Obama's Weak Claim About McCain's Lobbyist Money




You've got to love it when the Messiah speaks falsehoods and uses them as an excuse to not keep his word. Check out the following analysis from Fact Check and Patrick Ruffini.

Obama says McCain is "fueled" by money from lobbyists and PACs, but those sources account for less than 1.7 percent of McCain's money.

Obama announced he would become the first presidential candidate since 1972 to rely totally on private donations for his general election campaign, opting out of the system of public financing and spending limits that was put in place after the Watergate scandal.

One reason, he said, is that "John McCain’s campaign and the Republican National Committee are fueled by contributions from Washington lobbyists and special interest PACs."

We find that to be a large exaggeration and a lame excuse. In fact, donations from PACs and lobbyists make up less than 1.7 percent of McCain's total receipts, and they account for only about 1.1 percent of the RNC's receipts.

Check out who's been donating to the Messiah. Via Ruffini

According to OpenSecrets.org, just 1% of John McCain's contributions -- a whopping $960,990 -- came from PACs. Over $88 million came from individuals.
legend Individual contributions $88,221,824 91%
legend PAC contributions $960,990 1%

And lobbyists? $655,576.

$250 Million Barack is opting out of public financing because John McCain has raised $1.6 million -- less than 2% of his campaign -- from lobbyists and PACs.

Obama used the same Big Lie against Hillary, though she raised $1.25 million from PACs, or about 0.6% of her fundraising. Lobbyists were not in her top 20 industries, according to Open Secrets.

Now, I know that lobbyists are supposed to be the source of all our problems. But lobbyists are ultimately hired guns -- hired and paid for by big corporations. So, is Obama turning down money from executives at big corporations and other special interests? Not hardly. These are the top employers of Obama contributors:

Goldman Sachs $571,330
University of California $437,236
UBS AG $364,806
JPMorgan Chase & Co $362,207
Citigroup Inc $358,054
National Amusements Inc $320,750
Lehman Brothers $318,647
Google Inc $309,514
Harvard University $309,025
Sidley Austin LLP $294,245
Skadden, Arps et al $270,013
Time Warner $262,677
Morgan Stanley $259,876
Jones Day $250,725
Exelon Corp $236,211
University of Chicago $218,857
Wilmerhale LLP $218,680
Latham & Watkins $218,615
Microsoft Corp $209,242
Stanford University $195,262


If this Presidential candidate thing doesn't work out, maybe Senator Obama can start a new career in stand up comedy? Being able to say what he did today with a straight face, is pretty impressive no?

Hat Tip: Hot Air


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