Obama Biggest Recipient Of BP Cash

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  • wa3zrm
    Member
    • May 2009
    • 4436

    Obama Biggest Recipient Of BP Cash

    During the time that the Gulf of Mexico is dealing with the pumping of oil into it, it has been discovered that President Barak Obama and members of the USA House and Senate have been recipients of money from BP. From the POLITICO:”BP and its employees have given more than $3.5 million to federal candidates over the past 20 years, with the largest chunk of their money going to Obama, according to the Center for Responsive Politics. Donations come from a mix of employees and the company’s political action committees — $2.89 million flowed to campaigns from BP-related PACs and about $638,000 came from individuals.
    On top of that, the oil giant has spent millions each year on lobbying — including $15.9 million last year alone — as it has tried to influence energy policy.
    During his time in the Senate and while running for president, Obama received a total of $77,051 from the oil giant and is the top recipient of BP PAC and individual money over the past 20 years, according to financial disclosure records.”
    At a time when those in the Obama White House, “we need to put a boot on the throat of BP”, and that there is great concerns about the damage to the fishing and recreation industries in the Gulf, this revelation via the POLITICO comes as no surprise. President Obama and the Dems have been talking from both sides of their mouths on the issues of concerns for the environment of the Gulf of Mexico at the same time, getting campaign monies from the same company they have been throwing under the bus as of late.
    Once again, in the POLITICO, a spokesman from the Obama White House comes out and DENIES the notion that President Obama has taken any money:“President Obama didn’t accept a dime from corporate PACs or federal lobbyists during his presidential campaign,” spokesman Ben LaBolt said. “He raised $750 million from nearly four million Americans. And since he became president, he rolled back tax breaks and giveaways for the oil and gas industry, spearheaded a G20 agreement to phase out fossil fuel subsidies, and made the largest investment in American history in clean energy incentives.”
    Just like Goldman Sachs, President it seems, has been caught in bed with another major business, while at the same time, acting like he is a Chicago community organizer when he was in public calling BP to the carpet just like he was acting like a saint. But at the end of the day, this will simply the words of another limo Democrat who is making excuses just to have another industry taken over by the Feds. Read More Here:\"Obama Biggest Recipient Of BP Cash\"
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  • LaZeR
    Member
    • Oct 2009
    • 3994

    #2
    SHOCKER

    Comment

    • snusjus
      Member
      • Jun 2008
      • 2674

      #3
      No surprise there, since America is a corporatocracy.

      Comment

      • wadetheblade
        Member
        • Jul 2009
        • 572

        #4
        Thats what oil companies do and every other huge corporation. Duh. Wa3zrm you need to just start your own thread where you can hate the President and post all your silly links.

        Comment

        • JPono
          Member
          • Sep 2009
          • 415

          #5
          Kind of a non-story, guys. BP (the company) didn't give money to Obama, the employees did. BP set up PACs, just as every other large company does, for employees to donate to. They're not required or encouraged to donate, but may at their own discretion. Those who donated include higher ups and gas station attendants and everyone else in-between who liked the guy.

          And $77k, out of $750m in campaign fundraising, is 0.01% of the total. Not a lot when you put it in perspective.

          Comment

          • justintempler
            Member
            • Nov 2008
            • 3090

            #6
            BP spreads the bribes around even Ron Paul gets his share.

            http://www.opensecrets.org/orgs/reci...t=A&cycle=2008
            http://www.opensecrets.org/orgs/reci...t=A&cycle=2010

            Comment

            • sgreger1
              Member
              • Mar 2009
              • 9451

              #7










              But on the real though, if you people think that companies setting up PAC's and having their employees donate is bad, wait untill the next election cycle. Since SCOTUS decided corporations can directly contribute to campaigns, they no longer have to ocnvince the employees to donate, they can just cut the candidates a 3 million$ check and be done with it. <--- This is corporatism at it's finest.

              And who will be the biggest donors? Same as last time and the time before that: Goldman Sachs, BP etc etc

              Comment

              • Owens187
                Member
                • Sep 2009
                • 1547

                #8
                Doesn't surprise me one bit. Obummer.

                Comment

                • tom502
                  Member
                  • Feb 2009
                  • 8985

                  #9
                  It's all about the money.

                  Comment

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