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Title: Obama incorporated; Is our man of the people already too beholden to the fat cats?
Source: Chicago Sun-Times
URL Source: [None]
Published: May 7, 2007
Author: Joshua Frank
Post Date: 2008-05-10 15:28:41 by Jethro Tull
Keywords: None
Views: 1598
Comments: 48

Obama incorporated; Is our man of the people already too beholden to the fat cats?

From:
Chicago Sun-Times
Date:
May 7, 2007
Author:
Joshua Frank
More results for:
obama and the establishment

One cannot scale the ranks of the Democratic establishment without selling out to Washington insiders, and presidential aspirant Barack Obama is adept at playing the game. Since announcing his candidacy in February, Obama has raised millions of dollars from corporate fat-cats and multinational corporations. While the young candidate has leaned heavily on law firms to which he has professional connections, he's also not been afraid to dip into the trough of Big Business. And it's a sure sign Obama is a real contender for his party's nomination.

When Howard Dean's campaign began to gain momentum in the 2004 elections, the former Vermont governor had not flipped through his party's corporate black book, and instead relied heavily on the grass roots to provide fuel for his presidential bid. The party's elite, nervous and unsure that Dean could be one of them, quietly sacked Dean because he had not accepted the way business is done in Washington.

NEARLY $160,000 FROM EXELON

Insiders were brought on at safe distance from John Kerry's campaign, and a group, founded by Democratic fund-raiser David Jones, ran vile ads attacking Dean during the Iowa caucus. Moderate Demo-crats labeled Dean a radical despite his conservative tenure in Vermont. John Edwards called him unelectable. The Democratic Leadership Council was against him. Soon Dean was crushed at the polls and never recovered after his screaming speech following the disaster in Iowa. The Deaniacs' hopes were crushed. And it now seems Obama has vowed not to make the same mistake.

There's no question that industry loves Barack. As of March 31, UBS, the second-largest bank in Europe, has given more than $165,000 to his campaign. The Exelon corporation, the nation's largest nuclear plant operator, has donated almost $160,000. The investment Goliath, Goldman Sachs, has fattened the pockets of Barack Inc. with more than $143,000. Citigroup has given well over $50,000, with Morgan Stanley close behind at $40,000. Wall Street has Obama's back.

Kirkland & Ellis, the conservative law firm that worked for the Democrats to limit ballot access of Ralph Nader's campaign in 2004, also digs Obama, and has given his campaign more than $70,000. That's a lot of money to be tossing around so early in the campaign season. But the firm that represents GM and tobacco giant Brown & Williamson has plenty of cash to spare. They know Obama has a good chance at winning the nomination -- if not this cycle, perhaps one down the road.

CHAMPION OF 'GREEN' TECHNOLOGY

In the meantime, Obama's voice as a leading Democrat in the Senate grows more influential by the day. They know they'll get their money's worth in the long run.

The Obama campaign insists the funds he is raising won't influence his positions, politically or otherwise. They assure us Barack is untouchable. But whom are they trying to kid? Frankly, big donors aren't accustomed to handing out hundreds of thousands of dollars without any kickbacks. They don't write checks out of goodwill; they do it because they in turn profit.

Thanks in no part to Exelon, I'm sure, Obama has championed nuclear power as a "green" technology. Through his elaborate fund- raising channels Obama has also formed a close relationship with Skadden, Arps, one of the largest corporate law firms in the country and one of the largest contributors to the Democratic Party.

Skadden, Arps was the legal team hired by David Jones to help derail Howard Dean. They also were a top contributor to Kerry's campaign in 2004.

Like the rest of his deep-pocketed friends, they know Barack Obama has solidified himself as another corporate candidate.

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Begin Trace Mode for Comment # 14.

#1. To: Jethro Tull (#0)

Campaign finance reform, my ass bump

Lod  posted on  2008-05-10   15:33:05 ET  Reply   Untrace   Trace   Private Reply  


#2. To: lodwick (#1)

Like the rest of his deep-pocketed friends, they know Barack Obama has solidified himself as another corporate candidate.

Kinda says it all.

Nobody moves up the political ladder w/o being part of the problem.

Jethro Tull  posted on  2008-05-10   15:37:54 ET  Reply   Untrace   Trace   Private Reply  


#9. To: Jethro Tull (#2)

"Nobody moves up the political ladder w/o being part of the problem."

Including Congressman Ron Paul?

Ferret Mike  posted on  2008-05-11   23:53:27 ET  Reply   Untrace   Trace   Private Reply  


#10. To: Ferret Mike (#9)

Including Congressman Ron Paul?

you mean Dr. No?

christine  posted on  2008-05-11   23:55:39 ET  Reply   Untrace   Trace   Private Reply  


#12. To: christine (#10)

My point is that such absolutist statements by people like JT create a lose lose situation.

Yes, there is a problem with many of those holding positions in government, but is the solution not trying to establish working relationships with the best ones you can get in and work to challenge them to actually do the job they are supposed to do?

I don't think so. Many feel the same way many of you do about Barack Obama about Dr. Paul. They felt that way about Wayne Morse who ran for president in 1960 and would of made an extremely principled and great POTUS.

I admire much of the sentiment of people like JT, but experience has taught me that challenging the problem of selection of those who run is best handled with several sets of tactics some of which are long term and time intensive.

I am going by gut instincts who is the most likely one to be a John Kennedy and refuse the will of the shadow government, even though they damn sure have had it been made clear to them the risks of doing so.

Sometimes tactics for change on the short term done in conjunction with long term tactics can seem discouraging, frustrating and useless; but not doing anything and apathetically abandoning the democratic process and withdrawing completely in a jaded fashion can be worse then challenging the best of those who get to the point of the selection process for a new POTUS.

Ferret Mike  posted on  2008-05-12   0:07:56 ET  Reply   Untrace   Trace   Private Reply  


#14. To: Ferret Mike (#12)

i think we're so far beyond any John Kennedy type POTUS...i mean, where did it get him? assassinated by the PTB. Ron Paul was my last mustard seed of hope, but i can understand you're not being ready to go there yet. what bothers me the most about it though is that, imo, you and the others who will vote for one who has been created/selected for us, is that you're endorsing the two party fraud, in essence asking them to give us more, more, more.

i just wonder when will it be that we'll in great mass say enough. probably never because there are too many citizens beholding to government welfare in one form or another.

christine  posted on  2008-05-12   0:26:23 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 14.

#47. To: christine (#14)

when will it be that we'll in great mass say enough

The economy is a factor that is teetering on the edge. Welfare comes to a screeching halt when there's no goods.

angle  posted on  2008-05-12 08:03:28 ET  Reply   Untrace   Trace   Private Reply  


End Trace Mode for Comment # 14.

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