Worth checking out: Market Place's PAC-MEN series
The Public Radio program Marketplace just did some stories on leadership PACs that you can find here. Handy links to data on the PACs is here.
Click here for the page listing all the North Carolina contributions they found.
This is one of those projects that lays out how things work and shouldn't be surprising. If you check out the latest story, it sort of explodes the myth of Obama not taking lobbyist donations. From that story:
STEVE HENN: When Barack Obama turned down federal funds for the general election, he boasted to his legion of small donors that his campaign had found a better way.
BARACK OBAMA: Instead of forcing us to rely on millions from Washington lobbyists and special interest PACs, you've fueled this campaign with donations of $5, $10, $20 -- whatever you can afford.STEVE HENN: It's true Obama's campaign hasn't taken money from lobbyists or political action committees run by corporations and unions. But his own Leadership PAC has.
Leadership PACs are a carbon copy of corporate and union PACs. Their primary purpose is to raise money and share it with other party members facing tough election fights.
Obama's PAC is called the HopeFund and it has accepted hundreds of thousands of dollars from Washington lobbyists and special interests. Obama's not the only one with a Leadership PAC. John McCain and nearly all the other candidates who competed in the primaries run these PACs, too.
And the reality is that politicians use this money for all sorts of things, not just to contribute to others' campaigns.
Worth digging into if you have the time.
Comments (1)
To report abuse of the comment feature on this site, please use the feedback form at the bottom of any page.
Being we are talking money here, your readers may want to check this Obama senate bill out. There is a US Senate bill that Barack Obama is now sponsoring, it's "Obama's S2433" and if passed it will cost American tax payers an additional 845 Billion dollars in taxes over the next few years. This S2433 tax money will be given to the corrupt United Nations, specifically for the "UN Global Poverty Act". The money will then be distributed to third world dictators.Google, (Obama's S2433) and read how Barack Obama plans to redistribute your hard earned tax money. Barack Obama also has vowed to double the capital gains tax and this will drive investors away from the housing market,plunging it into further depression. Obama has vowed to eliminate the reduction in the death inheritance tax that President Bush implemented. Remember who to curse when your relatives leave you something in their wills and Obama's Marxist government takes it from you. Michelle "Pitbull" Obama says we Americans will have to get used to having less,sadly, I believe her if Obama gets elected. Obama is not about hope,he is about pessimism. I smell the ghost of Karl Marx around Barack Obama and his global socialist give away programs is proof of Obama's Marxist ideological motives. If that's not enough to show you what Barack Obama is about, check out his America hating, Jew hating friends at this site below.
http://www.jeffhead.com/obamacircle.htm
Posted on August 2, 2008 3:25 PM