Friday, June 06, 2008

Obama - Give back the Liberal Interest Money...

At least until he realizes that the party is about $15 million short in paying for their own convention!!

The party is having all sorts of difficulties in raising the required $40.6 million and has, in fact, missed two deadlines already!

Mind you, this is the party that wants to tax YOU MORE and believes that it knows how to SPEND YOUR money better than YOU DO!!

Democratic Party returns lobbyist, PAC money

Jun 6 07:11 PM US/Eastern
WASHINGTON (AP) - The Democratic National Committee, now operating under Barack Obama's fundraising rules, on Friday returned about $100,000 in money from lobbyists and political action committees.

The donations were already "in the pipeline" when Obama, the presumed Democratic presidential nominee, instituted the standards for the committee, a party official said.
Obama imposed the rules to avoid a conflict with his own ban on money from federal lobbyists and PACs. On Thursday he sent one of his top strategists to the DNC to help with its general election operation.

Republican John McCain does accept money from lobbyists and PACs as does the Republican National Committee and other party committees. Obama's ban does not apply to the Democratic Congressional Campaign Committee nor to the Democratic Senatorial Campaign Committee.

Obama does accept money from lobbyists who do not do business with the federal government and he also accepts money from spouses and family members of lobbyists. And the DNC ban is also not retroactive, which means the DNC will keep lobbyist and PAC contributions it received earlier in the election cycle.

According to its latest report with the Federal Election Commission, the DNC had raised $2 million from PACs in the past 16 months. And according to the nonpartisan Center for Responsive Politics, the DNC raised a mere $53,360 from executives or associates in lobbying firms so far this election cycle. That total, however, includes employees of lobbying firms who are not registered lobbyists.

The DNC has lagged behind the RNC in fundraising. On Thursday, the McCain campaign announced it had raised $21.5 million in May and the RNC said it had collected nearly $24 million. The DNC raised almost $5 million during the month. The Obama camp, which has been raising at a clip of $1 million a day or better, has not announced its May totals.

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