Barack Obama has long decried the corrupting influence of money in politics. As a candidate, he ran against lobbyists and the pay-for-play culture of Washington. As president, he has continued to hammer the theme, most recently in his impassioned attacks on the Supreme Court’s ruling in Citizens United v Federal Election Commission.
Given this, it’s a little surprising to learn that Obama has not only embraced the sordid money-driven culture of DC, but actually outdone his predecessors. An analysis by the American Foreign Service Association, for example, found that Obama has stuffed the diplomatic corps with more political appointees (i.e., cronies) than any president in the past 40 years. Only a year into the administration, close of half of the president’s biggest donors already have federal jobs.
Below is a list of Obama campaign bundlers and the taxpayer-funded positions they’ve received:
The Big Changers’ Club ($500,000+)
Avant, Nicole (Los Angeles, CA)
Position: Ambassador to the Bahamas
Barzun, Matthew (Louisville, KY)
Position: Ambassador to Sweden
Showing posts with label pay-to-play. Show all posts
Showing posts with label pay-to-play. Show all posts
Wednesday, February 17, 2010
Wednesday, March 18, 2009
Did AIG engage in pay-to-play scheme with Obama
"Senator Barack Obama received a $101,332 bonus from American International Group in the form of political contributions according to Opensecrets.org. The two biggest Congressional recipients of bonuses from the A.I.G. are - Senators Chris Dodd and Senator Barack Obama.
The A.I.G. Financial Products affiliate of A.I.G. gave out $136,928, the most of any AIG affiliate, in the 2008 cycle. I would note that A.I.G.’s financial products division is the unit that wrote trillions of dollars’ worth of credit-default swaps and "misjudged" the risk.
The Washington Post reports a "mob effect" at A.I.G financial products division:
A tidal wave of public outrage over bonus payments swamped American International Group yesterday. Hired guards stood watch outside the suburban Connecticut offices of AIG Financial Products, the division whose exotic derivatives brought the insurance giant to the brink of collapse last year. Inside, death threats and angry letters flooded e-mail inboxes. Irate callers lit up the phone lines. Senior managers submitted their resignations. Some employees didn't show up at all.
With the anger and rage that is being exhibited against A.I.G., perhaps the bonuses Obama received from A.I.G. explain Obama's A.I.G crocodile tears."
http://www.examiner.com/x-268-Right-Side-Politics-Examiner~y2009m3d17-Obama-Received-a-101332-Bonus-from-AIG
The A.I.G. Financial Products affiliate of A.I.G. gave out $136,928, the most of any AIG affiliate, in the 2008 cycle. I would note that A.I.G.’s financial products division is the unit that wrote trillions of dollars’ worth of credit-default swaps and "misjudged" the risk.
The Washington Post reports a "mob effect" at A.I.G financial products division:
A tidal wave of public outrage over bonus payments swamped American International Group yesterday. Hired guards stood watch outside the suburban Connecticut offices of AIG Financial Products, the division whose exotic derivatives brought the insurance giant to the brink of collapse last year. Inside, death threats and angry letters flooded e-mail inboxes. Irate callers lit up the phone lines. Senior managers submitted their resignations. Some employees didn't show up at all.
With the anger and rage that is being exhibited against A.I.G., perhaps the bonuses Obama received from A.I.G. explain Obama's A.I.G crocodile tears."
http://www.examiner.com/x-268-Right-Side-Politics-Examiner~y2009m3d17-Obama-Received-a-101332-Bonus-from-AIG
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