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Democrats Hurry to Limit Effect of Supreme Court Ruling on 2010 Campaigns
By Patricia Murphy - Politics DailyWhen the Supreme Court issued its decision in Citizens United v. FEC lifting restrictions on corporate and union spending in federal elections, Sen. Chuck Schumer (D-N.Y.) called it "poisonous," "un-American," and "a threat to our democracy." On Thursday, he and Rep. Chris Van Hollen (D-Md.) announced they will take the lead in Congress to limit the impact of the Supreme Court's decision on the mid-term elections. They intend to introduce legislation banning donations from certain types of corporations, including foreign companies, TARP recipients, and federal contractors. In its January ...
Obama Accepted AIG Cash for Campaign
By Mark Impomeni - Politics DailyWith all the outrage coming from the White House over bonuses paid to executives at the troubled AIG Insurance group, the White House might be a bit embarrassed to admit that as a Senator, President Obama took plenty of money from AIG in the form of campaign contributions. According to OpenSecrets.org, Senator Obama was the second largest recipient of campaign dollars from AIG at $101,332. Only Connecticut Senator Chris Dodd (D-CT), Only Connecticut Senator Chris Dodd (D-CT), who, it turns out, is responsible for the loop hole that allowed the bonuses to be paid to AIG executives.For ...
Obama Appointee in Pay-to-Play Scandal
By Mark Impomeni - Politics DailyVetting troubles continue to dog the Obama Administration as another White House appointee is revealed to have engaged in questionable behavior in his previous position. Former Bronx, NY, Borough President Adolfo Carrion is the new White House Director of Urban Policy, a staff position for which no Senate confrmation is necessary. That may be a good thing for Carrion, as Senators would surely have had some questions about Carrion's alleged ties to several Bronx developers who mysteriously became Carrion fundraisers in the weeks and months before their development projects were approved by the ...
Barack Obama's Campaign Donors Much Like George Bush's
By Mark Impomeni - Politics DailyPresident-elect Barack Obama built a formidable campaign money machine during the presidential election, raising more money than any single presidential candidate in U.S. history, over $600 million. Obama credited, and the media parrotted, millions of small donors each donating less than $200 for his fund raising prowess. He even referred to this army of contributors as a new kind of public financing system. But a new analysis of Obama's donor base shows that there was no army of small donors. In fact, Obama raised just about the same percentage of his money from small donors as George W. Bush ...
Big Money Donors Get Transition Team Seats
By Mark Impomeni - Politics DailyDespite campaigning on a promise to rid Washington of corrupt moneyed interests, President-elect Barack Obama has given very influential posts on his transition team to big-money donors to his presidential campaign, according to an analysis by Bloomberg.com. John Podesta, head of the transition effort, announced rules yesterday banning registered lobbyists from raising money for the transition or working for the Administration in policy areas over which they have lobbyed in the past. But Bloomberg's investigation shows that the rules have big loopholes for campaign contributors and even some ...
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