Wednesday, January 14, 2009

Obama Already Showing His Corrupt Side?

What's most ironic is the source of these facts . . . not Fox News, not Ann Coulter, but the YOUNG TURKS, normally big time liberal Obama cheerleaders. Better now than never they learn that Obama is no Messiah, but a typical politician, now espousing the same behaviors that he at least pretended to condemn during the campaign:

-The single largest contributor to Obama's "inauguration fund" is none other than CITIGROUP!!! This is the same troubled financial institution that, to date, has received $45 billion in government bailouts. They have so far given $113,000 to the inauguration fund. Could this possibly have anything to do with President Bush's decision earlier this week to grant Obama's request to release the second half of the bailout monies?

-Another troubled financial institution, Goldman Sachs, has contributed almost $45,000 to the same fund. JP Morgan Chase has contributed over $30,000.

-As a matter of fact, Goldman Sachs was the second largest contributor to Obama's presidential campaign, to the tune of $884,000. JP Morgan Chase gave $600,000. Morgan Stanley gave just over $400,000.

Let's just wait and see how these banks' good deeds get rewarded when it comes time for Obama and his administration to decide who gets the biggest handout from the federal government coffers (a.k.a. our tax dollars). This would have been the perfect opportunity for Obama to prove, even before he assumes the presidency, that things would change under his watch. He could have refused the donations, and return those he already took, to send the clear message that he works for the PEOPLE (imagine that) and is not for sale. But has he done this? Of course not.

However, we shouldn't be that surprised. After all, this is the same Barack Obama who took a big contribution to his Senate campaign two years ago from Fannie Mae. In return, he, along with other Democrats in Congress who accepted compaign contributions from the mortgage giant, kept the regulators away. We now see where that has gotten us. I just can't help but feel sorry for all of the people, particularly minorities and the poor, who still don't know what a big disappointment they are in for.

FURTHER FOOD FOR THOUGHT: If the government can afford to cough up all of this money to rescue financial institutions, many who were guilty of gross mismanagement and downright incomptence, how come they can''t come up with a measly $20 billion dollars to pay back all of the people and charity organizations who were swindled by that crook Bernie Madoff, people who did nothing wrong at all?

No comments: