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Obama's Oil Spill

 

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I approve this message because it's time that Washington worked for you. Not them.

The national average price for a gallon of gas in the week ending March 24, the most recent data available, was $3.26, but prices are higher than the average in some areas.

Our problem comes with this statement:

Obama: I don't take money from oil companies or Washington lobbyists, and I won't let them block change anymore.

It's true that Obama doesn't take money directly from oil companies, but then, no presidential, House or Senate candidate does. They can't: Corporations have been prohibited from contributing directly to federal candidates since the Tillman Act became law in 1907.

Obama has, however, accepted more than $213,000 in contributions from individuals who work for, or whose spouses work for, companies in the oil and gas industry, according to the Center for Responsive Politics. That's not as much as Sen. Hillary Clinton, who has received more than $306,000 in donations from people tied to the industry, but it's still a substantial amount.

Here's a chart we made, using the OpenSecrets.org database, of contributions to Obama from individuals employed by some of the largest oil companies in the U.S. Our numbers are conservative because the database doesn't include donations of less than $200 (federal law doesn't require the reporting of donations below that amount), and we haven't included sums donated by the spouses or other immediate family members of the employees. Additionally, we haven't included donations from people who work at smaller firms in the industry.

Oil Company Total Individual Contributions 
ExxonMobil $30,850
Hess $5,200
Shell $9,900
Conoco Philips $4,300
Chevron $9,500
BP $6396
Total $66,146

When the Clinton campaign criticized Obama's ad, calling it "false advertising," Obama's campaign quickly noted that he didn't take money from political action committees or lobbyists.

We'd say the Obama campaign is trying to create a distinction without very much of a practical difference. Political action committee funds are pooled contributions from a company's or an organization's individual employees or members; corporate lobbyists often have a big say as to where a PAC's donations go. But a PAC can give no more than $5,000 per candidate, per election. We're not sure how a $5,000 contribution from, say, Chevron's PAC would have more influence on a candidate than, for example, the $9,500 Obama has received from Chevron employees giving money individually.

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Member Comments

  • Posted By: Christines @ 04/21/2008 4:26:19 PM

    Obama Fat Cats


    http://www.blackagendareport.com/ind...=548&Itemid=34

    Quote:
    "The total sum raised February 16-29, 2008 by bundlers for Obama from 27 law firms that engage in lobbying: $2,650,000."

    ___________

  • Posted By: Christines @ 04/21/2008 4:26:09 PM

    Obama Fat Cats


    http://www.blackagendareport.com/ind...=548&Itemid=34

    Quote:
    "The total sum raised February 16-29, 2008 by bundlers for Obama from 27 law firms that engage in lobbying: $2,650,000."

    ___________

  • Posted By: Heptad @ 04/20/2008 7:23:39 PM

    While America hemorrhages its Blood and Treasure protecting their oil fields, oil rich Emirates build a new Ottoman Empire. And what is their contribution? Higher oil prices! As Americans suffer economic distress, we pay for the privilege of being their mercenary army, as our politicians vow to protect them at all cost. Who and what politicians are the profiteers in this ???War on Terrorists???? Further, building the largest U.S. Diplomatic mission in the world in Baghdad doesn???t seem like an agenda to bring our troops home, its more like poking a stick at a Hornets Nest.

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