He has completely snowed his supporters into believing that he is against special interest and accepting funding from lobbyists. One look at where all that money is coming from tells another story.
Obama%26#039;s presidential campaign has received nearly $5 million dollars from securities and investment firms and $866,000 from commercial banks through October of 2007. Obama%26#039;s top contributor so far is Goldman Sachs (provider of $369,078 to Obama), identified by Center for Responsive Politics (CRP) investigators as %26quot;a major proponent of privatizing Social Security as well as legislation that would essentially deregulate the investment banking/securities industry.%26quot; Eight of Obama%26#039;s top twenty election investors are securities and investment firms: Goldman Sachs, Lehman Bros. (number 2 at $229,090), J.P. Morgan Chase and Co. (# 4 at $216,759), Citadel Investment Group (#7 at 4166,608), UBS AG ($146,150), UBS-America ($106,680), Morgan Stanley ($104,421), and Credit Suisse Group ($92,300). The last two firms are also known to be leading privatization advocates (Center for Responsive Politics 2007a).
Meanwhile, Obama%26#039;s presidential run has been %26quot;assisted%26quot; by more than $2 million from the health care sector and nearly $400,000 from the insurance industry through October of 2007 (Center for Responsive Politics 2007b). Obama received $708,000 from medical and insurance interests between 2001 and 2006 (Center for Responsive Politics 2007c). His wife Michelle, a fellow Harvard Law graduate, was until a recently a Vice President for Community and External Affairs at the University of Chicago Hospitals, a position that paid her $273, 618 in 2006 (Sweet 2007).
And Obama%26#039;s sixth largest contributor is Exelon, the proud Chicago-based owner and operator of more nuclear power plants than any entity on earth (Center for Responsive Politics 2007a).
Go figure.
As for his %26quot;lobbyist ban,%26quot; last August the Los Angeles Times reported that Obama %26quot;raised more than $1 million in the first three months of his presidential campaign from law firms and companies that have major lobbying operations in the nation%26#039;s capital.%26quot; Campaign finance expert Stephen Weissman observed that this raised troubling questions about the practical relevance of Obama%26#039;s much-ballyhooed pledge to turn down donations from %26quot;federal lobbyists.%26quot;
%26quot;Obama%26#039;s rise to national prominence and presidential viability, Helman discovered, depended significantly on PAC and lobbyist money.%26quot;
As Los Angeles Times reporter Dan Morain explained, %26quot;some of the most influential [lobbyist] players, lawyers and consultants among them, skirt disclosure requirements by merely advising clients and associates who do actual lobbying, and avoiding regular contact with policymakers. Obama%26#039;s ban does not cover such individuals.%26quot;
Thus, to give one example, Obama received $33,000 in the first quarter of 2007 from the Atlanta-based law firm Alston %26amp; Bird, which maintains a large lobbying division in Washington. Obama%26#039;s $33,000 came bundled from a number of %26quot;consultants%26quot; employed by the firm.
Also deleted from Obama%26#039;s %26quot;ban%26quot; are state lobbyists. Obama took $2000 from two Springfield, Illinois lobbyists for Exelon, which spent $500,000 to influence policy in Washington in 2006 and gave $160,000 directly to Obama (Morain 2007).
An especially big dent in the armor of Obama%26#039;s effort to sell himself as the noble repudiator of lobbyist, PAC, and special interest money generally was inflicted in early August of 2007. That%26#039;s when the Boston Globe published a widely circulated article titled %26quot;PACs and Lobbyists Aided Obama%26#039;s Rise: Data Contrast With His Theme.%26quot; Globe reporter Scott Helman reviewed campaign finance records to find that a %26quot;more complicated truth%26quot; lurked %26quot;behind Obama%26#039;s campaign rhetoric.%26quot; Obama%26#039;s rise to national prominence and presidential viability, Helman discovered, depended significantly on PAC and lobbyist money, including large sums from %26quot;defense contractors, law firms and the securities and insurance industries%26quot; to his own powerful PAC %26quot;Hopefund.%26quot; Of special interest was Helman%26#039;s determination that Obama was retaining close and lucrative funding relationships with leading Washington-based lobbyists and lobbying firms while technically avoiding direct contributions from those key campaign finance players.
Why does Obama lie about taking money from specail interest groups and lobbyists?
Like his speeches his values and honesty are bunk.
Truth
Hillary for Pres!
Why does Obama lie about taking money from specail interest groups and lobbyists?
I don%26#039;t know
Why does Obama lie about taking money from specail interest groups and lobbyists?
most of speeches are based on JFK, aren%26#039;t they?
Why does Obama lie about taking money from specail interest groups and lobbyists?
first of all keep your comments short no one has time to read all that and second it is politics you are talking about you can expect anything from politician u think he is bad u should come to my country and and see all thats going on. we are two days away from general elections in Belize
Why does Obama lie about taking money from specail interest groups and lobbyists?
who knows,instead of copy and pasting,add a link please.
Why does Obama lie about taking money from specail interest groups and lobbyists?
you asked, %26quot;Why does Obama lie about taking money from specail interest groups and lobbyists?%26quot;
Simply to win the election... just lie about it and say sorry when you win the election., if you got caught
Why does Obama lie about taking money from specail interest groups and lobbyists?
America loves liars aka Hillary and Obama which shows by the polls...Ron Paul is true and stands up for what he believes and is best for America
Why does Obama lie about taking money from specail interest groups and lobbyists?
It is necessary to take money from others to win the elections. But, Obama has to be selective with those groups; because if he wins with their support, they are gonna black mail him to get profits or good contracts with the government.
Why does Obama lie about taking money from specail interest groups and lobbyists?
HE DOESN%26#039;T LIE ABOUT IT!!
If you watch the debates, he openly told about his past with lobbyist, however, he no longer continues with lobbying. This presidency is all about change for the better, and he changed for the better.
so, don%26#039;t bash barack because there are so many bad things i can point out about clinton or any other candidate.
like they say, no one is politics is innocent.
Why does Obama lie about taking money from specail interest groups and lobbyists?
Yes! He is not to be trusted, so vote Ron Paul!
Why does Obama lie about taking money from specail interest groups and lobbyists?
He doesn%26#039;t lie.The lobbyists that he has been associated with have been state lobbyists. He has promised not to let lobbyists influence him on the national scene as President. But, you already really knew that.
Why does Obama lie about taking money from specail interest groups and lobbyists?
All politicians take money.
Except Romney, he has his own money put forth to buy the election.
Mitt Romney, can%26#039;t be bought for special interests, but can buy the election for his own.
Why does Obama lie about taking money from specail interest groups and lobbyists?
VOTE OBAMA!!
Why does Obama lie about taking money from specail interest groups and lobbyists?
THATS LIKE ME SAYING WHY DOESNT HILLARY ADMIT THAT THE ONLY REASON SHE EVEN HAS A CHANCE AT BEING PRESIDENT IS BECAUSE OF HER HUSBAND.
Why does Obama lie about taking money from specail interest groups and lobbyists?
Obviously most of these arguments don%26#039;t hold water or else Hillary would be shouting them from the rooftops on a regular basis. Even if he is getting money from people who are related to special interests, he%26#039;s doing it in the form of fundraisers and individual donors. That%26#039;s a lot different from the mountains of money that go straight from lobbyist organizations into a candidate%26#039;s bank account.
Obama wants to expand campaign finance reform, and he%26#039;s taken steps in that direction. It%26#039;s certainly not perfect yet, but at least he%26#039;s trying to make progress in this area unlike most others.
Why does Obama lie about taking money from specail interest groups and lobbyists?
Of course he hides PAC $. In the end, he is an Illinois democrat %26amp; heaven knows how often they tell the truth!
Why does Obama lie about taking money from specail interest groups and lobbyists?
Yes I agree he has deceived us about his money sources and how %26#039;stupid%26#039; are we to believe it, that he could raise as much as Billary without special interest/lobby money. Your indepth disclosure should awaken the sleeping public who wants to believe he%26#039;s different. So far the only difference I see is he can%26#039;t do the Pledge of Allegiance with his hand on his heart and he claims to be a Christian but he%26#039;s never been baptised and he was raised a Muslim in Kenya until at least age 8, then claims Christian 30 years but he went back to campaign for his cousin in Kenya, an Islamic Extremist who was killed after the election (cousin didn%26#039;t win). Christians are persecuted in Kenya, so how did he manage that without being killed himself? Yes, there are too many questions about him yet to be answered. You are wise to speak, there%26#039;s a wolf in sheeps clothing amongst us, and voters need to open their eyes. Why, you ask, is he lying. I say he%26#039;s lying like the anti-Christ will, a Charismatic man who proclaims he will unite and change the world.
Why does Obama lie about taking money from specail interest groups and lobbyists?
Same reason the clintons always have. THey are crooked mf ers.
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