Barack’s Shameful Bipartisan Record
By Larry Johnson on September 25, 2008 at 8:19 AM in Barack Obama, Campaigns & Campaign Financing, Current Affairs, Democrats, Hillary Clinton, Housing & Housing Crisis, John Kerry, John McCain, Lobbyists, Republicans
Give Barack some credit. He has been in the forefront of one bipartisan group on the Hill–i.e., those who have raked in the most dough from two bankrupt mortgage firms. There are twenty five members of congress-16 -Democrats and 9 Republicans–who have some explaining to do about the unfolding Wall Street debacle that started with the collapse of Fannie Mae and Freddie Mac. As a supporter of Hillary Clinton I am not happy to see her name on the list. Although the list covers contributions received since 1989, it is astonishing that the number three person on the list is Barack Obama. Why did these two dead beat companies want to give Obama–the guy who supposedly does not take money from lobbyists–the third largest sum? He has yet to celebrate his fourth year anniversary in the Senate yet he’s pulling down more money from these two companies than every member of Congress except for Chris Dodd and John Kerry. WTF, over?
Top Recipients of Fannie Mae and Freddie Mac Campaign Contributions, 1989-2008
Name Office Party/State Total
1. Dodd, Christopher J S D-CT $133,9002. Kerry, John S D-MA $111,000
3. Obama, Barack S D-IL $105,849
4. Clinton, Hillary S D-NY $75,550
5. Kanjorski, Paul E H D-PA $65,500
6. Bennett, Robert F S R-UT $61,499
7. Johnson, Tim S D-SD $61,000
8. Conrad, Kent S D-ND $58,991
9. Davis, Tom H R-VA $55,499
10. Bond, Christopher S ‘Kit’ S R-MO $55,400
11. Bachus, Spencer H R-AL $55,300
12. Shelby, Richard C S R-AL $55,000
13. Emanuel, Rahm H D-IL $51,750
14. Reed, Jack S D-RI $50,750
15. Carper, Tom S D-DE $44,389
16. Frank, Barney H D-MA $40,100
17. Maloney, Carolyn B H D-NY $38,750
18. Bean, Melissa H D-IL $37,249
19. Blunt, Roy H R-MO $36,500
20. Pryce, Deborah H R-OH $34,750
21. Miller, Gary H R-CA $33,000
22. Pelosi, Nancy H D-CA $32,750
23. Reynolds, Tom H R-NY $32,700
24. Hoyer, Steny H H D-MD $30,500
25. Hooley, Darlene H D-OR $28,750
Includes contributions from PACs and individuals.
2008 cycle totals based on data downloaded from the
Federal Election Commission on June 30, 2008.
Absent from the list is the name of John McCain, John Sununu, Elzabeth Dole, and Chuck Hagel. Those Senators tried to take action in January 2005 but could find no Democratic sponosor nor any other Republicans willing to back them in cleaning up Fannie Mae and Freddie Mac.
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