Posted on 10/11/2010 4:44:09 AM PDT by bestintxas
2008 presidential election........
The FEC breakdown of the Obama campaign has identified a staggering $222.7 million as coming from contributions of $200 or less. Only $39.6 million of that amount comes from donors the Obama campaign has identified.
It is the largest pool of unidentified money that has ever flooded into the U.S. election system, before or after the McCain-Feingold campaign finance reforms of 2002.
Biersack would not comment on whether the FEC was investigating the huge amount of cash that has come into Obama’s coffers with no public reporting.
But Massie Ritsch, a spokesman for CRP, a campaign-finance watchdog group, dismissed the scale of the unreported money.
“We feel comfortable that it isn’t the $20 donations that are corrupting a campaign,” he told Newsmax.
But those small donations have added up to more than $200 million, all of it from unknown and unreported donors.
Ritsch acknowledges that there is skepticism about all the unreported money, especially in the Obama campaign coffers.
“We and seven other watchdog groups asked both campaigns for more information on small donors,” he said. “The Obama campaign never responded,” whereas the McCain campaign “makes all its donor information, including the small donors, available online.”
The rise of the Internet as a campaign funding tool raises new questions about the adequacy of FEC requirements on disclosure. In pre-Internet fundraising, almost all political donations, even small ones, were made by bank check, leaving a paper trail and limiting the amount of fraud.
But credit cards used to make donations on the Internet have allowed for far more abuse.
“While FEC practice is to do a post-election review of all presidential campaigns, given their sluggish metabolism, results can take three or four years,” said Ken Boehm, the chairman of the conservative National Legal and Policy Center.
Already, the FEC has noted unusual patterns in Obama campaign donations among donors who have been disclosed because they have gone beyond the $200 minimum.
(To continue reading this article and the information on foreign donations, click here: http://www.newsmax.com/timmerman/Obama_fundraising_illegal/2008/09/29/135718.html )
...strangely enough the link to newmax no longer works
The only thing they can do is screw up and blame and repeat.
Leftists have to have their devils. Now it’s the Chamber of Commerce. You have to conclude that Obama is anti-capitalist and anti-business. All economic activity must be controlled by the federal government.
Sounds like the nobama administration is accusing the Chamber of Commerce of using “foreign” money to defeat the democrats just as nobama and his campaign managers used foreign money to win the presidency.
Also, there were a large number of anonymous credit card donations that were just below the threshold requiring the donors to reveal their names.
Obama needs to be impeached, tried for treason and brought to justice.
“accusations that the GOP strategists and the Chamber of Commerce were using foreign contributions to influence the election”
He who smelt it, dealt it.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.