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Posted on 03/27/2009 12:47:29 PM PDT by Free America52
President Obama continued collecting money for his 2010 Senate re-election campaign even after he resigned his seat from Illinois, including a maximum $2,300 donation the day after Christmas from a top executive of a Wall Street firm that had received a government bailout.
Four contributions - $4,800 in all - were donated to the Obama 2010 fund on Dec. 26, according to Federal Election Commission reports.
The money came from some of Mr. Obama's top presidential fundraisers: Bruce A. Heyman, managing director at Goldman Sachs, which received a $10 billion bailout last year; Steven Koch, vice chairman at Credit Suisse First Boston; and John Levi, a lawyer at the law and lobbying firm of Sidley Austin LLP.
(Excerpt) Read more at washingtontimes.com ...
$500K Book deal.
Grab da loot while ya can.. uhh..
Scandal after scandal with these people.
If you are a Democrat, why should a crime be illegal?
He won. That trumps the law, which now aplies only to his political opponents.
Isn’t this illegal? I mean unless of course he plans on stepping down and then running for the senate again. But hey The One is perfect he couldn’t make a mistake could he?\sarc
Just how stupid are the people who are donating to a campaign that is never going to happen?
As government becomes more involved in all business, this type of conflict of interest will become repetitive.
Obama is trapped: the only way to get business out of politics is to get politics out of business.
I believe wants to keep his options open for when he is impeached. The nut-jobs in Illinois will be happy to put an impeached president in the senate.
That's a lotta "loose change" you can believe in.
Wow, pretty good ROI for Goldman Sachs. /S
For those who don’t understand book deals....a bit of education.
The publisher guys overpay....upfront....without hesitation. Call it a simple way of paying a friend for work....legally...and pretending to make a profit when you don’t.
Imagine yourself as Larry the 4-star publisher. You have a wealthy associate come up and they want to reward a political figure....by a tune of $1 million. So they partner up with your publishing company and you give a contract to the poor dope who is writing a book...whether its worth it or not. All the big money is up front...with a bit at the end.
The dope eventually delivers the book...which hopefully, its at least readable...if not...you’ve got guys to rewrite it a bit and fix the issue.
Then these book stores in Austin, Topeka, Red Bay and Carlsbad...start getting box after box of these books. To be truthful....this bookstore in Red Bay might only sell twelve of these...but they’ve “ordered” forty. Someone might appear and buy twenty...just to pump up the sales and make it respectable....but after six months...the remaining books get tended back to a quick-return store...who sells them at half the price. Whatever remains then...gets bought by another guy for 10 cents on the dollar...then dumped in some garbage dump in Arkansas.
The publisher is happy because he didn’t really lose any money. The book stores are happy...because they did make some profit, but certainly didn’t lose any money. The friend of the dopey writer is happy because his writer political figure made legal money and everyone is legally smiling. The front guy for this whole thing? He’s happy because he’s getting twelve lines of tax code from his political friend out of this entire deal...and making $20 million.
Book deals are juicy ways of helping some poor political guy with no rich family heritage. You’ve got a choice of this or land speculation deals where some DA might figure out your scheme and get you into White Water trouble.
I wonder if he will have Bill Ayres write this one.. or maybe angela davis..
twelve lines of tax code? you could build a village with that, eh? ;-)
Thanks
Oh, I don't know, maybe they are going to get part of the stimulas package as a result. Hence, they don't really give a flying crap about which fund they donate to.
Scratch my back...
Bookmark
The Obama administration is definitely the most corrupt in the history of the United States and we're just getting started.
Depends on WHEN you get your money. Hillary Clinton got her $8million from Viacom-Simon&Schuster in the window of opportunity between winning the election and being sworn into office (after which she would’ve gotten an ethics charge).
Viacommie knew what they were doing.
I despise Hussein and all he stands for.
But $4800 is chump change; probably an oversight.
If destroying America’s finances with a $4 Trillion budget isn’t enough to get the citizens to fight Hussein, a $4,000 donation will be ignored, too.
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