at anything – including the hypocrisy of critisizing the Democrats for exactly what they themselves do . . . sleazy.

Posted by: tierra | May 1, 2010, 4:54 pm 4:54 pm

Unless you want to quibble over a few thousand dollars, Your Hero, Obama recieved $1,000,000 via Goldman Sachs in 2008. Period.
__________________________________________
Obama did NOT receive a million dollars from Goldman Sachs – even your hypocritical Repubican finger pointing at this won’t make it true.
The contributions did not come from the company – as with the University of California (Obama’s largest contributor) – the funds came from employees and family members.
The University of California did not contribute the money, neither did Goldman Sachs.

Posted by: tierra | May 1, 2010, 5:04 pm 5:04 pm

Unless you want to quibble over a few thousand dollars, Your Hero, Obama recieved $1,000,000 via Goldman Sachs in 2008. Period.
__________________________________________
Obama did NOT receive a million dollars from Goldman Sachs – even your hypocritical Repubican finger pointing at this won’t make it true.
The contributions did not come from the company – as with the University of California (Obama’s largest contributor) – the funds came from employees and family members.
The University of California did not contribute the money, neither did Goldman Sachs.

Posted by: tierra | May 1, 2010, 5:11 pm 5:11 pm

. . . sleazy.

Posted by: smartlillena | May 1, 2010, 5:34 pm 5:34 pm

Think Progress has a good post up called “Secretive Right-Wing Plutocrats Use Front Groups To Attack New Campaign Finance Disclosure Bill” — many are the usual suspects:David and Charles Koch’s Front Group, Howie Rich’s Front Group,the U.S. Chamber of Commerce. As TP puts it, “The status quo of electioneering allows corporate powers, billionaires, and even domestic subsidiaries of foreign corporations to essentially manipulate American elections without ever revealing themselves. The DISCLOSE Act is a tremendous start at addressing this crisis of open democracy. But predictably, secretive right-wing power brokers are pushing back.”

Posted by: progressive mama | May 1, 2010, 5:36 pm 5:36 pm

Progressive mama, you’re not spouting another blogger, are you? I can’t believe it!

Posted by: smartlillena | May 1, 2010, 5:47 pm 5:47 pm

smartlilena, absolutely… under the heading of:
“Still, if you’re someone who only reads the editorial page of The New York Times, try glancing at the page of The Wall Street Journal once in awhile. If you’re a fan of Glenn Beck or Rush Limbaugh, try reading a few columns on the Huffington Post website.” President Obama today addressing 92,000 people at the University of Michigan commencement.
But how sweet of you to be overly obsessed with my posts :)

Posted by: progressive mama | May 1, 2010, 6:09 pm 6:09 pm

Why even bother with these blogs on ABC. Clearly they are screened for the Obamabots/statist/welfare/warfare mongers…
Where is the “silent majority” these days? Oh right, getting labeled racist for criticizing a man who’s shared ethnicity silences crticism from those of those races, no matter just how bad he interferes with their lives (financial/medical/spiritual “cling to guns/religion, eh), or gives away their hard earned money to his political and financial cronies, with threatened use of force, and “hate speech” as his tools of submission.
There comes a time after eight years of tyranny, and another year added on, that the guy on the matt decides to push off the boot that is smashing his face… Thankfully for a rapidly growing number of Americans… that time… is NOW!
(Where’s the CHANGE, it’s it your pockets! Your retirement and pension belongs to the corporate welfare queens NOW!!!)
Hey America, Had enough?
No D’s or R’s in 2010-12… Let’s get the “change” we were promised!!!

Posted by: CBA | May 1, 2010, 6:19 pm 6:19 pm

Obama did NOT receive a million dollars from Goldman Sachs – even your hypocritical Repubican finger pointing at this won’t make it true.
The contributions did not come from the company – as with the University of California (Obama’s largest contributor) – the funds came from employees and family members.
Posted by: tierra |
Who knew that the fattest of the fat cats in all the world of Big Finance were overwhelmingly Democrats?

Posted by: Foghorn Leghorn | May 1, 2010, 6:28 pm 6:28 pm

In a post called, “Democrats, Republicans just can’t quit Wall Street money” Ezra Klein points out that, “Both parties, in fact, know the risks and are choosing to take the hit rather than forgo the cash. This isn’t because they love being attacked or even think that the toxicity of Wall Street is overstated. It’s because, to use a metaphor that’s in vogue right now, our system of campaign finance turns politicians into vampire squids wrapped around the wallets of the rich, relentlessly jamming their blood funnels into anything that smells like money.”
Its unfortunate and needs to be changed. But Bob Cesca also makes an excellent point:
“When Democrats run things, they tend to go after corporations, polluters, wealthy white collar criminals, etc.
When Republicans run things, they tend to go after history text books, brown people, poor people, gay people, the working class and, yes, scientists and teachers.
…The Democrats aren’t perfect or saintly, but the next hipster who tells me “both parties are the same” is gonna get a wollup right in the kisser. Verbally, of course.”

Posted by: progressive mama | May 1, 2010, 6:41 pm 6:41 pm

Obama received almost $1M from Goldman Sacks. Is that the shadowy campaign finance he’s concerned about? If so, he should walk the walk, not just talk the talk. Give the money back.

Posted by: Tyrone | May 1, 2010, 6:41 pm 6:41 pm

Obama received almost $1M from Goldman Sacks.
_____________________________________
Obama did NOT receive a million dollars from Goldman Sacks (sic) – even your hypocritical Repubican finger pointing at this won’t make it true.
The contributions did not come from the company – as with the University of California (Obama’s largest contributor) – the funds came from employees and family members.

Posted by: tierra | May 1, 2010, 7:05 pm 7:05 pm

He didn’t seem to have a problem with GE lending a very large hand in his election victory. Think about what GE owns. You should be able to connect the dots.

Posted by: s | May 1, 2010, 7:07 pm 7:07 pm

Obama Doesn’t Intend to Give Back Goldman Donations By John McCormick……………………..Yes, McCain won’t give back his $290,000 either.

Posted by: rich | May 1, 2010, 11:07 pm 11:07 pm

Obama Doesn’t Intend to Give Back Goldman Donations By John McCormick
whathappened08 | May 1, 2010 10:44:52 PM
Employees and families? Why don’t you want to talk about the reality of Goldman Sach’s PAC bankrolling Republicans to block financial reform (check out the March filings)?

Posted by: jhw539 | May 1, 2010, 11:08 pm 11:08 pm

BO and campaign finance reform? *cough cough*

Posted by: JustMe | May 2, 2010, 12:50 am 12:50 am

BO and campaign finance reform? *cough cough*
Posted by: JustMe | May 2, 2010 12:50:52 AM
______________________________________
Like its the Republicans who will cut back on shadowy campaign committees and corporate funding . .. hahaha . .. you’re crackin’ me up . . .

Posted by: tierra | May 2, 2010, 3:49 am 3:49 am

Why don’t you want to talk about the reality of Goldman Sach’s PAC bankrolling Republicans to block financial reform (check out the March filings)?
Posted by: jhw539

After the way obama/democrats have used them would you expect anything less?

Posted by: smartlillena | May 2, 2010, 8:43 am 8:43 am

This bill is dead on arrival. It will never get the votes to even get to debate. He should be worrying more about the oil spill, unemployment and Iran but then again when it comes to real issues this racist crumbles like the weakling he is. He is good at talking trash about Americans and playing golf but he is a weak leader and fails to govern all Americans.

Posted by: Tammy | May 2, 2010, 8:49 am 8:49 am

Like its the Republicans who will cut back on shadowy campaign committees and corporate funding

Aw, c’mon, the bigger problem is the pols who accept such monies. In your own words – “as with the University of California (Obama’s largest contributor)”. See the problem there?
So. Unless you want to quibble over a few thousand dollars, Your Hero, Obama recieved $1,000,000 via Goldman Sachs in 2008. Period.

Posted by: smartlillena | May 2, 2010, 9:56 am 9:56 am

Smartlillena, like the Robert majority in “Citizens United” appears unable to distinguish between corporate PAC (political action committee) money and corporate treasury money. The former consists of voluntary contributions from individual stockholders and employees, including the corporate CEO and other senior officers. The later, particularly in the case of global corporations like Goldman Sachs and AIG, is a virtually unlimited repository of commercial wealth that can be used by corrupt CEOs and their lobbyists like a nuclear weapon to demand the subordination of elected officials.

Posted by: Cliff Arnebeck | May 2, 2010, 2:58 pm 2:58 pm

OBAMA DID NOT DISCLOSE WHERE ALL THE MONEY CAME FROM IN 2008. HOW MUCH CAME FROM FOREIGN COUNTRIES AND TERRORIST GROUPS? HOW MUCH CAME FROM LOBBISTS?

Posted by: OBAMA BASED THE ENTIRE 2008 CAMPAIGN ON LIES! | May 2, 2010, 3:22 pm 3:22 pm

It is no wonder that those spouting defamatory nonsense, whether they be individuals or corporations, wish to do so anonymously.
Barack Obama fully disclosed the sources of all his contributions from all individuals and corporate pacs in accordance with all applicable laws and regulations. One can be sure complaints would have been filed with the FEC were that not the case.

Posted by: Cliff Arnebeck | May 2, 2010, 4:33 pm 4:33 pm

So. Unless you want to quibble over a few thousand dollars, Your Hero, Obama recieved $1,000,000 via Goldman Sachs in 2008. Period.
Posted by: smartlillena | May 2, 2010 9:56:15 AM
_______________________________________
Obama did NOT receive a million dollars from Goldman Sachs – the company.
As with the ‘University of California’ contributions, they came from employees and family members.

Posted by: tierra | May 2, 2010, 11:45 pm 11:45 pm

Tierra:
In your own words – “as with the University of California (Obama’s largest contributor)”. See the problem there?
So. Unless you want to quibble over a few thousand dollars, Your Hero, Obama recieved $1,000,000 via Goldman Sachs in 2008. Period.

Hey, I can’t blame you for being disappointed, it is a tad unseemly. Moreso since your hero refused to shed himself of it. It seems he despises everyone’s filthy money unless it’s coming his way.
ps, he’s fixing to have to go back to China and beg for more money to rebuild Middle Tennessee. How’s that gonna work?

Posted by: smartlillena | May 3, 2010, 7:58 am 7:58 am

Barack Obama fully disclosed …..in accordance with all applicable laws and regulations.
Posted by: Cliff Arnebeck
—-
Hmm, that sounds a lot like, “no controlling legal authority…”.
But, no matter, I’m sure the man took advantage of every “applicable law and regulation” he could whilst publicly professing the evil of others working inside those very same “applicable laws and regulations”. Laws & regs he’s never taken it upon himself to attempt to change. Citizens United is now one of those laws.
I can’t help but wonder what the decision would’ve done for his 08 campaign. Tierra is correct that the $1,000,000 did not come directly/solely from GS but without their (GS) blessing he’d very certainly not gotten a third of that $1,000,000. Apply that to the rest of the evil corporations who also donated to him.
(yes, borak obama recieved $millions$ in corporate donations)

Posted by: smartlillena | May 3, 2010, 8:44 am 8:44 am

And there is University of California (Obama’s largest contributor). It’s odd that UC is still credited with being “Obama’s largest contributor” even though the overall donation breaks down basically the same way (institution/employees). Do you think a UC endorsement had no bearing on the employee portion of that donation? Or the employee portion didn’t come at the behest of UC?
Same institution/employee situation with the institution being credited with the entire donation.

Posted by: smartlillena | May 3, 2010, 9:00 am 9:00 am

unemployment and Iran but then again when it comes to real issues this racist crumbles like the weakling he is. He is good at talking trash about Americans and playing golf but he is a weak leader and fails to govern all Americans.
After the way obama/democrats have used them would you expect anything less?
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Posted by: Katherine Paul | June 15, 2010, 3:42 am 3:42 am

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