February 2012
Posted by: Research
OBAMA COLLECTS MILLIONS FROM SCANDAL PLAGUED BUNDLERS
Jon Corzine
New York Post: “Obama’s ‘Bundled’ Up With Corzine.” (Carl Campanile, “Obama’s ‘Bundled’ Up With Corzine,” New York Post, 2/1/12)
Jon Corzine Is Still Listed As Bundling Over $500,000 For Obama’s Reelection Campaign. (“Obama For America And Obama Victory Fund 2012 Volunteer Fundraisers,” Obama For America, Accessed 1/31/12)
Solyndra
Two Of Obama’s Bundlers Are Linked To The Solyndra Scandal – Steven Spiner And Steve Westley. “The list also includes two bundlers linked to Solyndra, the controversial solar company that received a $528 million federal loan and later declared bankruptcy — Steven Spiner and Steve Westley. The White House decision to approve the loan triggered a congressional probe on whether the deal smacked of political favoritism.” (Carl Campanile, “Obama’s ‘Bundled’ Up With Corzine,” New York Post, 2/1/12)
AND EVEN MORE FROM INFLUENCE SEEKERS
Obama Skirts His Own Rules Concerning Federal Lobbyists
Obama Is Ignoring His Pledge To Not Take Money From Lobbyists, Raising Millions From “Prominent Supporters Who Are Active In The Lobbying Industry.” “Despite a pledge not to take money from lobbyists, President Obama has relied on prominent supporters who are active in the lobbying industry to raise millions of dollars for his re-election bid.” (Eric Lichtblau, “Obama Backers Tied To Lobbies Raise Millions,” The New York Times, 10/27/11)
“Though Obama Rejects Contributions From Lobbyists, His Top Fundraisers Include Individuals Involved In The Business Of Influencing Government.” (“Obama Bundlers Include Advisers On Solyndra, Corzine, Eva Longoria,” The Associated Press, 2/1/12)
Former Rep. Ron Klein (D-FL) “Is Not A Registered Lobbyist But Is A Member Of The Public Policy And Regulation Group At Holland & Knight.” “Ex-New Jersey Gov. Jon Corzine, a former Senator who has been under fire for the collapse of his brokerage and commodities firm MF Global; former Rep. Ron Klein (D-Fla.), who is not a registered lobbyist but is a member of the public policy and regulation group at Holland & Knight; and ex-Rep. Patrick Kennedy (D-R.I.) are listed as top bundlers for the president. The president returned Corzine’s personal campaign contributions, according to numerous news reports.” (Kate Ackley, “Corzine, Klein, And Kennedy Among Obama’s Bundlers,” Roll Call, 1/31/12)
Despite Lobbyist Ban, Prominent Washington Attorneys “Make The Cut” To Bundle And Donate To Obama. “Though the president’s campaign does not permit lobbyists to donate or bundle, prominent Washington attorneys, such as Winston & Strawn partner Tim Broas, do make the cut.” (Kate Ackley, “Corzine, Klein, And Kennedy Among Obama’s Bundlers,” Roll Call, 1/31/12)
And Rakes In Money Bundled By Lobbyists And Influence Seekers At The State level
David Kenney Of Denver, CO Has Bundled Between $200,000 And $500,000 For Obama’s Re-Election Campaign. (“Obama For America And Obama Victory Fund 2012 Volunteer Fundraisers,” Obama For America, Accessed 1/31/12)
Alex Heckler Of Miami, FL Has Bundled Between $200,000 And $500,000 For Obama’s Re-Election Campaign. (“Obama For America And Obama Victory Fund 2012 Volunteer Fundraisers,” Obama For America, Accessed 1/31/12)
Justin Day Of Tampa, FL Has Bundled Between $200,000 And $500,000 For Obama’s Re-Election Campaign. (“Obama For America And Obama Victory Fund 2012 Volunteer Fundraisers,” Obama For America, Accessed 1/31/12)
Bundlers With Companies Vying For Federal Contracts Are Fair Game For Obama
30 Obama Bundlers “Have Ties To Companies That Conduct Business With Federal Agencies Or Hope To Do So In The Future.” “A recent iWatch News report found that at least 68 of 350 Obama bundlers for the 2012 election or their spouses have served in the administration in some form; at least 250 of the bundlers visited the White House, and another 30 have ties to companies that conduct business with federal agencies or hope to do so in the future.” (Aaron Mehta, Fred Schulte And Elizabeth Lucas, “Obama's Bundler Total Exceeds $74 Million,” iWatch, 1/31/12)
Thomas Carnahan Increased His Bundling Total Last Quarter; His Company, Lost Creek Wind Farm, Received $107 Million In Stimulus Money. “Among the donors who stepped up their giving this cycle: Thomas Caranahan, a member of the prominent Missouri political family and the founder of the Lost Creek Wind Farm in DeKalb County, Mo. Lost Creek was awarded $107 million in stimulus funding in July 2010. Carnahan corralled at least $100,000 for the 2008 campaign and in the third-quarter disclosure was listed at the $200,000 to $500,000 level for the campaign; in the new filing, he is listed at the $500,000-plus level.” (Aaron Mehta, Fred Schulte And Elizabeth Lucas, “Obama's Bundler Total Exceeds $74 Million,” iWatch, 1/31/12)
OBAMA PUTS HIS BUNDLERS INTO POLICY-MAKING POSITIONS
“Dozens Of Obama’s Elite Donors — Many Of Them Wealthy Business Figures — Have Been Appointed To Advisory Panels And Commissions That Can Play A Role In Setting Government Policy.” (Fred Schulte And Aaron Mehta, “Obama Rainmakers Enjoy White House Invites, Appointments And Contracts,” iWatch News, 1/23/12)
Glenn Gerstell Has Bundled At Least $50,000 For Obama’s Reelection Campaign And Was First Listed A Bundler On Obama’s Fourth Quarter Bundler List. (“Obama For America And Obama Victory Fund 2012 Volunteer Fundraisers,” Obama For America, Accessed 1/31/12)
Judy Wise Has Bundled At Least $50,000 For Obama’s Reelection Campaign And Was First Listed A Bundler On Obama’s Fourth Quarter Bundler List. (“Obama For America And Obama Victory Fund 2012 Volunteer Fundraisers,” Obama For America, Accessed 1/31/12)
Richard Binder Has Bundled At Least $50,000 For Obama’s Reelection Campaign And Was First Listed A Bundler On Obama’s Fourth Quarter Bundler List. (“Obama For America And Obama Victory Fund 2012 Volunteer Fundraisers,” Obama For America, Accessed 1/31/12)
Keith Harper Has Bundled At Least $50,000 For Obama’s Reelection Campaign And Was First Listed A Bundler On Obama’s Fourth Quarter Bundler List. (“Obama For America And Obama Victory Fund 2012 Volunteer Fundraisers,” Obama For America, Accessed 1/31/12)
ALL OF WHICH PROVE OBAMA’S CAMPAIGN ISN’T AS SMALL-DONOR-DRIVEN AS HE’D LIKE EVERYONE TO BELIEVE
“Contrary To The Popular Image, Of A Campaign Fueled Organically By Small Donors,” Obama’s Campaign “Is A Big-Budget Affair.” “Contrary to the popular image of a campaign fueled organically by small donors flocking to a website, the Obama operation is a big-budget affair, investing millions up front to position itself to bring in hundreds of millions over the next year.” (Jonathan Weisman, “Inside The Obama Money Machine,” The Wall Street Journal, 11/18/11)
Obama’s Bundlers Have Raised At Least One Third Of His Total Contributions, Accounting For A Minimum Of $77.4 Million. “President Obama’s re-election team today voluntarily released the names of its top 445 financiers for the 2012 presidential campaign. Combined, these individuals are responsible for at least one third — or $74.4 million — of the total $220 million raised by Obama and Democrats so far.” (Devin Dwyer, Obama Team Releases Names Of 445 Top Campaign Financiers,” ABC News, 1/31/12)
“More Than 60 Bundlers Have Now Gathered Contributions Totaling At Least $500,000 For The President, A Sharp Contrast To The Campaign’s Claims Of Reliance On Small-Figure Donors.” (Aaron Mehta, Fred Schulte And Elizabeth Lucas, “Obama's Bundler Total Exceeds $74 Million,” iWatch, 1/31/12)