Quantum Spin

Well, due to some spammer having found this obscure blog, I have been forced to refuse Anonymous posts. I apologize for any inconvenience this may cause for legitimate posters, but since I am unable to send feedback to the offending servers causing them to explode and burst into flames - well, I do what I can. Thank you to all my sincere commentators and may the spammers rot in digital agony.

Friday, February 29, 2008

No Money From PACS or Lobbyists, Eh?

Obama has been making a big noise that he's "not taking any money from lobbyists." Nor is he using PAC money.

But, is this true?

According to the Boston Globe, it's not.

A Globe review of Obama's campaign finance records shows that he collected hundreds of thousands of dollars from lobbyists and PACs as a state legislator in Illinois, a US senator, and a presidential aspirant.

In Obama's eight years in the Illinois Senate, from 1996 to 2004, almost two-thirds of the money he raised for his campaigns -- $296,000 of $461,000 -- came from PACs, corporate contributions, or unions, according to Illinois Board of Elections records. He tapped financial services firms, real estate developers, healthcare providers, oil companies, and many other corporate interests, the records show.

8% of Obama's campaign money comes from PACs. Hillary had only 4%.

In fact, he has his own PAC, Hopefund, which took in contributions from other PACs to the tune of $115,000 in the '05/'06 election cycle. These contributions included those from "defense contractors, law firms, and the securities and insurance industries."

So, what was that about no lobbyist or PAC money?

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