While the FEC ponders the source of over $22 million in "unidentified" donations to his campaign fund, Obama is relying on his friends on Wall Street to keep focus on his (other) economic plan(s).
We've talked about those plans in a previous post.
The Over the Hill Oracles talk about them (Obama Owns Wall Street) as they relate to the financial crisis on Wall Street.
Who owns the problem? If you mean by "own," who will pay the bill (or part of it), it's going to be taxpayers. If you mean by "own," who created this scenario, several names come to mind ….
Let's look at the foundations beneath the crisis:
1) the corruption behind the collapse of Fannie Mae and Freddie Mac — those federally-funded low income housing authorities – includes a "who's who" list of former and present legislators, Presidents, CEO's who operated the system for personal and political gain, rather than low-income opportunities, and Congressional regulations that precipitated the calamity.
2) the role ACORN played — beyond a) it's push to register the youth, the homeless, the sheltered elderly or the ineligible voter class, b) it's voter intimidate tactics, and, c) it's history of voter fraud — in promoting "class warfare" and home ownership for poverty-level citizens (including the undocumented "residents" who recently glutted low-income mortgages and credit card markets).
How does this relate to Barack Obama? Why is he called the most radical politician to ever get close to the White House? Read on .....
Comparing 19 years with 143 days presents a more revealing reality about Obama's Wall Street "ownership" and raises even more questions about his financial backers --
Recently, Barack Obama has joined in the chorus of fraudulent statements regarding Wall Street. Fannie Mae and Fannie Mac have contributed $126,349 to Barack Obama, which ranks him second on the list of Washington lawmakers to receive such contributions.
To compare Obama's contributions with McCain's is like comparing apples and oranges.
... in over 19 years [for McCain] and in 143 working days [for] Obama .... Obama has received over 35 million in campaign contributions from Wall street. That's over 5x the amount John McCain has received.
Hard not to confuse who represents whom.
Let's also look more closely at Obama's history of financial support from Wall Street in the context of his supposed "continguency plans": Barack Obama has a socialist "menu" of projects he wants to do if elected president: quasi-nationalize healthcare, institute a cap-and-trade climate change plan, invest hundreds of billions in energy and infrastructure and education and global initiates (poverty, climate control, innovations, technology, etc.) which he will relegate to the United Nations to manage.
What he does not want to do, I would imagine, is deal with an ongoing credit crisis on Wall Street. An adviser to the campaign told me that Obama has "contingency plans" to deal with the problem if it does not seem to be improving in 2009. (Already, he seems to be backing off his tax increases.)
.... As if to do so might detract from his trillion dollar-plus financial plan he intends to implement during his assumed presidency ....
But back to campaign finances....
Currently, the Obama campaign refuses to reveal his complete list of "bundlers" or their employers and funding-sources:
his campaign has ignored repeated requests from the Center for Responsive Politics and other watchdog groups to disclose his bundlers' employers and occupations, these figures are probably undercounts. The securities and investment industry is Obama's second-largest source of bundlers, after lawyers, and at least 56 individuals have raised at least $8.9 million for his campaign. The larger finance, insurance and real estate sector has produced $13.4 million for Obama, making it his most generous sector.
I don't know about the rest of you, but anyone who hides monies and the sources of monies ain't someone I want monitoring the federal budget.
Posted at 01:57 pm by Gull