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Title: Obama's Pick for Chief of Staff Tops Recipients of Wall Street Money
Source: Open Secrets
URL Source: http://www.opensecrets.org/news/200 ... s-pick-for-chief-of-staff.html
Published: Nov 5, 2008
Author: Lindsay Renick Mayer
Post Date: 2008-11-06 14:18:41 by bluegrass
Ping List: *Tracking Comrade Obama*     Subscribe to *Tracking Comrade Obama*
Keywords: None
Views: 331
Comments: 30

A day after being elected president and acknowledging "the worst financial crisis in a century," Barack Obama asked one of the biggest recipients of Wall Street campaign contributions to be his chief of staff. Rep. Rahm Emanuel, the Illinois congressman who was an aide in the Clinton White House, was the top House recipient in the 2008 election cycle of contributions from hedge funds, private equity firms and the larger securities/investment industry--not the most popular of industries in the current economy. Since being elected to Congress in 2002, after working as an investment banker, Emanuel has received more money from individuals and PACs in the securities and investment business than any other industry.

Emanuel knows how to raise money for political campaigns, and there aren't many better places to find it than Wall Street. Fundraising was Emanuel's job for Bill Clinton's 1992 campaign, and in 2006 he helped Democrats collect enough cash to retake the House of Representatives when he was head of the Democratic Congressional Campaign Committee. For his 2008 re-election, Emanuel raised more than $2.7 million yet faced no serious opposition in his Chicago district. Since being elected to the House six years ago, he has collected $1.5 million from the investment industry , with lawyers and law firms and the entertainment industry coming in at a distant second and third place ($682,900 and $376,100).

As a member of the powerful House Ways & Means Committee--which has jurisdiction over tax legislation, Social Security, Medicare and other entitlement programs--Emanuel is a popular industry target. Private equity firm Madison Dearborn Partners has given Emanuel more than any other contributor over his career at $93,600. Emanuel and Obama have more than just Chicago in common; investment bank UBS, Goldman Sachs, JP Morgan Chase, Citigroup and Morgan Stanley are among both men's lists of top donors .

Emanuel, who is currently the No. 4 Democrat in the House, has also collected $136,640 from the lobbying industry during his career, making K Street his 13th most generous industry. Obama, on the other hand, eschewed contributions from registered lobbyists for the presidential race. Obama also refused contributions from PACs, an easy task when only about 1 percent of presidential contributions come from these committees. PACs have given Emanuel about 29 percent of his total since he was first elected to Congress in 2002.

During his time in Congress, Obama has collected $2,000 from Emanuel's leadership PAC, Our Common Values PAC, but hasn't received any money from his possible future chief of staff since 2004. Through his PAC, Emanuel has given other lawmakers and candidates 78 percent of the total $2.3 million he's raised since the 2004 election cycle.

Emanuel was an investment banker between the Clinton administration and his election to Congress and reported a net worth in 2007 of between $5 million and $13.2 million (lawmakers report their assets and liabilities in ranges). That would make him the 34th wealthiest member of the House. Subscribe to *Tracking Comrade Obama*

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#1. To: bluegrass (#0)

Emanuel was an investment banker between the Clinton administration and his election to Congress and reported a net worth in 2007 of between $5 million and $13.2 million

An investment banker with whom???????????????????

Lady X  posted on  2008-11-06   14:59:46 ET  Reply   Trace   Private Reply  


#2. To: Lady X (#1)

Emanuel was an investment banker between the Clinton administration and his election to Congress and reported a net worth in 2007 of between $5 million and $13.2 million

An investment banker with whom???????????????????

I'd bet a dollar to a dime the pos worked with goldman sachs.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams

Rotara  posted on  2008-11-06   15:01:45 ET  Reply   Trace   Private Reply  


#3. To: Lady X, Rotara (#1)

He was with a crew called Wasserstein Perella. He made a fortune.

Eff the Bankers

bluegrass  posted on  2008-11-06   15:03:04 ET  Reply   Trace   Private Reply  


#4. To: bluegrass (#0)

the silence from the obamabots is deafening....guess they're busy contorting.

christine  posted on  2008-11-06   15:06:40 ET  Reply   Trace   Private Reply  


#5. To: roughrider, christine, Pinguinite, angle, Lady X, Cynicom, Tauzero, aristeides, wbales, Ridinshotgun, DeaconBenjamin, Horse, Ada, HOUNDDAWG, wadosy, nikki, farmfriend, Jethro Tull, Dakmar, echo5sierra, scrapper2, noone222, Rotara, honway (#2)

From wiki:

"Bruce Wasserstein left the firm in 2002 to head investment bank Lazard."

en.wikipedia.org/wiki/Wasserstein_Perella

So we have a direct link from Obama to the Rothschilds via Rahm.

Eff the Bankers

bluegrass  posted on  2008-11-06   15:06:51 ET  Reply   Trace   Private Reply  


#6. To: christine (#4)

Pardon my crudity, but I think they're busy blowing each other on other sites.

Eff the Bankers

bluegrass  posted on  2008-11-06   15:07:37 ET  Reply   Trace   Private Reply  


#7. To: bluegrass (#3)

This Rahm Emanuel is a shocker.

AS a committed Zionist he worked for the Israeli Army in 1991.

During the 2006 Israeli bombing of Lebanon he urged Israel to disregard Lebanese civilian casualties by saying any loss of civilian life was inevitable.

He lined his pockets in a short stint doing investment banking amongst the dodgy bankers who have brought ruin to millions around the world. An inspection of political donors to Emanuel reveals all the usual suspects in the Jewish banking community such as Goldman Sachs etc.

My bad.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams

Rotara  posted on  2008-11-06   15:14:49 ET  Reply   Trace   Private Reply  


#8. To: bluegrass (#5)

The second Oboma wanders off the plantation they will ice him.

I bet they're showing him the JFK zapruder flick now..

Obuma may not be a descendent of slaves but damn if he ain't a slave for real now..

Lady X  posted on  2008-11-06   15:15:17 ET  Reply   Trace   Private Reply  


#9. To: christine (#4)

the silence from the obamabots is deafening....guess they're busy contorting.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams

Rotara  posted on  2008-11-06   15:15:55 ET  (1 image) Reply   Trace   Private Reply  


#10. To: ferret mike (#5)

So we have a direct link from Obama to the Rothschilds via Rahm.

Do you realize what this means ?

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams

Rotara  posted on  2008-11-06   15:16:46 ET  Reply   Trace   Private Reply  


#11. To: bluegrass (#6)

Pardon my crudity, but I think they're busy blowing each other on other sites.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams

Rotara  posted on  2008-11-06   15:18:05 ET  (1 image) Reply   Trace   Private Reply  


#12. To: Rotara (#7)

Wasserstein, Goldman Sachs, what's the diff? Money Powers all.

Eff the Bankers

bluegrass  posted on  2008-11-06   15:18:27 ET  Reply   Trace   Private Reply  


#13. To: Rotara, Ferret Mike (#10)

Do you realize what this means ?

Eff the Bankers

bluegrass  posted on  2008-11-06   15:20:05 ET  (1 image) Reply   Trace   Private Reply  


#14. To: Lady X (#8)

The second Oboma wanders off the plantation they will ice him.

That thought has not nor will it ever cross the King Obamalamadingdonger's mind.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams

Rotara  posted on  2008-11-06   15:20:25 ET  Reply   Trace   Private Reply  


#15. To: bluegrass (#12)

Wasserstein, Goldman Sachs, what's the diff? Money Powers all.

No diff.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams

Rotara  posted on  2008-11-06   15:21:05 ET  Reply   Trace   Private Reply  


#16. To: bluegrass (#13)

Ha!

It's good, though, that everyone has played their cards and the battlefield is more clear than it ever was.

"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your counsel nor your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen.”—Samuel Adams

Rotara  posted on  2008-11-06   15:22:19 ET  Reply   Trace   Private Reply  


#17. To: Lady X (#8)

The second Oboma wanders off the plantation they will ice him.

For that reason, he won't wander. He got 80% of the Jewish vote. He's been vetted.

Eff the Bankers

bluegrass  posted on  2008-11-06   15:22:39 ET  Reply   Trace   Private Reply  


#18. To: Rotara (#16)

the battlefield is more clear than it ever was.

Only to those with eyeballs. The blind think the battle's been won.

Eff the Bankers

bluegrass  posted on  2008-11-06   15:23:54 ET  Reply   Trace   Private Reply  


#19. To: bluegrass, Rotara (#6) (Edited)

you know what i'm amused about? obama gave us less than a day, with his appointment of rahm, to be able to say "i told you so" to his supporters.

christine  posted on  2008-11-06   15:40:19 ET  Reply   Trace   Private Reply  


#20. To: bluegrass (#17)

He's been vetted by the jewish bankers and such but Jesse, Al and Louis Farrakhan is gonna start asking some questions..

Lady X  posted on  2008-11-06   15:41:55 ET  Reply   Trace   Private Reply  


#21. To: christine (#19)

you know what i'm amused about? obama gave us less than a day, with his appointment of rahm, to be able to say "i told you so" to his supporters.

Which is why that one fellow and the other boy is MIA..

Lady X  posted on  2008-11-06   15:43:07 ET  Reply   Trace   Private Reply  


#22. To: christine (#19)

obama gave us less than a day, with his appointment of rahm, to be able to say "i told you so" to his supporters.

I think it shows how fast things are falling apart at the top of the pyramid. I hope it crashes, burns and takes them all with it.

Eff the Bankers

bluegrass  posted on  2008-11-06   15:44:47 ET  Reply   Trace   Private Reply  


#23. To: Lady X (#20)

Jesse, Al and Louis Farrakhan

Only if they're not bought off. As long as they're pimpin' in style, they'll keep their mouths shut.

Eff the Bankers

bluegrass  posted on  2008-11-06   15:45:42 ET  Reply   Trace   Private Reply  


#24. To: Lady X. all (#8)

I bet they're showing him the JFK zapruder flick now..

They're showing him the crystal clear version taken from the grassy knoll.

"Any questions, bHO?"

Iran Truth Now!

Lod  posted on  2008-11-06   16:10:50 ET  Reply   Trace   Private Reply  


#25. To: All (#24)

email -

Barack Obama, Michelle Obama and Oprah Winfrey were flying on Obama's private plane. Obama looked at Oprah, chuckled and said, 'You know, I could throw a $1,000 bill out of the window right now and make somebody very happy.'

Oprah shrugged her shoulders and replied, 'I could throw ten $100 bills out of the window and make ten people very happy.

Michelle added, 'That being the case, I could throw one hundred $10 bills out of the window and make a hundred people very happy.'

Hearing their exchange, the pilot rolled his eyes and said to his co-pilot, 'Such big-shots back there. Shoot, I could throw all of them out of the window and make 56 million people very happy.'

Iran Truth Now!

Lod  posted on  2008-11-06   16:13:18 ET  Reply   Trace   Private Reply  


#26. To: lodwick (#24)

The opening act is underway, where the climax will be, is still in question.

Lust for power at personal expense is an indication of arrogance out of control.

Cynicom  posted on  2008-11-06   16:13:57 ET  Reply   Trace   Private Reply  


#27. To: lodwick (#25)

Hearing their exchange, the pilot rolled his eyes and said to his co-pilot, 'Such big-shots back there. Shoot, I could throw all of them out of the window and make 56 million people very happy.'

hehehehe...and that's not counting the millions of Ophiles who woke up this morning to the news of Rahm being named Chief of Staff and wondering why in heavens they put Obama in the WH to be their anti-war President.

scrapper2  posted on  2008-11-06   16:17:41 ET  Reply   Trace   Private Reply  


#28. To: scrapper2 (#27)

Rahm being named Chief of Staff

His real name is Auerbach, just another jew in hiding.

Cynicom  posted on  2008-11-06   16:19:41 ET  Reply   Trace   Private Reply  


#29. To: scrapper2, Cynicom, all (#27)

My 'cost-cutting' suggestion - send everyone in deecee to TelAviv, and get on with it.

We're too broke to support both facades of government.

Iran Truth Now!

Lod  posted on  2008-11-06   16:47:28 ET  Reply   Trace   Private Reply  


#30. To: lodwick (#29)

Conundrum there Lod...

Blacks love Africa but wont even visit let alone move there.

Likewise, Jews love Israel but will visit only once a year.

Odd dont you think?

Cynicom  posted on  2008-11-06   16:52:30 ET  Reply   Trace   Private Reply  


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