Obama biggest recipient of BP cash

[chr5648]

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.

Read more: http://www.politico.com/news/stories...#ixzz0n7D0FHp8

[ggirod]

Re: Obama biggest recipient of BP cash

From the cited article:

“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.”

Read more: http://www.politico.com/news/stories...#ixzz0n8z5sxkL

I hope that clarifies things a bit.

[Master Shake]

Re: Obama biggest recipient of BP cash

From the cited article:I hope that clarifies things a bit.

Yep. Who you gonna believe? The Obama spokesman or your own lying eyes?

[ggirod]

Re: Obama biggest recipient of BP cash

Yep. Who you gonna believe? The Obama spokesman or your own lying eyes?

I guess I will go with my own eyes but I will open them first. How about OpenSecrets.org?

Source of Funds

	Individual contributions	$656,357,572	88%
	PAC contributions	$1,830	0%
	Candidate self-financing	$0	0%
	Federal Funds	$0	0%
	Other	$88,626,223	12%

But, lest our open eyes fool us, that 89 million catch-all, even though it is only 12% of the total, looks kinda big so let's see what "other" means ... it is:

OTHER: All other revenues collected by the campaign, such as interest from the campaign's bank accounts and loans from outside sources. This figure is calculated by subtracting PAC, individual and candidate money from total revenues received. Negative numbers generally indicate an accounting error by the campaign.