Obama's speech just before his fundraiser

[bellasgrams]

On Monday, the Obama campaign responded to Hillary unveiling a comprehensive plan to deal with the housing crisis by attacking her for taking contributions connected to subprime lenders. Campaign manager David Plouffe said: "If we're really going to crack down on the practices that caused the credit and housing crises, we're going to need a leader who doesn't owe those industries any favors."

As it turns out, those were just words... Today, Senator Obama gives an economy speech followed by a fundraiser at - you guessed it - one of the top 10 issuers of subprime loans in America, Credit Suisse. In fact, Senator Obama has taken more money from the top 10 issuers of subprime loans than BOTH Senator Clinton and Senator McCain cq.com.

- Obama has taken $1,180,103 from the top issuers of subprime loans. cq.com
- Obama received $266,907 from Lehman. Cq.com
- Obama received $5395 from GMAC. Cq.com
- Obama received $150,850 from Credit Suisse First Boston. Cq.com
- Obama received $11,250 from Countrywide. Cq.com
- Obama received $9052 from Washington Mutual. Cq.com
- Obama received $161,850 from Citigroup. Cq.com
- Obama received $4600 from CBASS. Cq.com
- Obama received $170,050 from Morgan Stanley. Cq.com
- Obama received $1150 from Centex. Cq.com
- Obama received $351,900 from Goldman Sachs. Cq.com

[anonymous171]

1. This from Hillaryhub?

[bigtree]

12. link

http://www.hillaryclinton.com/news/release/view/?id=6786

[Drachasor]

23. Looks like the Hillaryhub thing from a few days ago -- now Clinton is quoting it

[bigtree]

41. It's on the main page of the Clinton site today. It's part of a response they gave

to Obama's economic address. I sure you believe that EVERYTHING from your campaign or your candidate is unquestionable and infallible. Deal with the substance. It's much more credible to deal with something the campaign has offered than dealing with some outside instigator in the press. I really don't understand the problem. Media sources have their own bias as well. At least this is something that the campaign can be held to account for.

[Drachasor]

45. They are crying over individual contributions. Those people aren't "Big Lender"

This attack is ridiculous. Is Obama supposed to apologize for attacking far more individual contributions than Hillary or McCain could ever dream of? What business these small donors work for is a side issue.

[JKaiser]

2. WOW! I AM SHOCKED. THANKS for post!

[Kittycat]

9. Shocked at what?

That hundreds of thousands of people have donated to Obama's Campaign, and they *gasp* work - thus requiring them to post their employer's name when they donate?

[mrreowwr_kittty]

3. Just so you know, companies can't donate to candidates.

Those figures are comprised of individual contributors. You have no idea how much is executives donating the max amount or secretaries giving $100 online. You have to disclose your employer when you give a political contribution.

[tammywammy]

4. And when I donate

I'm funneling money from the foreign car industry to him, since I work at a VW dealership. LOL

[Connie_Corleone]

13. The Insurance industry money is funneled thru me.

[Kittycat]

16. I'm in the dirtiest business of all...

Cloth Diapers :rofl:
(and other green/natural products)

[JimGinPA]

5. Don't Confuse The Haters With Facts

:rofl:

[Kittycat]

8. I can't believe the idiots that fall for that hillhub crap.

Obama doesn't take PAC funds,and corporations can't donate.

Too all the ones out there that have no idea how donations work...
When you donate to your candidate, you're required to list your employer. When you do so, your funds get lumped together and appear just as the OP has posted - like a big fund from a segment of the business community. When in fact, at least in Obama's case... It's a private donation by one of the more than 1M donors he has.

[olkaz]

6. Source this

Where is this from?

[tammywammy]

7. If you're posting information from a source you should put in the link

That way everyone will know you got it from Hillary Hub.

[bigtree]

11. here are some

Obama Finance Chair Linked To Subprime Industry
http://www.huffingtonpost.com/2008/02/28/obama-finance-chair-linke_n_88884.html

Obama receives over $1 million from sub-prime lending industry
http://64.233.167.104/search?q=cache:Ff-Z97K8jVgJ:www.communityinvestmentnetwork.org/nc/single-news-item/lexis-single-news-item/article/fact-check-sen-obama-accepts-over-1-million-from-subprime-lending-industry/%3Ftx_ttnews%255BbackPid%255D%3D1684%26cHash%3D15642c8374%26type%3D123+obama+sub+prime+contributions&hl=en&ct=clnk&cd=4&gl=us&client=firefox-a

Subprime Obama
http://www.thenation.com/doc/20080211/fraser

Obama’s Sub-Prime Conflict
http://www.commondreams.org/archive/2008/02/28/7340/

[Kittycat]

14. Those are individual contributions.

But you already knew that.

[tammywammy]

17. I know that you know those are from individual people, not the company

When I donate money, it doesn't mean it's coming from the foreign automobile industry.

And I already knew it came from Hillary Hub because it's already been posted here before. That doesn't negate the fact that the OP needs to provide a link.

[bigtree]

20. Those don't represent the full extent of his conflict

Only Obama has not called for a moratorium and interest-rate freeze. Though he has been a proponent of mortgage fraud legislation in the Senate, he has remained silent on further financial regulations. And much like his broader economic stimulus package, Obama's foreclosure plan mostly avoids direct government spending in favor of a tax credit for homeowners, which amounts to about $500 on average, beyond which only certain borrowers would be eligible for help from an additional fund.

Obama's disappointing foreclosure plan stems from the centrist politics of his three chief economic advisers and his campaign's ties to Wall Street institutions opposed to increased financial regulation. David Cutler and Jeffrey Liebman are both Harvard economists who served in the Clinton Administration, and they work on market-oriented solutions to social welfare issues. Cutler advocates improving healthcare through financial incentives; Liebman, the partial privatization of Social Security.

Austan Goolsbee, an economist at the University of Chicago who calls himself a "centrist market economist," has been most directly involved with crafting Obama's subprime agenda. In a column last March in the New York Times, Goolsbee disputed whether "subprime lending was the leading cause of foreclosure problems," touted its benefits for credit-poor minority borrowers and warned that "regulators should be mindful of the potential downside in tightening too much." In October, no less a conservative luminary than George Will devoted a whole column in the Washington Post to saluting Goolsbee's "nuanced understanding" of traditional Democratic issues like globalization and income inequality and concluded that he "seems to be the sort of fellow--amiable, empirical, and reasonable--you would want at the elbow of a Democratic president, if such there must be."

Robert Pollin, an economist at the University of Massachussets, believes "these three advisers generally reflect Obama's very moderate economic program, similar to Clintonism." Wall Street apparently has come to a similar conclusion. Obama had received nearly $10 million in contributions from the finance, insurance and real estate sector through October, and he's second among presidential candidates of either party in money raised from commercial banks, trailing only Clinton. Goldman Sachs, which made $6 billion from devalued mortgage securities in the first nine months of 2007, is Obama's top contributor. When asked if Obama would hold these financial institutions accountable for losses incurred by homeowners and investors, his campaign refused to comment.

http://www.thenation.com/doc/20080211/fraser

[tammywammy]

25. So my parents shouldn't donate money because

They work for Lockheed and are therefore evil military industrialists? The janitor at Goldman Sachs shouldn't donate money?

This money came from people who work at these companies. How much of it came from secretaries, or janitors, or low level employees? How much came from CEOs, presidents and VPs?

[bigtree]

33. I think that defense corps are out of control. But they have every right to support candidates

. . . who support their company's interests. That may not be their main concern, but I'd bet that if you worked at General Dynamics, for example, and a candidate promised to stop production on an income-enabling submarine, you'd be more likely to vote against that candidate.

That's the reasoning behind highlighting these donations from these sub-prime lending group 'employees'. If Obama actually threatened their interests, they likely wouldn't support him with their dollars. That's something everyone can understand.

[tammywammy]

43. I'll be sure to let my parents know they shouldn't donate to dems

My mom donated over $1000 to Edwards and my dad donated around $500 to Obama.

[bigtree]

44. I don't think our candidates have threatened their industry.

[Drachasor]

28. A moratorium and interest-rate freeze would hurt the economy

Anyone desiring a new loan would be massively affected, and overall the industry would be tremendously hurt. Just try to find an economist who favors Clinton's plan.

[tammywammy]

30. Agreed

[stillcool]

10. uh-oh I dontated to Obama..

and I work for my husband's business. He donated too. Are we in trouble from Hillary?

[msallied]

15. Ooh! Obama just got a bunch of money from Intel too!!

Since that's who my husband works for. LOL

[oviedodem]

18. *** IDEA *** the next 1000 donors to Obama should put Greenpeace as their employer. Have any of you

bothered to think that it is highly unlikely that the donor is getting his/her employment checked out?

Or maybe, that people donate AND put these names as the employer to smear the campaign?

[Kittycat]

21. Actually, that might be against the law or something

But regardless where the money is broken down to - the fact remains, Obama has well over 1M donors - but doesn't take PAC money. I would venture to say that EVERY industry appears to be supporting him, if you're lumping his donors like that.

[oviedodem]

26. It is sad how they continually distort this. You never hear about this on the news b/c

it is a non-story. It is almost like god forbid some secretary who works for a big corporation donates $10 bucks to hime because she believes in him.

[Kittycat]

34. That's how much

my last donation was. $50 here, $25 there - $10 when I skip a few luxuries like eating out or coffee. Drip.Drip.Drip. Over the course of time it adds up, but I can't afford to plunk it down and max out like some of the big HillDonors.

[mmonk]

19. I must be a real estate money funnel since I'm a Broker.

The problem of course is that home buyers and sellers pay me my living though. Of course they could be funneling corporate money to him through me I guess?

[Catherina]

22. ROFL! Do you guys at Hillary Hub understand how this works?

Those companies didn't cut Obama a check. Private citizens who donated their own hard-earned money to Obama just happen to work for those companies. The subtle nuance might get lost if your nerves are still rattled by sniper fire.

If I cut a $2,300 check to Obama today, you can twist it all you want to be a donation from my employer or my industry but that still won't make it so. That's my money.

You guys won't be happy until Obama gets $0 from everyone. Ain't gonna happen.

[Kittycat]

24. No. They have problems with Math. So one can only assume that they

also have problems understanding campaign finance law.

[Forkboy]

27. These people are stupid as fuck. No doubt about it.

[bigtree]

29. How much money came from folks in your company?

These stand out:

$351,900 from Goldman Sachs

$170,050 from Morgan Stanley

$150,850 from Credit Suisse First Boston

$266,907 from Lehman

Lots of Obama supporters there, apparently appreciating the care he takes with their industry.

[anonymous171]

31. Not everyone votes b/c of their industry.

Maybe those companies employ large amounts of "latte liberals."

[bigtree]

36. I'll bet that, if Obama threatened their industry and their income, they'd vote against that

[Kittycat]

40. Well, then it's a good thing that Obama talked all about his economic plans

Which in the end, will help us all prosper down the road... Sustainable growth.

[tammywammy]

32. I work at a company with less than 80 employees

And some aren't American citizens, therefore they cannot donate to the campaigns. It none of my fucking business how much a co-worker donates to political campaigns.

[bigtree]

35. You made the point

[tammywammy]

42. I know personally, because they told me

Not that I asked, that at least 10 people in my building have donated to a political campaign. 3 of them to a republican candidate and the rest were for Obama. I don't know the amount.

[Kittycat]

37. And with the average Obama supporter donation of $109...

What's your point? People make donations? Why yes, they do. And this is a historic race, where Obama is raising unimaginable amounts of money from more than 1M Unique Donors. Drip.Drip.Drip.

[Catherina]

46. See post 31. It's not about the care with people's industry

It's all about those Latte discounts they're sending us as a thank you.

Hillary received $440,300 from Goldman Sachs. Are you suffering from sour grapes some employees held out and said no coronation?
Hillary received $385,420 from Morgan Stanley. Are you upset some employees held out and said we care more about our country?
Hillary received $264,610 from Lehman. Are you mad she only got a little more than him and not all of their money?

What's the problem?

By the way, when using numbers from HillaryHub, you really should check them. The numbers you're using are old. I'm sorry donations are so bad that she had to cut back on the Reseach Department.

Google, Harvard and University of CA are in Obama's Top 10. Do you see a conspiracy there too? National Amusements Inc is number 5. They sound really shady. You should investigate, I think they make sexist Monster movies.

It's really too bad for Hillary that people from all walks of live, all colors, all religions and occupations are excited about Obama. Sucks for her, I agree. Be nice bigtree, buy her a Latte consolotation prize. Make it a double latte, it might calm down her nerves rattled from all that sniper fire.

[olkaz]

38. I work for a company that was involved in this crisis.

And I donated money.

So I am the problem?

[anonymous171]

39. First, Hope and Inspiration was bad. Then it was bad that he brought more people into the party.

Now it's bad that he's getting donations from people on every level of the economic chain. I think Hillary just jealous.