Thursday, March 8, 2012

Crony Capitalism Update for Today

Even the Obama-worshipping apologists at the Washington Post found this newsworthy:
Big donors considering whether to work the phones raising money for President Obama’s reelection campaign might consider the fate of his 2008 bundlers. Many of them, it turns out, won plum jobs in his administration.
Obama campaigned on what he called “the most sweeping ethics reform in history” and has frequently criticized the role of money in politics. That hasn’t stopped him from offering government jobs to some of his biggest bundlers, volunteer fundraisers who gather political contributions from other rich donors.
More than half of Obama’s 47 biggest fundraisers, those who collected at least $500,000 for his campaign, have been given administration jobs. Nine more have been appointed to presidential boards and committees.
Let's not forget that Obama has taken in more cash from Wall Street fat cats, a.k.a. the 1%, than any political candidate in history.


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