How did Obama finance his presidential campaign?
Posted on March 2nd, 2010 by admin
I know he opted out of the federal funding for presidential campaigns but how did lobbyists and PAC help him out or play a role in his campaign. I don’t understand why he made the decision to finance his campaign the way he did or what the significance of him doing so was. How was everything paid for?
You’d be surprised.
March 2nd, 2010 at 12:20 pm
ACORN
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March 2nd, 2010 at 12:57 pm
goldman (ball) sacks bought him they paid for everything
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March 2nd, 2010 at 1:35 pm
He had more individual donors than ANY candidate in history.
I gave the maximum allowed.
mm–Acorn doesn’t fund campaigns.
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March 2nd, 2010 at 1:53 pm
George Soros raised and donated $300 million.
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March 2nd, 2010 at 2:01 pm
You’d be surprised.
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http://query.nictusa.com/cgi-bin/can_detail/P80003338/
http://www.fec.gov/
March 2nd, 2010 at 2:24 pm
If a candidate accepts federal matching funds, then campaign spending is limited (about $10 million). By opting out, a candidate does not need to abide by the campaign limits (he can spend as much as he or she can afford). Obama raised over $700 million in campaign funds (compared to McCain’s $350 million) – obviously well over the federal funding limits if he opted in. Obama raised over 3 times as much as McCain in individual contributions and both raised about the same in PAC money. You might want to check out opensecrets.org for more info.
And as for Soros…individual contributors can only give $2,500…while Soros might have raised a nice chunk of change, anyone who thinks it was over say $25 million is probably an idiot or biased.
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March 2nd, 2010 at 3:07 pm
There are many like questions floating around, including
those about the millions in donations from over seas.
There were also allegations of credit card fraud on a
massive scale.
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