Obama’s Change of Heart
The President may be getting nervous about November. In a change of direction for his campaign, Obama is no longer decrying outside influences and the horrors of super-pac funding. He is fully embracing it. Despite previous complaints about outside corporate influence and campaign finance laws, Obama is now opening the doors and begging supporters to fund super-pacs that support him, and can also take unlimited corporate donations.
Obama had tried to appear saintly in 2008 when he went back on a campaign promise and decided to not accept public funds for his campaign. Instead he relied on small donations that require far less tracking and reporting. The result though was that many donations came from potentially illegal sources.
This time around, Obama is hoping that his supporters will funnel funds to his super-pacs. He has good reason to bet on corporate financing. Obama has bailed out several companies, catered to unions, and funneled public funds to private companies like Solyndra. In the case of Solyndra, Obama had the federal loan reworked so that when the company went under, his supporter got his money back and the taxpayers were left holding the bag. After three years of crony capitalism, Obama is ready to call in the favors.
Filed under: President Obama | Tagged: 2012, Barack Obama, corporate donations, illegal, obama, obama accepts corporate influence, public funding, solyndra, Super Pac, unions, whitehouse 2012, whitehouse12.com |