Big Dogs Weblog

Obama Breaks Pledge On Inauguration Donations

by Big Dog on Jan 11, 2009 at 12:47 Political

The sainted one supposedly did not take PAC money during the campaigns though he took it from people associated with PACs. He also received large sums of money from questionable, and probably illegal, sources. For his inauguration he promised that the money that came in for his coronation would not come from interests.

The Wall Street Journal has reviewed the donations for the event and concluded that Obama has not kept his word.

Wall Street employees have been the largest single source of private donations, and many of the contributions have been channeled through financial-services executives who have put together bundles of donations worth hundreds of thousands of dollars.

“The preponderance of large donors and the fact that so many come from an industry receiving government handouts comes as the president-elect has sought to keep his inauguration free of special interests,” The Journal observed.

Bundlers from the financial sector include executives from Citigroup Inc. and Goldman Sachs Group Inc., two firms that have accepted billions of dollars each in bailout money from the federal government.

Where did these entities get the money to donate? If they were in such dire straits that they needed money from the government to survive, where did they come up with funds to donate for the inauguration?

Was the money donated taxpayer money? Was this a method to get around directly using taxpaer money for the event?

Regardless of where it came from it seems like an extreme conflict for them to donate when they have their hands out and when Obama has promised the most expensive use of taxpayer money in history.

I thought he promised that electing him would end the business as usual practices of DC.

Looks like the sainted one is nothing more than a politician who has his own best interests at heart.

Not to worry though, he will say Hope and Change a few times and people will swoon and forget the whole thing.

However, I am reminded of the lipstick and pig thing…

Source:
Newsmax

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Tags: coronation, donations, inauguration, Obama, special interests, taxpayer