Monday, July 07, 2008

No special interests

So Obamamania is going to win this campaign with no contributions from special interests.

What's this?
So, whom do lobbyists represent? Special interests—various industries and associations wanting something from government. Here, from the Center's OpenSecrets.org, are some of the industries that have given Obama money: lawyers, $17.8 million; securities and investments, $7.9 million; education, $7 million; real estate, business services, miscellaneous businesses, health professionals and TV/movies/music, more than $4 million each. Computers/Internet, finance, civil servants and public officials, printing and publishing, commercial banks, hospitals and nursing homes, construction services, all ranging from almost $1 million to more than $3 million.

Biggest donors? Goldman, Sachs & Co., UBS, JPMorgan Chase, Citigroup, National Amusements, Lehman Brothers, Google, Sidley Austin, Skadden Arps, Time Warner, Morgan Stanley, Exelon, Latham & Watkins, Microsoft and GE are among the biggest corporate contributors.

How can this be? Didn't Obama say he doesn't accept money from lobbyists and PACs? Well, that means he still can accept money from "spouses of lobbyists, non-lobbying partners who work for lobbying firms or for law firms that do lobbying, ex-lobbyists and state lobbyists," said the Center. "Because of contribution limits, organizations that bundle together many individual contributions are often among the top donors to presidential candidates. These contributions can come from the organization's members or employees [and their families]."
I guess their interests aren't special.....

No comments: