CORRUPTION: Obama Shady Contributions, Big Media's Lack of Reporting it

Obama Shady Campaign Contributions:
Serious Questions Surround
Almost Half of Obama Contributions
Credit Card Chicanery, Foreign Donations



Mainstream Media Not Interested

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Back in May, Doug Ross made the discovery that Barack Obama was the only website that accepted foreign contributions without proof of US citizenship.

The Mainstream Press yawned.


"In May of this year I noted the fact that the Obama campaign ran the only website that permitted donations from foreign countries without any proof of citizenship."

The MSM is still yawning--when they take time out from digging through dumpsters looking for their next big break in the Joe the Plumber story.

Now, Ross is writing about the Obama campaign disabling safeguards so that even Osama bin Laden can make a credit card contribution to his favorite agent of 'Change!'.

From Doug Ross@Journal: The Obama Campaign's Massive Credit Card Scandal

You know how ACORN registered thousands of bogus voters like Mickey Mouse and Daffy Duck? ACORN's handlers at the Obama campaign seem to be accepting contributions from Mickey and Daffy too.

It turns out that the Obama campaign's crack team of fundraisers decided to turn off all security validation for credit-card donations. Want to enter the name Pedro Martinez when the credit-card belongs to Arnold Fizbin? Need to use the ZIP code 99999 when the card owner's ZIP is 02154? No problem! The Obama campaign doesn't care!

In order for this to occur, the "Address Verification System has to be specifically disabled to allow this fraud."

If this happened on the McCain-Palin08 website, a gaggle of reporters would descend on the story and the BREAKING! graphic would likely melt down on CNN from overuse--if one can image that.

Andrew McCarty, Ross notes, has estimated that almost half of Obama's contributions--nearly $200 million--have questions surrounding them. Where are the vetting agents of Big Media?

Well, yesterday they were writing about the Republican National Committee's budget for Sarah Palin's wardrobe.

Estimates ranged as high as--brace yourself--$150,000. We'll be the first to admit that reporters are not always the smartest people in the world, so perhaps the large numbers involved in the Obama contributions story have given them trouble.

The New York Times, TIME and Newsweek might consider hiring math tutors.

Ross ends up:

In summary: the five-year stock price of the New York Times

While the Times' CSI unit probes Joe the Plumber's health records and scrutinizes Sarah Palin's shoe bills, an election is well nigh being stolen right under their very eyes. Although this scandal is a doozy, the Times is silent about this flagrant abuse of election law.

Eleven days remain until the election... hundreds of millions of dollars in illegal and foreign donations appear to have flowed into Obama's coffers... and Manhattan's Pravda can't rustle up a story. Not to worry. I give them six months.

Don't let these criminals steal the election. Vote.

The dereliction of duty in the Mainstream Press in 2008 has been breath-taking.

For students of history, one of the only advantages to living through times of great corruption is being able to say later, "I was there."

One only has to determine which corruption is worse: the Obama campaign's contribution mechanisms or the silence in the toothless watchdog press.


by Mondo Frazier
image: Doug Ross@Journal; dbkp file

Obama, Dodd Received Nearly Quarter-Million From Freddie, Fannie

Received Nearly Half-Million Dollars
From Freddie Mac and Fannie Mae:
Dodd, Kerry, Obama, Clinton, Kanjorski



Dodd, Obama got nearly a quarter-million dollars from Freddie, Fannie


It's like sending the foxes to fix the hole in the chicken coop.

Senators Chris Dodd and Barack Obama, among others, have stepped up to "fix" the financial crisis, brought on in large part by the implosion of Freddie Mac and Fannie Mae. Dodd and Obama were two of the three largest recipients of Freddie-Fannie campaign contributions.


It's like sending the foxes to fix the hole in the chicken coop.

Senators Chris Dodd and Barack Obama, among others, have stepped up to "fix" the financial crisis, brought on in large part by the implosion of Freddie Mac and Fannie Mae. Dodd and Obama were two of the three largest recipients of Freddie-Fannie campaign contributions.




The Freddie-Fannie Five

1. Sen. Dodd, Christopher J (D-CT) - $133,900
2. Sen. Kerry, John (D-MA) -- $111,000
3. Sen. Obama, Barack (D-IL) - $105,849
4. Sen. Clinton, Hillary (D-NY) - $75,550
5. Rep. Kanjorski, Paul E (D-PA) - $65,500


The top five received nearly one-half million dollars from the FMx2. Dodd and Obama received almost a quarter million from the failed quasi-government agencies between the two of them.

From Open Secrets.org, "Fannie Mae and Freddie Mac Invest in Democrats":

(For an updated chart that includes contributions from Freddie Mac and Fannie Mae's PACs and employees to ALL lawmakers back to 1989, including to their leadership PACs, go here.) and data The federal government recently announced that it will come to the rescue of Freddie Mac and Fannie Mae, two embattled mortgage buyers that for years have pursued a lobbying strategy to get lawmakers on their side. Both companies have poured money into lobbying and campaign contributions to federal candidates, parties and committees as a general tactic, but they've also directed those contributions strategically. In the 2006 election cycle, Fannie Mae was giving 53 percent of its total $1.3 million in contributions to Republicans, who controlled Congress at that time. This cycle, with Democrats in control, they've reversed course, giving the party 56 percent of their total $1.1 million in contributions. Similarly, Freddie Mac has given 53 percent of its $555,700 in contributions to Democrats this cycle, compared to the 44 percent it gave during 2006.

Fannie Mae and Freddie Mac have also strategically given more contributions to lawmakers currently sitting on committees that primarily regulate their industry. Fifteen of the 25 lawmakers who have received the most from the two companies combined since the 1990 election sit on either the House Financial Services Committee; the Senate Banking, Housing & Urban Affairs Committee; or the Senate Finance Committee. The others have seats on the powerful Appropriations or Ways & Means committees, are members of the congressional leadership or have run for president. Sen. Chris Dodd (D-Conn.), chairman of the Senate banking committee, has received the most from Fannie and Freddie's PACs and employees ($133,900 since 1989). Rep. Paul Kanjorski (D-Pa.) has received $65,500. Kanjorski chairs the House Financial Services Subcommittee on Capital Markets, Insurance and Government-Sponsored Enterprises, and Freddie Mac and Fannie Mae are government-sponsored enterprises, or GSEs.

The airwaves yesterday were full of Barack Obama making statements and posturing on the crisis.

Nowhere in any of the Obama statements was any mention of his relationship with Freddie Mac or Fannie Mae.

The Obama campaign showed rare judgment in this decision.

Yesterday may not have been the right time to mention his failed benefactors.


by Mondo
image: thebidfloor